Credit card consumption credit has the following characteristics: ① Revolving credit line. China's card-issuing banks generally give cardholders an interest-free period of 20 to 56 days, and the maximum credit limit of cardholders is generally 50 thousand yuan. ② It has the nature of unsecured and unsecured loans. ③ Generally, there is a minimum repayment requirement. 10% of the repayment amount ④ Usually short-term, small amount and non-designated credit. ⑤ In addition to credit loans, credit cards also have the functions of cash deposit and withdrawal, transfer, payment settlement, collection and payment, universal deposit and withdrawal, bank withdrawal, online shopping and so on.

The four modes of credit card payment are as follows:

1. Credit card payment without security measures: The basic process of credit card payment without security measures is: consumers order from merchants, and credit card information is transmitted by telephone, fax, etc. without security measures, merchants and banks use their existing authorization to check the legitimacy of credit cards. Insecurity includes two aspects, one is the insecurity of credit card information transmission, and the other is that merchants may not get the payment after paying the goods.

2. Payment through a third-party broker: payment is made through a third party trusted by both parties; Credit card information is not transmitted many times on the open network, and the buyer may open an account with a third party online, so there is no risk that the credit card information will be leaked; The seller trusts the third party, so the seller has no risk; The buyer and the seller obtain some agreement from the third party in advance, that is, the buyer opens an account in the third party and the seller becomes a special merchant of the third party.

This method requires higher fairness, credibility and operational norms of third-party institutions, and the main risks are borne by third-party institutions. Although this method improves the security of payment, the payment efficiency is still low and the cost is high. It also belongs to a transitional way when using credit card to pay and settle accounts in the early stage of e-commerce development.

3. Simple credit card encryption payment: When using the simple encryption credit card mode to pay, when the buyer inputs the credit card information into the browser window or other e-commerce equipment, the credit card information is simply encrypted and transmitted safely from the buyer to the seller through the network as encrypted information.

4.SET credit card payment: SET is the abbreviation of secure electronic transaction, which is an open electronic payment protocol standard based on electronic money and is used for online transactions on the Internet. The security measures of SET mainly include symmetric key system, public key system, message digest, digital signature, digital envelope, double signature, authentication and other technologies.

Excuse me, can I pay by credit card?

Credit card loan, also called "cash installment".

Cash installment, sometimes called cash withdrawal installment, is generally applied by the credit card holder, or the issuing bank actively invites the cardholder to apply. It is a phased way to convert the credit limit in the cardholder's credit card into cash, transfer it to the designated debit card, and divide it into designated installments for return every month.

Credit card loan application conditions:

1. Hold the credit card of the bank applying for loan;

2. Good card use record;

3. There are restrictions on the types of credit cards, such as China Merchants Bank business card, official card, purchase card, ANA guarantee card or supplementary card, and cash installment business is not supported;

4. Cash installment funds shall not be used for investment (including but not limited to equity investments such as house purchase, stocks and futures), but only for consumption (including but not limited to decoration, household appliances, wedding, car purchase, student aid, tourism, medical care, etc.). ).