Main uses of credit cards:

1. Direct consumption function. This is the most basic function of a credit card. Cardholders can use the card instead of cash to settle payments at specially designated merchants marked with the Bank of China Great Wall Credit Card logo, including stores, hotels, restaurants, airports, hospitals and other places.

2. Savings deposit function. The bank calculates the margin and reserve funds of the credit card account according to the prescribed interest rate, and treats them as savings deposits.

3. Transfer settlement function. With the card, cardholders can transfer funds from their own accounts to pay at Bank of China's business facilities.

4. ATM cash withdrawal function. Cardholders can withdraw cash at Bank of China branches and ATM machines in the province.

5. Overdraft function. Cardholders can overdraft, withdraw cash, and use funds within the limit allowed by the card-issuing bank, and overdraft interest will be charged at the same time.

6. Collection and payment function. Cardholders can handle services such as salary payment, phone bill collection, and Jitong Internet access for specific units that have signed a contract with the bank.

Cash withdrawal is an auxiliary use of credit card. Cardholders can withdraw the savings from their credit card accounts at the card issuer's branch counters or ATMs, or they can also borrow cash in advance. In fact, in foreign countries, card issuers do not encourage cardholders to use credit cards to withdraw cash, especially credit cards.

Extended information:

A credit card is generally a special carrier plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. The name of the card issuer, validity period, number, and card holding number are printed on the front. The cardholder's name and other contents are included on the back with a chip, magnetic strip, and signature strip. Cardholders can use their credit cards to shop and spend money with special entities and deposit and withdraw cash from banks.

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 billing 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 quasi-credit card in which the cardholder deposits a certain amount of reserve as required. When the reserve account balance is insufficient to pay, the card can be overdrawn within the specified credit limit. The so-called credit card generally refers to a credit card only.

Reference: Baidu Encyclopedia-Credit Card