Debit cards and credit cards are two financial tools that we often use in our daily lives. There are many differences between them. This article will introduce the differences between them in detail so that readers can have a deeper understanding of them. understanding.

1. Basic introduction to debit cards and credit cards

1.1 Deposit card

Deposit card refers to a bank card issued by a bank, which can be used at the bank’s ATM ( Deposits and withdrawals can be made at ATMs) or online banking, and payments can be made in many stores and online stores. Debit cards are mainly used for consumption payments and deposits. They do not provide credit functions and can only be used to pay your own cash and do not support loans.

1.2 Credit card

A credit card refers to a bank card issued by a bank. It can be used for payment in many stores and online stores, but unlike a debit card, it can only be used to pay for one's own purchases. Cash, instead, provides a credit function that can be used for loans.

2. The main difference between debit cards and credit cards

2.1 Different functions

Deposit cards are mainly used for consumption payment and deposits. They do not provide credit functions and can only Used to pay yourself in cash, no loans are supported. Credit cards provide credit functions and can be used for loans.

2.2 Different interest rates

The interest rates of debit cards are generally relatively low, which can bring more economic benefits to users; while the interest rates of credit cards are generally relatively high, and users need to pay more Interest.

2.3 Different payment limits

The payment limit of a debit card is generally relatively low, generally no more than a few thousand yuan; while the payment limit of a credit card is generally relatively high, which can reach tens of thousands of yuan.

2.4 Different security

The security of a debit card is relatively high, because it can only be used to pay your own cash and does not support loans; while the security of a credit card is relatively low, because It supports loans, which can put users at great risk if they fail to repay them on time.

3. Use of Debit Cards and Credit Cards

3.1 Deposit Cards

Deposit cards can be deposited and withdrawn at the bank’s automated teller machine (ATM) or online banking. Payment operations can also be made in many stores and online stores.

3.2 Credit Card

Credit cards can be used for payment in many stores and online stores, and can also be used for loans, but users need to pay more interest.

Debit cards and credit cards are two financial tools that we often use in our daily lives. There are many differences between them, including differences in functions, interest rates, payment limits, and security. Savings Cards are mainly used for consumer payments and deposits, while credit cards provide credit functions and can be used for loans. Both debit cards and credit cards can be used for payment in many stores and online stores, but users should reasonably choose the financial instrument that suits them based on their actual situation.