Differences between credit cards and bank cards

Differences between credit cards and bank cards:

1. Different natures

Credit cards, also called debit cards, are credit certificates issued by commercial banks or credit card companies to qualified consumers. Bank card refers to a credit payment tool issued by a commercial bank to the society with all or part of the functions of consumer credit, transfer settlement, cash deposit and withdrawal, etc.

2. The development process is different

The earliest credit card appeared at the end of 19th century. In the 198s, the British clothing industry developed the so-called credit card, and the tourism and business sectors also followed this trend. Since the 197s, due to the rapid development of science and technology, especially the use of electronic computers, the use of BankCard has been expanding.

3. Different classifications

Credit cards are divided into credit cards and quasi-credit cards, and bank cards are divided into credit cards and debit cards.

4. Different functions.

The main functions of bank cards are saving money, withdrawing money or managing money, etc. The main function of credit card is consumption, and the cardholder can spend first and then repay;

5. The validity period of credit cards is mostly five years, and the validity period of bank cards is divided into five years, ten years or even indefinite use; 6. Interest difference.

there is interest in saving money in a bank card, but there is no interest in saving money in a credit card;

7. The annual fee is different.

the annual fee for bank cards is mostly more than ten yuan, but the annual fee for credit cards is as high as several hundred yuan or even thousands of yuan.

So, there are many differences between credit cards and bank cards, but there are many similarities between them, and credit cards are also a kind of bank cards. Bank cards mainly include debit cards, credit cards and quasi-credit cards. A credit card is also called a debit card because it pays money first and then pays it back. Ordinary bank cards deposit first and then spend, so they are called debit cards. Learn some knowledge and you will understand what it means.

after reading the above introduction, I believe you will have a better understanding of the difference between credit cards and bank cards. There is no overdue in the process of using bank cards, but it is different to use credit cards. If it is overdue, it will affect the personal reputation.

The difference between credit card and bank card

The functions are different. The main function of bank card is to deposit money and withdraw money, and the main function of credit card is to spend money. The validity period is different. The validity period of credit cards is mostly five years, and the validity period of bank cards is divided into five years, ten years or even indefinite use. There is interest on saving money in a bank card, but there is no interest on saving money in a credit card.

In most cases, citizens who have full capacity for civil conduct (citizens aged 18 or above in Chinese mainland) and have a certain direct source of income can apply for a credit card from the issuing bank. Sometimes, legal persons can also act as applicants. The object of applying for a credit card can be divided into units and individuals. The applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal personality within the territory of China. When applying for a credit card, each unit can get a main card and multiple supplementary cards as needed. Individuals applying for credit cards must have a fixed occupation and a stable source of income, and provide guarantees to banks. The forms of guarantee include personal guarantee, unit guarantee and personal fund guarantee. Merchants and banks confirm that the credit card is valid, and contact the bank according to the contract signed with the issuing bank to request authorization. Authorization is the amount that can be used to further prove the identity of the cardholder. Authorization is generally carried out when the use amount stipulated in the contract is exceeded.

after receiving the authorization notice, the card-issuing bank will issue an authorization instruction according to the balance of the cardholder's deposit account and the agreement that the bank allows overdraft, and reply whether to agree to the transaction. Swiping a card on a POS machine is the most common way to use a credit card, and it is a way to swipe a card online. When swiping a card, the operator should first check the validity period of the credit card and the cardholder's last name. Then, according to the issuing bank and the currency to be paid, the corresponding POS machine is selected, and the magnetic stripe of the magnetic stripe credit card is crossed on the POS machine, or the chip credit card is inserted into the card slot, connected with the bank, and the corresponding amount is input. After receiving the information of remote payment, POS will print a receipt (at least two copies) for credit card payment, and the cardholder shall sign the receipt after checking that the information on the payment receipt is correct. After checking the signature on the receipt and the signature on the back of the credit card (including the name completely matching and the handwriting basically matching), the operator will send a copy of the credit card and the credit card payment receipt to the cardholder. At this point, the credit card swiping program on the POS machine is completed. It is a new type of credit card use mode and a networking mode to sense by tapping the card on the RFID machine.

What's the difference between a bank card and a credit card

1. The difference between a bank card and a credit card is mainly reflected in the following aspects: different functions, different validity periods, different annual fees, etc.

2. Cards are very common in life. The most commonly used cards are bank cards and credit cards. Both of them are issued by banks and are linked to money. Some people are confused when they first contact them. The differences between credit cards and bank cards are as follows:

1) The functions of bank cards are different. The main functions of bank cards are to save money, withdraw money or manage money, etc. The main function of credit card is consumption, and the cardholder can spend first and then repay;

2) The validity period is different. The validity period of credit cards is mostly five years, and the validity period of bank cards is divided into five years, ten years or even indefinite use;

3) There is interest in saving money in a bank card, but there is no interest in saving money in a credit card; 4) The annual fee is different. The annual fee for bank cards is mostly more than ten yuan, but the annual fee for credit cards is as high as several hundred yuan or even thousands of yuan.

3. There are many differences between credit card and bank card, but there are many similarities between them, and credit card is also a kind of bank card. Bank cards mainly include debit cards, credit cards and quasi-credit cards. A credit card is also called a debit card because it pays money first and then pays it back. Ordinary bank cards deposit first and then spend, so they are called debit cards. Learn some knowledge and you will understand what it means. After reading the above introduction, I believe you will have a better understanding of the difference between credit cards and bank cards. There is no overdue in the process of using bank cards, but it is different to use credit cards. If it is overdue, it will affect the personal reputation.

4. Generally speaking, bank cards include credit cards, but the difference between credit cards and debit cards is still very big, which is equivalent to two different consumption concepts. One is to spend first and then pay back the money, and the other is to save the card and then spend. In reality, it has become a trend that more and more people use credit cards, but the savings function of debit cards is still essential in our lives.

Credit cards and debit cards belong to the category of bank cards. Most of the debit cards issued by commercial banks are used to deposit and withdraw money. Credit card is actually a kind of bank card. Bank cards can be divided into debit cards (also called savings cards) and credit cards, and credit cards can be divided into debit cards and quasi-credit cards.

are credit cards the same as bank cards?

no. Bank cards include credit cards, check cards, ATM cards, charge cards and smart cards.

bank cards reduce the circulation of cash and checks, and make the banking business undergo fundamental changes due to the breakthrough of time and space restrictions. The application of bank card automatic settlement system will make a "no cheque, no cash society" become a reality. Bank card is the basic voucher for depositing money in the bank.

the relationship between credit card and bank card

from the explanation of the above terms, we can actually see that bank cards include credit cards, and credit cards are actually a type of bank cards issued by banks. Even this is included in the included relationship.

differences between credit cards and debit cards

bank cards are divided into two types: credit cards and debit cards.

debit cards are divided into transfer cards, special cards and stored-value cards according to different functions. Debit cards cannot be overdrawn. The transfer card has the functions of transfer, cash deposit and withdrawal and consumption. A special card is a debit card used in a specific area and for special purposes (referring to uses other than department stores, restaurants and entertainment industries). It has the functions of transferring money and depositing and withdrawing cash. Stored value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage according to the cardholder's requirements, and directly deducts money from the card during the transaction. The difference between the two is as follows:

1. The main function is different from debit card: its main function is to deposit and withdraw cash and transfer money. There must be cash deposited in advance on the card, otherwise consumption payment cannot be made. Credit card: its main function is overdraft consumption. Banks wholesale credit lines according to personal credit status, and cardholders can spend first and then repay.

2. Debit card with different card difficulty: the application is very simple, and it can be obtained immediately without bank approval. Credit card: the application is complicated, the applicant needs to meet certain conditions and submit relevant materials, and the bank can only handle it after approval.

3. Debit card with the function of accumulating points: points cannot be accumulated. Credit card: You can accumulate points by spending, and the points can be exchanged for goods for free in integral mall.

what's the difference between a credit card and a bank card

the difference between a credit card and a bank card: a credit card belongs to a bank card, and a bank card mainly includes two types: a credit card and a debit card. When using a credit card, it belongs to the heart of spending first and then repaying, and it can be overdrawn within the credit limit. Debit cards can only be used after users deposit funds, and overdraft is not supported.

a credit card, also known as a debit card, is a credit certificate issued by a commercial bank or credit card company to a consumer with qualified credit. It is in the form of a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. 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.

There are many differences between credit cards and bank cards, but they also have many similarities, and credit cards are also a kind of bank cards. Bank cards mainly include debit cards, credit cards and quasi-credit cards. A credit card is also called a debit card because it pays money first and then pays it back. Ordinary bank cards deposit first and then spend, so they are called debit cards.

This is the end of the introduction about the difference between bank card and credit card and the difference between credit and bank card. Did you find the information you need?