Because it has basic functions such as overdraft consumption, overdraft cash withdrawal and installment payment.

CreditCard is a non-cash transaction payment method. It is a small credit payment tool provided by banks to users for consumption first and repayment later. The earliest credit card appeared at the end of the 19th century.

Credit cards are divided into two types: credit cards and quasi-credit cards. They provide settlement services, facilitate shopping and consumption, and enhance a sense of security; simplify payment procedures and save social labor; promote product sales and stimulate social demand. and other characteristics.

A credit card is a special card issued by a bank or other financial institution to those with good credit status. It is used for shopping and consumption at designated merchants, or for depositing and withdrawing cash at designated banking institutions. Credit voucher.

Credit card, also known as credit card, is a non-cash payment method and is a simple credit service. Credit cards are generally plastic cards with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. They are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when making purchases with a credit card. Make further repayments.

Except for some credit cards that are combined with debit cards, general credit cards are different from debit cards and cash cards in that credit cards will not directly deduct funds from the user's account. In February 2012, the bank confirmed that credit cards without passwords are more secure, and they share the responsibility for any fraud. Enjoy an interest-free period of 25-56 days (or 20-50 days).

Enjoy the interest-free period for credit card purchases. If you pay off the bill before the due date, no fees will be incurred. There is no interest-free repayment period for cash withdrawals, and a daily interest rate of 0.05% will be charged from the day of withdrawal. The bank will also charge a certain percentage of cash withdrawal fees.

In the 1960s, credit cards sprouted and developed rapidly in developed European and American countries such as the United States, Canada and the United Kingdom. After more than 50 years of development, credit cards have been widely accepted in more than 95 countries around the world.

In the 1980s, with the reform and opening up and the development of market economy, credit cards began to enter China as an electronic and modern consumer financial payment tool, and in the past ten years, they have grown by leaps and bounds. rapid development.