Credit card refers to the credit card that the issuing bank gives the cardholder a certain credit limit, and the cardholder can spend first and then repay.

Functions and characteristics

It has the functions of shopping consumption, transfer settlement, cash deposit and withdrawal, consumer credit and so on.

Credit card is convenient, fast, safe and reliable, with circulating consumption credit and interest-free repayment period.

Issue conditions

1. The company can apply for a corporate card (business card) of a credit card from the issuing bank with the account opening permit issued by the People's Bank of China. A company can apply for more than one corporate card (business card), but the cardholder must be indicated on the application form.

2. An individual with full capacity for civil conduct may apply for a personal credit card from the issuing bank with a valid identity document recognized by the public security department. Personal card holders can apply for no more than two supplementary cards for their spouses or relatives with full civil capacity.

3. Credit cards are generally limited to domestic use and settled in RMB. Credit cards are divided into gold cards and ordinary cards according to the applicant's credit rating.

Bidding procedures

1. The cardholder shall provide authentic and reliable application materials to the issuing bank and provide qualified guarantee according to the requirements of the issuing bank; Abide by the credit card regulations and fulfill the credit card purchase contract.

2 units and individuals applying for credit cards must fill in the application form and sign a credit card collection contract with the issuing bank. According to the applicant's application and credit status, the card issuing institution determines whether to require him to provide guarantee and guarantee method, whether to agree with the applicant's card application, and determine the type of card and the credit limit of the cardholder.

3. The form of guarantee can be guarantee, mortgage or pledge. The scope of protection covers all debts incurred under the cardholder's credit card (including overdraft within the credit line and overdraft principal and interest outside the credit line, over-limit fees, late payment fees, recourse fees, etc.). ). Guarantee should sign the corresponding guarantee contract.

● Validity period

1. Generally speaking, the credit card is valid for up to 2 years. If the cardholder needs to continue to use it after the expiration, he shall go through the replacement procedures. The cardholder shall pay the annual fee according to the regulations of the issuing bank.

2. If the cardholder does not want to get the expired new card, he should inform the issuing bank in writing or in other forms recognized by both parties 1 month before the expiration, otherwise the issuing bank will consider the cardholder to get the expired new card voluntarily.

3. The expired credit card can no longer be used, but the collection contract is still valid. If you don't change your new card or stop using it, you must return the credit card to the issuing bank in time and go through the cancellation procedures.

Credit loan line

1. The issuing bank determines the credit limit according to the credit status of the cardholder, and has the right to adjust the credit limit of its account according to the change of the credit level of the cardholder. All credit cards under the same account share the credit limit of the account.

2. If the issuing bank fails to repay the credit card holder according to the minimum repayment amount and exceeds the credit limit, it will charge a late fee and an over-limit fee of 5% of the minimum repayment amount and the over-limit credit limit respectively.

Matters needing attention

1. If the cardholder loses his credit card, he should report the loss in writing or by telephone to the nearest issuing bank in time. Written loss reporting is a formal loss reporting, and the card issuer only helps to prevent telephone loss reporting and does not assume any responsibility. If you need to reissue a new card after reporting the loss, you can go through the formalities with a written application for reporting the loss and your valid identity certificate.

2. The cardholder shall pay off the overdraft principal and interest and expenses under the credit card in time. If the overdraft principal and interest are not paid off as required, the issuing bank has the right to collect and investigate according to law. Credit card is a special card issued by banks or other financial institutions to people with good credit status, and it is a special credit certificate. Cardholders can shop and spend money at merchants designated by card issuers, and can also deposit and withdraw cash at designated banking institutions.

Definition of credit card

With the development of credit card business, there are more and more types of credit cards. Generally speaking, there are broad credit cards and narrow credit cards.

Broadly speaking, any special card that can provide credit proof for cardholders and enable them to use it for shopping, spending or enjoying specific services can be called a credit card. Credit cards in a broad sense include credit cards, quasi-credit cards, debit cards, savings cards, ATM cards, checking cards and credit cards.

In a narrow sense, foreign credit cards mainly refer to credit cards issued by banks or other financial institutions, that is, credit cards that can be loaned and consumed without pre-deposit, and credit cards that are first consumed and then repaid; Domestic credit cards mainly refer to credit cards, that is, quasi-credit cards.

From the appearance, credit cards are as big as ID cards and are generally made of special plastic. The front is printed with specially designed patterns, the name and logo of the card issuer, and the embossed or printed card number, the cardholder's name, expiration date and other information. On the back of the card, there is a magnetic stripe for recording relevant information, a signature strip for the cardholder's signature and a description of the card issuer.

Second, the characteristics of credit cards

Credit card is one of the fastest-growing financial services, which can replace the traditional cash circulation to a certain extent.

Credit cards have both payment and credit functions. Cardholders can use it to buy goods or enjoy services, and they can also use credit cards to obtain certain loans from card issuers;

Credit card is a high-tech product integrating financial business and computer technology.

Third, the role of credit cards.

Credit cards can reduce the use of cash and money;

Credit card can provide settlement service, which is convenient for shopping and consumption and enhances the sense of security;

Credit card can simplify the collection procedures and save social labor;

Credit cards can promote commodity sales and stimulate social demand.