A credit card is a credit certificate issued by a commercial bank or a credit card company to a qualified consumer. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

Credit cards are generally special plastic cards with a length of 85.6mm, a width of 53.98mm and a thickness of 1mm. The name of the card issuer, expiration date, number, cardholder's name and other contents are printed on the front, and there are chips, magnetic strips and signature strips on the back. Cardholders can use their credit cards to shop, spend money and deposit and withdraw cash from banks.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards with a certain credit limit within which the cardholder can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. The credit card generally refers to a credit card.

Extended information:

Harm of credit card overdraft:

1. Bad credit record;

2. Interest: calculated at .5 ‰ per day;

3. Late payment fee: generally calculated as 5% of the unpaid part of the minimum repayment amount (depending on the regulations of each bank);

4. Malicious credit card overdraft may also face criminal punishment;

5. If you are blacklisted by the bank, you can no longer have a credit relationship with the bank within 5 years from the date of paying off the arrears. The credit standing will not be greatly affected if the repayment is delayed by one or two days, but the overdraft interest will be charged, that is, the overdraft interest will be charged for two days according to ten thousandths of the overdraft amount.

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