When using card swiping funds for small password-free transactions, priority can be given to deducting the transaction consumption amount. The specific steps are as follows:
Log in to the Bank of Communications Credit Card Pay Bar APP (5.4.1) in vivo S12, click Credit Card - Card Settings - Password-free Payment Management, and activate the function of small-amount password-free payment.
After following the above steps to activate the small-amount password-free function of the Bank of Communications, go to the offline POS to make transactions by swiping the card (single magnetic stripe card) or inserting the card (chip card), without entering the password within the password-free payment limit. Just click OK until the transaction is completed. After the consumption is recorded into your account, you will have the opportunity to deduct the credit card fee.
Deduction rules:
(1) If the transaction meets the card payment deduction conditions, after the transaction is credited, the Bank of Communications Credit Card will transfer the card payment into the cardholder’s special account. The card balance will be used to directly deduct the principal of this consumption, and the deducted amount will be returned to the credit card account.
(2) If there are multiple credit card payments and the consumption is eligible for deduction, the system will automatically deduct the card credit that expires first based on the validity period of the credit card credit.
(3) Bank of Communications has debit card swiping fees and credit card swiping fees. Debit card credit can only be used for consumption and cannot be used for fund transfers such as cash withdrawals and transfers. When making consumption, priority will be given to deducting credit card fees. If the transaction amount is insufficient, the current amount can be used. The specific information is subject to the information on each card credit activity.
Consumption is generally credited to your account on D+2, and you can see credit card deductions on D+3.
BoCom’s “Small Amount No Password” function is a service provided by the card center to cardholders that does not require password verification when making UnionPay credit card transactions within a certain limit.
After activating this service, the default limit is RMB 1,000 for a single transaction. Cardholders can adjust the limit through the Payout Bar APP, and the maximum single transaction does not exceed RMB 1,000.
Scenarios that cannot be deducted:
(1) Turning off the consumption verification function cannot be deducted. In other words, there is no need to enter the password for any consumption. If you only rely on your signature, the card fee will not be deducted.
(2) Quick payments such as Alipay, WeChat, JD Pay, and UnionPay QuickPass cannot be deducted.
(3) Consumption via UnionPay QuickPass, such as card swipe QuickPass and mobile PAY, cannot be deducted.
What are the differences between Bank of Communications’ small-amount password-free service and UnionPay QuickPass’ small-amount password-free service:
(1) The service providers are different. Bank of Communications' small-amount password-free service is a service provided by Bank of Communications, and UnionPay QuickPass's small-amount password-free service is a service provided by UnionPay.
(2) The transaction methods are different. Bank of Communications' small-amount password-free transactions are limited to offline card swiping and card insertion transactions. UnionPay QuickPass is limited to small-amount PIN-free transactions such as chip card swiping and mobile QuickPass transactions.