Credit cards are also called debit cards. It is a non-cash transaction payment method and a simple credit service.
Application process
1: Application
In most cases, they are people who have full capacity for civil conduct (citizens aged 65-438+08 in Chinese mainland) and have a certain direct source of income.
People can apply for a credit card from the issuing bank. Sometimes, legal persons can also act as applicants.
Step 2 review
After receiving the application form and related materials submitted by the applicant, the issuing bank shall review the applicant's credit standing. The contents of the review mainly include the application.
No matter whether the content of the application form is true or not, the applicant should also evaluate his credit degree, and the individual should also review the relevant information of the guarantor.
Step 3 issue cards
After the applicant successfully applies for a credit card, the issuing bank will open a separate credit card account for the cardholder at the issuing bank for shopping, consumption and settlement after cash withdrawal. 、
4: Open the card
Because the credit card application is approved by post, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from being stolen, credit cards have card opening procedures before they are officially opened. Card opening is mainly through telephone or internet. , check the relevant personal information provided at the time of application, and go through the card opening procedures after meeting the requirements. At this time, the applicant becomes the cardholder and can officially start using it after signing on the back of the card. After a credit card is opened, it is generally necessary to set a password for the card.
Step 5 identify
Front: name and logo of the issuing bank, credit card type (organization logo) and holographic anti-counterfeiting logo, card number, English or pinyin name, activation date (generally calculated to month) and effective date (generally calculated to month). The chip is attached to the front of the newly issued card, and the chip account and the card magnetic stripe account are two relatively independent accounts.
Back: the magnetic stripe of the card, the cardholder's signature column (which must be signed after activation), the service hotline, the four or all digits after the card number (to prevent fraudulent use), and the credit card security code (the three digits immediately after the signature column on the back of the credit card are used for credit card activation, password management, TV, telephone and online transactions, etc. ).
6: Authorization
The merchant and the bank confirm that the credit card is valid and contact the bank according to the contract signed with the issuing bank.
Request authorization. Authorization is the amount that can be used to further prove the identity of the cardholder. Authorization is generally carried out when the usage specified in the contract is exceeded.
After receiving the authorization notice, the issuing bank will issue an authorization instruction according to the balance of the cardholder's deposit account and the agreement that the bank allows overdraft, and reply whether to agree to the transaction.
7: Use
Credit cards are usually only used by the cardholder himself, and lending them to others is generally a violation of the use contract.
8: Card cancellation
The account balance must be settled before the cancellation of the credit card, and the whole process of card cancellation must be completed within 45 days after the application.