American Express refers to a credit card introduced by American Express. In 1958, Americanexpress introduced the first American Express card. The identification mark of American Express card is "American Express". The service crowd of American Express card is mainly high-end users. American Express Company has its own payment system and issues credit cards directly to consumers. American Express has reached cooperation with many institutions and jointly launched various credit cards, such as Peony American Express Card, China Merchants Bank American Express Card and CITIC American Express Card.

what is a credit card

credit card (English: credit card), also known as credit card. It is a non-cash transaction payment method and a simple credit service.

Credit cards are generally special carrier plastic cards with consumer credit, which are 85.6mm long, 53.98mm wide and 1mm thick. It is issued by banks to individuals and units, whereby they can make purchases, spend money and deposit and withdraw cash from banks. The form is a card with the name of the issuing bank, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature on the back.

Credit cards are issued to cardholders by banks or credit card companies according to users' creditworthiness and financial resources. Cardholders don't need to pay cash when they use credit cards, and they will make repayment on the billing date.

On April 15th, 216, the central bank issued the Notice of the People's Bank of China on Matters Related to Credit Card Business, canceling the late payment fee for credit cards, introducing liquidated damages, and prohibiting the collection of over-limit fees. The new regulations came into effect on January 1st, 217.

Debit card is an ordinary savings card, and its account attribute is current deposit account, which can be used for consumption, atm deposit and withdrawal, etc. Credit cards can be used for consumption, atm deposit and withdrawal, etc. The biggest advantage is that they can be overdrawn (with a certain credit limit)

In general, bank cards are divided into credit cards and debit cards.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the issuing bank gives the cardholder a certain credit line, and the cardholder can spend first and then repay. Quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund according to the requirements of the bank, and when the reserve fund is insufficient to pay, it can be overdrawn within the credit limit stipulated by the issuing bank.

debit cards are divided into transfer cards, special cards and stored-value cards according to different functions. Debit cards cannot be overdrawn. The transfer card has the functions of transfer, cash deposit and withdrawal and consumption. 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 money and depositing and withdrawing cash. Stored value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage according to the cardholder's requirements, and directly deducts money from the card during the transaction.