Credit card, also known as credit card, is a credit certificate issued by commercial banks or credit card companies to eligible consumers. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

China's relevant laws ("NPC Standing Committee on

Credit cards are generally plastic cards with a special carrier, with a length of 85.60 mm, a width of 53.98 mm and a thickness of1mm. The name of the card issuer, the expiration date, the number and the name of the cardholder are printed on the front, and the chip, magnetic stripe and signature strip are printed on the back. Cardholders can use credit cards to shop, spend money and deposit and withdraw cash from banks.

Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment is made on the billing day. Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card 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 according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

Extended data:

Credit card clearing funds

1. Submit the bill for signature.

The merchant will hand over the bill or cash withdrawal slip signed by the cardholder to the acquiring institution of our bank, make liquidation with the acquiring institution and recover the advance funds.

2. Payment request

The acquiring institution deducts a certain handling fee when paying the special merchants, and makes a payment request to the issuing bank together with the acquiring institution. This process is realized by sending a payment request document to the issuing bank.

Step 3 pay

If the issuing bank has no objection to the transaction, it will pay the money to the acquiring bank and share the service fee with the acquiring bank by withholding. Otherwise, it will enter the stage of refusing to pay or re-requesting payment, and even finally it will be submitted to the higher authorities for ruling.

4. The cardholder pays

At the end of each month or on the agreed date, the issuing bank will issue a statement to the cardholder, that is, a payment notice. After the cardholder has no doubt about the transaction on the statement, he will pay the corresponding amount to the issuing bank.

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