Two, the style of the credit card is a card with the name of the issuer, the expiration date, the number and the name of the cardholder printed on the front. 1 Consumers with credit cards can shop or spend in specialized commercial service departments, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.
Third, the earliest credit card appeared at the end of 19. In 1980s, the so-called credit card was developed in British clothing industry, followed by tourism and business sector. But at that time, the card could only borrow short-term commercial credit, and the money had to be repaid as needed, so there was no long-term default and no credit line. In 1950s, McNamara, a credit expert in Manhattan, USA, ate in a restaurant. Because he didn't bring enough money, he had to ask his wife to send it. This made him feel embarrassed, so he organized "DinersClub". Members can take their meal cards to the designated 27 restaurants for meals without paying cash. This is the earliest credit card. Franklin National Bank was the first bank to issue credit cards, and other American banks followed suit.
It is said that one day, Frank McNamara, an American businessman, entertained guests in a hotel in new york. After supper, he found that he had forgotten his wallet. He was so embarrassed that he had to ask his wife to bring cash to the hotel to settle the bill. So McNamara came up with the idea of creating a credit card company. 1950 In the spring, McNamara and his friend Schneider invested 1000 dollars to set up DinersClub in new york, which was the predecessor of Diners Credit Card Company. Come to the club to provide members with a card that can prove their identity and ability to pay, and members can use the card to keep accounts and spend money. This kind of credit card that does not need to be handled by a bank is still a commercial credit card.
Another way of saying credit card is that credit card is a non-cash transaction payment method and a simple credit service. Credit cards are generally plastic cards with a length of 85.60mm, a width of 53.98mm and a thickness of 1mm, which are issued to cardholders by banks or credit card companies according to the credit and financial situation of users. Cardholders do not pay cash by credit card, but make repayment on the checkout date. Except for some credit cards combined with financial cards, credit cards are different from debit cards and ATM cards, and credit cards will not directly deduct money from users' accounts. 20 12 February, the bank confirmed that the credit card is safer without password, and if it is stolen, it will share the responsibility with the bank. Enjoy an interest-free period of 25-56 days (or 20-50 days). Credit card consumption enjoys an interest-free period, and the bill amount is paid off before the due repayment date, without any cost. There is no interest-free repayment period for withdrawals. From the date of cash withdrawal, the bank will charge five thousandths of interest every day, and the bank will also charge a certain percentage of cash withdrawal fees.