Application:

In most cases, with full civil capacity (for the Chinese mainland citizens over 18 years of age), and there is a direct source of income of citizens, or no direct source of income college tudents, can apply for credit cards to the card line. Sometimes, the legal person as the applicant. Usually by filling out the application form credit card application form and submit copies of certain documents and proof to the issuer. Application comes with a credit card contract, the applicant authorized issuer or related departments to investigate the relevant information, and the authenticity of the statement submitted information, issuers privacy policies, and to have the applicant’s signature.

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Divided by issuing organizations: Visa, MasterCard , American Express Card, JCB Card, Discover card found (Americas), the Joint Credit Card (Taiwan), Diners Card , NETS (Singapore), BC Card (Korea), China Union Pay Card (China), Banknetvn (Vietnam), etc..

Divided by currencies: a single currency card, dual currency cards. credit rating: Standard Card (Silver), Gold, Platinum , Infinite card Divided according to whether the joint distribution: joint card, standard card (non-joint card), identity card. Shape and materials by the card: Standard cards, mini cards, shaped cards , transparent cards and so on. Divided by the information storage media: magnetic stripe card, chip card.

Divided according to the relationship between the card: Main Card, subsidiary card. Divided by the identity of the holder: personal cards, business card , corporate card. In addition, mainland China and the international scope of the credit card is different. China’s credit card generalized that credit cards and quasi-credit cards ; narrow sense refers to credit cards. That is narrow on the Chinese mainland’s credit card and credit card under the international agreement. [1] Mainland China, including credit cards credit card referred to, quasi-credit cards, debit cards three categories. And internationally as credit cards, only refers to Mainland China called Credit Card.

This is the difference between the three: Credit Card holders do not need to pre-deposit account can be overdrawn consumption, followed by bank provides loan repayment on the line, can enjoy a certain time of interest-free period. To put it bluntly debit card is a debit card, you must first deposit after the consumer, can not be overdrawn. Associate Credit Card is the perfect social credit system, the environment, or stored by a security deposit can only be conditional, limited overdraft credit card spending, which has “Chinese characteristics” of the credit card is out of the financial sector.

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After spending the first payment Usually do not have the deposit feature, place excess payment of interest is not calculated For Sale (Sales) interest-free payment transaction treatment, generally 20-30 days after the billing month, full payment for the conditions Interest is generally accrued daily simple interest rate, monthly compound interest

Chinese mainland ,Bank issued rests, A minimum amount,The failure to schedule the minimum amount of repayment, interest or late payment penalty imposed; malicious overdraft , and to fraud as criminal.There is no national collection agency personal credit information, it is more complicated audit, in addition to the need for proof of identity documents, are often asked to provide work, property, financial statement, automotive and sometimes also need security.Called “quasi-credit cards,” credit card has the following characteristics: Deposit interest, no interest-free repayment period . Can also be seen as an ATM card can be overdrawn.

Hong Kong

Bank issued rests, A minimum payment, To ID cards can handle.Some banks ATM card inserted “query balance” can be listed on the billing information on, and the repayment at any time convenient.Gift cards generally more open rich countries, but often
require a period of time can not cancel the card.Open the card, remove the annual fee will usually (one year onwards), the subsequent use as long as there is, as long as each contact with the customer service, most are likely to continue to waive the annual fee each year.

Taiwan

Bank issued rests,A minimum payment,Double documents (identity cards and other valid government documents) apply, in
addition to students, are required to provide proof of work or financial resources.Open gift cards abundant credit card customers pay more than a feedback mechanism. To open more free annual fee card (one year onwards), the subsequent use as long
as there is, as long as each contact with the customer service, most are likely to continue to waive the annual fee each year.
As of January 2008, total circulation of 19,854,788 Zhang valid card number. [1]

Japan

Issue rests with financial companies, also with the bank card one composite card. No minimum payment, but almost all of the credit card companies will need to have a monthly payment default action.With identity documents can be handled. There are three nationwide personal credit information collection agencies.Date of issue of the balance sheet date to bill for a long span of time, usually ten days. Therefore, interest-free payment period longer.Prior agreement required monthly payments, POS transactions will also be asked to use a paid or installment method.Repayment is not flexible and often can not repay by the ATM, but only through banks or automatic payment to the bank / post office counter, convenience store payment. Bank / convenience store payment due through the “remittance” basis,fees will usually be asked by the customer. Customers will receive invoices, and
according to the laws of Japan more than 30,000 yen 200 yen invoices need to affix the stamp duty, such as the payment more than 30,000 yen, stamp duty fees will be borne by the customer extra.

Interest is called “fee”, sales (Sales) transactions and take cash transactions (Cashing) different interest rates, sales transactions are
usually in the 15-18% interest rate, the Japanese law received more than 29.2% annual interest rate of the loan shark is a criminal offense, therefore, most credit card companies charge close to taking cash transactions but not more than 29.2% of the annual interest rate, usually 26-29%.

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