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About Credit Cards
1. Definition
Credit card is an electronic payment card issued by banks and non-banking credit card issuers with no guarantee or cash deposit. Bearing signs of card payment organizations such as Unionpay, Visa, MasterCard and American Express, credit card allow holders to pay for goods and services at a wide range of stores and service providers in different cities.
Credit card issuers provide credit card holders with a revolving account and a line of credit. Credit cards generally provide a grace period, during which no interest is incurred if customers fully pay the balance. If customers fail to pay the balance in full, credit issuers charge interest on the unpaid balance. If customers use credit cards to withdraw cash, interest is incurred based on the borrowing date.
2. Introduction of CMB's Credit Cards
A. Credit card number A 16-digit letter-pressed number
B. Start month and year (MM/YY)
Time of issue ("MM" is the month, "YY" is the last two digits of the year)
C. Expiration month and year (MM/YY)
Time of expiration ("MM" is the month, "YY" is the last two digits of the year), and also the time of issue if the card is renewed
D. Customer's English name
This is the customer's English name written on the application form of the credit card. We recommend using the English name written on your passport, which is generally the Chinese name in pinyin.
E. Signs
The signs indicate the categories of credit cards. Customers can use credit cards to pay for products and withdraw cash at stores and ATMs with the same symbol as those on credit cards.
F. Magnetic bar
Do not scratch the magnetic bar or place it near magnetic objects.
G. Signature
Customer should sign here on the application form to verify signature when using the card.
H. Customer service hotline
CMB provides a customer service hotline 400-820-5555, which is available 24/7 all year.
I. Overseas service line
Overseas customers can call CMB's 24-hour customer service hotline at 86-21-38784800 for any question in use.
J. Four-digit number on the signature place
The four digits on the signature place on the reverse side are the same as the last four digits of the letter-pressed card number on the obverse side. It is designed to prevent the card from being counterfeited.
K. Three-digit number behind the signature
The above-mentioned four digits on the signature place are followed by another three digits that are designed for safety management purposes, and vary with card issuers. CVC2 code (Master), CVV2 code (Visa), CAV2 (JCB), CVN2 (Unionpay)
3. Categories of Credit Cards
Credit cards comprise a large family, which can be categorized as follows:
(1) Magnetic bar card and IC card by information carrier;
(2) Single-currency card (Renminbi and single foreign currency card) and dual -currency card;
(3) Individual card and corporate card by card holder, individual cards can be divided into master and affiliated cards;
(4) Unlimited-credit-line card, platinum card, gold card and classic card by credit level and product functions and services.
All the contents stated above are for your reference only. Please consult the local branch of China Merchants Bank for further information. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page.