When repaying credit card debt at the beginning of next month, users can use this to offset a certain share of the debt. The spending limit is the limit of the charge card. ?A charge card is similar to a credit card, but there is no revolving credit and the monthly bill must be repaid in full. The limit of a charge card is usually much higher than that of a credit card, and its annual fees and card issuance standards are also higher than those of a credit card. ?

Strictly speaking, debit cards are not bank cards. Because charge cards are generally issued by non-bank financial institutions, such as American Express Travel Related Services or Diners Club. Extended information

When a cardholder uses a credit card to make a large purchase, the card-issuing bank will pay the merchant a one-time payment for the goods (or services) purchased by the cardholder, and will be transferred to the merchant based on the cardholder's application. The consumption funds are deducted from the cardholder's credit card account in installments, and the cardholder repays according to the monthly credit amount.

In the past, credit card installments mainly included bill installments and single consumption installments. Banks usually charged corresponding handling fees based on the number of installments. Whether it is bill installment or single consumption installment, the premise is that consumption behavior occurs first, and then the bank sets the installment repayment of the credit loan generated.

Baidu Encyclopedia-Credit Card