Will there be any charges when using a credit card?

Under normal circumstances, credit cards will not deduct money for no reason. After all, they are all officially issued by banks. If a customer's credit card is charged by the card-issuing bank and the customer does not know what the charge is, he or she can call the customer service staff of the card-issuing bank. It is possible that the annual fee will be deducted, and the customer will just need to pay back the loan on time.

If it is not an annual fee, check to see if the money is deducted for any services you have opened. Or is it because after credit card consumption or cash withdrawal, the bill was not paid off on time, resulting in interest, and because the credit card signed an automatic deduction agreement, the bank automatically deducted the money from the card.

Customers are advised to check whether the card has been stolen by others. If there is a risk of fraudulent use, you must quickly lock the account, contact the bank for processing, and check recent transaction details to see which merchant the card was fraudulently used. And if the bank deducts money repeatedly or deducts it incorrectly, the bank will refund the wrongly deducted money after the customer reports the problem.

What is a credit card?

Credit card (English: creditcard) is also called a credit card. It is a non-cash transaction payment method and a simple credit service.

A credit card is generally a special carrier plastic card with consumer credit that is 85.60 mm long, 53.98 mm wide, and 1 mm thick. It is issued by the bank to individuals and organizations, and can be used to shop, consume, and deposit and withdraw cash from the bank. It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front and a magnetic card on the back. strip, signature strip.

Credit cards are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when making purchases with the credit card, and repayment will be made on the billing date (English: billing date).

On April 15, 2016, the central bank issued the "Notice of the People's Bank of China on Matters Related to Credit Card Business", canceling late payment fees on credit cards, introducing liquidated damages, and prohibiting over-limit fees. The new regulations were implemented in January 2017 It will be officially implemented on the 1st.

The debit card is an ordinary savings card. The account attribute is a current deposit account, which can be used for consumption, ATM deposits and withdrawals, etc.; the credit card can be used for consumption, ATM deposits and withdrawals, etc. The biggest advantage is that it can Overdraft (with a certain credit limit)

Generally, bank cards are divided into two types: credit cards and debit cards.

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.

Debit cards are divided into transfer 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. A stored-value card is a prepaid wallet-style debit card in which the bank transfers funds to the card for storage at the request of the cardholder and directly deducts funds from the card during transactions.

Does the credit card have to be deducted even if it is not used?

Look at the specific charging standards of the card. Some fees will be incurred even if the card is not used, such as SMS service fees (if activated) , card production cost, annual fee, etc.

Are there no deductions after the credit card is activated?

Once the credit card is activated, an annual fee will be incurred, so a deduction will be required.

You need to meet the conditions for swiping the card to be exempted from the annual fee. For example, the annual fee for the Gold Card is 160 yuan/card. You only need to use 3 transactions without limit on the amount and location in each card year to be exempted from the annual fee. fee; the annual fee for Platinum Credit Card is 580 yuan/card. In each card-holding year, you only need to use it for 10 times regardless of the amount and location to be exempt from the annual fee for that year. However, not all card types can use the number of card transactions to waive the annual fee. .

For example, take the China Construction Bank car card. This card has some exclusive car benefits, such as free roadside assistance, redeeming points for fuel, discounted car washes, etc. The annual fee is 200 yuan/card. The annual fee will be charged on the first billing day after the card is activated, so the key depends on what type of card the owner applies for.

Novices must pay special attention to the following points when using credit cards:

(1) If the card issuer offers a special discount for the first year to attract consumers to apply for a credit card, special attention must be paid to it. The offers in these promotions are usually short-term. Don’t be fooled by the moment. When choosing a credit card, you still have to give priority to long-term benefits.

(2) Avoid applying for more cards than you can afford. Evaluate your spending habits, needs, and financial situation before deciding which credit cards to choose.

(3) You must sign the new card immediately when you receive it, and cut the old card into pieces to avoid unauthorized use.

(4) You must keep your credit card safe and report the loss immediately if it is lost.

(5) Regardless of credit card or debit card, you must maintain a good credit record.

(6) Cash advance is convenient, but it comes at a high cost.

(7) Using revolving credit can help you manage your finances, but please note: Revolving credit is a type of credit loan that allows you to repay the entire consumption amount at once within the payment period. A portion of the amount is paid before the payment deadline, but interest must be paid additionally for revolving credit.

Do I need to pay a fee for a credit card?

Under normal circumstances, it does not cost money to apply for a credit card, and there is no handling fee. Under normal circumstances, the fee that may be incurred after a user successfully applies for a credit card is the annual fee of the credit card. The annual fee of the credit card is directly deducted from the credit limit of the credit card. The cardholder does not need to make additional payments, as long as the repayment is made on time.

How to use credit card:

1. Activate the credit card. After successfully applying for the credit card, it can only be used after activation.

2. Consumption or cash withdrawal: Once the credit card is activated, it can be used for consumption. It can be bound to Alipay, WeChat and other software for consumption payment, or it can be swiped at merchants for consumption. If you need cash urgently, you can also withdraw cash through bank counters or ATMs.

3. Repayment: Return the arrears after consumption and cash withdrawal as scheduled to avoid affecting future consumption.

Notes on using credit cards:

1. Repay on time: If the debt is not paid off on time, it will affect your credit record, and you will also be charged penalty for delay.

2. Consumption diversification: You can swipe your card for consumption in places you don’t use, such as restaurants, shopping malls, etc.

3. Don’t swipe your card at intervals that are too short: the frequency of swiping your card should not be too frequent. If the card swiping action is abnormal, it will be easy for the bank to carry out risk control.

Disadvantages of credit cards:

1. Credit cards can easily lead to over-consumption. This is a common problem among people who are in credit card debt. It is painful to swipe a card without paying money, so they spend even more uncontrollably by swiping the card.

2. The annual interest rate of credit cards is as high as 18%, which is +++ and can make borrowers lose money quickly.

3. Credit card debt brings mental stress. Some card slaves report that they are often afraid to open their mailbox or mail.

4. If your credit is not good, the cost of borrowing money will be higher, or you may even be unable to borrow money.

5. Credit cards provide a choice of using debt to support debts or drinking poison to quench thirst, causing debts to get out of control.

Don’t blindly pursue high limits. Many people are looking for credit card limits. In fact, the credit card limit only needs to be enough for your monthly use. If the limit is too high, it will sometimes increase your consumption. If you lose the card, there will be security risks; your monthly limit will be Consumption has nothing to do with your credit card limit. Strictly speaking, it should depend on your income level. Don’t spend blindly just because your credit card limit is high.

Don’t overdraft. Overdraft requires a handling fee. If your overdraft is 10,000, the handling fee is 100. Adding interest is 150. This is an annual interest rate of up to 30%! Two cards are most suitable, and it is best to bind them to a savings card for repayment. If you have too many cards, it is easy to forget to repay the money, and you may also have a bad credit record if you are not careful. In short, a credit card is a payment tool, not an investment tool. The key is how we use the credit card and how it can bring us more benefits.

I would like to ask if money will be deducted every month after the credit card is opened

Most credit cards do not deduct annual fees in the first year after they are opened, and the annual fee is charged six times in the first year. Then the service fee for the second year will not be deducted. If the credit card is not used, there will be no consumption debt, no interest will be charged, and no other fees other than the annual fee will be charged.

Extended information:

If your credit card is not activated after receipt, or the number of card swipes after activation does not meet the bank's requirements, the bank will charge a specified amount of annual fees after one year. The annual fee will be included in the bill. If you cannot repay it on time, the bank will treat you as unpaid in each bill before you repay the annual fee, and report it to the People's Bank of China's personal credit system. Once it is in the personal credit system Having a bad record will affect your ability to apply for loans or credit cards from all financial institutions within the next two years.

So, if you apply for a credit card and don’t use it, annual fees will be deducted. If you don’t pay attention to it, it may form an overdue record, which may eventually affect your credit report. What's the best way to deal with a credit card after it's no longer in use? If you don't want to use the card and don't want to incur any fees, the only way is to call your bank and the bank will cancel the card for you. After cancellation, the card will no longer have any fees.

If you tell the bank that you have lost your credit card, the bank will not waive your annual fee, and will also require you to report the loss of your credit card, and you will be charged for reporting the loss. If you want to continue using it, it's very simple. As long as you swipe the card the number of times specified by the bank, there will be no annual fee next year.

Many people throw them aside after opening a credit card due to carelessness, resulting in the accumulation of annual fees and overdue personal accounts. Therefore, I would like to emphasize here that you must not apply for a credit card at will. Once the application is successful, To use it well, make sure there are no arrears or balances before canceling after no use.

There is also a 45-day period for canceling a credit card. Do not use the credit card again during this period. Otherwise, if the credit card generates a debt during this period, it will be recorded on the personal credit report.

This is the end of the annual introduction on whether credit cards will charge money and whether credit cards will charge money. Have you found the information you need?