The most direct function of a credit card is to provide you with a flow of funds.

A credit card is something you can use directly when you need money and pay it back later. The bank card and its account are for personal use only. No one who legitimately holds a credit card, whether a friend or another person, is allowed to borrow their own credit card, regardless of the other person's purpose.

Credit card banks grant individuals a certain amount of funds based on their credit. If there is no deposit, they can spend or cash first and then repay the bank card. The main function of a credit card is consumption or cashing. A payment must be on time, otherwise there will be overdue or bad records.

Extended information

There is no need to pay cash when using a credit card, and you will pay it back on the bill date. Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay.

A quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve as required. When the reserve account balance is insufficient to pay, the card can be overdrawn within the specified credit limit.

The name of the card issuer, expiration date, card number and cardholder name are printed on the front of the credit card. On the back is the chip, magnetic strip and signature strip. Cardholders can purchase, spend and withdraw cash from dedicated units through their credit cards.

Baidu Encyclopedia-Credit Card