1. Different features

Debit card: no overdraft. Interest on deposits is calculated based on demand interest. As the name suggests, savings cards are mainly suitable for "saving" assets. It is a type of debit card. Its function is equivalent to the passbook commonly used in the 1990s, with only basic functions such as deposits, withdrawals, and transfers.

Credit card (debit card): You can overdraft, have a certain credit limit, within this limit you can consume first and then repay, and there is an interest-free period (up to 56 days), of which There is no interest on the deposit, and the existing handling fee will be charged.

2. Different functions

The function of debit card is relatively powerful. It can be used to deposit and withdraw cash, transfer consumption, pay water, electricity and gas bills, online shopping, and can also be used for Purchase financial products, stocks, futures, funds and other financial services.

Relatively speaking, the functions of a savings card are relatively limited. The savings card is only limited to deposits and withdrawals, handling transfers, remittances, paying living expenses, etc. It cannot purchase other financial products such as stocks and funds. .

Extended information

Security issues

Card custody: Once a debit card is lost or stolen, there is a risk of being used fraudulently or counterfeited. Cards should be kept just like cash. They should not be left lying around and cannot be lent to others. ID documents and debit cards should be kept separate.

Password protection: Some debit cards require cardholders to set multiple passwords for transactions, withdrawals, inquiries, logins, etc. It should be noted that transaction and withdrawal passwords should not be the same as other passwords.

Password settings should be easy to remember and difficult to decipher. For example: do not set your birthday or several consecutive or identical numbers as passwords. Do not tell anyone your password, including bank personnel, police, etc. When entering passwords for swiping cards and withdrawing money, be careful to cover it with your hands and body.