How to distinguish the types of credit cards?

As banks continue to work in the credit card segment, there are more and more types of credit cards, from regular cards to platinum cards, from co-branded cards to theme cards. How should we distinguish among the various types of credit cards? , in fact, there are just a few types of credit cards, divided by level, cardholder, storage medium, currency, card relationship, etc.

By level

1·General card

Entry-level credit card, the application conditions are relatively simple, the credit limit is usually less than 10,000 yuan, most general cards There will be no annual fee. Some banks' general card limit can reach 50,000 yuan.

2·Gold Card

The Gold Card has a higher credit limit than the regular card and has some basic rights; it can be understood as an advanced card. Banks have stricter review requirements for applicants. After all, gold cards enjoy more discounts. The limit is usually between 10,000 and 500 million, and the annual fee can basically be waived by swiping the card.

3·Platinum Card

Compared with the previous two cards, the Platinum Card is exclusive to high-end users. Banks have strict review of users. Generally speaking, the financial income of the users or the bank’s There are requirements for depositing assets. The characteristics of the platinum card are mainly reflected in the benefits, such as airport VIP, mileage redemption, golf, etc. The annual fee of the platinum card usually has some annual fees, and the annual fee exemption method is also relatively special, which usually requires the use of points redemption. There are also some banks that waive annual fees for platinum cards or small platinum cards with lower benefits by swiping the card.

4·Diamond Card

The Diamond Card is one level higher than the Platinum Card. It can highlight the user's identity and can be understood as a VIP level. Banks have very high requirements for users who apply for diamond cards. Generally speaking, users have an annual income of more than one million, and there are certain asset requirements, but the credit limit corresponding to a diamond card is also in the millions.

5·Black Card

The Black Card is a legendary level, the highest level "Centurion Charge Card" launched by American Express. On this planet, there are very few people who have black cards. Basically, they have "heard of it but never seen it". The black card is invitation-only and does not accept active applications. It is extremely private and has no upper limit. In mainland my country, currently only three banks, Industrial and Commercial Bank of China, China Merchants Bank and China Minsheng Banking Corporation, have been authorized by American Express to issue "Centurion" black cards for their customers. Although there are certain differences at home and abroad, the number of invitees domestically is far lower than 1 among bank customers. (The rights of the black card are too many and too legendary. I will not go into details without personal experience. emm)

The following ones are relatively simple, divided according to the cardholder , divided by storage medium, divided by currency, divided by card relationship.

According to the cardholder: personal card, corporate card

According to the storage medium: magnetic stripe card, chip card

According to the currency: single currency Card, dual-currency card

Divided according to card relationship: main card, supplementary card

Divided according to issuance, it can also be divided into co-branded card, standard card and approval card. We are the most common What arrived was the co-branded card.

Co-branded card: A co-branded card is a bank card jointly issued by a card-issuing bank and a for-profit institution. The most common is a co-branded debit card. A co-branded card not only has all the characteristics of a bank card - Cash deposits and withdrawals, card purchases, transfers, etc., some new functions are also added based on the agreement between the bank and the merchant.

Standard card: A standard card is a credit card independently issued by a bank, such as the standard credit cards of various banks, the classic platinum card of China Merchants Bank, etc.

For example: UnionPay standard card is a bank card issued in accordance with China UnionPay's business and technical standards. The card has the "UnionPay" logo on it and the issuing bank identification number (BIN) is assigned and confirmed by China UnionPay. Currently, the BIN range of UnionPay standard cards issued by each member institution of China UnionPay is: 622126-622925, all prefixed with "62", so it is also called a card prefixed with "62".

Approval card: An approval card is a card with public welfare functions. The function of an approval card is basically the same as a credit card, but the approval card is issued by the card-issuing bank and non-profit institutions, religious groups or charitable institutions. It is jointly issued and has a public welfare function. Consumers apply for this card because of their recognition of this non-profit organization, and the bank will give back a specific proportion of the cardholder's consumption to this non-profit organization. Domestic approved cards are mostly common in universities, such as Bank of China Tongji Card, Bank of China Jiaotong University Card, etc.; in 2006, Yushan Bank in Taiwan issued an approved card for the legendary MLB player Zhang Jianmin.

It can also be classified by card organization, including VISA, Mastercard, JCB, Discover, China UnionPay, Diners Club, NETS, etc.

How to check whether your card is a credit card? There are these differences

Card holders often apply for a debit card and a credit card at the same bank, but they don’t know which one is the credit card. In fact, debit cards and credit cards are easy to distinguish. You just need to grasp a few points. Let’s take a look.

How to check whether your card is a credit card?

1. Look at the card face: Many debit cards, except for bank VIPs, ordinary customers generally do not have the pinyin of the cardholder's name, and even if they do, it is printed on it; every credit card will have it. The pinyin of the cardholder’s name in the pressed three-dimensional characters. In addition, some debit cards do not have an expiration date stamped on them, but all credit cards do.

2. Check the fees: Credit cards are free when you apply for a card, but debit cards are charged. The card application fee is about 10 yuan, depending on the bank;

3 . Look at the interest: Both credit cards and debit cards can save money, but credit cards have no interest, while savings cards pay interest every quarter and are calculated based on daily interest, so even if the money just passes through the card, there will be interest.

4. Look at the function: Use a debit card to transfer money in mobile banking. You can transfer money without review, and the debit card can transfer the entire limit of 100; if you cannot transfer money, or the transfer requires a bank After review, and the maximum transfer limit is 50, it must be a credit card.

5. Look at the bill: If you use a credit card and a debit card at the same time, the credit card will be billed every month. It uses bank money and needs to be repaid on the final repayment date; if there is no bill, It’s a debit card, so you don’t need to pay it back when you use your own money.

The above is the relevant introduction to "How to check whether your card is a credit card". I hope it will be helpful to everyone.

How to distinguish credit cards and debit cards?

Credit cards and debit cards look and function differently. Next, let’s take a look at how to identify credit cards and debit cards.

01

Functionally

Credit cards can be understood as a means of borrowing money from others. A certain amount of interest needs to be paid, but no items are required to be pledged; while savings A card can be understood as depositing your savings in a bank and charging a certain amount of interest.

02

Period

Credit cards are generally short-term and can be borrowed and repaid at any time. For example, if you take a loan from Huabei, you will usually borrow money this month and pay it back the next Monthly repayments can be made at any time; savings cards are generally long-term, such as more than one year.

03

Appearance

You can touch the text on credit cards and debit cards with your hands. You can see that the text on credit cards is concave and convex, while on savings cards The card text does not, it is flat.

04

In terms of overdrafts

Credit cards can be overdrafted, for example, you can overdraft about 5,000, while debit cards cannot be overdrafted, and generally can only be deposited.

What are the differences between credit card types

What are the types of credit cards

(1) According to the credit card issuer, it can be divided into bank cards and non-bank cards

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(2) According to the storage medium of credit card information, it can be divided into magnetic stripe card and chip card

(3) According to the different repayment methods, it can be divided into: credit card, quasi-loan Credit cards and debit cards

(4) According to the different settlement currencies of credit cards, they can be divided into credit cards and local currency cards

(5) According to the different circulation scope, they can be divided into international cards and Regional cards

(6) According to the number of currencies in the credit card account, it can be divided into single-currency credit cards and dual-currency credit cards

(7) According to the credit card affiliation, it can be divided into main Cards and supplementary cards

(8) According to the different objects of credit card issuance, they can be divided into corporate cards and personal cards

(9) According to the credit status and credit status of the cardholder, they can be divided into It is unlimited card, platinum card, gold card and ordinary card

(10) According to the different shapes of credit cards, they can be divided into standard credit cards and special-shaped credit cards

Types and differences of credit cards

(1) According to different card issuers, they can be divided into bank cards and non-bank cards

(1) Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

(2) Non-bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., used for purchasing tickets, meals, accommodation, entertainment, etc.

(2) According to the different objects of card issuance, it can be divided into corporate cards and personal cards

(1) Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal entities.

(2) Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

(3) According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

(1) Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

(2) Gold card. A gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

(4) According to different repayment methods, credit cards can be divided into credit cards and quasi-credit cards

(1) Credit cards. When the card-issuing bank provides bank credit, it is first used as an overdraft, and then repaid or paid in installments. Most of these cards are used internationally. That is to say, the way that cardholders are allowed to pay off their credit card accounts without deposits is "spend first, deposit later". Most of these cards are used internationally.

(2) Quasi-credit card. It is a credit card issued by a bank that allows you to deposit money first and spend later. When applying for a credit card, cardholders need to deposit a certain amount of money in the card-issuing bank for backup. Cardholders need to use the deposit balance as a basis when using the card. Overdrafts are generally not allowed. At present, the credit cards issued by banks in our country are basically quasi-credit cards, but cardholders are allowed to make good-faith, short-term, and small overdrafts for consumption purposes. Different limits are stipulated according to different card types, and within the specified period Repay the loan and pay interest at the same time. So, essentially a debit card with some overdraft functionality.

That’s it for the introduction of how to distinguish credit cards.