Text/Mu Cheng

img src=' /large/18b 00001 ea 765079d 589 '/

The purpose of applying for a credit card is mainly consumption, so it is reasonable Credit card consumption is the basis of using credit cards. The simplest way to make a credit card purchase is to swipe your card through a POS machine at a physical merchant. The cashier presses the consumption amount on the POS machine. After you confirm, you give your credit card. The cashier swipes the card, and then you enter the password on the POS machine (this step will not be possible if you do not set the credit card password). Then the POS machine issues the order, and you confirm and sign, and the entire consumption is completed. The process is over.

One thing to note here is the signing process. If someone doesn't have a PIN set on their credit card, a signature is important. There is a signature line on the back of the credit card. Generally, a signature is required after opening a card, and the handwriting of this signature is also an important basis for the cashier to verify whether the cardholder is the card owner. If someone else finds that your card has been swiped, but the signature handwriting on the credit card is significantly different from the reserved handwriting, the cashier has the right to verify the identity of the person who swiped the card (such as requiring an ID card). Likewise, if your card is stolen and the signature is not yours, you can ask the bank for compensation.

Is it necessary to swipe the card to enter the password, so the password must be entered everywhere? Some cards can be used overseas. On the front of a credit card, we sometimes see the "Visa" and "Master" logos, indicating that this type of credit card can be used overseas. Now it seems that you can also use credit cards with the "UnionPay" logo (depending on whether the consumer merchant supports it). Generally, you do not need to enter a password when swiping your card overseas. The cashier will usually check the signature, sometimes an electronic signature written on a tablet with a stylus. However, since foreigners may not be familiar with Chinese signatures, they may ask you to show your passport and check whether the pinyin on the passport matches the pinyin on the front of the credit card. Therefore, friends who want to travel overseas or have overseas travel plans can apply for a credit card with the "Visa" or "Master" logo and bring their passport with them when swiping the card overseas.

In addition to credit cards that can be swiped at physical merchants for purchasing goods, credit cards can also be swiped at hotels, restaurants, and entertainment venues for checkout. Hotels usually require a deposit upon check-in. If you have a credit card, you don't have to pay cash. You can pre-authorize the hotel directly with your credit card and cancel it when checking out. In some European cities, you can also pay with a credit card to take a taxi. Basically, there will be more and more places where you can swipe credit cards, and there will be more and more areas that support credit card consumption.

Swiping a credit card at a physical merchant’s POS machine is the most common way, and online credit card consumption is becoming more and more common and convenient. Take some e-commerce websites as an example. After registering an account, you can generally bind a credit card. After shopping in an e-commerce store, you can pay with a credit card. As mentioned earlier, third-party payment platforms such as Alipay and WeChat Wallet can also bind credit cards, so e-commerce merchants that can pay through Alipay and WeChat Wallet can swipe your credit card without having to enter credit card information every time.

Nowadays, the mobile Internet is very developed, and everything from food, clothing, housing, transportation, food, drinks and entertainment can be consumed through mobile apps. For example, you can use Didi for taxis, Taobao and JD.COM for online shopping, Meituan for group purchases, and Ele.me for takeaways. There are also many O2O service apps, such as door-to-door cleaning, cooking, home appliance repair, etc., you can use Complete it on your phone or pay with a credit card.

Some websites require you to enter some credit card information when checking out with a credit card, such as the validity period of the credit card, which is usually on the front of the credit card, and the security code of the credit card. This information is usually a 3-digit number in the signature line on the back of the credit card. This security code is very important and cannot be disclosed to others, otherwise it is very likely to be stolen online.

There are at least two benefits to using credit cards as much as possible: First, you can enjoy the interest-free period, especially when purchasing some large items, you can use the money you originally paid to buy financial products for 30 to 40 days; Second, credit cards generate bills every month. If most purchases can be made with a credit card, it will be recorded, which is a natural account for those who are too lazy to keep accounts.

Generally, various credit cards from major banks have their own special advantages, which you need to understand before applying for a card.

Some credit cards can be used to watch movies for 10 yuan, some can enjoy 50% off food, some can provide cash back for supermarket shopping, and there are various irregular activities. Don’t spend just to spend, but think about how to get the best deal before you spend.

Some banks will also cooperate with some merchants, such as Suning and Gome. When buying home appliances, you can get free handling fees and pay interest in installments. In this case, you must choose installment decisively so that you can enjoy a longer interest-free period. There are also credit card websites of China Merchants Bank and Industrial and Commercial Bank of China that have access to the Apple section, and you can also purchase Apple products in installments with no fees or interest. If it is not convenient for you to go to Hong Kong to buy, you can also buy relatively cost-effective Apple electronic products.

Instalment consumption must be treated differently. Generally speaking, installment is not recommended, mainly because the credit card installment fee is still relatively high. For example, China Merchants Bank's 12-month installment fee is 0.66% per month. Assuming that 10,000 yuan is paid in 12 installments, the monthly cost is 66 yuan, totaling 792 yuan. So, it seems like the annual interest rate is 7.92%, which doesn’t seem like much. But when you repay, you have to pay 833.3366 yuan every month. You will find that the principal is decreasing every month, but the handling fee is still paid according to the limit of 10,000 x 0.66%. Even if there is only 833.33 yuan left in the last month, you still have to pay a handling fee of 66 yuan, and the interest rate reaches about 14%! (Even if you repay in advance, you will have to pay the same handling fee. Can you think of any financial products that can exceed this interest rate? So generally do not pay in installments. Banks often recommend that you pay in installments because they want to make money. If you buy financial products The product cannot exceed the actual interest rate of the installment, and try not to make installments.

Sometimes banks will offer some installment activities, such as discounts on handling fees, gifts, and points. To make money for the bank, your credit card limit may slowly increase. Of course, the higher the credit card limit, the better, because it will increase your debt ratio and sometimes even affect your loan. Under normal circumstances, the credit card limit can cover your daily consumption. You can also raise the limit.

The temporary limit can be increased to meet certain large consumption situations, so there is no need to deliberately pursue an increase in the limit.

There are also people who increase the credit card limit through some false purchases. Turn it into cash, commonly known as "cash out". Then use the cash to purchase financial products, and then recycle the credit card bills after maturity. This is a relatively risky approach, and will be monitored by the bank, reduced, and even recorded as bad credit. The gain outweighs the loss.

Actively swipe your card when you encounter situations where you can be reimbursed, such as company purchases, purchasing Dazong products, booking air tickets and hotels, etc., or even paying a deposit for buying a house. If the limit is high enough, you can even pay a down payment. These can be swiped, so that you can fully enjoy the benefits of the interest-free period by using your original funds to purchase financial products. However, some banks will lock your card or call you to verify if you suddenly swipe a large amount. You are consuming by yourself, so please pay attention to this.

There are many consumption scenarios with credit cards. As everyone becomes familiar with credit card consumption, it is very good to make reasonable use of credit cards. Financial management behavior, but you must also act according to your ability, understand your repayment ability, do not buy unnecessary things indiscriminately, and adhere to a high-quality life attitude of abandonment.

Related Q&A: Related Q&A: How to use credit card to make purchases?

How to select merchants for swiping credit cards, which merchants are better for increasing credit limit?\r

If you want to determine which merchant is easy to increase credit limit by selecting merchants, this approach is rather one-sided! \r

First of all, you must understand the basic information of the third party! There are also rules about the third-party payment platform of the POS machine you use,\r

For example:\r

1. Is it a region? (Jump to different cities)\r

2. Do you want to jump to a merchant? (The printed purchase order does not match the billing merchant)\r

3. Do you want to jump to the channel? (Are the large-amount and small-amount deduction channels online or offline?)\r

4. Is it subject to risk control by a certain bank? (A certain bank card cannot be used for third-party payment POS transactions or limit!)\r

Why do you need to know about third-party payment? \r

1. Fund security: \r

Whether the channel of the POS machine is formal and UnionPay authorized third-party payment license is cleared to ensure the safety of funds! \r

Remarks: All subsidiaries of certain payment companies are classified as second clearing, and only payment companies holding third-party payment licenses are legal. \r

Second clearing payment companies became popular in 2012. Any company can rent a channel from a company with a payment license to do secondary clearing (second clearing). As a result, many users were involved in the second clearing company account after entering it. Money runs away. \r

Nowadays, many "repayment apps" operate in a similar way to Erqing. They use the online payment authorization withholding agreement to deduct money from your card, and then transfer the money to the "repayment app" company account. , transfer it to your card, and repeat the operation to pay off the bill. \r

Note: Cardholders are reminded to be wary of Erqing (return app): 1. Channels with high risk scores; 2. Channels with low overall scores;\r

2. No code hopping: \r

Only POS machines that do not jump codes and do not jump areas can make the card relatively safe; on the contrary, it will cause the bank to carry out risk control on the card, which is for cashing out or fraud! \r

Note: Once you are risk-controlled by the bank, you need to maintain good card usage for at least one to three years before the limit will be increased. \r

3. Comprehensive score: \r

Maintaining interaction with banks, choosing high-quality merchants and offline payment channels are all important! If your contribution to the bank is insufficient, your overall score will drop! \r

What is contribution value: In plain language, it means have you made money for the bank? \r

4. Payment channel: \r

The channel is divided into online and offline channels; (I don’t understand the channel, and the overall score is different)\r

What are offline payment channels:\r

Offline payment channels are for physical contracted merchants. Before the fee change, there are different rates: cap (16-88 yuan/transaction), rate (0.38%-1.25 %) Special units: 0 rate;\r

After fee change: 0.38% for preferential merchants, 0.6% for normal merchants, 0 rate for special units;\r

Remarks: All All merchants have an MCC code, and the rates and industries corresponding to each merchant category are clearly broken down. \r

What are online payment channels:\r

Our common online payment methods such as Alipay, Tenpay (WeChat Pay), etc., have a rate of 0.38%;\ r

Remarks: The overall score in banks is low and the contribution value is insufficient, so most banks will not give points for online shopping. \r

So it is right to choose a high-quality merchant, but you must have a certain understanding of payment to make the right choice! \r

How to use the card well! Summarize the following three points:\r

1. Choose the right payment tool;\r

2. Choose the right high-quality merchant;\r

3. Maintain the Good interaction with the bank;\r