Credit cards are issued by banks to cardholders according to their credit and financial resources. Cardholders do not need to pay cash when using credit cards, and will make repayment on the settlement date. Its characteristics are as follows:

1. You can spend without overdraft, enjoy an interest-free period of 20-56 days, repay the principal and interest on time, and charge no fees (most banks will charge 0.5% interest on the day of withdrawal);

2. It is not only safe and convenient to swipe your card when shopping, but also a bonus gift;

3. Special merchants who hold cards in banks can enjoy preferential treatment;

4. Accumulate personal credit, add credit records in credit files, and benefit for life;

5. Access to the whole country is barrier-free, and you can withdraw money or spend money by credit card on ATMs and POS machines with UnionPay logo; (Note: Credit cards are only suitable for credit card spending. It is best not to withdraw cash, which is expensive and uneconomical. )

6. Credit card consumption, some credit cards take existing points; (Most credit cards have no points for online payment, but online payment is very convenient and fast. )

7. Mail the statement free of charge every month, and master every consumption expenditure;

8. In the form of one card and two currencies, consumption abroad can repay in RMB;

9. The loss report takes effect immediately;

10. Validity period: Domestic credit cards are generally valid for three to five years.