Ant Pass is a credit certificate from Alipay, not a physical credit card.
The main function of Ant Pass is to allow users to provide sufficient personal information to directly apply for credit cards and increase Huabei and Borrowing limits.
Alipay claims that using Sesame Pass can help you quickly provide information. You can apply for a credit card with your personal credit without filling out a form, and check into a hotel quickly without showing your ID card. At the same time, there is no need to worry about the intermediary leaking your personal information.
Activation conditions: Open the Sesame Credit module of Alipay. If your Sesame Credit score is greater than 500, you can apply to open the Sesame Pass.
Extended information
Zhima credit score (Zhima score for short) is based on the user’s data in various dimensions (covering financial lending, transfer payment, investment, shopping, etc.) with the user’s authorization. travel, accommodation, life, public welfare and other scenarios), using technologies such as cloud computing and machine learning.
Through logistic regression, decision tree, random forest and other model algorithms, the data of each dimension are comprehensively processed and evaluated, and the data is objectively analyzed in the five dimensions of user credit history, behavioral preferences, contract performance capabilities, identity characteristics, and personal relationships. Presents a comprehensive score of an individual's credit status.
The score range is 350 to 950. Continuous data tracking shows that the higher the Sesame score, the better the credit level, and the lower the probability of default in scenarios such as financial lending and life services. A higher Sesame score can help individuals obtain more efficient and better quality loans. Serve.
The composition of Sesame Credit Score:
1. Credit history: past credit account repayment records and credit account history;
2. Behavioral preferences: when shopping , preference and stability in payment, transfer, financial management and other activities;
3. Performance ability: stable economic sources and personal assets;
4. Identity traits: related to use Sufficiently rich and reliable basic personal information left during the service process;
5. Personal connections: the identity characteristics of friends and the degree of interaction with them.
Reference materials: Baidu Encyclopedia? Sesame Credit
Baidu Encyclopedia? Ant Financial Services Group