What does it mean to have two credit cards?

One possibility is that the credit card you applied for is a set card, that is, a UnionPay card and a foreign currency card. UnionPay cards are suitable for domestic use. Use, foreign currency cards are suitable for use abroad. If the foreign currency card is of little use, you can choose to activate only the UnionPay card.

Another possibility is a main card and a supplementary card. The main card is used by the applicant himself, and the supplementary card is used by the immediate family members of the main cardholder. If you accidentally check the supplementary card option when applying for a credit card, you may have two cards, the primary card and the supplementary card, when you get the card. The supplementary card also has a limit. The supplementary card limit can be freely specified, but it cannot exceed the main card limit.

UnionPay cards refer to bank cards that comply with unified business specifications and technical standards and have the word "UnionPay" printed on them at designated locations. Most of them start with "62". According to the relevant person in charge of the People's Bank of China, bank cards with the "UnionPay" logo 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 purpose of launching the "UnionPay" logo is to:

Provide a way for various automated teller machines (ATMs) and point-of-sale terminals (POS) to accept bank cards issued by commercial banks. 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, providing consumers with convenient, fast and safe financial services.

The characteristics of UnionPay cards are:

First, there is a red, blue and green "UnionPay" logo printed on the lower right side of the front of the card.

The second is that there is a holographic laser pattern above the "UnionPay" logo on the credit card.

Third, the signature strip on the back of the credit card has the words "UnionPay" printed in color, and the writing cannot be erased.

For cash withdrawals abroad with UnionPay RMB cards in China, in addition to the daily limit of the equivalent of RMB 10,000 per card, an annual limit is added.

For credit cards, due to credit limit and other reasons, the card-issuing bank may set a separate limit. Please consult the card-issuing bank for details. Various overseas countries and regions also have different limits on the amount of a single ATM withdrawal. Please refer to the instructions of the local machine for details.

Generally, credit card operators are mostly institutions in countries with freely convertible currencies, so in such countries, there is no difference between foreign currency cards and local currency cards; in most developing countries, many The national currency is not freely convertible. Therefore, even if a credit card using this currency as the settlement currency joins an international credit card organization, it can only issue regional cards and cannot be used internationally. To this end, card issuers must use a freely convertible currency, that is, an internationally accepted currency, as the settlement currency for their international cards, so as to achieve the purpose of issuing internationally accepted credit cards. This is the so-called foreign currency card.

Why were I given two credit cards when I applied for them? The reason is this.

When we apply for a credit card, we usually apply for one credit card and receive one, but we also encounter situations where we only apply for one credit card, but the bank gives two. Many people don’t know what’s going on, and some even think that the bank gave them the wrong credit card. Let’s find out more.

Why were I given two credit cards when I applied for them?

In this case, you are applying for a set of cards. Although you are given two credit cards, the card organizations are different. It is usually a UnionPay credit card paired with a VISA card or MasterCard. The bank does this to make it easier for everyone to use the card. Since the cancellation of multi-currency credit cards, many people have to apply for a VISA card/MasterCard separately if they have overseas needs.

If you apply for a set of cards, you don’t have to be so troublesome. Once you apply, you can get cards from two different organizations. Use UnionPay cards for domestic consumption, and use foreign currency cards for consumption abroad. And the cards from different organizations Card benefits and benefits are different.

However, although the bank has given two cards, it does not require everyone to activate them. It mainly depends on their own needs. If you have overseas needs, you can activate both cards. If you only frequently swipe cards domestically, Foreign currency cards can be temporarily inactivated.

Some friends are also worried about activating both cards, but if the foreign currency card is not used frequently, annual fees will be incurred. In fact, although many card sets have different card organizations, they generally only charge annual fees for UnionPay cards, and foreign currency cards are free of annual fees during their validity period.

Of course, if you feel that your foreign currency card is really useless and you are afraid of the risk of fraud, you can cancel the card. There are two ways to cancel it. You can directly call the card issuing bank to cancel it, or you can go to the bank in person. Cancellation at the counter of a bank outlet is usually calculated from the date of cancellation. If there is no balance or arrears, the cancellation will be successful on the 46th day.

Why are there two credit cards (debit cards)?

When the user applied for a credit card (credit card), the bank issued two cards because the user applied for a set of cards. When a user applies for a dual-currency card, the bank will issue two cards to the user, usually one UnionPay card and the other a foreign currency card. The two card limits are exclusive, and foreign currency cards cannot be used in many places in China, so you need to use UnionPay cards in China.

Two cards are issued together. The foreign currency card is usually a platinum card, and the foreign currency card has no annual fee.

Why are there two cards when applying for one credit card?

The user applied for a credit card but received two cards. This is because some cards have an issuance mode of 11 and a card organization of 2 cards. Usually it's different.

For example, a user applies for a MasterCard credit card, but in order to facilitate the user's domestic consumption, a UnionPay credit card will also be sent to the user. Or if the user directly applies for a set of cards, he or she can get two credit cards from different card organizations at one time.

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.

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 contract for using the credit card. 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 an application A person's autograph.

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.

The specific factors and processes reviewed by the card issuing bank are commercial secrets and are generally difficult for outsiders to understand. The standards of each card-issuing bank are also different. Therefore, the same materials may be issued with different credit limits and different types of credit cards in different banks. Some banks may even approve the application, while others may reject it. .

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. The card opening process 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. After accepting a credit card, a credit card merchant or bank must review the validity of the credit card and the identity of the cardholder.

That’s it for the introduction of why there are two credit cards.