How to spend with a credit card

1. Spend with a card in a physical store. Generally, all merchants marked with "UnionPay", "VISA" and other logos support credit card payments.

2. Bind Alipay or WeChat for consumption. When making purchases in shopping malls or other places, you can use Alipay or WeChat payment.

3. Online consumption.

In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old in mainland China) and have certain direct financial resources can apply for a credit card from the card issuing bank. Sometimes, legal persons can also serve as applicants

Those who apply for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed.

Individuals applying for credit cards must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.

After receiving the application form and relevant materials from the applicant, the card-issuing bank must review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. For the applicant, the creditworthiness of the applicant must be assessed. For individuals, the relevant circumstances of the guarantor must also be reviewed.

Usually, banks will judge whether to issue a credit card to the applicant based on the application information and various aspects of the applicant's information and financial situation. Factors considered include the applicant's past credit record, the applicant's known assets, professional characteristics, etc.

After the applicant successfully applies for a credit card, the card-issuing bank will open a separate credit card account for the cardholder at the card-issuing bank for settlement after shopping, consumption and cash withdrawal.

Since the card is sent by mail after the credit card application is approved, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched. Card opening is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed.

At this point the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card.

What are the credit card payment methods?

Currently, the main payment methods for credit cards on the market include POS machine payment, third-party binding payment, UnionPay quick payment, and mobile payment.

1. Pay by swiping the card at the POS machine

This traditional credit card consumption method allows you to complete the payment by swiping the card through the POS machine, entering the password and signature. This type of payment is generally completed through UnionPay centers. The hand-swipe machines currently on the market are also traditional POS machine channels.

2. Third-party binding payment

This method is now the most popular. It binds credit cards to third-party payment platforms and completes payment settlement by scanning QR codes. Nowadays, payment methods such as WeChat and Alipay are used more frequently, and third-party channels are used.

3. UnionPay Quick Payment

Unlike online payment, UnionPay Quick Payment does not need to be bound to any platform. You only need to enter your credit card, account name, mobile phone number, and security on the payment page. code and other new information, and then send a dynamic password. If you enter it correctly, you can pay successfully. This is usually done through the UnionPay channel.

4. Mobile payment

Currently, mobile payment is also a relatively popular method. Currently, Applepay, Huawei pay, Xiaomi pay, etc. are available. Taking Applepay as an example, the credit card is first bound to the mobile phone. When the user makes a purchase, the mobile phone and Cloud Quick Pass function are turned on, and payment is made through NFC at POS terminals and other terminals.

How to use credit cards

Credit cards are usually used in POS machine swiping, RFID machine shooting and online payment.

1. Swipe cards at POS machines.

Swiping cards at POS machines is the most common way to use credit cards, and it is a way of swiping cards online. When swiping a card, the operator should first check the credit card's validity period and cardholder's last name and other information.

Then, select the corresponding POS machine according to the card issuing bank and the currency type to be paid, and slide the magnetic stripe of the magnetic stripe credit card on the POS machine, or insert the chip credit card into the card slot to connect to the bank, etc. To make a payment, enter the appropriate amount.

2. RFID machine taps the card.

Tapping the card on the RFID machine is a new type of credit card usage method, and it is also a networking method. When tapping a card, the operator should first check the credit card's validity period and cardholder's last name and other information.

Then, select the corresponding card machine according to the card issuing bank and the currency type to be paid, enter the corresponding amount, and place the credit card flatly no more than 10cm above the sensor.

3. Online payment,

From the perspective of cardholders, online payment is considered to be the riskiest among several credit card payment methods, because malicious people People may use phishing, eavesdropping on network information, fake payments, etc. to steal user information.

When paying online, you need to enter the credit card validity period, the Visa CVV2 code/MasterCard CVC2/UnionPay CVN2 number next to the signature column on the back of the card, and the online transaction password. Sometimes you need to enter your name and the one randomly generated by the web page. Verification code, etc.

Extended information:

Notes on the use of credit cards:

1. Overdue records due to annual fees,

Generally, card-issuing banks will not Jinpu Card will have an annual fee-free policy. If the annual fee is overdue, the bank will give the cardholder a grace period to complete the annual fee-free card payment requirements;

2. What to do if it is used fraudulently Overdue records generated by the card,

Due to insufficient information confidentiality, others have stolen documents and other information to apply for the card. Through appeal, the bank will generally eliminate the overdue record caused by this situation;

3. Confirm that the unpaid debt due to fraudulent transactions is overdue.

Once the fraudulent losses caused by non-person’s credit card consumption and the resulting overdue payment are verified, the bank will issue a certificate to assist the cardholder in eliminating the bad debts. Overdue records.