1. A credit card is a type of credit card. Credit cards are divided into two categories: credit cards and quasi-credit cards based on whether a reserve fund is deposited with the card-issuing bank.

2. Credit card refers to a credit card in which the issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit and then repay. A quasi-credit card refers to a credit card in which the cardholder must first deposit a certain amount of reserve fund as required by the card-issuing bank. When the reserve balance is insufficient to pay, the cardholder can overdraw within the credit limit specified by the card-issuing bank. Interest will be calculated from the date of overdraft. .

3. Deposits in credit card accounts do not accrue interest, while deposits in quasi-credit card accounts accrue interest.

Extended information:

Consequences of overdue credit cards:

1. Liquidated damages, usually 5% of the unpaid portion of the minimum repayment amount.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Reference materials:

Baidu Encyclopedia--Credit Card