Nowadays, the use of credit cards is more and more high frequency, especially abroad, no need to exchange a large amount of paper money, with a credit card is enough.
Can choose to pay by the cup, but also can choose to pay by VISA or MasterCard. Convenient to do so
Can some time ago, WeChat circle of friends to spread a message:
Double credit card will be suspended.
Chinese exclusive pay advantage will be gone!
The central bank recently held a meeting, foreign currency issuance management standard single card and double card, decided to double credit card will no longer issue.
This means that the 14 year, with China characteristics of the double credit card, will officially quit the stage of history.
What is the double credit card?
The so-called "double card", which is the two sign of the issuer of a credit card is printed on, the more common is the +VISA or +MasterCard UnionPay UnionPay cardholders, credit card, the card can choose two issuers in any one of the payment channel.
Double card why was stopped?
1, according to international practice, a card can only belong to a bank card organization, and by the card organization responsible for the transfer of liquidation. Correspondingly, there is only one card issuer called a single label card.
2, double card is a historical product of the special period Chinese. Before the establishment of the cup in 2002, VISA and other international card giants have entered China, with the domestic commercial banks to issue credit cards.
In 3, the foreign brush double standard card, credit card users need to tell staff what channel to pay, and in the operation process, because of communication problems, it is possible for credit card mistakes, choose the credit card channel error. Miss Li just came back from Thailand Miss Lee encountered such a problem, I want to go cup channel, and finally took the VISA channel, did not enjoy the discount of ten percent off cup, but also deducted in addition to the handling fee.
4, the reporter learned that, prior to issuance of the double card magnetic stripe card, easy to brush stolen or copied, in foreign countries there have been many fraudulent cases. Because the magnetic stripe card security risks, the next issue will be upgraded to a single standard card chip card.
What is the impact on the cardholder?
Currently UnionPay cards in Southeast Asia, Japan and South Korea and other places coverage is higher, but does not completely cover Europe and the United States and other places, VISA and MasterCard to achieve a global coverage.
Shanghai Pudong Development Bank Credit Card Center Lv Zhuoqin told reporters, Chinese consumers exit consumption, past only need a card, cancel the double card may need two cards.
UnionPay card: card number to 62 at the beginning, the card is only a sign of the cup.
Wild card: card single standard card only one wild card organization logo
But China UnionPay has over more than and 160 overseas countries and regions, most of the time you can brush one chip UnionPay credit card payment, the merchant of a few countries will require only brush Visa or MasterCard credit card to pay.
In some areas can not pay UnionPay, you can pay with VISA and MasterCard, while in the cup coverage area, it is best to pay with the cup, you can enjoy free handling fees or discounts.
Now hold double card how to deal with?
If you double the credit card still valid, can still be used normally.
If it is valid, the bank will inform the exchange card. In consultation with the Cardholder Agreement, the bank will issue two new cards on the cards in the same level, one is the "UnionPay chip 62" at the beginning of the credit card, a card is outside the organization of foreign currency credit card, the chip card number and double card before are different.
There is no need to change the card?
Double credit card is a magnetic card, from the security as after changing the card chip card.
The chip card is not easy to be copied from the beginning of 2013, the central bank to promote a wide range of chip cards, banks have started to double card One divides into two. premise, the consent of the cardholder.
Some domestic POS machines because of the reasons for the system settings, the print out on the bill will be left with the card number, validity and other important information. Double card is a magnetic card, was easily copied. While offshore payments usually do not need a password, no this level, these copies of the card after being taken out of the outside, the risk is very high.
Cup usher in a major positive!
On the one hand is to no longer tangled problems of future UnionPay dual currency card, in the overseas bank card organization to obtain licenses before the liquidation, the stock will double card replaced;
Two is the foreign currency card single standard in the territory of relatively weak competitiveness, the current foreign currency standard single card in the territory, except in some hotels can be used, because in recent years particularly large circulation, is the foreign currency cards can be single standard in WeChat, Alipay and the issuing bank channels (POS, ATM), and to RMB settlement. So in accordance with the provisions of the new meeting, the future of this channel should also be sealed off;
Three mobile payment is emerging, such as APPLEPAY, can only be loaded UnionPay cards (including double), foreign currency is not loaded single standard card. It can be said that in addition to the sea Amoy outside, basically in the country is not the place to use;
The four is with the union the pace of internationalization, currently has 160 countries and regions can use UnionPay cards, merchant acceptance number more than 36 million households, more than 2 million of global ATM, and in the credit card, can be exempted from the currency conversion fee, relatively more preferential card brush.
