Both are possible. Agricultural Bank of China has both debit cards and credit cards.
Agricultural Bank of China cards are usually divided into two types, one is a debit card, also called a savings card, and the other is a credit card, also called a credit card. Deposit cards have functions such as savings, consumption, and transfers. In the case of savings, deposits enjoy interest, but overdrafts are not allowed. Credit cards can be used for consumption and overdrafts are supported, but the money stored in the credit card does not enjoy interest. In addition, you need to pay a cash withdrawal fee when withdrawing cash. .
The savings card applied for at the Agricultural Bank of China is a financial transaction card issued by the bank to provide financial services to depositors. It is a type of debit card. Its main function is to use it at networked ATM machines and banks. Deposit, withdraw money over the counter and make purchases at the networked POS. Of course, the banking industry provides credit card services. The credit card will give the cardholder a certain credit limit, and the cardholder can consume within the credit limit and then repay. In addition, there is also a credit card. The cardholder is required to deposit a certain amount of reserve fund. When the reserve account balance is insufficient for payment, a quasi-credit card can be overdrafted within the specified credit limit. Usually credit cards have annual fees, and the higher the credit card level, the more expensive the annual fee, and the bank earns a sum of money from this; there are also interest and handling fees. Credit cards have the function of withdrawing cash, so it goes without saying that you have to swipe the card to make purchases. However, after withdrawing cash and before repaying the money, the cardholder needs to pay interest of 5% per day until it is paid off. The same applies to the handling fees. You also need to pay a handling fee of 1%-3% when withdrawing cash.
The main difference between these two cards is that credit cards allow you to consume first and then repay, while debit cards allow you to deposit first and then spend. In addition, the threshold for applying for a credit card is a bit high, and there are requirements for the cardholder's credit record, income level, repayment ability, personal situation, etc. However, applying for a debit card is relatively simple, and you can apply with your ID card. .
About Agricultural Bank of China
Agricultural Bank of China is a large listed bank in China and one of the five largest banks in China. Originally established in 1951 (the year of Xin Mao), it is the first state-owned commercial bank established in New China and an important part of China's financial system. Its head office is located in Beijing. Agricultural Bank of China is not a state-owned enterprise, but a central enterprise. It is a large state-owned bank managed by the central government. Since the late 1970s, Agricultural Bank of China has successively experienced different stages of development, including a national specialized bank, a wholly state-owned commercial bank, and a state-controlled commercial bank. Agricultural Bank of China is an important part of China's financial system.