2. The main function of the savings card is to save deposits. The cardholder can realize credit card consumption, ATM withdrawal, transfer and various payments through the electronic payment network established by the bank and the magnetic stripe reading and manual password input of the card. The expenses incurred through the card are equal to the reduction of the balance of the savings account.
3. Credit card is a non-cash payment method and a simple credit service; Credit cards are generally plastic cards with a length of 85.6 mm, a width of 53.98 mm and a thickness of 1 mm, which are issued to cardholders by banks or credit card companies according to users' credit and financial resources. Cardholders do not need to pay cash when they use credit cards, and they will make repayment on the settlement date.
expansion: there are three different ways to transfer money from credit card to savings card, and the handling fee is also different.
1: Overpayment Transfer
The so-called credit card overpayment transfer, that is, the extra money saved in the credit card has to be transferred out, is actually equivalent to overpayment recovery. We have written relevant articles before about the recovery of overpayment. Some credit cards are free, such as Guangfa and China Construction Bank, and some bank credit cards are free to be recovered through designated channels. For example, China Merchants Bank credit card can be recovered from my savings card through the Pocket Life APP, which is free of charge. However, many of them charge handling fees, generally .5%-3%.
2: Receiving overdraft transfer is equivalent to borrowing cash in advance
You can transfer the funds to the UnionPay card of any bank (some banks are limited to their own names) at the ATM of the designated bank in the designated city, and receive the account in real time. The premise is that you must have a debit card of the bank and open one of telephone banking, online banking and mobile banking.
this kind of transfer, in addition to the handling fee, also charges interest, from the date of transfer, the daily transfer amount of five ten thousandths of interest. Moreover, the general transferable amount is 5% of the credit limit, and there is an upper limit every day.
3: credit card cash installment transfer
The so-called credit card cash installment means that the bank can grant the cardholder a credit line beyond the credit line according to the cardholder's credit line and credit card usage record, which can be used for the consumption of the specified type of merchants. After successful cash installment, the money will be transferred to the debit card in the cardholder's own name. This can be transferred out, but there is also a handling fee for handling this business. The charging standards for cash installment fees vary from bank to bank, which is subject to bank regulations.