What does it mean to swipe a credit card? How to understand it

1. swiping a credit card means using a credit card to pay for various expenses, with a minimum interest-free period of 2 days and a maximum interest-free period of 6 days.

2. If you withdraw cash by credit card, you need to pay high interest

3. Then someone cashes it, which is illegal.

4. if someone else spends money and pays with his credit card, it is cashed out.

5. What's more, it has developed to pretend to be a merchant, use one's own card, pretend to be a merchant to sell things, pay low handling fees and get cash. Not only can you avoid the high interest on cash withdrawal, but you can also enjoy an interest-free period of more than one month, and you can also invest this money in a kind of financial management with good liquidity, such as the Monetary Fund, to obtain income. If the amount is large, the income is also relatively large.

why can some credit cards be swiped without entering a password?

Small-sum secret-free visa-free service is a small-sum fast payment service provided by China UnionPay for UnionPay IC cards with "flash payment" function, and customers do not need to open it separately. When you swipe your card, you don't need to enter a password as long as the amount does not exceed a certain amount (generally below 2 yuan). If it is a savings card, you need to transfer money to a small cash account before you can use it. If it is a credit card, you don't need to do anything, you can swipe your card directly!

Credit cards can be used not only for transactions without cards, but also for transactions without cards and secrets (there is no need to enter passwords). It is precisely for this reason that cardholders are advised to protect the CVV code (commonly known as "last three codes" or CV2) on the back of credit cards.

transaction without card and secret (also called offline transaction)

At present, companies such as Kuaiqian provide a service: transaction without card and secret (also called offline transaction). Offline transactions are common in booking hotels, air tickets, or other online payments. Cardholders can complete the transaction as long as they provide the credit card account number, expiration date and its "last three codes", without providing a physical card and password.

most of the stolen credit cards appear on the POS machines provided by Kuaiqian Company. As long as they are used for spending (booking hotels and air tickets) through the POS machines or websites provided by Kuaiqian Company, there is no need to enter a password.

"card-passing transaction": the cardholder swipes the card at POS terminals such as shopping malls and supermarkets with a credit card, signs the authorization, and then completes the transaction.

Credit cards were originally imported from abroad. According to international practice, it is generally unnecessary to enter a password when using credit cards. In the United States and other countries, whether it is "over-card transaction" or "off-line transaction", the transaction voucher is the cardholder's signature or the last three yards, so foreign cardholders have a strong awareness of the protection of the last three yards. However, domestic banks even advise cardholders to set a password for their credit cards, but they don't tell users the importance of the last three codes in detail, but at the same time they support offline card-free transactions of the last three codes.

It is suggested that cardholders should protect their card information, and don't give the card to others for use, including viewing, so as to avoid the information being recorded by criminals and making offline transactions. When shopping in a shopping mall, you should hide the credit code from the people around you. You can cut a small piece of tape and stick the "last three yards". Usually, you should try to brush your card at the counter to avoid the credit card leaving your sight. If you need to make online payment and other consumption, you can find the "last three yards" by tearing the tape, and you are not afraid of others peeping. At the same time, you should keep the credit card transaction receipt after consumption, and carefully compare the credit card transaction receipt with the monthly bill. If you find any abnormality, you should inform the bank in time.

The correct use method is as follows:

Don't give the card to others for use, including viewing.

You can cut a small piece of adhesive tape and stick the "last three yards".

usually swipe your card at the counter as much as possible to avoid the credit card leaving your sight.

At the same time, you should keep the credit card transaction receipt after consumption, and carefully compare the credit card transaction receipt with the monthly bill. If you find any abnormality, you should inform the bank in time.

Credit cards can't be paid by WeChat or Alipay, but they can be swiped. Why?

in this case, the merchant does not have the credit card collection function. After all, credit card collection requires a handling fee, but small businesses do not have this function, and large supermarkets can do it.

Can I swipe my card with a credit card?

Many cardholders who use credit cards for the first time often don't know much about credit cards and think that they can swipe their cards with a credit card. This is actually a wrong cognition. Otherwise, think about it, if you can swipe your card with it, then everyone's credit card will have security risks and will be stolen if you are not careful. Below, let's introduce the related matters of credit card swiping.

how can I swipe my credit card?

As far as we know, there are two main ways of credit card consumption, one is offline payment, and the other is online payment. The methods of swiping the card for these two kinds of payment are different:

1. Offline payment: refers to the cardholder swiping the card at pos terminals such as shopping malls and supermarkets, signing authorization, completing transactions, and some of them have to enter a password;

2. online payment: generally speaking, when a cardholder makes a purchase through the internet, the merchant can swipe the card through the pos system, and the cardholder provides the credit card, identification code and expiration date, and then inputs the transaction password.

However, some card friends said that online payment also includes card-free payment. You can complete the transaction without receiving the verification code or even entering the payment password as long as you enter the validity period and submission on the card. This shows that online payment by swiping the card is still risky.

Therefore, in order to prevent the credit card from being stolen, everyone must be cautious when swiping the card.

Precautions for credit card swiping:

Please pay attention to the safety of credit card swiping to avoid unnecessary losses. Usually, paying attention to the following points can effectively improve your credit card security index.

1. The credit card is for the cardholder's own use only, and never lend it to others.

2. Please take good care of your personal information, and don't tell others such information as, expiration date, and the number on the back of the signature column.

3. don't leave your sight when spending by credit card.

4. When entering the password, please pay attention to the occlusion.

5. when you get a new card, you should sign on the back of the card immediately.

6. There are some credit card information on the purchase slip, so don't throw it away at will.

7. Identify the website carefully to prevent you from visiting fake shopping websites and fake online payment pages. If you find suspicious websites, please call the credit card service hotline in time to verify.

why use a credit card? What skills do you have to use?

hello, everyone! I have worked in a bank for a long time and have many years of experience in using credit cards. Next, I would like to share with you some of my knowledge and experience in using credit cards.

1. Why use a credit card?

1. Credit card is the only debt instrument with a long interest-free period, which has high use value. This is not available in any other loan varieties. This means that for a period of time, we can spend the bank's money for free and do our own thing. When money is tight, you can also use a credit card to tide over the difficulties without paying interest.

2. Personal credit can be accumulated. For "white credit households" who have no credit records in the Credit Information Center of the People's Bank of China, banks generally do not easily grant credit. Even if credit is granted, the loan amount will be very low, and there will be no preferential loan interest rate. Young people who have just left society can accumulate personal credit by using credit cards to repay on time, laying the foundation for applying for mortgage, car loan and low-interest credit loans in the future.

3. You can accumulate points and participate in preferential activities. With a credit card, you can accumulate points and redeem gifts or rights. In order to seize the market and protect customers, credit card centers of various banks have launched many preferential activities. Some activities are very strong. Activities such as 5% off food and one yuan to watch movies are very cost-effective and can save a lot of money.

4. Some credit cards are powerful and can facilitate daily life. For example, I set up an ETC credit card of Agricultural Bank a few years ago, and the bank gave a small machine called OBU free of charge, which was installed on the front windshield of the car. Every time I get on and off the expressway, I can take the ETC channel, which is very convenient and saves a lot of queuing time. Compared with ordinary ETC cards, ETC credit cards don't need to be recharged in advance, just remember to repay them after use.

As a modern financial tool, credit card can facilitate our life if used correctly. Next, I'll tell you three tips.

second, the use skills

1. Make good use of the interest-free repayment period. When spending a lot of money, it is especially cost-effective to swipe a credit card. Because during the interest-free period, we can deposit a large sum of money originally used for consumption in the bank to earn interest, or buy a short-term wealth management product. I suggest you get 2-3 credit cards. When you have a large amount of consumption, calculate which card has the longest interest-free repayment period, and then swipe which card.

2. Try to repay in full. There is a prerequisite for enjoying the interest-free repayment period, that is, full repayment. If the full repayment cannot be made on or before the due repayment date, the loan interest rate of the credit card is very high. The minimum repayment loan interest rate is 18.25%, and the compound interest will be calculated on a monthly basis. The loan interest rate of credit card installment is generally above 14%. If you really use a credit card to borrow money, the cost is very high.

I have used the card for many years, and I have only conducted credit card staging twice. Once, I held an activity in China Merchants Bank Credit Card Center, and I could send a backpack by staging. I calculated the staging cost, which was very cost-effective, so I conducted staging. Another time, it was our bank's task that every employee had to make a credit card installment. I had no choice but to make a second installment.

3. Pay attention to your credit card psychology and the bank's marketing routine, and never take the credit card limit as your own money. Take myself as an example. I used to use China Merchants Bank's credit card. After swiping the card, China Merchants Bank's WeChat notification will only tell me the transaction amount, but not the remaining amount.

as long as the limit is not used up, you can swipe it. How much is spent in a month, how much is left in the quota, and there is no concept in psychology. Accidentally, I took the credit card limit as my own money. Wait until the billing date, I found that the bill was expensive and I brushed off a lot of money.

in my opinion, this is actually a marketing routine, which should be done by the Credit Card Center of China Merchants Bank on purpose, in order to make cardholders spend more credit cards. Adding an available quota to the WeChat notification is technically very simple. For example, the WeChat notification of the Agricultural Bank of China credit card has an "available balance".

Last year, in order to control my expenses, I untied all the credit cards bound in WeChat and Alipay, and used debit card money for daily small expenses. After each consumption, the balance can be seen in the WeChat notification of the debit card. Seeing that the money on the card is getting less and less, I will save some money. After a few months, I found that I spent less money every month than before.

You can also observe your psychological changes. If you are like me, I suggest that you use a debit card instead of daily sporadic expenses. Use a credit card when you spend a lot of money or you can enjoy a discount by swiping a credit card.

You have to pay back your credit card after you swipe it. Never take the credit card limit as your own money.

Finally, let me ask you a question. Do you think using a credit card will make you spend more money than not using it?

I have used credit cards for several years, and now I have several credit cards with me, so now I will share some tips on how to use credit cards.

1. Make good use of the interest-free period of credit cards.

all credit cards have an interest-free period of 2 to 5 days. If we swipe our credit card from the day we issue the bill, then we will have an interest-free period of more than 5 days. Basically, the maximum interest-free period of each bank is similar.

I have three credit cards, and I adjust the bills of the three credit cards on the 1th, 2th and 3th respectively. When the bill is issued on the 1th, if I want to spend money in the next few days, I will use the credit card issued on the 1th immediately, and so will other credit cards, so that I can use my interest-free period to the maximum.

2. accumulate personal credit.

This is what I heard from a friend. Like most of us, we only use savings cards for daily deposits and have no other contact with banks. Then the bank doesn't have a good evaluation of our credit, which will easily lead to that when we need a loan to buy a car or a house, it will not be so smooth.

3. Credit cards can be used for emergencies.

when you can raise the credit card amount, try to raise it as much as possible. This is a rule of thumb, in case you need money badly. In this case, a credit card is a good emergency tool.

Before, a relative in my family was in urgent need of tens of thousands of money, but I didn't have that much cash at hand. Fortunately, I had a credit card, and several of them added up to 5, to 6,. All three of them were maxed out, and I made up a little money. By the time I paid back the money, the money was enough.

4. There are many discounts on the credit card

This is more convenient for friends who like to eat out and travel. There are many coupons on it, which can also save some money.

I have a classmate who always likes to eat out, and he has a credit card. Sometimes coupons can only be used by one person, which happens to be mine. He asked me to exchange coupons for him many times, which saved him a lot of money every time.

5. When using a credit card, draw money from cash to control consumption

Because credit cards have a limit, and the credit card limit is still relatively large, it is easy to spend without restraint. Here, I will introduce a good method to you.

let's prepare one first, that is, a temporary account, such as Alipay's Yu 'ebao or WeChat's change pass. Whenever we spend a sum of money from the credit card, we will transfer the money from our savings card or WeChat to this temporary account, so that we can clearly know how much money we have spent, and it will not be so easy to overspend.

the above is my experience in using credit cards, and I hope it can help everyone.

I've used my credit card for several years, and I haven't played any tricks. Let's briefly talk about my experience.

Banks issue credit cards for consumption, so as long as they accept credit card payment, they all use credit cards, which can increase the amount of credit, avoid annual fees and earn points.

In the past, after I used my credit card for a period of time, the bank told me to withdraw the amount. I thought it was useless and gave up. As a result, I was in trouble when I wanted to mention it later. I applied for it several times in half a year before I raised 2 thousand yuan, so don't miss the opportunity he gave you.

Credit card repayment is more convenient now, but you must set up an automatic repayment method, in case you forget it, it will not become a breach of promise. Once I forgot to return it, so I should contact customer service quickly, so as to have a time-sensitive service, otherwise it would be in the credit record.

the interest-free period of credit cards is generally about 2-51 days, from the date of the last bill to the repayment date of the next month. For example, my billing date is the 2nd of each month, and the repayment date is the 22nd of each month. If I spend money on January 3rd, I will repay it on February 22nd. The interest-free period after the bill is the longest, so I usually recharge my gas card with a credit card before the 1th of each month.

if you have no money to repay the credit card on the repayment date, you can use the credit card to repay. The premise is that your credit card limit is enough. For example, I have to repay 8, yuan on the 22nd, but my salary hasn't been paid yet. If I don't want to borrow money, I will swipe another 8, yuan virtual shopping with my credit card before the 22nd, and then I will return it. I will return the 8, yuan to my credit card and pay back last month's bill. (For emergency use, don't brush the bill maliciously)

Take the credit card in hand.