What is the use of Alipay's Sesame Credit score?

The functions of Sesame Credit Score: 1. You can enjoy deposit exemption and monthly rent payment benefits. When your credit score is above 750 points, you can also enjoy deposit-free services; 2. You can rent Yongan city bicycles without deposit; 3. You can enjoy credit-free accommodation in many hotels of Alibaba Travel, with deposit-free and stay-first-pay-later service; 4. You can enjoy deposit-free car rental and free car rental from third-party car rental agencies such as Ubaibike, Shenzhou Car Rental, and Ehi Car Rental. Pre-authorized limit benefits; 5. You can enjoy the convenient benefits of shopping first and paying later; 6. You can enjoy credit-exclusive discounts to purchase food, drink, and entertainment-related services.

The operating environment of this tutorial: HarmonyOS 2 system, Alipay 10.2.76, HONOR V30 mobile phone.

After user authorization, Alipay Zhima Credit scores are based on information from various dimensions (covering financial lending, transfer payment, investment, shopping, travel, accommodation, life, public welfare and other scenarios), through artificial intelligence, Cloud computing and other methods objectively present a comprehensive score of personal credit and are used to predict an individual's default rate in credit behavior. Generally speaking, the higher the Sesame Credit score, the higher the probability of keeping promises.

The role of Sesame Credit Score: When your Sesame Credit Score reaches a certain score, you can enjoy the following benefits.

1. Affecting consumer loans

Including Alipay loan (if Sesame score is ≥600 points, you have the opportunity to apply), and good term loan (if Sesame score is ≥700 points, you have the opportunity) Application), as well as bank credit card applications and loans, etc. Zhima Credit has successively cooperated with other financial institutions to use Zhima points as the basis for lending.

2. Deposit-free rental benefits

I love my family's apartment rental, deposit exemption, monthly rent payment (Sesame points ≥ 600 points have the opportunity to enjoy); Sesame points Those with a score of 750 or more may also have the opportunity to enjoy the deposit-free service.

3. Rent Yongan city bicycles without deposit (you have the opportunity to enjoy it if your sesame score is ≥600 points)

4. No deposit for hotel accommodation

Those with Sesame points ≥ 600 and no bad records will have the opportunity to enjoy credit accommodation in many hotels of Alibaba Travel, with deposit-free and stay-now-pay-later services.

5. Car Rental Benefits

Those with Sesame scores higher than 650 and no bad records will have the opportunity to enjoy deposit-free car rentals from Ubaibike, Shenzhou Car Rental, and eHi Third-party car rental agencies such as Car Rental offer benefits such as deposit-free car rental and pre-authorization limit exemption. 6. Visa application Troubled by cumbersome processes such as data deposit certificates, more countries will join in the future.

7. Online shopping with credit, try first and pay later

If your Sesame score is ≥650 points, you will have the opportunity to enjoy the convenient benefits of shopping first and paying later.

8. Credit Rental

If your sesame score is ≥600 points, you will have the opportunity to rent some uncommon photography equipment, luxury goods, digital products, etc. without deposit on credit, which is convenient. For short-term use, you don’t have to pay a high price to buy the product, which is convenient and affordable.

9. Credit discounts on food, drink, and entertainment

If you have a Sesame score of ≥650 points, you will have the opportunity to enjoy credit-exclusive discounts to purchase food, drink, and entertainment related products/services.

10. Credit recovery

If your sesame score is ≥580 points, you will have the opportunity to enjoy door-to-door pick-up and mailing provided by platforms such as Xianyu, Huishoubao, and Guimahuishou. Multiple benefits such as money in advance and high recycling prices.

Extended information

The composition of Zhima credit score:

1. Credit history: past credit account repayments Payment records and credit account history; 2. Behavioral preferences: preferences and stability in shopping, payment, transfer, financial management and other activities;

3. Contract performance ability: stable financial resources and personal assets;

4. Identity characteristics: enough rich and reliable basic personal information left in the process of using relevant services;

5. Personal connections: friends’ identity characteristics and follow-up information Friend interaction level.

The score range of Sesame Credit Score is 350-950 points.

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