What is the difference between debit card, savings card and credit card? Let’s talk about it.

Functional differences:

Debit card: no overdraft. Interest on deposits is calculated based on demand interest. It can be used for automatic regular deductions and transfer settlement of water, electricity and gas.

Deposit card: As the name suggests, savings card is mainly suitable for "savings" 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): overdraft is allowed. There is a certain credit limit, within which you can consume first and then repay, and there is an interest-free period (up to 56 days), in which the deposit has no interest and the existing handling fee is charged.

Credit cards are divided into credit cards and quasi-credit cards:

A credit card refers to a credit card where the cardholder has a certain credit limit and can consume before repaying within the credit limit; a quasi-credit card refers to a credit card where the cardholder has A quasi-credit card in which the cardholder deposits a certain amount of petty cash as required. When the balance in the reserve account is insufficient for payment, an overdraft can be made within the specified credit limit. Credit card generally refers to a credit card.

Traditionally, a quasi-credit card means that the cardholder must deposit a certain amount of petty cash in accordance with the requirements of the card issuer. When the balance in the petty cash account is insufficient for payment, you can overdraw within the credit limit specified by the card issuing bank, but the overdraft will accrue interest from the overdraft date and does not enjoy the interest-free period.

In recent years, some banks have launched new quasi-credit cards, which not only do not require a reserve deposit when applying, but also enjoy the interest-free period like a credit card. This new generation of quasi-credit cards combines the advantages of credit and debit cards. Not only can it be used as a credit card, you can also enjoy an interest-free period for overdrafts. It has many features of a debit card.

It can be said that credit cards are credit cards in a narrow sense. They are available at home and abroad and are very common. A quasi-credit card is a card issued only in China. Although not common, its emergence has laid a foundation for credit cards that cannot be underestimated.

Debit cards are just as secure as credit cards. If your debit card is lost or suspected to have been stolen, you should report the loss to your bank immediately to prevent others from stealing it and reduce losses. Remember: Although your card issuer offers you consumer protection, that doesn’t mean you can ignore your debit card; your debit card, like the money in your bank account, needs to be kept safe.

Finally, if it is your first time to apply for a credit card, it is recommended that you apply for a credit card from the five major banks in China first. Not only are their services great, they are also relatively safe. Related Q&A: Related Q&A: Is a debit card a credit card?

Market payment: Hello, debit cards are also divided into two categories, one is a pure debit card, and the other is a quasi-credit card, which is also a type of debit card. A pure debit card is not a credit card. A quasi-credit card is a type of credit card. A quasi-credit card has the functions of both a debit card and a credit card. So what's the difference between the two?

Let’s first understand the pure debit card. A pure debit card does not have an overdraft function. This is also the biggest difference between a debit card and a credit card. A debit card has a consumption function only when money is deposited into it, while a credit card consumes the credit limit that the bank overdrafts to the user. There is no need to deposit money, as long as the payment is due on the final repayment date. Another difference is that debit card accounts can accrue interest, while credit card accounts do not accrue interest, so in terms of financial management, you can only deposit money into the debit card for financial management.

How do you understand the quasi-credit card? It has the two functions of the above-mentioned debit card and credit card. When making consumption, the priority is to debit the debit card account. When there is no When there is a balance, deduct the money from the credit account, and wait until the final repayment date before repaying the money.

Another point is that the patterns and shapes of debit and credit cards are also different. Just compare them and you will know! Welcome to pay attention to the market payment. If you have any questions, you can consult us at any time!