Dr. Qian will give you an analysis:
First of all, the biggest difference between the two is that WeChat Alipay consumption belongs to online consumption, and direct credit card consumption belongs to physical consumption. So what's the difference between the two?
First of all, for individuals:
1, WeChat Alipay online consumption is more convenient.
The credit card is bound to WeChat or Alipay. You only need to bring your mobile phone when you go out. When paying, you can scan the QR code or directly generate a consumption record, which is simple, fast and convenient. It is complicated to bring a card when swiping a card, and to enter a password and signature when paying.
However, not all merchants have opened WeChat or Alipay payment codes, which can be spent from bound credit cards, and some can only be spent through balance and savings cards.
2. Credit card consumption preferential activities are more abundant.
Although WeChat Alipay has spent a lot of manpower, material resources and financial resources to promote it, preferential activities have emerged one after another and achieved obvious results, but the richness of preferential activities is far less than that of physical credit card consumption. Many preferential activities jointly carried out by banks and merchants must be restricted by physical credit card consumption, and WeChat Alipay consumption cannot participate, which is why physical credit card consumption cannot be completely replaced. In addition, credit cards have annual fees and points. At present, most credit cards are swiped six times a year, and the annual fee can be waived the following year. Although several banks now cooperate with Alipay or WeChat, online payment through WeChat or Alipay is also counted as the number of swipes, but many banks still stipulate that online payment through third-party platforms does not enjoy points, so they cannot enjoy credit card points concessions.
3. Quota restrictions.
From a security point of view, bar code or QR code payment is still risky. Therefore, it is limited for banks to make online payment by credit cards through third parties. Generally, large-scale consumption cannot be paid, and it must be paid by credit card (of course, the limit standard of each bank is different). Alipay and WeChat platforms also restrict credit card payment in order to prevent people from cashing in credit cards by scanning codes.
Secondly, for banks and enterprises:
Credit card binding WeChat or Alipay consumption and direct credit card, the handling fee is different.
After the 96 fee reform, the handling fee for direct credit card consumption is 0.6%, while the handling fee for using Alipay or WeChat scan code for card binding is 0.38%.
This part of the handling fee is borne by the merchant, so for the merchant, the cost of tying the card is lower.
On the contrary, from the bank's point of view, the consumption of tied cards undoubtedly affects the interests of banks. So now banks are launching various activities to promote consumers' credit card spending.
The above are most of the differences between direct credit card consumption and credit card binding on WeChat or Alipay. Both have their advantages and disadvantages. Dr. Qian suggested that for those below 100, you can use WeChat or Alipay if it is convenient. If it is a large amount, it is safe and beneficial to swipe your card directly if you want to increase the credit card limit or points.
In addition, if you use WeChat and Alipay, remember that each software of WeChat and Alipay can be bundled with 10 credit cards. Scanning consumption depends on whether the QR code opened by the merchant supports credit card consumption.