Credit Card (CreditCard) is a bank or other financial institutions to issue credit to those who in good condition, for businesses in designated shopping and consumption, or in the designated banking institutions access to a special cash card is a special kind of credit credentials. 1. What is the credit limit? Depending on your application, the banks will give you a certain credit card approved credit limit, you can, within the spending limit consumption or to withdraw cash. Supplementary card holders can be shared with the main credit card holders the total amount of the primary card holder may also be set up as a subsidiary card limit, if it is dualcurrency international card, the credit limit can also be shared by the RMB and foreign currency accounts . Bank line of credit will be adjusted on a regular basis, but you can take the initiative to provide financial proof requirements for increased credit limit. In addition, when you travel abroad, new home, etc. move in a certain period of time require higher amount, they can request to lift the temporary credit limit. 2. The initial credit limit how to develop? Credit scoring system will be provided in accordance with various aspects of your information to arrive at a credit value, and thus converted out of your credit limit, vary. Under normal circumstances, the better the individual's credit history, the more abundant financial resources, the higher the credit limit. 3. What is the available amount? Available amount is held by your credit card has not been used in credit limit. Calculated as follows: Line of credit - not pay off the amount that has been out of accounts have been used are not recorded in the accounts the cumulative amount = available amount For example: Your credit limit is 2 million out of accounts that have not paid off the amount of 1 million, have been used are not recorded in the amount of four thousand dollars, then the amount of time you have available for the six thousand dollars. Note: The amount will be used once with each reduction in consumption, as you your payment for each period corresponding to restore. 4. What is the billing date? Card-issuing bank to the cardholder's monthly credit card account of the current period transaction costs aggregated clearing, and bear interest, calculate current amounts due from the cardholder date. 5. What is the due repayment date? Cardholders issuing banks should be required to repay all of its repayment of loans or the minimum amount should be the last date. 6. What is the interest-free repayment period? Of consumer transactions from the bank account to maturity between the repayment of interest-free repayment period. Example: Miss Chang August 19 consumption, clearing the bill in the September 18, in the October 8 full repayment of the final repayment date that is enjoying the longest 50 days interest-free period (August 19-10, 8 days). If she August 18
spending bills that day is a day, in the September 7 full repayment of the final repayment date, enjoy the shortest period of 20 days interest free. 7. What is the minimum amount? Current cardholders issuing bank should be required to repay the minimum amount, under normal circumstances for the outstanding aggregate principal amount of a certain percentage of consumption, and all costs, interest, credit arrears of more than the amount of cash advances of principal, as well as the billing period the minimum amount of the outstanding sum of its parts. Minimum payment formula is as follows: Within the consumer credit section of 10% + cash advance transaction, paragraph 100% + minimum amount of the early part of the outstanding credit line of more than 100% + 100% + consumer models costs and interest to 100% = the minimum amount of 8. What is a late payment? If you are due repayment date the actual repayment amount less than the minimum repayment amount with the minimum amount to be paid part of the outstanding fines. The proportion of late fees by the People's Bank of uniform provisions for the minimum amount of the outstanding part of the 5%. 9. What is the transfinite charges? According to the relevant provisions of the People's Bank, for you are over your credit limit with the card, the banks will be more than your credit limit part of the revenue overrun costs into account. 10. What is a grace period? The so-called grace period, in the past - as is credited to the cardholder billing from the store played a bank account on receipt of the cardholder account interest-free period of time. Different provisions of different card-issuing bank. The longer the grace period the more beneficial to consumers. In considering the grace period, we also should understand the card-issuing banks starting date and settlement date on requirements. 11. What is revolving credit? Loop calculation of interest? Revolving credit is a daily interest-bearing small, unsecured loans. You can follow your own financial situation, the monthly repayment before maturity to decide the amount of repayment of loans. When you repay the amount equal to or higher than the current minimum bill amount, but below the current amount should be also, the remaining amount of deferred payments is the revolving credit balance. Interest rate cycle rule: If each consumer is not in the final repayment in full before payment is required from the consumer interest from the date of recording. The use of credit lines to cash cycle from the start to the day of interest. You in accordance with the amount of monthly bill payments, as in the minimum amount of repayment, you can under the conditions of the payment cycle of interest to make your cash flow more freely without affecting your credit history. Interest calculation cycle: The above statements of each period of consumption of the principal amount of accrued interest, since the sum of
accounting date until the sum of accounts receivable to pay off accrued interest on only for the number of days Rixi five ten thousandths of dollars interest rates. Interest on revolving credit bill will be presented in the next period. For example: Lee's bill on the 18th day of each month, payment due each month on the 7th day; April 18 print issue banks to Lee, including his bill from March 19 to April 18 between the accounts of all transactions; this bill Mr. Zhou Qili only a sum of consumption - April 15, consumption amounted to 1,000 yuan; Li current bill, "this issue should give the amount of" for 1,000 yuan, "the minimum amount "for 100 yuan; Different repayment conditions, Mr. Lee's cycle of interest are as follows: If Mr. Lee May 7, full repayment of 1,000 yuan, then May 7 against the bill cycle of interest rate = 0 RMB. If Mr. Lee May 7, only pay the minimum amount of 100 yuan, then the May 18 against the bill cycle of interest rate = 16.40 yuan specifically calculated as follows: 1000 yuan ¡Á 0. 05% ¡Á 22 days (April 15 -5 7 days) + (1,000 yuan -100 yuan) ¡Á 0. 05% ¡Á 12 days (May 7 -5 18) cycle of interest = 16. 40. 12. What is a Merchant? Ex-gratia business? Merchant acceptance is signed with the bank card business agreement and agreed to use the bank card business billing tenants. Business is the ex-gratia merchants, in order to offer cardholders special offers will be available to cardholders in real price discounts. 13. What is the point of sale terminals-POS (PointofSale)? Point of sale terminals-POS is a multifunctional terminal, it installed in the credit card merchants and processing network with a computer into a network, can achieve automatic electronic funds transfer, it has to support consumption, pre-authorization, balance inquiries and transfer and other functions, to use safe, fast, reliable, POS mainly in the following two types: (1) consumption of POS, with a consumption, pre-authorization, check the list of features such as cessation of payments, mainly for consumption of merchants accept bank cards. (2) transfer POS, with the financial transfers and transfers features such as Kaka, is mainly used for units of the financial sector. 14. What is a credit and credit-degree assessment? The Wei-credit refers to the social prestige, economic conditions, commodity trading and other aspects of the performance of an object reflected in issuing the degree of compliance and trustworthy. Objects on the card issuers credit assessment, whose aim is to cardholders through social behavior, economic strength, honor the contract status of inspection, in-depth understanding of the cardholder in order to determine whether the customer relationship to provide a basis to make a choice. Thus, the credit card issuers to assess speaking, is a very important task. A person's social credit is directly related to his application and use of credit conditions. Western developed countries are now the concept of good credit, people cherish the same credit as the value of life.
15. Mody amount the higher the better? The level of credit card lines of credit related to the situation with your credit. Real credit card with a credit consumer loan function. If you have job stability, higher education or have a certain post card issuer may give you a higher credit limit. If you wish to apply for or to increase your credit limit, you must provide proof of the personal assets, such as: real estate shows that the stock holders of certificates and a bank statement or deposit guarantee, etc., which can help you increase a certain credit limit. But it is worth your attention is to have too high but less than the credit limit may be used but will cause you trouble, once the card or card number stolen, it will leave the lawless elements of the fraudulent use of a large space, so to remind you " amount of good-enough! "Similarly, if you think the current limit is too high, please contact the Bank of the initiative of lowering your credit limit; reduce the amount later, if you have a temporary need to use large, still in terms of large or exit consumption of pre-contact the bank, apply for a temporary increase in credit limit.