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.
Be sure to pay attention to these points when using a credit card for the first time
How to use a credit card for the first time? Received many similar questions. For the fast-paced lifestyle, using credit cards is undoubtedly an extremely important way of consumption. Today, I will tell you new card friends how to use a credit card for the first time from two aspects: usage methods and precautions.
How to use credit card for the first time
1. Swipe the card at POS machine. Swiping your card on a POS machine is the most common way to use a credit card, and it is a way of swiping your card online;
2. Take the card with the RFID machine. Slapping the card on an RFID machine is a new way of using credit cards, and it is also a type of networking method;
3. Manual order pressing. Orders are pressed manually by staff.
4. Online payment. After entering the relevant credit card information, enter the verification code randomly generated by the web page, etc., and click submit to complete the payment;
5. TV and phone transactions. Similar to online payment, credit card information is required.
How to use a credit card for the first time? In addition to knowing how to swipe the card, you also need to know the precautions for using the card.
Things to note when using a credit card for the first time
1. Check the card receipt. Check whether the credit card information, name, title, and validity period are correct, and whether the letter is complete;
2. Sign in time. After receiving the card, immediately sign the same name as on the application form on the signature strip on the back of the credit card;
3. Change the password. After receiving the card password letter, it is recommended to change the initial password of the credit card as soon as possible to ensure the security of the funds in the card.
These three points are very critical in the process of using a credit card for the first time. They will not only affect the efficiency and time of swiping the card, but also It may also have a great impact on the security of future credit card use. Click on the credit card application channel. I believe that after cardholders understand how to use a credit card for the first time, using the card rationally and safely will not be a problem.
How to use a credit card for the first time
What is the first time to use a credit card? Let’s talk about this topic with everyone
01
First of all, the first thing you have to do when you get the card is to activate it. You can’t proceed without activating the card. For consumption, you can activate it by phone through customer service, or you can activate it at the counter.
02
After activating the card, you can bind your mobile phone to the official account of the bank where the credit card is located, such as Industrial and Commercial Bank of China. In this way, you can know your limit and consumption status anytime and anywhere.
03
When you enter a store to make a credit card purchase, you generally need to enter a password. However, if you do not set a password when you activate it for the first time, you can directly swipe the card.
04
Finally, in addition to spending in physical stores, you can bind it to major online marketing platforms. Of course, WeChat and Alipay both support credit card repayment business, and you can bind it directly to them. , so that your overdraft money can be returned through this platform.
That’s it for the introduction of how to use a credit card for the first time.