Business card is a kind of credit card (credit card) issued by banking financial institutions for employees of administrative institutions. It has overdraft function and is mainly used for official expenses. Therefore, if you hold a business card and use it as a card, it is easy for the bank to get the card.
The so-called official card refers to the credit card held by the staff of the financial budget unit, which is mainly used for daily official expenses and financial reimbursement. The scope of funds for business card consumption mainly includes travel expenses, conference expenses, entertainment expenses and sporadic purchase expenses. Business cards have the common attributes of credit consumption and other common attributes of ordinary bank cards, and also have the unique attributes of financial management. It can combine the relevant requirements of financial management with the unique advantages of bank cards, and it is a new financial management tool and means. At the same time, the official card has the basic attributes of a general bank card, and it is free of interest to withdraw cash.
Official cards can only be handled by people who are civil servants, and the pass rate is higher than that of ordinary credit cards. Business cards will not increase the credit limit of other banks' credit cards, but some banks will refer to them, so it will be easier to apply for credit cards with business cards.
Business card is not a bank card in the general sense, but a new financial management tool and means that combines the relevant norms of financial management with the settlement method of bank cards. Business cards have special management regulations different from ordinary bank cards in terms of card type selection, quota setting, organization bid, settlement reimbursement, payment and settlement information management, etc. Therefore, business cards belong to the category of financial management. These two attributes of the official card are inseparable, and it cannot be simply understood that the official card is a settlement tool instead of cash payment.
First, the difference between a business card and a credit card
The applicable conditions are different. The cardholder of the official card must be a staff member of the budget unit, and the identity of the prospective cardholder must be confirmed when handling the card. However, if it is an ordinary credit card, it refers to a bank card that the issuing bank will give the cardholder a certain credit limit, within which the cardholder can make daily consumption and repay when due.
Enjoy different services. The service of the official card includes free annual fee, free card replacement when it expires, free handling fee for depositing money in the local bank, and free SMS. Ordinary credit cards generally enjoy an interest-free repayment period of up to 56 days, and there is also a minimum repayment amount. If there is an overdraft, the cardholder can repay it in installments.
The usage scenarios are also different. The main usage scenarios of business cards are credit cards for daily business expenses and financial reimbursement. Ordinary credit card use scenarios are mainly life, shopping, entertainment and so on.