According to the user agreement, "White Card" is a credit card for white users in JD.COM, which is jointly provided by Suqian Teng Jun Information Technology Co., Ltd. (JD.COM White Card Operator) and the bank. JD.COM IOUs users can only apply for IOUs card service after opening and activating a credit card (the specific name of the credit card is subject to your actual application, referred to as "IOUs card").
The operation of JD.COM IOUs is expected to be similar to Alipay, and the credit services provided by banks and other financial institutions will be changed to "IOUs cards". According to "Notes on White Card Service" (hereinafter referred to as "Notes"), "White Card" is the credit card of JD.COM white card users, which is jointly provided by JD.COM white card operators and banks. After the user activates the white card, the original JD.COM white card trading account will be closed, and the transaction will be paid and settled by the white card. JD.COM Baitiao's unexpired business will continue to be handled by JD.COM Baitiao.
JD.COM Baitiao is the first Internet credit payment product launched by JD.COM. It conducts credit evaluation through big data and provides credit payment services for users with high credit rating and consumer demand. Providing a consumption experience of "consumption first, payment later, real-time approval and arbitrary installment" has established Jingdong Finance's leading brand position in the consumer finance industry.
JD.COM Baitiao allows users to enjoy the service of paying first and shopping in installments in JD.COM Mall, with the longest installment of 24, and the execution interest rate is lower than that of bank credit cards. It has opened up O2O(JD.COM to the home), global purchase and product crowdfunding in JD.COM system, and gradually covered the fields of renting, tourism, decoration, education and wedding in the later period, providing credit consumption services for more consumers.
In positioning, "JD. COM White Strip is a credit payment service for users with high credit rating and consumer demand through the credit evaluation of big data. Users can enjoy the service of paying first and shopping in installments in JD.COM Mall, with a maximum of 24 installments. Bills can also be repaid in installments, with the lowest repayment rate and lower execution rate than bank credit cards. Jingdong Finance Consumer Finance has opened more than 1 100 million users.