Savings card is a kind of financial transaction card issued by the bank to provide financial services for depositors, which belongs to a kind of debit card. Its main function is to deposit and withdraw money at networked ATMs and bank counters and spend it at networked POS machines.
Credit cards are divided into credit cards and quasi-credit cards.
Credit card refers to the credit card that the issuing bank gives the cardholder a certain credit limit, and the cardholder can spend first and then repay. Credit card is a real credit card, which has the functions of credit consumption, transfer settlement and cash deposit and withdrawal. It has the following characteristics: consumption before repayment, interest-free repayment period (up to 56 days), minimum repayment amount, and repayment by installments when customers overdraw.
Semi-credit card refers to a credit card that the cardholder must first deposit a certain amount of reserve fund according to the requirements of the issuing bank, and when the balance of semi-credit card in the reserve fund account is insufficient to pay, it can be overdrawn within the credit limit specified by the issuing bank. (Now you don't have to pay the reserve fund for quasi-credit cards)