I just got a credit card, how do I use it?
It must be activated before it can be used.
Generally, credit cards have online activation, phone activation, and branch activation.
Telephone activation: There will be a bank hotline on the back of the card. You can call and be transferred to a manual for manual consultation on the specific steps for activation.
Online activation: Log in to the online banking of your credit card, then enter the steps and activate.
Outlet activation means taking your credit card to the business hall of the bank where the credit card belongs (if it is an ICBC credit card, go to the business hall of ICBC) and let the staff help you activate it.
Credit Card (English: CreditCard), also called credit card. It is a non-cash transaction payment method and a simple credit service.
A credit card is generally a special carrier plastic card with consumer credit that is 85.60 mm long, 53.98 mm wide, and 1 mm thick. It is issued by the bank to individuals and organizations, which can be used to shop, consume with special organizations, and deposit and withdraw cash from banks. It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front. The card has Chip, magnetic strip, signature strip.
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 the credit card, and repayment will be made on the billing date (English: BillingDate).
How to use a credit card
The credit card can be used after activation at the counter.
Notes on using credit cards: 1. Repay on time: If the debt is not paid off on time, it will affect your credit record, and you will also be charged penalty for delay. 2. Consumption diversification: You can swipe your card for consumption in places you don’t use, such as restaurants, shopping malls, etc. 3. Don’t swipe the card too frequently: The frequency of swiping the card should not be too frequent. If the card swiping action is abnormal, the bank will easily carry out risk control.
1. The meaning of credit card: Credit card is just another kind of loan from the bank. Simply put, the bank lends us money first and can give us an interest-free period of one month to fifty days. Solve your crisis at that time and buy what you want in advance; when using a card, you must know that you need to use it before using a credit card to make purchases.
2. Don’t cash out randomly: Banks do not allow cash out. Follow these points to make the bank feel that the money is safe with us and you can make money. If you follow this purpose, there will be no problem. .
3. Timely repayment is a must: having credit card credit is the first priority. If you don’t want it, don’t use it, because credit is related to your future business dealings with banks, especially loans and other businesses. .
Credit card repayment method:
Counter repayment: Credit card repayment is made at the counter of the credit card issuing bank. This is a very traditional credit card repayment method because it is time-consuming and difficult to use. There are already very few people. ATM: When using an ATM to repay a credit card, you mainly deposit money into the credit card at the card-issuing bank's ATM. However, the ATM can only deposit a hundred RMB, which is not flexible enough. Linked repayment: Bind a credit card to a debit card for repayment, and the bank will automatically deduct the payment on the final repayment date every month. As long as you ensure there is sufficient balance in your debit card, this method is very convenient and efficient. Lakala and other self-service machines: Many supermarkets and shopping malls have UnionPay self-service repayment equipment. You can use any bank debit card to repay your credit card. Online repayment: The official website of the card-issuing bank generally supports credit card repayment. At the same time, with the rise of mobile payment, Alipay, WeChat wallet, mobile banking APP, card-issuing bank WeChat official account and other tools allow us to complete credit card repayments anytime and anywhere.
Personal suggestion: As big data continues to be used in risk control, and private credit systems such as Sesame Credit continue to emerge, my country's credit system is accelerating to be improved and improved, and personal credit will play an important role in our lives. play an increasingly important role. So be sure to remember to repay on time.
Can I use the credit card immediately after I get it?
The credit card cannot be used immediately after I get it. The customer has to activate it first. However, it is not complicated to open the card. Generally, customers can Call the bank customer service directly to apply for activation, or activate it by yourself on online banking/mobile banking client/credit card APP, and the card can be used immediately after activation.
Of course, everyone also needs to note that if it is the first time to apply for a credit card from a bank online, you may have to go to a bank branch for an interview. The card can only be opened and used after the interview is successfully passed.
According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a credit card that records cardholder account information, has bank credit lines and overdraft functions, and provides cardholders with relevant banking services. All types of media.
Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement Electronic payment cards with full or partial functions such as cash deposit and withdrawal. On December 1, 2017, the "English Translation Standards for Public Service Fields" was officially implemented, stipulating that the standard English name of credit cards is CreditCard
Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.
Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).
On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”
Compared with ordinary bank savings cards, the most convenient way to use credit cards is that they can be used for ordinary consumption without cash in the card. In many cases, you only need to return the consumed amount on schedule.
You can use overdrafts without deposits, and you can enjoy an interest-free period of 20-56 days for on-time repayment without any interest charges (most banks will charge an interest of 50,000 cents on the day of cash withdrawal, and There is a 2% handling fee. ICBC cash withdrawals are free of handling fees and only charge interest).
Swiping your card when shopping is not only safe and convenient, but also provides gift points.
You can enjoy discounts when you use the card at the bank's designated merchants.
Accumulate personal credit and add a record of integrity to your credit file that will benefit you throughout your life.
It is accessible nationwide and you can withdraw money or make purchases by swiping your card at ATMs and POS machines with the UnionPay logo; (Note: Credit cards are only suitable for consumption and swiping. It is best not to withdraw cash. The handling fee for cash withdrawals is very high and very inconvenient. Cost-effective)
Swipe your card for consumption, collect existing points with some credit cards, and offer a variety of discounts and lucky draws throughout the year, so you can always be surprised as long as you use your card; (most credit card online payments do not have points, but online shopping payments Very convenient and fast)
Free mailed statements every month, allowing you to transparently control every consumption expenditure; (now promoting green environmental protection, paper statements can be canceled and changed to electronic statements)
The unique supplementary card function is suitable for couples to manage finances at the same time, or to control their children's financial expenditures.
The free choice of one card and dual currencies is available all over the world. Overseas consumption can be repaid in domestic RMB.
400 or the 5-digit short number starting with 9 is available 24 hours a day. Loss reports are effective immediately and there is zero risk of losing the card.
Have validity period: It is known that the validity period of domestic credit cards is generally three or five years.
Use third-party platforms (the domestic platform that supports credit card bill management is mainly Jujindou) for business cooperation to provide cardholders with preferential services.
How to activate and use a credit card for the first time
Many friends who apply for a card for the first time don’t know what to do after getting the credit card. Normally, after you get a credit card, you must first activate it before you can use it. The following will give you an introduction to how to activate and use a credit card.
1. Credit card activation
The first time you use a credit card, you must activate it. Unactivated credit cards cannot be used.
There are many ways to activate credit cards. Cardholders who don’t know how to activate can refer to the following three methods:
1. Activation at the counter: This activation method is very simple and generally requires you to bring a valid ID. . Apply for a credit card at the business outlet of the card-issuing bank. Some banks stipulate that you can apply for a credit card online. You can only apply for a card through this method. The relevant documents you need to bring will usually be notified in the text message.
2. Online activation: There are many ways to activate your credit card online. You can activate it by following the card issuer's WeChat official account, or you can activate it on the card issuer's official credit card website.
3. Telephone activation: Generally, you need to call the 24-hour service hotline on the back of the credit card, and then follow the voice prompts to open the card by yourself. If not, you can transfer to manual service and ask customer service to help open the card.
2. Credit card use
Credit card use includes many aspects, such as card consumption, online payment, repayment, and handling of various businesses, such as bill installments, cash withdrawals, etc. , when applying for a card for the first time, you must have a general understanding of how to use a credit card.
1. Credit card consumption: Credit card can be used as a payment tool, and consumption can be made directly through the card POS machine installed by the merchant.
2. Online payment: Online payment with credit card is very simple. For example, if you want to shop on Taobao, select the product and click to pay, select the payment method as credit card, enter the credit card, three-digit security code, and SMS verification code. It's time to pay.
3. Repayment: When using a credit card for overdraft consumption, you must repay it on time, otherwise overdue payments will affect your credit record. There are many ways to repay credit cards. You can repay through mobile banking or through a third-party payment platform, such as Alipay.
How can I use a credit card? I just got a credit card, but I don’t know how to use it
It has all the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. Credit card is divided into credit card and quasi-credit card. Credit card It refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay.
A quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve as required. When the reserve account balance is insufficient to pay, the card can be overdrawn within the specified credit limit. The so-called credit card generally refers to a credit card only.
Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the card-issuing bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder. After applying, the consumption funds will be deducted from the cardholder's credit card account in installments, and the cardholder will repay according to the monthly credit amount.
Extended information:
No matter what method is used to transfer or remit money, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as Intra-party repayment, online repayment, convenience store repayment, etc.
When making installment purchases in shopping malls, cardholder identity verification is required, so remember to bring your ID card. Shopping mall installments are generally free of charge for three installments. The rates for 6 and 12 periods vary from bank to bank. Installment products can generally be purchased as long as they are normally sold in the shopping mall. In many cases, cardholders can also bundle multiple items together for checkout and then make installment payments.