What is the housing accumulation fund:
Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees. The definition of housing provident fund includes the following five aspects:
1. The housing accumulation fund is only established in cities and towns, and the housing accumulation fund system is not established in rural areas.
2. Only on-the-job employees can establish the housing accumulation fund system. Unemployed urban residents and retired workers do not implement the housing provident fund system.
3. The housing accumulation fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit.
4. The long-term nature of housing provident fund deposit. Once the housing provident fund system is established, employees must be paid continuously in accordance with the regulations during their employment, and shall not be suspended or interrupted except for employees' retirement or other circumstances stipulated in the Regulations on the Administration of Housing Provident Fund. It embodies the stability, unity, standardization and compulsion of housing provident fund.
5. Housing accumulation fund is a personal housing savings fund specially used for housing consumption expenditure stored by employees according to regulations.
What is a credit card:
Credit cards are debit cards and can be overdrawn.
1. Credit cards are mainly used for repayment after consumption, and the bank's funds are used for consumption in advance to enjoy the interest-free period. This is a financial management method.
2. Credit card is not a savings card, and the deposit in credit card will not pay interest.
3. Credit cards can be used as payment tools, and can be directly consumed through POS machines installed by merchants or online payment platforms.
Credit card is the main international payment tool, so you can shop conveniently on overseas and international websites. If you are staying in a hotel on business, only a credit card can complete the pre-authorization of the hotel for you.