How to distinguish between credit card, debit card and credit card?
Debit card: It is a card used for daily savings and withdrawals. It cannot be overdrafted. You can save money first and then spend it. It supports online payment. It is usually a single currency. Credit card: It is a credit card and has certain Overdraft limit, enjoy the bank's consumer credit services, with interest-free period and other functions. Generally, credit cards have single currency and dual currency (US dollars, euros, Japanese yen, Hong Kong dollars, etc.). The surface of the card is different. : The debit card does not have the user name, there is no validity period of the card, only the card number, card issuing bank, phone number and other information. The credit card has the name of the cardholder, the validity period of the card, CVV code, signature field, etc., very important! You cannot disclose it to others casually. Additional answer: You cannot determine whether it is a debit card or a credit card (credit card) based solely on the username on the card. Some debit cards are also printed with the pinyin of the user name, and some credit cards are also flat cards. In short, you can tell whether a debit card or a credit card is based on the face of the card, or read the text description on the card. If the description is difficult to understand, please consult customer service. Furthermore, in addition to debit cards and credit cards, there is also a special type of credit card, which is a quasi-credit card. Quasi-credit card deposits have interest (your own money in the credit card has no interest) and can be overdrafted (for consumption and cash withdrawal), but there is no interest-free period. Furthermore, quasi-credit cards are Chinese characteristics. They were invented in China, and many units are already using quasi-credit cards to pay wages. How to distinguish between credit card, debit card and credit card?
Bank of China’s cards are divided into:
1. Great Wall electronic debit card, which is an ordinary bank card, cannot be overdrafted.
2. Credit cards, commonly known as consumption cards, are currently more commonly used. Olympic cards have five-color card faces and include VISA and MASTER single-currency and dual-currency cards. Dual-currency cards generally have restrictions on U.S. dollars. amount.
The credit limit of the card will be reflected when it is opened. There is an interest-free period of 20-50 days. You can consume first and then repay. There is no annual fee in the first year. From the next year, you can swipe the card three times a year (inclusive). The above are free of annual fees; cash overdrafts are available, but cash overdrafts require more handling fees, and it is generally not recommended to withdraw cash overdrafts. Bank credit cards are divided into debit cards, credit cards and quasi-credit cards. How to distinguish them?
Debit cards cannot be overdrafted. You can only spend as much as you save. Credit cards do not require you to deposit. Spend money from the bank first and then pay it back. A quasi-credit card means that the cardholder must first deposit a certain amount of reserve fund according to the requirements of the card-issuing bank. When the balance of the reserve fund account is insufficient for payment, the card-issuing bank can A credit card that is overdrawn within the credit limit. How to distinguish bank credit cards\debit cards\credit cards?
A credit card is a credit card
1. A credit card can be overdrafted, but a debit card cannot.
2. The credit card has a laser anti-counterfeiting mark, but the debit card does not.
3. The credit card has an expiration date, a name (some debit cards have it), and a name.
4. The credit card number is generally 16 digits. Is the credit card a debit card or a credit card?
A credit card is a type of credit card. Credit cards are divided into two categories: credit cards and quasi-credit cards based on whether a reserve fund is deposited with the card-issuing bank.
A credit card refers to a credit card in which the issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit and then repay.
A quasi-credit card refers to a credit card in which the cardholder must first deposit a certain amount of reserve fund as required by the card-issuing bank. When the reserve balance is insufficient to pay, the cardholder can overdraw within the credit limit specified by the card-issuing bank. , interest is calculated from the date of overdraft. Deposits in credit card accounts do not bear interest, while deposits in quasi-credit card accounts bear interest.
What is the difference between credit card, credit card and debit card?
Bank card classification
(1) Bank cards are divided into credit cards and debit cards
Credit cards are divided into credit cards and quasi-credit cards.
A credit card refers to a credit card in which the card-issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and repay later.
A quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund as required by the bank. When the reserve fund is insufficient to pay, the cardholder can overdraw within the credit limit specified by the card-issuing bank.
Debit cards are divided into debit cards, special cards, and stored-value cards according to different functions. Debit cards cannot be overdrawn.
Debit cards have the functions of transferring money, depositing and withdrawing cash, and spending money.
A special card is a debit card used in a specific area and for special purposes (referring to purposes other than department stores, restaurants, and entertainment industries). It has the functions of transferring funds, depositing and withdrawing cash.
A stored-value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage at the request of the cardholder and deducts money directly from the card during transactions.
(2) Other classifications of bank cards
Bank cards are divided into corporate cards and personal cards according to different issuing objects; according to different currencies, they are divided into RMB cards and foreign currency cards; according to information The carriers are divided into magnetic stripe cards and chip cards. What is the difference between debit card, credit card and credit card. Thanks.
A debit card is a savings card, and the money in it will normally give you current interest.
Credit cards and credit cards have the same function. There is a function of overdrafting without interest by swiping the card, and you can repay it within the specified time. Deposits in credit cards are interest-free. The difference between credit cards, bank cards, debit cards, credit cards, and debit cards.
Bank card: a general term for all cards.
A credit card is a credit card. First of all, Spend (swipe the card and withdraw cash) and then pay back.
Debit cards are for savings. Deposit first and then consume (swipe the card and withdraw cash).
I don’t know about debit cards. Is a credit card a debit card or a credit card?
A credit card is a non-cash payment method. It is issued to the cardholder by the bank or credit card company based on the user's creditworthiness and financial resources. The cardholder holds the credit card It is a simple credit service that does not require cash payment when consumption, and can be repaid within the specified time after the bill is billed. Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards issued by banks and give cardholders a certain credit limit. The cardholders can consume within the credit limit and then repay. Quasi-credit cards It refers to a quasi-credit card issued by a bank. The cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the quasi-credit card can be overdrawn within the specified credit limit;
Borrow Debit card refers to a bank card that deposits first and then consumes (or withdraws cash) without overdraft function. According to their different functions, they can be divided into debit cards (including savings cards), special cards and stored-value cards. Debit card is a credit tool with functions such as transfer settlement, cash deposit and withdrawal, shopping and consumption. Debit cards cannot be overdrawn. Debit cards have the functions of transferring money, depositing and withdrawing cash, and spending money. A special card is a debit card used for special purposes in a specific area (purposes other than department stores, restaurants, and entertainment industries). It has the functions of transferring funds, depositing and withdrawing cash. A stored-value card is a prepaid wallet-style debit card in which the bank transfers funds to the card for storage at the request of the cardholder and directly deducts funds from the card during transactions.
Combining the characteristics of the two: a credit card is a credit card, not a debit card. What is the difference between debit card, credit card and credit card?
Types of bank cards
(1) Bank cards are divided into credit cards and debit cards
Credit cards are further divided into credit cards and quasi-credit cards.
A credit card refers to a credit card in which the card-issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and repay later.
A quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund as required by the bank. When the reserve fund is insufficient to pay, the cardholder can overdraw within the credit limit specified by the card-issuing bank.
Debit cards are divided into debit cards, special cards, and stored-value cards according to different functions. Debit cards cannot be overdrawn.
Debit cards have the functions of transferring money, depositing and withdrawing cash, and spending money.
A special card is a debit card used in a specific area and for special purposes (referring to uses other than department stores, restaurants, and entertainment industries). It has the functions of transferring funds, depositing and withdrawing cash.
A stored-value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage at the request of the cardholder and deducts money directly from the card during transactions.
(2) Other classifications of bank cards
Bank cards are divided into corporate cards and personal cards according to different issuing objects; according to different currencies, they are divided into RMB cards and foreign currency cards; according to information The carriers are divided into magnetic stripe cards and chip cards.
2. Bank card application
Individuals applying for bank cards must provide their valid identity documents specified by the public security department; units applying for a basic account must submit a certificate issued by the People's Bank of China. license.
Cardholders can request bank card regulations from the card-issuing bank, clarifying the types of bank cards, usage restrictions, interest calculation and charging standards, and the rights and obligations of both parties.
3. Use of bank cards
Bank cards and their accounts can only be used by the cardholder himself and may not be rented or lent.
Depending on the type of bank card, cardholders can enjoy the following services:
(1) Consumption
Cardholders can use the card according to the scope of use specified by the card-issuing bank. And how to use it When shopping or paying service fees at a special merchant, usually you can pay in lieu of cash by showing your bank card and entering the reserved password, or by showing your ID.
(2) Deposits, withdrawals, and remittances
Cardholders can use bank cards to handle deposits, withdrawals (including withdrawals from different places and inter-banks) and remittance services.
(3) Overdraft
Credit card holders can also apply for a certain amount of credit overdraft.
(4) Use of corporate cards
Corporate cards are not allowed to deposit or withdraw cash. All funds in the corporate cards must be transferred and deposited from the basic account. The unit card can handle the settlement of goods transactions and labor supply payments, but no overdraft is allowed.
4. Bank card interest calculation and charges
Banks do not pay interest on deposits in credit cards and stored-value cards.
Interest will be paid on deposits in credit cards and debit cards (excluding stored value cards) in accordance with the provisions of the People's Bank of China.
Credit card non-cash transaction overdrafts can enjoy an interest-free repayment period. The interest-free repayment period is up to 60 days. If the cardholder repays the bank funds within the interest-free repayment period, there is no need to Pay overdraft interest on non-cash transactions.
However, the cardholder's overdraft exceeds the credit limit stipulated by the bank or chooses the minimum repayment amount treatment (the credit card holder cannot repay the full amount during the interest-free period, but chooses to repay according to the minimum repayment amount stipulated by the card-issuing bank) , no longer enjoy the interest-free treatment.
Credit cardholders who withdraw cash or use quasi-credit card overdrafts do not enjoy the interest-free repayment period and the minimum repayment amount, and overdraft interest is paid at a daily interest rate of 0.05%.
If the credit card overdraft exceeds the bank's credit limit and cannot repay the minimum repayment amount, the bank will charge a 5% over-limit fee and late payment fee for the excess overdraft limit and the unrepaid minimum repayment amount.
5. Bank card loss reporting
Cardholders who have lost their bank cards can report the loss through the 24-hour loss reporting service hotline and written loss reporting. The responsibility for reporting the loss lies with the issuing bank. This should be clearly stated in the articles of association and relevant agreements.
6. Universal bank card network
Universal bank card network means that institutions operating bank card business use their own network systems, terminal equipment, special merchants and technical service means to communicate with banks The card is connected to the inter-bank information exchange system to realize the universal use of bank cards across banks.
Internet bank card holders can withdraw cash from any online bank's ATM machine across banks, make purchases at any online POS machine, and can also withdraw money and spend money across regions.
Currently, bank card users can withdraw cash and spend money across banks. When going to other places, as long as the local bank posts the "UnionPay" logo, cardholders can withdraw cash and spend money across regions.
When a cardholder withdraws money from another bank in the same city or another place, the bank will charge a handling fee of no more than 2 yuan (excluding cross-regional withdrawal fees for withdrawals from other places).