However, the credit card itself is such a mode of spending first and then repaying, and banks do not encourage cardholders to deposit more money in the credit card. Because if the overpaid part exists in the credit card for a long time, it may become a "bad debt", which will have an impact on personal credit information. In fact, not only in China, but also internationally, it seems to be a common practice to collect overpayments.
Therefore, there is no interest on saving money by credit card: the savings card will bear interest according to the interest rate announced by the bank, but the credit card will not give any interest; There is a charge for withdrawing money: credit cards are easy to deposit money, but it is troublesome to take them out. It is obvious that you withdraw money yourself, but you have to pay the bank. Because the amount of money in a credit card exceeds the credit card limit, it becomes an overpayment, and it may not be possible to withdraw the overpayment at will.
To sum up, although credit card also has the financial function of bank card, if it is regarded as a savings card, it will cause some unnecessary troubles.
The difference between credit card and savings card
1. savings card: its main function is saving, that is, it can deposit money in the past and handle various deposit businesses, such as time deposit and demand deposit. Different deposit types have different interest rates. In addition, you can also use a savings card to withdraw cash. Peer withdrawals are generally free, and some banks are free to withdraw cash across banks.
2. Credit card: Focus on overdraft consumption, that is, give a certain credit line after the card is approved. You can use a credit line to spend money, or you can overdraw to withdraw money. Credit card consumption has an interest-free period. In addition to calculating interest, overdraft withdrawal also requires withdrawal fees. Either overdraft or credit card consumption must be repaid, otherwise it will lead to overdue.