Do UnionPay cards include credit cards?

Question 1: Is a UnionPay card a credit card? A UnionPay card is not a credit card. A credit card has 16 digits, a group of 4, and the pinyin for you is in the lower left corner of the card. The name, its main function is that it can overdraft

UnionPay is a card organization, and the cards we apply for in China all have the UnionPay logo

UnionPay only represents one card Organization, if you go to the United States UnionPay card, it will not work

Question 2: What is the difference between a credit card and a UnionPay card? Difference: UnionPay cards require money in the card to swipe and withdraw money. If there is no money on the credit card, you can overdraft or swipe the card, and then pay the money back within the specified number of days. That is, you spend money first and then put the money on the credit card.

Most banks’ Gong Jin cards are priced at RMB 10,000-50,000, while ordinary cards are priced at RMB 1,000-10,000.

Question 3: What is the difference between a credit card and a UnionPay card? With a credit card, you consume first and repay later. UnionPay cards require deposits first and then consumption.

Question 4: Is the Industrial and Commercial Bank of China UnionPay card a credit card? UnionPay cards are bank cards approved by the People's Bank of China and comply with various requirements and standards of the People's Bank of China. They include both debit cards and credit cards (i.e. credit cards). Most banks handle this business and are marked on the front of the bank card. UnionPay logo, this type of card can be used for self-service withdrawals at all bank ATMs marked with the UnionPay logo, which greatly facilitates consumers holding bank cards from different banks.

Question 5: VISA card and What is the difference between UnionPay cards? VISA Card International Organization is a credit card organization composed of international bank members. It has no shares and is a non-profit organization. Headquartered in San Francisco, California, USA. VISA helps members develop various VISA payment instruments (also known as credit cards) and traveler's check business; provides members with various VISA products and services; helps members make profits by using VISA products and services; reduces members' repeated investment in the Internet and provides Automatic "cashless" payment tools and systems for members, consumers and authorized merchants

Visa is not just synonymous with payment cards or credit products. Products and services branded with Visa represent the safest, most convenient and most reliable payment method, allowing consumers to conduct transactions at any time, anywhere and in any way. Visa is committed to cooperating with the People's Bank of China and Chinese banks. Cooperate to ensure that China's payment industry will effectively support the sustained and rapid economic development in the future. It is the kind of card that people often swipe in shopping malls, commonly known as bank cards/credit cards/debit cards.

UnionPay" cards are bank cards that comply with unified business specifications and technical standards and have the word "UnionPay" printed on them at designated locations. According to the relevant person in charge of the People's Bank of China, the "UnionPay" logo is printed on UnionPay bank cards must comply with the unified business specifications and technical standards stipulated by the People's Bank of China and be approved by the People's Bank of China.

The characteristics of UnionPay cards are: First, the red, green and blue colors are printed on the lower right side of the front of the card. The three-color "UnionPay" logo. Secondly, there is a holographic laser pattern above the "UnionPay" logo. Thirdly, the colorful words "UnionPay" are printed on the signature strip on the back of the credit card, and the writing cannot be erased. On the same day, UnionPay changed its logo, with the parallel arrangement of bank cards in three different colors of red, blue and green as the background, setting off the white "UnionPay" in English and "UnionPay" in Chinese. Compared with the old logo, the new UnionPay logo is more focused. The English word “UnionPay” has been added, and local elements such as the area and inclination of the three-color blocks have been slightly adjusted.

The purpose of the “UnionPay” logo is to provide various automatic teller machines (ATMs) and Point-of-sale terminals (POS) accept bank cards issued by various commercial banks and provide a unified identification mark so that bank cards issued by different banks can be used universally on ATMs and point-of-sale terminals with the "UnionPay" logo. Provide consumers with convenient, fast and safe financial services.

Question 6: Does UnionPay require a credit card? You can use Magic Card for credit card payment. Magic Card is connected to WeChat, Alipay and UnionPay Express

Question 7: The appearance of credit card and UnionPay card What's the difference? There is no conflict between credit cards and UnionPay cards. UnionPay is not a classification of credit cards. UnionPay, like Visa, is the name of an organization.

A UnionPay card means that the bank card has joined the UnionPay channel. Similar ones include Visa channels, MasterCard channels, JCB channels, etc.

So credit cards are not just Visa ones, credit cards with the UnionPay logo may also be credit cards

Some banks issue them Credit cards can use RMB and settlement at the same time, and there may be multiple channel marks on the card, such as UnionPay-MasterCard; UnionPay-Visa

Question 8: China Merchants Bank’s UnionPay standard credit card is different from UnionPay’s “and "What's the difference between cards?" Hello! The UnionPay standard credit card is a card with a single UnionPay logo and cannot be swiped at a machine with the VISA logo; the UnionPay He card is a themed card that promotes "harmony".

If you still have questions, it is recommended that you consult "Customer Service Online" forum.cmbchina/...ncmu=0, we will serve you wholeheartedly!

Question 9: What is the difference between visa and UnionPay on credit cards? 1. From a geographical perspective:

1. Visa is an international credit card organization. Visa is currently used in most countries around the world. All have their cooperative card-issuing banks and their own acquiring lines. Credit cards with the Visa mark can be used in most countries around the world, regardless of which country's bank the card is issued by. Visa is no exception in China. All credit card issuing banks are partners of Visa, and Visa also has its own acquiring line in China.

2. UnionPay is our own country’s bank card organization. UnionPay has also issued its own RMB single-currency credit card, which is universal within China and can be used at UnionPay POS machines and banknotes with the UnionPay logo outside China. It can also be used on mobile phones.

At present, UnionPay cards are used in Europe, South Africa, North America, Southeast Asia, Japan, South Korea and some countries in West Asia. Compared with using a VISA card, when using a UnionPay card to pay for third-party currencies other than RMB and US dollars, there is no need to pay a currency conversion fee of 1.5 to 2.

3. At present, domestic bank cards belong to different bank card organizations according to their starting numbers. Bank cards starting with "4" belong to the visa card organization, and cards starting with "62", "60", and " Cards starting with 9" belong to China UnionPay, while cards starting with "62" and "60" are UnionPay standard cards that comply with international standards and can be used abroad. This has also been China UnionPay's flagship card in recent years.

2. From the perspective of usage:

If you only consume domestically, UnionPay is the best choice, but if you often need to spend abroad, a VISA card is essential. of. In recent years, in order to cater to the needs of users, major banks have launched dual-currency cards, also known as UnionPay visa, so that users can use UnionPay channels for domestic consumption and visa channels when going abroad.

Is the credit card a UnionPay card?

A credit card cannot be said to be a UnionPay card. To be precise, not all credit cards are UnionPay cards. UnionPay is a card organization, and there is not only UnionPay as a card organization in the world. In addition to UnionPay, there are also MasterCard, VISA, American Express, JCB, and Diners Club. So credit cards also include MasterCard, VISA, American Express, JCB, and Diners Club

Credit cards, also called credit cards, are credit cards issued by commercial banks or credit card companies to consumers with qualified credit. prove. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards.

This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card.

This type of card can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., and are used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal organizations.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card.

The gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

Is the UnionPay card a credit card?

It is not a credit card. . UnionPay cards are bank cards approved by the People's Bank of China and comply with various requirements and standards of the People's Bank of China. They include both debit cards and credit cards (i.e. credit cards).

1. Debit card

Debit cards are divided into debit cards, special cards and stored-value cards according to different functions. Debit cards cannot be overdrawn. Debit cards have the functions of transferring money, depositing and withdrawing cash, and spending money. A special card is a debit card used in a specific area and for special purposes (referring to purposes other than department stores, restaurants, and entertainment industries). It has the functions of transferring funds, depositing and withdrawing cash.

2. Credit card

Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the card-issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and repay later.

A quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund as required by the bank. When the reserve fund is insufficient to pay, the cardholder can overdraw within the credit limit specified by the card-issuing bank.

Extended information:

The first six digits of a bank card are used to indicate the issuing bank or institution, called the issuing bank identification number (BankIdentificationNumber, abbreviated as BIN). According to the provisions of the ISO/IEC7812 document, the 9-prefix BIN number is assigned by a country's domestic standards organization and is not suitable for global use.

The "UnionPay" logo provides a unified identification mark for various automated teller machines (ATMs) and point-of-sale terminals (POS) to accept bank cards issued by commercial banks, so that banks issued by different banks can The card can be used in ATMs and point-of-sale terminals with the "UnionPay" logo, providing consumers with convenient, fast and safe financial services.