Preferred value-added service fee:

This is a value-added service that banks require cardholders to pay or exchange points for in order to protect cardholders’ rights and interests such as card security. Generally speaking, these value-added service fees are priced according to regulatory standards, and banks will inform users through various channels such as credit card websites and application forms and agreements when applying for cards.

In other words, the preferred value-added service fee is the fee charged by the credit card.

The credit card preferred value-added service fee is a value-added service that the bank requires the cardholder to pay or redeem with points in order to protect the cardholder's rights and interests such as card security.

Some credit card value-added service fees are quite good, such as the protection of account security, high-value aviation accident insurance, etc. Generally, these value-added service fees are priced according to the regulations of the regulatory authorities. The bank will use the credit card website, card When applying, fill in the application form to receive the agreement and other channels to inform the user.

So, what is a credit card?

What is a credit card:

A credit card is also called a credit card. It is a credit certificate issued by a commercial bank or credit card company 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.

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 , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is Credit Card.

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.