The difference between credit cards and bank cards

1. The functions are different. The main function of bank cards is to save and withdraw money, while the main function of credit cards is consumption; 2. The validity periods are different. , the validity period of credit cards is mostly five years, and the validity period of bank cards is divided into 5 years, 10 years or even indefinitely; 3. There is interest when depositing money in bank cards, but there is no interest when depositing money in credit cards; 4. The annual fees are different. The annual fees for bank cards are usually more than ten yuan, but the annual fees for credit cards are as many as hundreds or even thousands of yuan.

Credit cards are also called credit cards. They are issued by commercial banks or credit card companies. A credit certificate issued to credit-qualified consumers. 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.

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card.

This type of card can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., and are used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal organizations.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card.

The gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

What is the difference between credit card and bank card?

The difference between credit card and bank card: Credit card is a type of bank card, and bank card mainly includes two types: credit card and debit card. When using a credit card, you should consume first and pay later, and you can use it as an overdraft within the credit limit. Debit cards require users to deposit funds before they can be used, and overdrafts are not supported.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. 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.

There are still many differences between credit cards and bank cards, but they also have many similarities, and credit cards are also a type of bank card. There are three main types of bank cards: debit cards, credit cards and quasi-credit cards. Credit cards spend money first and then pay back, so they are also called credit cards; ordinary bank cards save money first and spend later, so they are called debit cards.

The difference between credit cards and bank cards

The functions are different. The main function of a bank card is to save and withdraw money, while the main function of a credit card is consumption; the validity period is different, and the validity period of a credit card is mostly It is five years. The validity period of a bank card is divided into 5 years, 10 years or even indefinitely. There is interest when depositing money in a bank card, but there is no interest when depositing money in a credit card.

In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old in mainland China) and have certain direct financial resources can apply for a credit card from the card issuing bank. Sometimes, legal persons can also be applicants. Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee. The merchant and bank confirm that the credit card is valid and contact the bank to request authorization according to the contract signed with the card issuer. Authorization is to further confirm the cardholder's identity and the amount that can be used. Authorization is generally made when the usage amount specified in the contract is exceeded.

After receiving the authorization notice, the card-issuing bank will issue an authorization instruction based on the deposit balance of the cardholder's deposit account and the bank's agreement to allow overdraft, and reply whether it agrees to conduct the transaction. Swiping your card on a POS machine is the most common way to use a credit card, and it is a way of swiping your card online. When swiping a card, the operator should first check the credit card's validity period and cardholder's last name and other information. Then, select the corresponding POS machine according to the card issuing bank and the currency type to be paid, and slide the magnetic stripe of the magnetic stripe credit card on the POS machine, or insert the chip credit card into the card slot, connect to the bank, etc. for payment, and enter the corresponding amount. After the remote payment accepts the information, the POS will print out a receipt for the card payment (at least two copies). The cardholder should sign the receipt after checking that the information on the payment receipt is correct. After the operator checks the signature on the receipt and the signature on the back of the credit card (including that the name completely matches and the handwriting basically matches), the operator gives the credit card and a copy of the card payment receipt to the cardholder. At this point, the card swiping procedure on the POS machine is completed. Slapping a card on an RFID machine is a new way of using credit cards, and it is also a way of networking.

What is the difference between bank cards and credit cards?

1. The differences between bank cards and credit cards are mainly reflected in the following aspects: different functions, different validity periods, different annual fees, etc. .

2. Cards are very common in life. The most commonly used ones are bank cards and credit cards. Both are issued by banks and are linked to money. Some people are new to them. , I can’t tell the difference. The difference between a credit card and a bank card is as follows:

1) The functions are different. The main function of a bank card is to save money, withdraw money or manage finances, etc.; the main function of a credit card is For consumption, cardholders can consume first and then repay;

2) The validity period is different. The validity period of credit cards is mostly five years, while the validity period of bank cards is divided into 5 years, 10 years or even indefinitely;

3) There is interest for depositing money in bank cards, but there is no interest for depositing money in credit cards; 4) The annual fees are different. The annual fee for bank cards is mostly more than ten yuan, but Annual fees for credit cards can run into hundreds or even thousands of dollars.

3. There are still many differences between credit cards and bank cards, but they also have many similarities, and credit cards are also a type of bank card. There are three main types of bank cards: debit cards, credit cards and quasi-credit cards. Credit cards spend money first and then pay back, so they are also called credit cards; ordinary bank cards save money first and spend later, so they are called debit cards. You will understand what it means if you learn some knowledge. After reading the above introduction, I believe you will have a better understanding of the difference between credit cards and bank cards. In the process of using a bank card, there is no overdue payment or credit impact, but using a credit card is different. If it is overdue, it will affect your personal credit standing.

4. Generally speaking, bank cards include credit cards, and the difference between credit cards and debit cards is still very big, which is equivalent to two different consumption concepts. One is to consume first and then pay back, the other is to hold a savings card and then consume. In reality, more and more people are using credit cards, which has become a trend, but the savings function of debit cards is still essential in our lives.

Credit cards and debit cards both belong to the category of bank cards. Most of the ones we usually use to save and withdraw money are debit cards issued by various commercial banks. Credit cards are actually a category of bank cards. Bank cards can be divided into "debit cards" (also called savings cards) and "credit cards" according to their nature. Credit cards are further divided into "credit cards" and "quasi-credit cards".

That’s it for the introduction to the differences between bank cards and credit cards.