The additional cardholder must be a direct relative of the main cardholder and cannot be his/her name. When a cardholder uses a credit card to make large purchases, the card-issuing bank will pay the merchant a one-time payment for the goods (or services) purchased by the cardholder, and based on the cardholder's application, the consumption funds will be transferred to the cardholder's credit card account in installments. Deduction, a business in which cardholders repay according to the monthly credit amount.

In the past, credit card installments mainly included bill installments and single consumption installments. Banks usually charged corresponding handling fees based on the number of installments. Whether it is bill installment or single consumption installment, the premise is that consumption behavior occurs first, and then the bank sets the installment repayment of the credit loan generated. Extended information

Improper storage and handling of cards (expired/invalid credit cards are not destroyed, or lost cards are not immediately invalidated, etc.), and personal identity information is unintentionally stolen or defrauded. To avoid such problems, citizens should not easily provide personal identity information to others, and it is best not to entrust others to handle credit cards on their behalf.

The service staff overcharged the cardholder's credit card information during the purchase process, or stole his or her credit card information to make purchases at other merchants. This situation can happen whether it is a physical merchant or an online virtual merchant.

Baidu Encyclopedia-Credit Card