Can I swipe a credit card after it has just been activated?

After a credit card has just been activated, you can swipe it directly for consumption, but there are the following things you need to pay attention to:

1. Credit card activation You need to set a consumption password before you can use it. If you do not set a password when swiping your credit card, you only need to sign after paying. If you set it, use the password to pay.

If you choose to pay with a password, the security of your credit card is higher. When checking out after consumption, just enter the wrong password. If the payment can be made, it is a signed consumption without a password. If it fails, the password has been set successfully.

Because credit cards are generally sent to customers by registered mail, sometimes there will be some mailing errors. In order to prevent the credit card from falling into the hands of others and being used, the credit card needs to be activated with personal information before it can be used.

2. There are two ways to activate a credit card. One is to directly call the customer service number to activate, indicating that you have received the credit card and need to activate it, and then just tell the customer service your information.

Another way is to go to a bank branch to activate. Be sure to bring relevant documents to prove your identity. Remember to activate your credit card within the validity period and keep your credit card in good condition.

1. How to calculate credit card installment interest

When it comes to installment repayment, you must first understand its interest calculation mechanism. Strictly speaking, it is the calculation of handling fees. Different banks have certain differences in terms of the number of installments and the rates. Take China Merchants Bank as an example. The bills are available in 2, 3, 6, 10, 12, 18, 24 and 36 issues. Many people cannot afford to repay the money, so they think that the longer the installments, the better, and they only need to pay back a small part every month, but that is wrong.

Because although the installment handling fee is fixed every month, it changes according to the number of installments. The extra fees for 24 installments are much higher than those for 3 installments. Handling fee per period = application amount and handling fee rate per period. This rate is generally between 0% and 1.67%.

2. Can credit card installments be repaid in advance?

There are too many users who subconsciously go for long-term installments, which not only incurs more handling fees, but also makes consumption inconvenient. I originally owed 10,000 yuan and divided it into 10 installments. Let alone having the money to pay it back, the unpaid installments occupied the credit limit, making it inconvenient to swipe a credit card.

Therefore, many people have the intention of repaying their loans in advance, thinking that if they pay off their loans earlier, they can regain their freedom as soon as possible. But everyone must understand that once you apply for installment repayment, you cannot cancel it. And it’s not just how many installments you want to pay in advance. If you want to pay back part of it in advance and pay back the rest slowly, it’s not possible.

If you want to end the installment early, you not only have to apply for it yourself and customer service, but you also have to pay off all the remaining outstanding debts at once. This is one of the reasons why installment payments are not recommended.

How to use the credit card after activation? What should you pay attention to when swiping a card to sign?

After the credit card is successfully activated, you can directly swipe the card for consumption, or you can bind WeChat or Alipay and then choose credit card payment. When signing by swiping the card for consumption, pay attention to checking the consumption information. After confirming that it is correct, there will be no problem before signing.

How to use the credit card after it is opened

After the credit card is opened, you can swipe it and use it.

1: A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. 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.

2: Credit cards stipulated in the relevant laws of our country ("Interpretations of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, An electronic payment card with full or partial functions such as transfer settlement, cash deposit and withdrawal, etc.

On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard

Three: Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit before repaying; a quasi-credit card means that the cardholder deposits a certain amount of reserve fund as required, which is used as a reserve fund account. A quasi-credit card that can be overdrafted within the specified credit limit when the balance is insufficient to pay. The so-called credit card generally refers to a credit card only.

Four: Application

Applicants 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. To apply for a credit card, an individual 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.

Five: 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 its 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.

6: 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 Has the applicant's autograph.

How to use credit cards and precautions

1. How to use credit cards:

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. Consumption: After activation, you can swipe your card at the merchant's POS machine for consumption, or bind it to WeChat, Alipay and other software for online payment.

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

2. Things to note when using credit cards:

1. Be sure to understand the relevant terms in detail before and after applying for a card. The phenomenon of "applying a card but not opening it" is currently common, and according to the terms and conditions of most banks, even if the credit card is not activated, annual fees still need to be paid.

2. Remember to repay before the interest-free repayment period. (Note: Overdue interest will not be eligible)

3. Pay attention to the fraction of the balance when repaying, and make full repayment. Many consumers do not pay attention to the small amount when repaying, and do not repay in full, resulting in arrears. If there are historical arrears, consumers will no longer enjoy the interest-free repayment period.

4. There is a time limit for applying for a temporary increase in credit limit (usually 1 month, and can be increased to 120% of the credit limit). After the validity period expires, it will

automatically revert to adjustment. previous credit limit.

5. Do not use credit cards to withdraw cash. It is best to use it for consumption settlement.

6. Do not use non-credit cards to withdraw cash or settle accounts abroad. You should also use credit cards with caution for foreign consumption and domestic RMB repayment

, because this not only exposes you to the risk of exchange rate changes, but Bearing losses from exchange rate changes, and the card issuing bank has to charge related foreign exchange conversion fees, etc., and some also charge various fees from foreign agency banks, which is very costly.

7. After receiving the monthly credit card statement, you must pay the minimum repayment amount (usually 10% of the overdraft amount) during the repayment period.

How to use a credit card for the first time?

When you apply for a credit card for the first time, you must have many questions. How to use a credit card for the first time? What is the entire process of using a credit card, and what are your vital interests? Let me help you solve them one by one now.

1. Credit card activation

A credit card needs to be activated before it is used for the first time. It can only be used normally after activation. If you do not activate the card, the existence of the card is meaningless. of.

There are several ways to activate a credit card:

1. Activating at the outlet counter, you only need to bring your ID card and credit card.

2. When opening a card through online banking, if you have an online banking shield, you can also set a transaction withdrawal password.

3. For telephone voice self-service, you also need to provide the correct personal ID number to verify your identity; if there is an error when you enter the information, you will be redirected to manual card opening.

When setting a password, be careful not to use birthdays, ID numbers, simple numerical sequences, etc.

2. Consumption use

After the credit card is activated, you can use the card to make purchases normally. Banks will provide various preferential activities to guide you to use credit cards in the form of points, discounts, installments, promotions, etc. However, if you store your spare money in a credit card account, interest will not be calculated. A credit card is not a savings card and there is no deposit. interest rate.

3. Repayment

Credit cards will have a statement date and a repayment date, which are usually marked in the registered letter mailed to the credit card. Friends who use credit cards must remember to repay on time. You can only make repayments after the statement date and before the end of the repayment date. If you repay the loan before the repayment date, you don’t need to pay interest.

4. Interest and late payment fees

Most banks charge full interest, and the principle is that the daily interest rate is 0.5%. If you fail to repay after the repayment date, the bank will calculate interest or late fees for your overdue repayment, which means that the cardholder will need to bear certain additional fees if the repayment is not made in time.

5. Annual fee

Almost all bank credit cards charge annual fees, which range from dozens to thousands of yuan. The higher the tier of the card, the higher the annual fee charged.

Nowadays, the credit card market is highly competitive. In order to attract customers and encourage consumers to use their cards, most banks will offer many annual fee reduction and exemption activities. For specific discounts and reductions, you can check the official websites of major banks' credit cards.

6. Installment

Credit card installment business is also a service provided by banks for people who have large consumption overdrafts and are unable to pay off their bills within a short period of time. Credit card installments have a certain interest-free period, but there are actually handling fees charged. Once you apply for installments, the handling fees must be charged in full.

7. Cash withdrawal fees

Many credit card users will withdraw cash by credit card because their cash needs cannot be met. Cash withdrawals are different from credit card purchases. Handling fees are required, and the credit card cash withdrawal limit is also limited. Generally, it cannot exceed 10% of the credit limit, and the handling fees are relatively high.

Be sure to understand the above precautions before using a credit card for the first time, especially repaying the loan on time. Once a serious credit overdue occurs, the impact on the future will be indelible.

This is the end of the introduction about how to use a credit card after activating it and how to use it after activating a credit card. I wonder if you have found the information you need?