1. A credit card is a debit card. The overdraft limit in a credit card is a sum of money granted by the bank to encourage cardholders to spend by credit card. Transfer is not consumption, so it is not the basic function of credit card.
It is understood that the credit cards of ICBC, China Construction Bank, Agricultural Bank, China CITIC Bank and other banks can be transferred to their peers' savings cards, but they cannot be transferred across banks. Banks such as Bank of China, Bank of Communications, China Guangfa Bank, China Merchants Bank and Ping An Bank can transfer credit card overdrafts to peer savings cards, and support inter-bank transfer of credit card overdrafts. However, the inter-bank transfer fee for credit card overdraft is relatively high, and there are many restrictions when handling it.
2. Credit card transfer, like cash withdrawal, has a certain limit, and it also charges fees and interest; In addition, the overdraft transfer of credit cards needs to be handled through online banking or telephone banking, and cannot be completed at the bank counter or self-service equipment. Limit, handling fee and interest standard are the same as credit card withdrawal.
If the cardholder transfers money by credit card, the bank will charge five ten thousandths of interest every day, and a one-time handling fee of 1% will be charged according to the transfer amount. If the cardholder forgets to repay the loan, he will have to pay the overdue fine. The standard is 3% of the total overdue amount, and it is not lower than 30 yuan; If the cardholder prepays, he/she needs to pay the prepayment fee. The amount is 2% of the transfer principal, and the new functions enjoyed by credit card transfer are expensive.
Extended data
Swiping a card on a POS machine is the most common way to use a credit card, and it is also a way to swipe a card online. When swiping a card, the operator should first check the validity period of the credit card and the cardholder's surname. Then, according to the issuing bank and the currency to be paid, select the corresponding POS machine, draw the magnetic stripe of the magnetic stripe credit card on the POS machine, or insert the chip credit card into the card slot, connect with the payment gateway such as the bank, and input the corresponding amount.
After the remote payment gateway receives the information, the POS will print a receipt (at least two copies) for credit card payment, and the cardholder should sign the receipt after checking that the information on the payment receipt is correct. After checking the signature on the receipt and the signature on the back of the credit card (including the complete name matching and the basic handwriting matching), the operator sends the credit card copy and the credit card payment receipt to the cardholder. At this point, the credit card swiping program on the POS machine is completed.
Baidu Encyclopedia: Credit Card