Do you need to go to the bank to apply for a credit card?
In some cases, you must go to the bank to open a credit card. For example, if you apply for a credit card online, you cannot open the card over the phone. You must bring your credit card and valid ID card to a bank outlet to activate it. If you apply for a credit card at an outlet, you do not have to go to the bank to activate it. You can activate it through the bank website, mobile banking client, bank customer service and other channels.
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).
Main features of credit card:
Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation to a certain extent;< /p>
Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;
Credit cards are high-tech products that integrate financial services and computer technology.
Credit cards can reduce the use of cash;
Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;
Credit cards can simplify payment procedures, Save social labor;
Credit cards can promote product sales and social demand.
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.
Do you have to go to the bank to open a credit card?
It is not necessary to go to the bank to open a credit card.
But if you are applying for a credit card from the issuing bank for the first time, you must go to the bank counter to activate it. If you already have a credit card from the bank, you do not need to go to the bank to activate it. There are two situations as to whether you need to go to the bank to activate a credit card. One is to apply for a credit card at the bank, and the other is to apply for a credit card online. Credit cards applied through different channels have different activation methods.
1. Credit card applied by the bank
When you apply for a credit card at a bank, you generally do not need to go to the counter to activate the card, because the bank staff will already be face to face with you when applying. has verified your identity, so there is no need to verify your identity through activation. To apply for a credit card in this way, generally after getting the credit card, you can call the 24-hour credit card service hotline starting with 400 on the back of the credit card using your reserved mobile phone, and follow the voice prompts to activate the card. To activate a credit card at a bank, applicants are required to provide a copy of their ID card (front and back) and credit card (front and back). However, applicants should prepare relevant information when applying.
2. Credit card application online
When applying for a credit card online, especially for the first time, most banks will require the applicant to go to the bank in person for activation.
The purpose of this is actually to conduct a second review. After all, without seeing the applicant in person, the bank will have doubts about whether the applicant is the applicant. Asking the cardholder to go to the bank to activate the credit card is actually to allow the bank to confirm the identity of the applicant to prevent someone from claiming the credit card falsely. Therefore, for cardholders who apply for a credit card online, the bank will require them to go to the local bank counter for activation. When activating, they need to bring the activation text message, valid ID and other information.
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 issuing bank's name, validity period, number, cardholder's 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 designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
If your credit card has expired but you didn’t do it on purpose, don’t panic yet. The first step is to pay off all overdue bills. Because if you owe money, the first thing you must do is to pay it back. Some people may think that since they are overdue, they should not rush to pay back the money and wait for the bank to call for payment. In fact, what the bank hopes to see is that people can proactively pay off their bills, rather than relying on passive repayment. However, once the bank really starts to urge you to repay the loan, then things may become more serious.
Can credit cards be applied for at banks?
1. Credit cards can be applied for directly at the bank. When applying, users are required to bring corresponding materials, such as valid identity certificates, work certificates, etc. Only Only users who meet the bank's requirements can apply for a credit card at the counter. It is best to submit more proof of financial resources when applying, so that the bank's card limit will be higher.
2. Users must be over 18 years old and have full capacity for civil conduct when applying for a credit card at the bank counter; the applicant's credit report is good. If the credit report is not good, the bank will not issue the card. When applying, you must understand the basic rights and interests of the card and know which rights can be used to enjoy discounts.
3. It will take a long time to apply for a credit card through the bank counter and get the card. It usually takes 20 working days. If you are in a remote area, the time to get the card will be extended.
Compared with ordinary bank savings cards, the most convenient way to use credit cards is that they can be used for ordinary consumption without cash in the card. In many cases, you only need to return the consumed amount on schedule.
You can use overdrafts without deposits, and you can enjoy an interest-free period of 20-56 days for on-time repayment without any interest charges (most banks will charge an interest of 50,000 cents on the day of cash withdrawal, and There is a 2% handling fee. ICBC cash withdrawals are free of handling fees and only charge interest).
Swiping your card when shopping is not only safe and convenient, but also provides points for gifts.
You can enjoy discounts when you use the card at the bank's designated merchants.
Accumulate personal credit and add a record of integrity to your credit file that will benefit you throughout your life.
It is accessible nationwide and you can withdraw money or make purchases by swiping your card at ATMs and POS machines with the UnionPay logo; (Note: Credit cards are only suitable for consumption and swiping. It is best not to withdraw cash. The handling fee for cash withdrawals is very high and very inconvenient. Cost-effective)
Swipe card purchases, collect existing points with some credit cards, and offer a variety of discounts and lucky draws throughout the year, so you can always be surprised as long as you use the card; (most credit card online payments do not have points, but online shopping payments Very convenient and fast)
Free mailed statements every month, allowing you to transparently control every consumption expenditure; (now promoting green environmental protection, paper statements can be canceled and changed to electronic statements)
The unique supplementary card function is suitable for couples to manage finances at the same time, or to control their children's financial expenditures.
The free choice of one card and dual currencies is available all over the world. Overseas consumption can be repaid in domestic RMB.
400 or the 5-digit short number starting with 9 is available 24 hours a day. Loss reports are effective immediately and there is zero risk of losing the card.
Have validity period: It is known that the validity period of domestic credit cards is generally three or five years.
Use third-party platforms (the domestic platform that supports credit card bill management is mainly Jujindou) for business cooperation to provide cardholders with preferential services.
The invention of credit cards is like a double-edged sword, which can solve the temporary economic crisis. However, the purpose of banks issuing credit cards is to make money. Once the interest-free repayment time is exceeded, high interest will be charged. , generally an interest of 0.05% per day.
Swiping a card for blind consumption 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 money flowing like water.
Excessive consumption of laptop installments, digital camera installments, and smartphone installments. While enjoying your favorite items in advance, you must also consider whether you are able to repay them.
High Interest Rates If you don’t know how to take care of your credit card and cannot repay the loan as scheduled when the final payment date comes, the bank will charge you high interest rates. (The minimum repayment for the first month of a credit card shall not be less than 10% of the overdraft amount of the month)
Credit cards that require annual fees basically have annual fees, but they basically have annual fee-free policies. , for example, China Construction Bank only needs to swipe the card three times a year to waive the fee; but if you do not swipe the card the number of times specified by the bank in a year, an annual fee will be charged.
Basically, by default, stolen credit cards allow you to use the card without a password. This makes it easy for someone else to use your credit card when it is lost or stolen, causing unnecessary trouble or losses; but in fact, you can also apply for a credit card. Spending by swiping the card with the password - this depends on how you manage your credit card. Of course, many people lack experience in this area and do not close the account after canceling the credit card. Some criminals re-apply for a credit card overdraft and lose money in vain. , very not worth it.
Affected personal credit record Long-term malicious arrears will naturally affect personal credit record and even be blacklisted by the bank. If you want to apply for a bank loan to buy a house or a car in the future, you may be rejected by the bank.
Cancellation Trouble CCTV once reported that a cardholder still received bank statements several months after canceling his credit card after paying off all the outstanding balances. What happened after that made him miserable. This famous article For "Credit Cards That Can't Be Repaid", he exposed the shortcomings of today's credit cards.
Although there is an interest-free period for credit cards, it is only for card consumption. There is no interest-free period for cashing out, and handling fees are also charged.
Do you need to go to a bank to open a credit card?
Whether you have to go to a bank branch to open a credit card mainly depends on the customer's application method and the regulations of the card-issuing bank:
1. Application at bank counter:
If you apply for a credit card at the bank counter, you don’t need to go to the bank to open the card. Because bank staff already know the customer's identity when applying, there is no need to verify the customer's identity information through face-to-face interviews and issue cards to confirm whether it is done by himself.
To apply for a credit card at a bank counter, you can generally open the card by calling the 24-hour credit card service hotline starting with 400 on the back of the credit card and following the voice prompts.
2. Online application:
If you are applying for the bank's first card online, most banks will require the applicant to go to the bank to apply for a card. The main purpose of doing this is to confirm the identity of the applicant and prevent someone from pretending to receive the credit card. However, if the online application is not the first card and you have applied for a credit card from this bank before, because you have had business dealings and the bank has kept information records, you can also activate it directly through online banking or mobile banking/credit card APP.
1. Credit card activation
The first time you use a credit card, you must activate it. Unactivated credit cards cannot be used. There are many ways to activate credit cards. Cardholders who don’t know how to activate can refer to the following three methods:
1. Activation at the counter: This activation method is very simple and generally requires you to bring a valid ID. . Apply for a credit card at the business outlet of the card-issuing bank. Some banks stipulate that you can apply for a credit card online. You can only apply for a card through this method. The relevant documents you need to bring will usually be notified in the text message.
2. Online activation: There are many ways to activate your credit card online. You can activate it by following the card issuer's WeChat official account, or you can activate it on the card issuer's official credit card website.
3. Telephone activation: Generally, you need to call the 24-hour service hotline on the back of the credit card, and then follow the voice prompts to open the card by yourself. If not, you can transfer to manual service and ask customer service to help open the card.
2. Credit card use
Credit card use includes many aspects, such as card consumption, online payment, repayment, and handling of various businesses, such as bill installments, cash withdrawals, etc. , when applying for a card for the first time, you must have a general understanding of how to use a credit card.
1. Credit card consumption: Credit card can be used as a payment tool, and consumption can be made directly through the card POS machine installed by the merchant.
2. Online payment: Online payment with credit card is very simple. For example, if you want to shop on Taobao, select the product and click to pay, select the payment method as credit card, enter the credit card, three-digit security code, and SMS verification code. It's time to pay.
3. Repayment: When using a credit card for overdraft consumption, you must repay it on time, otherwise overdue payments will affect your credit record. There are many ways to repay credit cards. You can repay through mobile banking or through a third-party payment platform, such as Alipay.
Can I apply for a credit card at a bank?
Can I apply for a credit card at a bank?
Each bank requires that you be over 18 years old when applying for a credit card. There are many types of cards to choose from when applying for a credit card at bank branches, and the amount you can apply for will also be higher. Applicants must bring their original ID cards. and a copy, fill in the application form, provide proof of income or fixed residence, or a copy of a time deposit of more than one year or a tax payment certificate, etc. The specific materials required will vary from bank to bank. You can consult the branch staff. Assist applicants to complete and submit credit card application information.
Main features of credit card:
Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation to a certain extent;< /p>
Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;
Credit cards are high-tech products that integrate financial services and computer technology.
Credit cards can reduce the use of cash;
Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;
Credit cards can simplify payment procedures, Save social labor;
Credit cards can promote product sales and social demand.
Main types
According to different card issuers, they can be divided into bank cards and non-bank cards
Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.
Non-bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., used for purchasing tickets, meals, accommodation, entertainment, etc.
According to the different objects of card issuance, it can be divided into corporate cards and personal cards
Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal entities.
Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.
According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards
Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.
Gold Card. A gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.
According to different repayment methods, credit cards can be divided into credit cards and debit cards
Credit cards. It is a card-issuing bank that provides bank credit. When making a payment, it is first used as an overdraft, and then repaid or paid in installments. Most of these cards are used internationally. That is to say, the way that cardholders are allowed to pay off their credit card accounts without deposits is "spend first, deposit later". Most of the cards currently used internationally are of this type.
Credit and debit cards. It is a credit card issued by a bank that allows you to deposit money first and spend later.
When applying for a credit card, cardholders need to deposit a certain amount of money in the card-issuing bank for backup. Cardholders need to use the deposit balance as a basis when using the card. Overdrafts are generally not allowed.
This is the end of the introduction about whether you need to go to the bank to apply for a credit card and whether you need to go to the bank to apply for a credit card. Did you find the information you need?