Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has 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 according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
Savings card is a kind of financial transaction card issued by the bank to provide financial services for depositors, which belongs to a kind of debit card. There are two kinds: magnetic stripe and chip. Its main function is to deposit and withdraw money at networked ATMs and bank counters and spend it at networked POS machines.
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Credit cards are not encouraged to deposit cash in advance, and they can enjoy interest-free repayment period. They can be repaid in installments (minimum repayment amount) and join international credit card organizations such as VISA, MasterCard and JCB for global use.
Compared with ordinary bank savings card, the most convenient way to use credit card is to make ordinary consumption, and there is no cash in the card. In many cases, it is enough to return the consumption amount on time.
The main function of a savings card is to save deposits. Cardholders can read and manually enter passwords through the electronic payment network established by the bank and the magnetic stripe of the card, so as to realize the functions of credit card consumption, ATM withdrawal, transfer and various payments. The expenses incurred through the card are equal to the decrease in the balance of the savings account.
Baidu encyclopedia-credit card