How to spend with credit card?

Credit cards can be used in various consumption areas, such as shopping in shopping malls, dining, etc. They can be used wherever credit cards can be swiped, and can also be bound to third-party payments, such as Alipay, WeChat, etc. Moreover, credit card consumption enjoys an interest-free period. As long as you repay the bill in full and on time on the due payment date, you will enjoy the interest-free period.

How to spend with a credit card

1. Spend with a card in a physical store. Generally, all merchants marked with "UnionPay", "VISA" and other logos support credit card payments.

2. Bind Alipay or WeChat for consumption. When making purchases in shopping malls or other places, you can use Alipay or WeChat payment.

3. Online consumption.

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

Those who apply 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.

Individuals applying for credit cards 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. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.

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, banks 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.

After the applicant successfully applies for a credit card, the card-issuing bank will open a separate credit card account for the cardholder at the card-issuing bank for settlement after shopping, consumption and cash withdrawal.

Since the card is sent by mail after the credit card application is approved, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched. Card opening is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed.

At this point the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card.

How to use a credit card?

There are two ways to use a credit card:

1. When the credit card holder purchases or eats in an offline mall, As long as the merchant where the cardholder purchases has a POS machine, the cardholder can hand the credit card to the mall staff and then swipe the credit card to complete the purchase;

2. The credit card can also be bound to Alipay and On payment software such as WeChat, you can pay when you consume.

Note: When the bank first issues a card, the cardholder needs to activate the credit card before using it. The cardholder can directly call the customer service number on the credit card and then follow the voice prompts to activate the credit card.

The credit card has a cash withdrawal function, so customers can also withdraw the credit limit for use. However, everyone needs to note that the cash withdrawal limit of some credit cards is only 50% of the credit limit, so customers can only withdraw half of the limit for use.

You also need to note that credit cards often have many benefits and benefits. For example, many platinum cards have high-speed rail and airport VIP lounge services, as well as discounts on various restaurants and hotels, afternoon tea services, etc. Credit card purchases can also accumulate points, which can then be redeemed for gifts, airline miles, etc.

Of course, customers must remember to repay on time after swiping their cards to avoid overdue behavior. Otherwise, the credit card may be frozen and cannot be used again.

What are the credit card payment methods?

Currently, the main payment methods for credit cards on the market include POS machine payment, third-party binding payment, UnionPay quick payment, and mobile payment.

1. Pay by swiping the card at the POS machine

This traditional credit card consumption method allows you to complete the payment by swiping the card through the POS machine, entering the password and signature. This type of payment is generally completed through UnionPay centers. The hand-swipe machines currently on the market are also traditional POS machine channels.

2. Third-party binding payment

This method is now the most popular. It binds credit cards to third-party payment platforms and completes payment settlement by scanning QR codes. Nowadays, payment methods such as WeChat and Alipay are used more frequently, and third-party channels are used.

3. UnionPay Quick Payment

Unlike online payment, UnionPay Quick Payment does not need to be bound to any platform. You only need to enter your credit card, account name, mobile phone number, and security on the payment page. code and other new information, and then send a dynamic password. If you enter it correctly, you can pay successfully. This is usually done through the UnionPay channel.

4. Mobile payment

Currently, mobile payment is also a relatively popular method. Currently, Applepay, Huawei pay, Xiaomi pay, etc. are available. Taking Applepay as an example, the credit card is first bound to the mobile phone. When the user makes a purchase, the mobile phone and Cloud Quick Pass function are turned on, and payment is made through NFC at POS terminals and other terminals.

This ends the introduction on how to use credit cards for consumption and how to use credit cards for the most cost-effective consumption. I wonder if you have found the information you need?