The credit card being approved means that the bank is reviewing the information submitted by the user. The bank will issue the card only when the conditions are met. Generally, after the credit card is approved, it will enter the card production process. After the post-production is completed, the card will be issued. The card will be mailed to the user, and it usually takes about 20 days from application to receiving the card.

The credit card may also be rejected during the application process. In this case, the information submitted by the user may not comply with the bank's regulations. For example, due to factors such as poor personal credit or a large amount of debt, if the bank refuses to apply for a card, you can consult the bank for specific reasons, and the user can apply again after improvement.

If the bank rejects the user's application, the same bank must apply again at least 3 months apart. If you choose another bank, there is no time limit. As long as the user submits better information when applying, the application can generally be approved, but the rejection caused by poor credit cannot be changed.

Users can choose different channels when applying for a credit card, such as the bank counter or the bank's official website; applying on the bank's official website can learn more about the rights and interests of this credit card, and get the credit card faster. After users get the credit card, they can activate it and use it step by step.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Advantages

Compared with ordinary bank debit 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, as long as there is no cash in the card, Just return the amount spent.

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 credit card at ATMs and POS machines with the UnionPay logo; (Note: Credit cards are only suitable for consumption. It is best not to withdraw cash. The handling fee for cash withdrawal is very high and very inconvenient. Cost-effective)

Swipe card purchases, 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 the 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.

Disadvantages

The invention of credit cards is like a double-edged sword, which can solve the temporary economic crisis, but the purpose of banks issuing credit cards is to make money. Once the interest-free repayment time is exceeded, , a high amount of interest will be charged, usually 50,000 per day.

Swiping a card for blind consumption is not like spending money one by one like paying with cash. Once you swipe it, you feel nothing, just a few numbers, which leads to blind consumption and money flowing like water.

Excessive consumption of laptop installments, digital camera installments, and smartphone installments. While enjoying your favorite items in advance, you must also consider whether you are able to repay them.

High Interest Rates If you don’t know how to take care of your credit card and cannot repay the loan as scheduled when the final payment date comes, the bank will charge you high interest rates. (The minimum repayment for the first month of a credit card shall not be less than 10% of the overdraft amount of the month)

Credit cards that require annual fees basically have annual fees, but they basically have annual fee-free policies. , for example, China Construction Bank only needs to swipe the card three times a year to waive the fee; but if you do not swipe the card the number of times specified by the bank in a year, an annual fee will be charged.

Basically, by default, fraudulent credit card purchases require no password. This makes it easy for others to use stolen credit cards when they are lost or stolen, causing unnecessary trouble or losses; but in fact, you can also apply for a credit card. Spending by swiping your card with a password - this depends on how you manage your credit card. Of course, many people, due to lack of experience in this area, cancel their credit card but do not close the account. Some criminals re-apply for a credit card overdraft, and lose money in vain. , very not worth it.

Affected personal credit record Long-term malicious arrears will naturally affect personal credit record, and may even be blacklisted by the bank. If you want to borrow money from the bank to buy a house or a car in the future, you may be rejected by the bank.

Cancellation is troublesome. CCTV once reported that a cardholder still received a bank statement several months after canceling his credit card after paying off all the outstanding balances. What happened after that made him miserable. This article The book "Credit Cards That Can't Be Repaid" exposes the shortcomings of today's credit cards.

Although there is an interest-free period for credit cards, it is only for card consumption. There is no interest-free period for cashing out, and handling fees are also charged.