Huabei is a virtual credit card launched by Alipay. It will provide a certain overdraft limit based on Alipay users' consumption. The amount of the limit varies from person to person. Huabei can only be used for shopping on Taobao and Tmall. The 10th of the next month after the user receives the confirmation of the goods is the interest-free repayment period.

Note:

The 10th of every month is the repayment date for Huabei. Users need to pay off the Huabei bills that have been generated on the repayment date.

On the due date of repayment, the system automatically deducts the balance of Alipay account, Yu'E Bao (requires Yu'E Bao deduction function), and debit card quick payment (including card) for repayment of outstanding bills. Still partially. You can also take the initiative to make repayments. To avoid overdue payments, please ensure that your Alipay account has sufficient funds. If the payment is overdue, a late fee of 0.05% will be charged per day.

Extended information:

1. Credit limit

Ant Huabei uses big data to comprehensively consider consumers’ online shopping conditions, payment habits, credit risks, etc. Calculation, combined with the risk control model, grants users consumption quotas ranging from 500 to 50,000.

Ant Huabei’s quota is granted based on the user’s accumulated consumption, repayment and other behaviors on the platform. Users’ various behaviors on the platform are dynamic and changing, and the corresponding quota is also dynamic. When If the user behaves well within a period and complies with the quota increase policy, the corresponding quota may be increased. Ant Huabei cannot be opened or raised through others. Please do not trust others and leak personal information.

2. Application Scenarios

Industry insiders believe that banks and other financial institutions have capital and risk control experience, and Huabei has consumption scenarios and risk control data. Both parties have their own strengths and complement each other. Replenish. Therefore, cooperation can not only enable finance to truly serve the reasonable consumption needs of users, but also reduce capital and service costs, which is conducive to industry development. ?

Ant Huabei supports shopping in multiple scenarios. The previous main application scenarios were Taobao and Tmall, and most merchants on Taobao and Tmall can use it for payment.

Ant Huabei has stepped out of the Alibaba e-commerce platform and has access to more than 40 external consumer platforms: most e-commerce shopping platforms, such as Amazon, Suning, etc.; local life service websites, For example, Koubei, Meituan, Dianping, etc.; mainstream 3C official malls, such as LeTV, Haier, and other official malls; and some overseas shopping websites.

Reference: Baidu Encyclopedia-Ant Huabei