1. Credit cards (consumer credit products) are used after consumption, and debit cards are used after deposit;

2. Credit cards can be overdrawn, but debit cards cannot be overdrawn;

3. Credit cards have revolving credit lines, while debit cards have no revolving credit lines; (Revolving credit refers to the credit line approved by the bank to the cardholder. The cardholder's credit line can be reused without full repayment, and only the specified minimum repayment amount can maintain a good credit record. )

4. If the credit card holder repays in full before the final repayment date, the shopping consumption will enjoy an interest-free repayment period;

5. Credit card deposits do not bear interest, and debit card deposits are calculated at the savings rate;

6. Credit card belongs to asset business and debit card belongs to liability business;

7. The issuance of credit cards must meet the relevant conditions (such as the situation of the work unit, the evaluation of repayment ability, the review of personal credit records, etc.). ), and debit cards only need ID cards;

8. Credit cards have anti-counterfeiting logo and UnionPay logo, while debit cards only have UnionPay logo.

Credit card processing flow:

1. On-site handling by sales staff:

After your appointment, the bank staff will come. You need to fill out a credit card application form, which needs to fill in your real age, name, income status, position and other specific information. Of course, the original ID card is also essential. The bank needs you to provide the financial certificate provided by the company, and it must be stamped with the financial seal of the company. After all the information is filled in, it will enter the credit card review stage.

2. Credit card review stage:

Bank staff need some time to review and pay a phone call back to your own phone number, home phone number, company phone number and friend phone number to confirm the authenticity of the information.

3. Credit card issuance notice:

If your credit card passes, the bank will mail it to you and send you a text message to check it within the specified time. If your credit card fails the audit, you will also receive the message that the audit failed.

4. The receiving card is activated:

After receiving the card, you need to activate it. Activation is divided into telephone activation, SMS activation, network activation and so on. Activate your card and set key information such as inquiry password, login password and transaction password. After activation, you can start using your credit card.

Credit cards are mainly divided into credit cards and quasi-credit cards. Credit card (credit)

Card) refers to the credit card that the issuing bank gives the cardholder a certain credit limit, within which 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.

Debit (debit)

Card) refers to a bank card with no overdraft function after deposit (or cash withdrawal). According to their different functions, it can be divided into debit cards (including savings cards), special cards and stored-value cards. Debit card is a credit tool with the functions of transfer settlement, cash deposit and withdrawal, shopping and consumption. It also has many functions such as transfer, fund trading, stock trading and payment, and also provides many value-added services. Debit cards can also be withdrawn by ATM transfer and cannot be overdrawn. The amount in the account pays interest according to the current deposit.

Reference link: Baidu Encyclopedia-Credit Card

Baidu encyclopedia-debit card