With more and more people handling credit cards, credit cards also have the function of confidentiality and visa-free, and transactions can be completed through confidentiality and visa-free. So what does credit card confidentiality and visa-free mean?

What does the credit card exemption mean?

Secret-free and visa-free refers to the use of UnionPay chip cards or mobile devices with flash payment signs to conduct a certain amount of online transactions at designated merchants in a non-contact manner, and the payment can be completed by swiping the card near the flash payment induction area of acceptance terminals such as POS machines or mobile devices, without checking passwords and signing confirmation.

However, the visa-free credit card needs less than 1000 yuan, and the relatively large amount needs to be swiped and free of payment to complete the transaction. Moreover, credit card banks provide cardholders with a 72-hour compensation mechanism. If the card is lost, the transaction amount is less than 65,438+0,000 RMB and it occurs within 72 hours before the loss is reported.