Is visa card a credit card? It may also be a debit card

Visa is an international card organization. Like UnionPay, you can spend money on payment and transaction instruments marked with the Visa logo. So, is visa a credit card? The answer is not necessarily. Need to distinguish.

Visa is an international organization of Visa. It issued its first debit card in 1977 and began to issue credit cards in 1982. In other words, the visa logo does not have to be a credit card, it can also be a debit card.

In China, credit cards issued by banks and visa card organizations are all to facilitate domestic consumers to spend abroad.

According to relevant data, visa cards can complete payments at more than 29 million merchant transaction points around the world, and can withdraw cash at 1.8 million ATM machines, which is very convenient for customers with international financial needs.

In addition, the visa card organization provides a wide range of credit and debit card products, with more than 1.85 billion visa cards issued and circulated around the world. It can be seen that visa card is one of the most popular payment brands in the world.

For domestic consumer cards, the editor recommends not to blindly apply for a visa card. In the past, it was inconvenient to use, and even if you use it, you need to bear additional currency conversion fees. It is also very convenient to apply for a UnionPay card.

What does visa credit card mean?

Credit card Visa is a brand of credit card. This credit card can be used for purchases at Visa authorized merchants around the world. As long as the credit card has the Visa International logo on it, it is a Visa credit card. Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the bill date.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only. The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.

There is at least the following information on the credit card: front: name and logo of the issuing bank, credit card number (organization logo) and holographic anti-counterfeiting mark, ++, name in English or Pinyin, activation date (generally calculated to months) ), validity date (generally calculated to month), the latest issued card has a chip on the front, and the chip account and the card magnetic stripe account are two relatively independent accounts. Back: card magnetic stripe, cardholder signature field (must sign after activation), service hotline number, ++ last four digits or all ++ (to prevent fraudulent use), credit card security code (on the signature field on the back of the credit card , the 3 digits immediately following the last four digits of ++, used for credit card activation, password management, TV, telephone and online transactions, etc.). The merchant and bank confirm that the credit card is valid, and contact the bank to request authorization according to the contract signed with the card issuer. Authorization is to further confirm the cardholder's identity and the amount that can be used. Authorization is generally made when the usage amount specified in the contract is exceeded. After receiving the authorization notice, the card-issuing bank will issue an authorization instruction based on the deposit balance of the cardholder's deposit account and the bank's agreement to allow overdraft, and reply whether it agrees to conduct the transaction.

Is visa card a credit card? Or maybe a debit card?

Visa is an international card organization. Like UnionPay, you can make purchases on payment and transaction tools marked with the Visa logo. So, is visa card a credit card? The answer is not necessarily, a distinction needs to be made.

Visa Card is a Visa International organization that issued its first debit card in 1977 and credit cards in 1982. In other words, the card with the visa logo is not necessarily a credit card, it may also be a debit card.

However, in China, all banks and visa card organizations issue credit cards to facilitate domestic consumers' overseas consumption.

Relevant data shows that visa cards can complete payments at more than 29 million merchant transaction points around the world, and can withdraw cash at 1.8 million ATMs. For customers with international financial needs Very convenient.

In addition, the visa card organization provides a wide variety of credit and debit products. There are more than 100 million visa cards issued and circulated around the world. It can be seen that visa cards are one of the most popular payment brands in the world.

For cards that focus on domestic consumption, it is recommended not to apply for a visa card blindly. It is very inconvenient to use a visa card during the period, and even if you use it, you will need to bear additional currency conversion fees, so you still need to apply. It is convenient to get a UnionPay card.

How to cash out visa credit card? It is difficult to achieve in China

In short, visa cards are not necessarily credit cards, but in China most visa cards are credit cards. There is currently no bank in China that jointly issues visa debit cards with the visa card organization. Without demand, there will be no market. .

What is a visa credit card?

Visa credit card is a credit card jointly issued by banks and visa international organizations. As long as the credit card you hold has the Visa logo printed on it, you can use the card to make purchases at merchants that cooperate with Visa worldwide. In fact, just like all domestic bank cards have the UnionPay logo, UnionPay only covers domestic markets.

Credit cards with the visa logo can implement dual currencies on one card. The dual currencies include RMB and US dollars. They will also provide members with various products and services. The visa global electronic payment network system is committed to providing cardholders with Provide safer, faster and more convenient payment methods.

How to choose a credit card that suits you:

1. Choose a bank

The current credit card repayment methods are mainly bank counter repayment and ATM machine self-service repayment. payments and automatic repayments. When choosing a credit card, be sure to choose a card-issuing bank that is convenient for you to repay. The most convenient thing is to choose a credit card from the same bank as your salary card, so that you can handle automatic repayment and the operation is also very convenient. If you don’t have a suitable credit card, you can also choose a bank with more branches or a variety of online banking functions.

2. Choose the type

Nowadays, there are various types of credit cards. There are credit cards with special discounts for going to the supermarket, credit cards co-branded with travel companies for traveling, and special credit cards for car owners. Car owner cards, frequent business travelers, airline cards, and even women’s cards specially designed for fashionable and beauty-loving women? Each card will have a different emphasis in purpose design, so card applicants should choose according to their own circumstances. Credit card required.

3. Look at the credit limit

It is best to have a credit limit that meets your basic needs, so you don’t need to apply for multiple credit cards. Try to use 1-2 credit cards to satisfy yourself. consumption and ++++ needs are also easier to manage.

4. Look at daily expenses

We all know that there are fees for using credit cards, such as annual fees, cash withdrawal fees, over-limit fees, etc. Take the annual fee as an example. It is also a big expense, ranging from dozens to hundreds or even thousands. However, various banks have also formulated annual fee-free policies, such as the common first-year annual fee exemption, If you swipe the card several times that year, you will be exempted from the annual fee for the next year, etc. It is best for us to choose a credit card that can easily implement the annual fee-free policy.

5. Look at the points standards

"Swipe your credit card to enjoy points" and "points can be exchanged for goods". I believe many cardholders apply for the card based on this offer. Consumption brings points, and points can be redeemed for goods and services. Therefore, points, as ancillary value of credit cards, must also be taken seriously. When choosing a card, we should pay attention to whether the points are continuously valid or have a time limit, and try to choose ones where the points are valid for a long time.

This is the end of the introduction about whether Visa card is a credit card and whether Visa is a credit card. Have you found the information you need?