What is a digital credit card?

Digital credit card is a credit card product launched by the bank. Different from ordinary physical credit cards, digital credit card is a new type of credit card innovatively launched by the bank. A digital credit card does not have a physical card. It is essentially a virtual card, consisting of virtual++, security code, validity period and other information.

In short, a digital credit card is a virtual credit card with no physical entity, but it can be used to make purchases like an ordinary credit card using mobile payment tools.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies 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.

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 CreditCard. 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 bill 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 Concerning the Trial of Bank Card Civil Cases".

What number does Bank of China Credit Card++ begin with?

Different card organizations ++ are different. Generally, the VISA organization starts with 4, the MasterCard organization starts with 5, and the UnionPay organization starts with 62. Please refer to the card display for details.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.

How many ++ digits are there in a credit card?

According to international standards, the ++ digit length of a credit card is between 13 and 19 digits. The number of ++ digits may be different in each region. of. Taking our country as an example, generally speaking, most credit cards are 16-digit. Among them, digits 1-6 represent the credit card issuing bank; digits 7-12 are the serial number of the user's card; digit 13 can distinguish the primary card from the secondary card, the number 0 is the primary card, and the number 1-9 is the secondary card; the 14th digit Represents the date the card statement was issued; the 15th digit represents the card number; the 16th digit is the verification code.

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

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, the bank 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. .

What is the number behind the credit card?

The number behind the credit card is the credit card security code.

Credit card security code is a security code for credit cards when conducting online or telephone transactions. It is usually a 3 or 4-digit number printed on the credit card, and the location of the printing will vary on different types of cards. It is often used to prevent credit card fraud by verifying that the payer owned the credit card at the time of the transaction.

The main purpose of the credit card security code

The credit card security code is equivalent to the credit card's ID card. We can use this code to conduct consumer transactions. Shopping on overseas websites does not require a password. As long as the buyer provides an account number and security code, the transaction can be completed. In China, there are also merchants that have signed contracts with banks to complete phone transfers without a credit card password and only with a security code.

So everyone must keep their credit cards safe and keep them out of their sight when making purchases to avoid others remembering your credit card account number and security code.

Extended information

You cannot tell others the last three digits of your credit card easily

In the context of China becoming the second largest economy in the world, the number of Chinese people applying for credit cards , it is common for those who go abroad to spend money. However, when many people return home from vacation, they receive a text message like a fly: You just spent XX yuan with your card in a certain country. This often takes away the mental pleasure of saving money when shopping overseas.

Stuck in the pocket, people have returned home, but overseas consumption has occurred. This situation does not only occur to people who have been to "Southeast Asia", even if they have swiped their cards in the "relatively safe" United States, some people's credit cards have been stolen. What's more, some people have never left the country, and their credit cards were swiped in a country tens of thousands of kilometers away.

Although there are no authoritative statistics, the number of Chinese credit cards being stolen overseas every year must be massive. Baidu searches for "overseas credit card fraud" and there are more than 2 million related content. The Tieba forum Weibo was filled with all kinds of complaints, so much so that an insurance company launched “credit card fraud insurance” at the right time.

The convenience and speed of swiping a credit card, the trouble and time-consuming process of ++ credit card fraud, and the huge gap that only needs to be experienced once are enough to make people want to give up on credit cards. How to prevent fraudulent transactions has become a required course for cardholders. Based on many cases, it has been found that credit cards have been stolen overseas due to factors such as the thief's "smartness", the bank's failure to inform the bank, and the cardholder's insufficient knowledge of credit card expertise.

Media reported that an online shopper received a refund reminder from the seller and was asked to provide: credit card++, expiration date, and the three numbers on the back of the card (the last three digits). Not long after sending the above information, he received a text message prompting him to use his credit card for overseas purchases.

Generally speaking, when using a credit card in China, you need to enter a password, and the "last three digits" are almost never used. However, when shopping abroad or on overseas websites, you must have ++, validity period, and the last three digits to generate a transaction. . The "last three codes" cannot be disclosed to others, otherwise they will be easily "cloned" and stolen. Many people do not understand this common sense.

With the “magic heights rising,” new cases of fraudulent fraud will continue to appear, which requires banks to improve their anti-theft skills and inform users in a timely manner. At present, when making bank remittances, we are familiar with the voice prompts to prevent ++, but the informative tips on preventing credit card theft are still not in place - a friend has multiple credit cards from multiple banks and almost never receives a message from the bank. Active prompt.

Reference material: ifeng.com - The last three digits of a credit card cannot be easily disclosed to others

Reference material: Baidu Encyclopedia - Credit card security code

About credit card numbers and credit card numbers This ends the introduction of the card. Have you found the information you need?