1. Differences

The differences are roughly reflected in four aspects

First: annual fee

Titanium Platinum Card: 380 yuan for the main card , the supplementary card is 180 yuan, and the annual fee is waived if you use the card to make purchases or withdraw cash 6 times a year (no limit on the amount). The annual fee for the standard Platinum Card is RMB 580 for the main card and RMB 300 for the supplementary card. If you make 10 card purchases or withdraw cash every year (no limit on the amount), the annual fee will be waived.

Second: Card Logo

The Titanium Platinum Card is a UnionPay single-logo credit card, while the Standard Platinum Card is a UnionPay-MasterCard and UnionPay-VISA dual-logo credit card. It can be used overseas through international organizations. (MasterCard, VISA) online transactions are more widely used.

Third: Card material

Titanium platinum card is an IC chip credit card. The chip can encrypt the data in the card and is non-replicable, which can prevent the card from being copied and stolen. brush. The Standard Platinum Credit Card is a single magnetic stripe media credit card.

Fourth: Payment method

In addition to the original payment method of swiping a card, the owner of the Titanium Platinum Card can make card payments at merchants indicated by "UPCash". "Pay" merchants directly conduct card transactions. These two payment methods do not require password verification or signature verification, and are very convenient to use. The Standard Platinum Card only supports payment by credit card.

2.

Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the card-issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and repay later. A quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund as required by the bank. When the reserve fund is insufficient to pay, the cardholder can overdraw within the credit limit specified by the card-issuing bank.

Credit card, often called a credit card, refers to a credit card in which the card-issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and repay later. It has the following features: consume first and repay later, enjoys an interest-free payment period (up to 56 days), and has a minimum repayment amount. Customers can repay in installments if they have overdrafts. Customers need to pay a certain amount of annual fees to the bank they apply for, which differs from bank to bank.

The quasi-credit card is a single-currency, single-account credit card that bears interest on deposits and is settled in RMB when swiping the card. It has functions such as transfer settlement, cash deposits and withdrawals, credit consumption, and online banking transactions. When the account balance is insufficient for payment by swiping the card for consumption [18] or withdrawing cash, the cardholder can overdraft consumption or withdraw cash within the prescribed limited credit limit, and a certain amount of interest will be charged. There is no interest-free repayment period. Quasi-credit card is a type of credit card with Chinese characteristics. There is no such type of credit card abroad. In the late 1980s, China's banking industry introduced credit card products from abroad. Because China's personal credit system was not very complete at that time, the Chinese banking industry made certain changes to foreign credit card products. The traditional foreign credit card credit card deposits had no interest and overdrafts had an interest-free period. Instead, deposits had interest and overdrafts were not interest-free.