Can

Have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using their credit cards. It is a high-tech product that integrates financial services and computer technology.

Can reduce the use of cash currency. It can provide settlement services to facilitate shopping and consumption and enhance a sense of security. It can simplify the collection procedures and save social labor. It can promote product sales and stimulate social demand.

You can use overdrafts without deposits, and you can enjoy an interest-free period of 20-56 days for on-time repayment without any interest charges (most banks will charge an interest of 50,000 cents on the day of cash withdrawal, and There is a 2% handling fee. ICBC cash withdrawals are free of handling fees and only charge interest).

Extended information:

Long-term malicious arrears will naturally affect your personal credit record and even be blacklisted by the bank. In the future, you may need to borrow money from the bank to buy a house or a car. Rejected by the bank.

Credit cards basically have annual fees, but they basically have annual fee-free policies. For example, China Construction Bank only needs to swipe the card three times a year to waive it; but if you do not swipe the card the number of times specified by the bank in a year, An annual fee applies.

Credit cards basically use password-free swiping by default, which makes it easy for others to steal the card when it is lost or stolen, causing unnecessary trouble or losses; but in fact, credit cards can also be applied for with a password. Spend by credit card.

Baidu Encyclopedia-Credit Card