the difference between a savings card and a credit card
1. The validity period and the pinyin of the cardholder's name are printed on the front of the credit card, but these information are not printed on the front of the savings card.
2. A 7-digit number is printed on the back of the credit card, but no number is printed on the back of the savings card.
3. Credit card numbers are printed in relief, while savings card numbers are usually printed in plane.
4. On the back of the credit card, the words "This card is not valid until it is signed" or similar words are printed, while on the back of the savings card, only the words "Signature of the cardholder" are printed.
5. Credit cards can be overdrawn, but savings cards can't.
6. Credit cards are all printed with laser anti-counterfeiting labels, while about 9% of savings cards are not printed with laser anti-counterfeiting labels.
Classification of bank cards:
Bank cards are mainly divided into three categories, namely: savings cards, debit cards and credit cards. The functions of various cards can be summarized as follows: savings cards can generally provide customers with only services of saving money and withdrawing money; debit cards have more financial service functions than savings cards; cardholders can use debit cards to buy wealth management products, futures, stocks and funds, etc. The main function of credit cards is actually overdraft consumption.
1. Savings card
Savings card is a kind of financial transaction card issued by banks to provide financial services for depositors, and it belongs to a kind of debit card. There are two types: magnetic stripe and chip. Its main function is to deposit and withdraw money at networked ATMs and bank counters, and to spend money at networked POS. The main function of the savings card is to save deposits. The cardholder can realize the functions of credit card consumption, ATM withdrawal, transfer and various payments through the electronic payment network established by the bank and the magnetic stripe reading and manual password input of the card. The expenses incurred through the card are equal to the reduction of the balance of the savings account. If the account balance is zero, the payment function of the card will also be reduced to zero. The application for a savings card is very simple, and it can be obtained immediately without the approval of the bank. Savings card charges mainly include annual fee, small account management fee, loss reporting fee, new card worker, cash withdrawal fee (including local inter-bank, off-site bank, off-site bank, overseas ATM, Hong Kong and Macao), transfer fee (including off-site bank, off-site bank, local inter-bank and wire transfer overseas) and online banking transfer fee (including off-site bank, off-site bank, local inter-bank and overseas remittance).
2. Debit Card
Debit card refers to the bank card issued by the issuing bank to the cardholder, which has no credit limit and the cardholder deposits first and then uses it. 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. Special card is a debit card used in a specific area and for special purposes (other than department stores, restaurants and entertainment industries), which 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.
3. Credit card
A credit card, also called a credit card, is a credit certificate issued by a commercial bank or a 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. Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment will be made on the Billing Date. Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which cardholders have a certain credit limit and 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.