It’s not a credit card, it’s a debit card. China CITIC Bank launches an exclusive bank card for payroll customers - Xinxiang Card. Xinxiang Card, one card with two accounts, is an innovative bank card product that integrates payroll, investment, payment, overdraft and other functions. It has the main characteristics of managing finances before paying salary, being able to spend even if you don’t have money, having more rights and interests, and being proactive and more worry-free.

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1. The electronic credit account of the Xinxiang Card has an independent card number, which will be automatically generated by the system after the application information is reviewed and approved. After receiving the credit card approval SMS, it can be processed through CITIC Bank The mobile banking APP can query electronic credit account card number, statement date and other information. The electronic credit card enjoys all the benefits of the standard gold card, and is free of annual fees during the validity period. It can be bound to the credit account card number and used in online payment channels such as WeChat payment and Alipay payment. You can enjoy up to 50 days of interest-free period for consumption, which will be automatically linked to repayment, and deductions will be initiated on the day of repayment.

2. Credit card, also called credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit. Credit cards stipulated in my country's relevant laws ("Interpretations of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions that have all the functions of consumer payment, credit loans, transfer settlement, cash deposits and withdrawals, etc. Or an electronic payment card with partial functions. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is Credit Card. Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date. Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; a quasi-credit card refers to a credit card in which the cardholder can A quasi-credit card that deposits a certain amount of reserve fund and can be overdrafted within the specified credit limit when the reserve account balance is insufficient for payment. The so-called credit card generally refers to a credit card only.