First of all, you must understand that bank cards starting with 62 are standard credit cards with UnionPay as the main body, and credit cards starting with 43 are visa credit cards. Their differences are as follows:

1. In terms of geography , UnionPay is a card organization in China, Visa and MasterCard are both card organizations in the United States. Currently, domestic bank cards belong to different bank card organizations according to the starting digits. Bank cards starting with the word "4" belong to the VISA card organization; < /p>

Those cards starting with “62”, “60” and “9” belong to China UnionPay, and UnionPay cards starting with “62” and “60” are UnionPay standard cards that comply with international standards and can be used abroad. This is also China UnionPay’s flagship card in recent years.

2. Different logos: UnionPay credit cards have the UnionPay logo on them, while VISA cards have the VISA logo on them.

3. In terms of usage, because cards starting with 43 are visa and UnionPay dual-currency cards, not UnionPay single-currency cards, the authorization and allocation of some rights and interests when used in our country are similar to UnionPay cards starting with 62 difference. If you are spending money domestically, a UnionPay credit card is of course the most suitable, but if you need to spend money abroad frequently, then a visa credit card is indispensable.

4. In terms of scope of use, visa credit card has a wider coverage than UnionPay in more areas.

5. In terms of handling fees, in countries and regions where UnionPay is open, there is no foreign currency exchange fee when swiping the card through the UnionPay channel. If you use international routes such as VISA abroad, and you pay in foreign currency, you will need a foreign currency exchange fee of about 1%. In foreign countries, areas without UnionPay can only use international card lines such as VISA or MASTERCARD.

China UnionPay was established in March 2002. It is a Chinese bank card association established with the consent of the State Council and the approval of the People's Bank of China. It is headquartered in Shanghai. As of the end of November 2020, UnionPay's global acceptance network has extended to 179 countries and regions, and a total of more than 9 billion UnionPay cards have been issued at home and abroad.

As China’s bank card federation, China UnionPay is at the core and hub of my country’s bank card industry and plays a fundamental role in the development of my country’s bank card industry. Each bank realizes through the UnionPay inter-bank transaction clearing system It provides interconnection between systems, thereby enabling bank cards to be used across banks, regions and borders. On the basis of building and operating the UnionPay inter-bank transaction clearing system and realizing the universal use of bank cards on the Internet, China UnionPay actively cooperates with commercial banks and other industry parties to promote unified UnionPay card standards and specifications, create independent bank card brands; promote the development and application of bank cards ; Maintain the order of the bank card acceptance market and prevent bank card risks. Through the UnionPay inter-bank transaction clearing system, interconnection and resource sharing between commercial banking systems are realized, ensuring the use of bank cards across banks, regions and borders.