How long does it usually take for a credit card to be credited?

The credit card credit time varies depending on the specific business situation:

1. The credit time for a credit card swipe transaction is normally on the day of the card swipe transaction. It will be included in the credit card bill the next day;

2. There is currently no fixed time for credit card repayments to be credited. The specific time is related to the speed of each bank's internal system and the repayment method, such as: ICBC and China Merchants Bank deposits it into the account on the same day, while transportation deposits the next day. The normal deposit time for each bank varies from 1 to 2 days.

How to use credit cards

Swiping cards at POS machines

Swiping cards at POS machines is the most common way to use credit cards, and it is a way of swiping cards online. When swiping a card, the operator should first check the credit card's validity period and cardholder's last name and other information. Then, select the corresponding POS machine according to the card issuing bank and the currency type to be paid, and slide the magnetic stripe of the magnetic stripe credit card on the POS machine, or insert the chip credit card into the card slot, connect to the bank, etc. for payment, and enter the corresponding amount. After the remote payment accepts the information, the POS will print out a receipt for the card payment (at least two copies). The cardholder should sign the receipt after checking that the information on the payment receipt is correct. After the operator checks the signature on the receipt and the signature on the back of the credit card (including that the name completely matches and the handwriting basically matches), the operator gives the credit card and a copy of the card payment receipt to the cardholder. At this point, the card swiping procedure on the POS machine is completed.

RFID machine taps the card

Tapping the card on the RFID machine is a new type of credit card usage method, and it is also a networking method. When tapping a card, the operator should first check the credit card's validity period and cardholder's last name and other information. Then, select the corresponding card machine according to the card issuing bank and the currency type to be paid, enter the corresponding amount, and place the credit card flatly no more than 10cm above the sensor. The RFID machine will emit a signal after sensing the credit card, and then continue the operation process. After the remote payment accepts the information, the printer (if connected) will print out a receipt for tap-card payment, but unlike the previous method, the cardholder does not need to sign. For example The previous method is faster and more convenient. At this point, the card sensing program on the RFID machine is completed.

Manual order pressing

Manual order pressing is usually used when there is no POS machine or the Internet is not available. The order pressing operation must have a pressure-sensitive copy of the "direct purchase order" (at least two copies) and a telephone number. The inspection work before pressing the order is the same as that of POS machine. Then, the operator uses the credit card pressing device to print the name and name raised on the credit card onto the purchase form, and writes the amount, date and other information, and then calls the acquiring bank's authorization hotline to report the card information and apply for authorization. And write the authorization code obtained on the purchase form, and then the cardholder signs it after confirming it is correct. After the operator checks the signature, he hands the credit card and purchase order copy to the cardholder. At this point, the manual order pressing process is completed. Authorization calls are usually made immediately. In some areas with poor communication or good credit ethics, merchants may encounter situations where the merchant will deliver the goods to complete the transaction after pressing the customer's signature. The authorization will be completed in the future, but the merchant is at risk of encountering the credit card (if the customer pays with an invalid card, it will not be discovered immediately without applying for an authorization code immediately).

When will the amount arrive when the credit card is swiped?

The situation when the credit card is swiped will be different. In many banks, the amount will be credited to the account in real time after the card is swiped. For some banks, it takes 1 to 3 days for the payment to arrive. For specific arrival time, you can call the bank's customer service hotline for consultation. Generally, you can just wait patiently in normal times. If the payment is not received for a long time, the credit card may be failed.

Users must exercise restraint when using credit cards to make purchases, and do not exceed their personal affordability. After all, every penny spent using a credit card needs to be returned. Failure to return it on time will incur penalty interest and affect personal credit, which cardholders need to pay attention to.

When users have difficulty repaying their credit cards, it is best to use installment repayment or the minimum repayment amount, which can reduce the monthly repayment amount, but requires users to pay a certain fee.

Moreover, if you use the minimum repayment amount, you cannot enjoy the interest-free period. Interest will be calculated from the date of consumption until all outstanding debts are paid off.

Don’t pursue a high limit when applying for a credit card. When you first have a credit card, the limit is generally equal to your income; you must repay it on time during the use. Generally, the monthly consumption limit is not It’s fine if it’s more than half of your personal income, so you can ensure on-time monthly repayments.

How long does it usually take for the credit card to be credited?

If the cardholder uses the credit card after 11 pm, the credit will generally be credited within two days. Different POS machines have different regulations on the specific time. Currently, POS machine consumption can be credited on day t, which means the account will be credited on the same day, or it can be credited on day t, which means the credit will be credited the next day after the card is swiped. It should be noted that eleven o'clock is a sensitive time that banks are more concerned about. Most shops and places for consumption are closed at eleven o'clock. If users frequently swipe their cards at eleven o'clock in the evening, banks are likely to carry out risk control.

:

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 bank that records relevant information about the cardholder's account, has bank credit limit and overdraft functions, and is Various media that provide cardholders with related banking services.

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 billing date (BillingDate).

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 prescribed 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.”

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.

The earliest credit card appeared at the end of the 19th century. In the 1880s, the British clothing industry developed so-called credit cards, and the tourism and business sectors followed suit. However, the cards at that time could only be used for short-term commercial credit, and the money still had to be paid as and when used. Long-term arrears were not allowed, and there was no credit line.

When will the credit card arrive?

The fastest is one day.

1. After swiping your card, you can arrive in the fastest day. Whether it is a credit card or a debit card, there are two arrival methods after consumption at the POS: T 0 and T 1. The so-called T 0 means arrival on the same day of the transaction, and T 1 means arrival on the second day after the transaction on the same day. days to arrive, which will be postponed on weekends or holidays.

2. A credit card, also known as a credit card, is a credit certificate issued by a commercial bank or credit card company to qualified consumers. The form is a card with the issuer's name, validity period, quantity, cardholder's name, etc. Features cardholder and signature strip printed on the front and magnetic stripe. Consumers holding credit cards can purchase or spend money in special business service departments, and then banks will settle with merchants and cardholders. Cardholders can overdraw within a specified amount.

3. Credit cards stipulated in relevant Chinese laws (interpretation of the credit card provisions of the National People's Congress) refer to electronic financial payment cards issued by commercial banks or other financial institutions, which include all or part of the functions of consumer payment. , credit loan, transfer settlement, cash deposit and withdrawal, etc. On December 1, 2017, the English translation and writing standards in the field of public service were officially implemented, stipulating that the English name of the credit card standard is credit card.

:

1. Credit cards are usually special carrier plastic cards with a length of 85.60mm, a width of 53.98mm, and a thickness of 1mm. The issuer's name, expiration date, number and cardholder's name are printed on the front, and there is a chip, tape and signature strip on the back. Cardholders can use their credit cards to purchase from banks, spend money and store cash.

2. Credit card consumption is a non-cash transaction payment method. There is no need to pay cash during the consumption period, and repayments are made within the settlement date.

3. Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card, in which the cardholder has a certain credit limit and can be consumed before repaying within the credit limit; quasi-credit card refers to a quasi-credit card, in which the cardholder deposits a certain amount of small cash as needed, and When the balance in the petty cash account is insufficient for payment, an overdraft can be made within the specified credit limit. Credit card usually means credit card only.

4. The earliest credit card appeared at the end of the 19th century. In the 1980s, the British clothing industry developed the so-called credit card, travel and business sectors following this trend. However, at the time, the card could only be used for short-term business credit, and payments still had to be made at any time. It cannot be defaulted for a long time without a credit limit.

Hope it can help you.

How long does it take for the credit card to arrive?

There are only two situations when using a credit card, one is to swipe the card for consumption, and the other is to transfer money. Under normal circumstances, the credit card payment time is It's two minutes. Credit card consumption also has a certain relationship with the POS machine used to swipe the card. UnionPay card swiping machines usually only receive the payment the next day. Third-party card swiping machines are usually for special users with relatively large amounts, and the payment will be received within 3 days. If it is a credit card transfer, if the transfer place matches the account number provided, it will arrive within 24 hours. If it does not match or there are special circumstances, the agent bank will refund it within 24 hours.

1. The top ten "benefits" of credit cards

When we use credit cards, the bank actually advances it to the merchant first, that is, consumes it first and then repays it, and we have it on hand The cash can be used flexibly, for example, it can be placed in the bank to earn interest or invested in financial products such as funds and stocks, with at least one or two months of buffer time. Of course, you must be good at investing; otherwise, if you don’t have the money to repay when the repayment date comes, it will affect your personal creditworthiness.

1. Owe less favors

When you are in urgent need of cash to meet your urgent needs, if you are embarrassed to ask your relatives and friends, you can overdraft your credit card at this time. It's like interest, but compared to owing favors to others, I have to weigh what is more important.

2. Relatively safe

Try to swipe your card for consumption, so you can carry less cash with you - even if it is stolen or lost, the loss can be reduced. If cash is lost, the possibility of getting it back is slim; but credit cards are different. Even if they are stolen or lost, we can report the loss as soon as we find out. Even if your credit card is stolen without a password, it will be difficult to trace it. It's much easier - because every card swipe is recorded, not to mention, the bank will bear the losses 48 hours or even 72 hours before the loss is reported. In addition, if you spend cash, you may get counterfeit money at some point

3. Clean and hygienic

With large cash flow, you can imagine the bacteria on the coins, and The credit card has been touched by several cashiers besides you - even if the credit card is dirty, it can still be disinfected and cleaned.

4. Save money

Many banks’ credit cards have cooperation or promotions with merchants. For example, you can get cash back as much as you swipe the card, or you can go to a movie or eat out. There is a 20% or 50% discount on Western food.

In addition, credit card points can also be redeemed for some gifts in daily life, and there are even some lottery activities.

5. Convenience

If the credit card has the "VISA" or "MasterCard" logo, you can directly swipe the card for consumption abroad, while the debit card or cash must be exchanged first; in addition, It is also very convenient to use a credit card to book air tickets and hotels, make phone or online purchases, rent a car, etc., but a debit card may not have this advantage - because in addition to direct swiping, the credit card also has a "pre-authorization" function; and it does not exist. The embarrassment of changing change.

6. Relieve financial pressure

If there is a certain amount of financial pressure to pay a large amount of consumption at once, you can use a credit card to pay in installments and enjoy your favorite items in advance; although You need to pay a certain handling fee, but compared to the intangible value of being able to enjoy it for half a year or even a year in advance, I think it is worth it. Of course, you should spend within your means in advance.

7. Accumulate personal credit records

Using more credit cards and repaying them on time and in full can improve your credit limit and credibility. At the same time, the People's Bank of China's personal credit information database has Once you have a good credit record, it will be much easier to get approved for a loan to buy a house or a car in the future.

8. Apply for an additional card

If you apply for an additional card for your family, especially for your children, you will basically have a grasp of their financial status such as consumer spending, which will facilitate education. Children’s financial management and consumption awareness.

9. Convenient financial management

After the credit card statement date, we will receive a detailed consumption statement in the form of paper or email. From the statement, we can clearly understand our own expenses in the previous month. consumption and expenditure.

10. Additional benefits

Some credit cards also provide free accident insurance, medical insurance, towing and car washing, enjoy the services of banks or airport VIP lounges, and can also redeem points for flights and exchanges. Gas and other benefits.

2. Seven "disadvantages" of credit cards

The invention of credit cards did not have "disadvantages", but the "disadvantages" of credit cards were caused by the fact that some people who use them "don't know how to use them" , just like a knife, "good guys" use it to chop wood, but "bad guys" use it to kill people.

1. Blind consumption

Swiping a card is not like spending money one by one like paying with cash. Once you swipe it, you feel nothing, just a few numbers, which leads to blind consumption and spending money like this. Running water. However, can you be irrational about what you should buy and what you should not buy?

2. Excessive consumption

Laptop installment, digital camera installment, smartphone installment, while enjoying your favorite items in advance, you also have to consider when repaying the loan next month Is your salary just a drop in the bucket?

3. High interest rates

If you don’t know how to take care of your credit card and cannot repay as scheduled when the final payment date comes, the bank will charge a certain interest fee to avoid greater risks. I only have myself to blame.

4. Annual fees are required

Credit cards basically have annual fees, but they basically have annual fee-waiving policies. For example, China Construction Bank only needs to pay three times a year to waive the annual fee. ; On the contrary, the debit card has received small fund management fees since 2006, and it will cost ten or twenty yuan a year. If you apply for a credit card and you can't do it or don't know how to use it three or five times a year, then the bank should charge you an annual fee.

5. Fraudulent use

Credit cards are basically password-free by default. This makes it easy for others to use stolen money when it is lost or stolen, causing unnecessary trouble or loss; but in fact, credit cards can also apply for swiping purchases with passwords - it depends on how you manage your credit card.

6. Impact on personal credit record

Long-term malicious arrears will naturally affect personal credit record, and may even be blacklisted by banks. It will be difficult to obtain loans from banks to buy houses and cars in the future. ——But if you didn’t ask for it, it means you don’t know how to manage money yourself.

7. Repayment troubles

You have to go to the bank every month, which is often overcrowded; in fact, now as long as you have a savings card that opens online banking, you can do it for you through the Internet without leaving home. You can repay your credit card for free, such as through Kuaiqian and Tenpay.

Criminals take advantage of acquaintance relationships on social networks to make cardholders relax their vigilance. The purpose of asking for photos of the front and back of the credit card is to obtain the credit card number, expiration date, and the last three digits on the back of the card, because these three pieces of information can already be used for online payment.

So, what other information on your credit card should not be leaked, and how to avoid falling into the trap of criminals?

(1) Do not easily send key information such as credit card information, password, last three digits on the back of the card (credit card security code CVV2), expiration date, dynamic code, etc. in any social network.

(2) If fraud occurs, you can quickly go to a nearby ATM to check or withdraw cash, and keep the receipt to prove that neither the card owner nor the credit card belongs to the location where the fraud occurred, but that it was stolen by others. .

How long does it take for the credit card to arrive at the POS machine?

Different POS machines and different banks will cause slight differences in the arrival time. But under normal circumstances, credit card payments are credited immediately or the next day (the credit time is T 1 working day). If a merchant requires instant access to the account, the bank will deem the merchant to meet the relevant requirements after passing the review, and the merchant also applies, and can meet the demand for instant access to the account through corresponding procedures.

POS (Pointofsales) means "point of sale" in Chinese, and its full name is point of sale information management system. It is a terminal reader equipped with barcode or OCR code technology and has a cash or barter limit cashier function. . Its main task is to provide data services and management functions for commodity and media transactions, and to conduct non-cash settlement. POS is a multi-functional terminal that can be installed in credit card merchants and acceptance outlets and connected to a computer network to realize automatic transfer of electronic funds. It supports consumption, pre-authorization, balance inquiry and transfer functions. Use It is safe, fast and reliable. It is difficult to obtain basic business information in bulk transactions. The introduction of POS systems is mainly to solve the blind spots of information management in the retail industry. An important part of the chain store management information system.

1. Principle Analysis

Basic Principle of POS Machine The basic principle of POS system is to first create product information in a computer file. Through the computer cash register online architecture, the barcode on the product can After being directly read through the optical reading device on the cash register device (or directly entering the code from the keyboard), the product information (unit price, department, discount...) can be displayed immediately to speed up the checkout speed and accuracy. The detailed information of each product sales (price, department, time period, customer level) is automatically recorded and then transmitted back to the computer through the online architecture. Through computer calculation and processing, various sales statistical analysis information can be generated as the basis for business management.

The POS machine reads the cardholder’s magnetic stripe information on the bank card through a card reader. The POS operator enters the transaction amount, and the cardholder enters personal identification information (ie, password). The POS stores these information. The information passes through the UnionPay center and is sent to the card-issuing bank system to complete the online transaction, give information on success or failure, and print the corresponding receipt. The application of POS enables online consumption of bank cards such as credit cards and debit cards, ensuring the safety, speed and accuracy of transactions, avoiding complicated labor such as manual blacklist inquiries and order processing, and improving work efficiency.

The design requirements of the magnetic stripe card module meet the needs of three-track magnetic cards, that is, this module must be able to read magnetic cards with 1/2, 2/3, and 1/2/3 tracks.

2. Internal Analysis

The communication interface circuit usually consists of RS232 interface, PINPAD interface, IRDA interface and RS485 interface circuits. The RS232 interface is usually the POS program download port, the PINPAD interface is usually the interface between the host and the password keyboard, and the IRDA interface is usually the infrared communication interface of mobile phones and landlines. Interface signals usually consist of a sending signal, a receiving signal and a power signal.

The MODEM board consists of a central processing module, a memory module, a MODEM module, and a telephone line interface. First, the POS will detect the /RING and /PHONE signals to determine whether the voltage on the phone line can be used. The switch returns a dialing tone, the POS dials the number, the sending light flashes, and the dialing starts. The communication protocol determines the switch and The signal handshake between POS is confirmed, etc., and then the POS data exchange starts. The signal is sent and received through the MODEM circuit; after completion, hang up and end the process.

This is the end of the introduction about how many days it takes to credit a credit card and how long it takes to credit a bank card. Have you found the information you need?