A credit card is a credit certificate issued by a commercial bank or a credit card company to eligible consumers. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
You don't need to pay cash when you use a credit card, but you will pay back when the bill comes out. Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
Extended data:
Credit cards have the following seven characteristics:
1 is one of the fastest-growing financial services, and it is an electronic currency that can replace the traditional cash circulation to a certain extent.
2. It has both payment and credit functions. Cardholders can use it to buy goods or enjoy services, and they can also use credit cards to obtain certain loans from card issuers.
It is a high-tech product integrating financial business and computer technology.
It can reduce the use of cash currency.
5, can provide settlement services, convenient shopping and consumption, enhance the sense of security.
6. It can simplify the collection procedure and save social labor.
7. It can promote commodity sales and stimulate social demand.
Baidu encyclopedia-credit card