Credit cards are mainly used to spend first and then repay, and bank funds are used to spend in advance and enjoy interest-free period. This is a financial management method. Credit cards can be used as payment tools, and can be directly consumed through POS machines installed by merchants or online payment platforms. Banks will also provide various forms of points, discounts, staging, lottery, promotion and other activities.
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The earliest credit card appeared at the end of 19. In the 1980s, the British clothing industry developed the so-called credit card, followed by the tourism and business sectors. However, at that time, the card could only be used for short-term commercial credit, and the money had to be paid back as needed. There was no long-term default and no credit line.
There is no need to pay cash for credit card consumption, and it will be repaid on the billing day.
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.