Operating environment:
Brand model: iPhone13
System version: iOS15.3
App version: v7.1.0
Take Agricultural Bank of China as an example:
Mobile Banking: Please log in to Agricultural Bank of China Mobile Banking, click Homepage→All→Credit Cards→Card Manager→Credit Cards that need to be activated→Card Opening Process.
In addition, there are domestic credit cards such as China Guangfa Bank that can be activated via mobile phone, but in many cases, you need to go to the counter to activate.
According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a credit card that records cardholder account information, has bank credit lines and overdraft functions, and provides cardholders with relevant banking services. All types of media.
Credit cards stipulated in the relevant laws of our country ("Interpretation 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, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. 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 Credit Card.
Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date.
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only.
Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).
On May 25, 2021, the Supreme People's Court issued and implemented the "Regulations of the Supreme People's Court on Several Issues in the Trial of Bank Card Civil Disputes".
Main Features:
Pre-deposit of cash is not encouraged, consumption first and repayment later, enjoys an interest-free repayment period, can be repaid in installments (with a minimum repayment amount), and join VISA , Master Card, JCB and other international credit card organizations so that it can be used globally.
It is one of the fastest growing financial services today and is an electronic currency that can replace traditional cash circulation to a certain extent.
Has both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using their credit cards.
It is a high-tech product integrating financial business and computer technology.
Can reduce the use of cash currency.
It can provide settlement services to facilitate shopping and consumption and enhance a sense of security.
It can simplify the collection procedures and save social labor.
It can promote product sales and stimulate social demand.