How to apply for Bank of China electronic credit card?

How to apply for Bank of China electronic credit card?

1. Application: In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old in mainland China) and have certain direct financial resources can apply for a credit card from the card issuing bank. Sometimes, legal persons can also be applicants.

2. Review: After receiving the application form and relevant materials from the applicant, the card-issuing bank must review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. The creditworthiness of the applying unit must be evaluated, and the relevant circumstances of the guarantor must also be reviewed for individuals.

3. Card issuance: After the applicant successfully applies for a credit card, the card issuer will open a separate credit card account for the cardholder at the card-issuing bank for settlement after shopping, consumption and cash withdrawal.

4. Card opening: Since the card is sent by mail after the credit card application is approved, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched.

5. Identification, there is at least the following information on the credit card card:

(1) Front: name and logo of the issuing bank, credit card number (organization logo) and holographic anti-counterfeiting mark, English or Pinyin name, activation date (generally calculated to month), validity date (generally calculated to month), the latest issued card is equipped with a chip on the front, and the chip account and the card magnetic stripe account are two relatively independent accounts.

(2) Back side: card magnetic stripe, cardholder signature field (must sign after activation), service hotline number, last four digits or all of the number (to prevent fraudulent use), credit card security code (in The three-digit number immediately following the last four numbers on the signature line on the back of the credit card is used for credit card activation, password management, TV, telephone and online transactions, etc.).

6. Authorization: The merchant and bank confirm that the credit card is valid, and contact the bank to request authorization according to the contract signed with the card issuer. Authorization is to further confirm the cardholder's identity and the amount that can be used. Authorization is generally made when the usage amount specified in the contract is exceeded.

7. Use: Credit cards are usually limited to the cardholder's personal use, and lending them to others is generally a violation of the use contract.

8. Card cancellation: Before canceling a credit card, the account balance must be cleared. The entire process of canceling the card must be completed within 45 days after the application is submitted.

How to apply for an Agricultural Bank of China digital credit card?

Digital bank cards can be applied for in the Cloud QuickPass APP and major commercial bank APPs. Taking the UnionPay APP as an example, the steps are as follows:

1. Open the UnionPay APP and click "UnionPay Card" on the homepage.

2. After entering the card application page, click "Apply for Card Now".

3. Fill in your name, ID number and other personal information as required.

4. After submitting the application, you can complete the application for the digital bank card.

Operating environment:

Brand model: Huawei nova7

System version: harmonyOS.2

App version: v9.0.9

The so-called "digital credit card" is actually an "electronic credit card", which is a virtual card. After the customer successfully applies, the bank will provide a set of virtual, security code, validity period and other information, and the customer will bind it after activation You can make quick payments through the mobile banking of the card-issuing bank, or by binding UnionPay Cloud QuickPass, as well as third-party payment platforms such as Alipay and WeChat. Digital credit cards are suitable for both online and offline consumption. Check the numbers when making online payments. Credit card, enter the payment password to complete the payment; when making offline purchases, you can scan the QR code to pay via mobile banking, UnionPay Cloud QuickPass, Baby Pay, etc.

Banks with digital credit cards include: Bank of Communications MasterCard, China Merchants Bank E-recruitment card, Ping An Bank without card, Industrial Bank E-card, China Guangfa Bank True Love Little White Card, Shanghai Pudong Development Bank E-GO card, China Construction Bank Dragon Card E-payment card and China CITIC Bank online payment card. Digital credit cards cannot be used for payment by swiping, and can only be used for payment by scanning QR codes. In addition, the advantages of digital credit cards are also obvious. After binding to third-party payment software, there is no risk of loss, as long as users take good care of their mobile phones.

Digital credit cards are different from credit cards:

1. Different card forms

A digital credit card is actually a virtual credit card, without a physical card. It consists of a set of virtual card information, CWV2 code, validity period and other information.

Ordinary credit cards use real cards, and what the bank mails to us is the physical card.

2. Different card swiping methods

Digital creditors need to use other mobile payment tools, such as mobile Alipay, WeChat, UnionPay, JD.com, etc. The physical card can be bound for consumption or can be swiped offline for consumption.

3. Different repayment methods

Digital credit cards can only be repaid online, such as transfer repayment through Alipay, WeChat, mobile banking, etc.

In addition to online transfer and repayment, physical cards can also be inserted into ATM machines to deposit money and repay.

How to open an electronic credit card of Zhangjiagang Rural Commercial Bank

The steps to open an electronic credit card of Zhangjiagang Rural Commercial Bank are as follows:

1. Bring your bank card and ID card to Zhangjiagang Rural Commercial Bank Commercial bank business outlets.

2. Ask the staff to explain that you need to activate online banking.

3. Just fill in the relevant forms.

How to apply for a credit card online

1. Open the official credit card website of the bank where you need to apply for a credit card.

2. Select the type of credit card you want to apply for and click Apply Now.

3. Fill in the application information.

4. Submit the online credit card application form and wait for the approval result.

Take China Construction Bank as an example:

Operating environment:

Brand model: iPhone13

System version: iOS15.4

App version: v5.7.0.003

Origin of credit card products:

The earliest credit card appeared at the end of the 19th century. In the 1880s, the British clothing industry developed so-called credit cards, and the tourism and business sectors followed suit. However, the cards at that time could only be used for short-term commercial credit, and the money still had to be paid as and when used. Long-term arrears were not allowed, and there was no credit line.

A credit card is generally a special carrier plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. The name of the card issuer, validity period, number, cardholder name, etc. are printed on the front, and there is a chip on the back. Magnetic strip, signature strip. Cardholders can use their credit cards to shop and spend money with special entities and deposit and withdraw cash from banks.

It is said that one day in the 1950s, American businessman Frank McNamara was entertaining guests for a meal in a New York hotel. After the meal, he found that he had forgotten his wallet and had to call his wife to bring cash. McNamara came up with the idea of ??starting a credit card company because he felt embarrassed about paying the bill at a restaurant. In the spring of 1950, McNamara and his friend Schneider invested US$10,000 to establish the "Diners Club" in New York, the predecessor of Diners Club. Diners Club provides members with a card that can prove their identity and payment ability. Members can use the card to record their purchases at 27 designated restaurants without having to pay cash. This is the earliest credit card. This kind of credit card that does not require bank processing is a commercial credit card.

In 1952, Franklin National Bank in California, USA, was the first financial institution to issue a bank credit card, becoming the first bank to issue a credit card.

In 1959, Bank of America issued the Bank of America card in California. Since then, many banks have joined the ranks of card-issuing banks. By the 1960s, bank credit cards were quickly welcomed by all walks of life and developed rapidly. Credit cards became popular not only in the United States, but also in the United Kingdom, Japan, Canada and European countries. Since the 1970s, Hong Kong, Taiwan, Singapore, Malaysia and other regions have also begun to handle credit card services.

In the 1960s, credit cards sprouted and developed rapidly in developed European and American countries such as the United States, Canada, and the United Kingdom. After more than 50 years of development, credit cards have been widely accepted in more than 95% of countries around the world.

In the 1980s, with the reform and opening up and the development of market economy, credit cards began to enter China as an electronic and modern consumer financial payment tool. In the past ten years, they have developed by leaps and bounds.

After experiencing the financial crisis and the ups and downs of the domestic economy, my country's credit card market rebounded in 2016. By the end of 2016, the total number of domestic credit cards issued had exceeded 590 million. In 2016, the national credit card consumption transaction amount reached 741.81 trillion, an increase of 10.75%, and the proportion of credit card consumption in the total retail sales of consumer goods continues to increase.

That’s it for the introduction on how to apply for an electronic credit card.