2. Credit card account: refers to the account under the credit card opened by Party B in Party A, which is a dual-currency account (RMB and foreign currency) or a single-currency account (RMB or foreign currency). Party A's credit cards held by Party B are all classified into corresponding credit card accounts according to Party A's definition, and the credit cards under the same account enjoy the credit line approved by Party A..
3. Credit card transaction: refers to a daily consumption transaction (not allowed for non-consumption) by using a credit card or using a credit card number and/or transaction password, including but not limited to payment, cash advance and other transaction types recognized by Party A..
4. Cash advance: refers to the credit card transaction in which Party B and its affiliated cardholders use credit cards to withdraw cash at the bank counter or ATM or by other transaction methods approved by Party A within the cash advance limit approved by Party A, or use the cash advance limit for transfer.
5. Credit limit: refers to the maximum limit approved by Party A according to Party B's credit standing that Party B can recycle within the validity period of the card, which is the * * * credit limit of all cards (including main card and supplementary card) under Party B's name, and the same credit limit of RMB account and foreign currency account. Party A has the right to adjust Party B's credit limit at any time according to the change of its credit status and notify Party B by telephone, writing, SMS or other means. In addition, if Party B needs a higher credit line for reasonable consumption within a certain period of time, it can apply for a temporary increase in the credit line, but it must be approved by Party A.. The actual available line of Party B at each time point shall be calculated according to the method determined by Party A..
1. according to article 7 of the measures for the supervision and administration of credit card business of commercial banks, credit cards refer to all kinds of media that record the relevant information of cardholders' accounts, have the functions of bank credit line and overdraft, and provide relevant banking services for cardholders. Credit card consumption is a non-cash transaction payment method, and it is not necessary to pay cash when consuming, and the repayment will be made on the Billing Date. Credit cards are divided into debit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. The credit card generally refers to a credit card.
second, the earliest credit cards appeared at the end of 19th century. In the 198s, the British clothing industry developed the so-called credit card, and the tourism and business sectors also followed this trend. However, at that time, the card could only be used for short-term commercial credit, and the money still had to be paid as needed, and there was no long-term default and no credit line.