Convenience Card is a kind of loan card from rural credit cooperatives. Its validity period is 3 years. When it expires, we can go to the bank to go through the renewal procedures, and we will go through the loan procedures again. This The time limit is still 3 years.

Conditions for applying for the Rural Commercial Bank Convenience Card:

1. The applicant has a stable job and income, and has the ability to repay the principal and interest of the loan; the applicant is required to have good personal credit status and no Bad credit record. In addition to having all the features of a debit card, it also has loan features.

2. Large credit limit and low interest rate. The loan interest rate of the card issuer for the same period and grade will be implemented. Low fees. The convenience card fully follows the debit card (deposit card) charging standards without any other surcharges. Cash withdrawal is convenient and you can withdraw cash in full. The procedure is simple. With the card, you can apply for loans and repayments anytime and anywhere at the counters of more than 4,000 rural credit cooperative outlets. In the future, self-service loan channels such as ATM machines will be opened one after another.

The difference between convenience cards and credit cards is:

In addition to the functions of ordinary credit cards, convenience cards can also enjoy convenient services, while ordinary credit cards cannot. Convenience cards are a type of credit card, also called credit cards, which are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit.

Conditions required for convenience cards:

1. Applicants must be at least 18 years old.

2. Applicants must be natural persons such as farmers, merchants, urban residents, and public officials.

3. The applicant’s personal credit is good.

4. Applicants must have a stable job and financial income

Credit card:

Credit card, also called debit card, is issued by a commercial bank or credit card company. A letter of credit issued by a credit-qualified consumer. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit. Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the bill date. Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; a quasi-credit card refers to a credit card in which the cardholder can A quasi-credit card that deposits a certain amount of reserve fund and can be overdrafted within the specified credit limit when the reserve account balance is insufficient for payment. The so-called credit card generally refers to just a loan card.