What is a credit card used for?

Credit cards are issued to cardholders by banks or credit card companies based on the user’s creditworthiness and financial resources. Cardholders do not need to pay cash when using credit cards to make purchases. The bill is pending Make repayments on time.

1. The function of credit card

Credit card is a financing and financial management tool. Its function is consumption or cash withdrawal. With a credit card, you can go to the commercial service department that cooperates with the credit card for shopping or consumption. , and then the bank will conduct unified settlement with the merchant and cardholder. The cardholder can overdraft within the prescribed limit.

2. Characteristics of credit cards

Credit cards have both payment and credit functions; they can reduce the use of cash and currency; they can provide settlement services, facilitate shopping and consumption, and enhance a sense of security; they can Simplify the collection procedures and save social labor; it can promote product sales and social demand.

What are credit cards used for?

Hello, credit card is a non-cash transaction payment method. It is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

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Youqianhua is the original Baidu financial credit service brand. You can apply directly online without mortgage. The application materials and steps are very simple. It can be approved in 30 seconds at the fastest, and the loan can be issued in 3 minutes. The loan can be repaid in installments. , early repayment, and Baidu artificial intelligence and big data risk control technology, which are highly secure and you can use them with confidence. Click below on the mobile phone to measure the amount immediately. The maximum loan limit is 200,000.

What is the credit card used for?

(China Merchants Bank) Credit card mainly allows you to consume first and repay later. You can use the bank’s funds to consume in advance and enjoy the interest-free period. This is a financial management method. Credit cards can be used as payment tools and can be consumed directly through the card-swiping POS machines or online payment platforms installed by merchants. Banks will also provide you with various forms of points, discounts, installments, draws, promotions and other activities. Credit cards are still the main international payment tool. You can shop overseas and on international websites conveniently. If you are staying in a hotel on a business trip, only a credit card can complete the hotel pre-authorization for you.

What is a credit card and how to use it

Credit cards are also called credit cards and are mainly used for overdraft consumption. After the user applies for a credit card, the bank will give you a certain limit. The user can make overdraft purchases within the limit. After overdrafting the credit card, the user needs to repay, which is a way of spending first and repaying later.

Bank cards refer to credit payment instruments issued to the public by approved commercial banks (including postal financial institutions) with all or part of the functions of consumer credit, transfer settlement, cash deposits and withdrawals, etc. Bank cards reduce the circulation of cash and checks, allowing banking business to break through the limitations of time and space and undergo fundamental changes. The application of the bank card automatic settlement system has made the dream of a "checkless, cashless society" a reality.

Applying for a bank card

The process of applying for a credit card and a debit card is different.

When applying for a credit card, you need to bring your valid documents (ID card or copy of ID card or household registration book or copy of household registration book), proof of residence, proof of unit income or proof of personal assets and other materials to the card issuer. To apply, you need to fill in the application form, and the information filled in must be true. After filling out the application form, it must be filed with the head office of the account opening bank. After the head office of the account opening bank reviews the application materials, it will take about 20 working days before the card can be issued to the customer. Credit cards are only available to customers who are 18 years of age or older. Minors are not allowed to apply for credit cards.

Applying for a debit card is relatively simple. You only need to bring your valid documents (ID card or household registration book) and fill out the application form at the bank where the account is opened. The card can be issued to the applicant at that time. There is no age limit for debit card application, and minors can also apply.

When customers under the age of 16 apply for a debit card, their guardian must hold the account book (if they are not in the same account book, relevant certificates must be provided) to the bank branch counter to apply for it. The person being processed does not need to be present; if the customer is over 16 years old, If minors under the age of 18 are already working, they can go to the bank counter with their work certificate and ID card to apply for a debit card on their own. If they are not working, they still need the assistance of their guardians, and the person being processed does not need to be present; Applicants who are 18 years old or above can directly go to the counter of a bank branch or a self-service card application machine with their ID card to apply for a debit card, and get it immediately. According to national regulations, debit cards issued by minors do not have online banking functions and cannot be bound to mobile payment software.

Report the loss of a bank card

The procedures for reporting the loss of a bank card are not exactly the same among major banks. If you lose your bank card, you can first use the phone or online banking to temporarily report the loss, and then bring your ID card and other proof. Report the loss of materials at the bank counter.

This is the end of the introduction about what credit cards are used for and what Meituan co-branded credit cards are used for. Did you find the information you need?