1, direct consumption function. This is the most basic function of a credit card. Cardholders can use cards instead of cash in special merchants marked with Great Wall Credit Card of China Bank, including shops, hotels, restaurants, airports, hospitals and other places.

2. Savings deposit function. The bank will calculate the deposits and reserves in the credit card account according to the stipulated interest rate and regard them as savings deposits.

3. Transfer and settlement functions. With this card, the cardholder can transfer payment from the self-owned account of the banking institution in China.

4.ATM withdrawal function. Cardholders can withdraw cash at China Bank outlets and ATMs in the province.

5. Overdraft function. The cardholder can withdraw and pay the overdraft within the limit allowed by the issuing bank, and charge overdraft interest at the same time.

6. Collection and payment functions. Cardholders can provide services such as paying wages, collecting telephone charges and surfing the Internet for specific units that have signed contracts with banks through Jitong.

Cash withdrawal is an auxiliary use of credit cards. Cardholders can withdraw savings deposits from credit card accounts or borrow cash in advance at the branch counters or ATMs of card issuers. In fact, in foreign countries, card issuers do not encourage cardholders to use credit cards to withdraw cash, especially credit cards.

Extended data:

Credit cards are generally plastic cards with a special carrier, with a length of 85.60 mm, a width of 53.98 mm and a thickness of1mm. The name of the card issuer, the expiration date, the number and the name of the cardholder are printed on the front, and the chip, magnetic stripe and signature strip are printed on the back. Cardholders can use credit cards to shop, spend money and deposit and withdraw cash from banks.

Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment is made on the billing day. ?

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay.

Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

References:

Baidu encyclopedia-credit card