1, debit card

Debit cards are divided into transfer cards, special cards and stored value cards according to different functions. Debit cards cannot be overdrawn. The transfer card has the functions of transfer, cash deposit and withdrawal and consumption.

Special card is a special-purpose debit card used in a specific area (except for department stores, restaurants and entertainment industries). It has the functions of transferring money and depositing and withdrawing cash. Stored value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage according to the cardholder's requirements, and directly deducts money from the card during the transaction.

Debit card can be used for online or POS consumption or ATM transfer and withdrawal, and cannot be overdrawn. Interest is paid on the amount in the card according to the current deposit. When spending or withdrawing money, the funds are directly withdrawn from the savings account. Debit cards usually require a password when used. Debit cards can be divided into ordinary cards, gold cards and platinum cards according to their grades; According to the scope of use, it can be divided into domestic cards and international cards.

2. Credit card

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to the credit card that the issuing bank gives the cardholder a certain credit limit, and the cardholder can spend first and then repay. Quasi-credit card refers to a credit card in which the cardholder deposits a certain amount of reserve fund according to the requirements of the bank, and when the reserve fund is insufficient to pay, it can be overdrawn within the credit limit stipulated by the issuing bank.

3. Credit card

Creditcard, usually called credit card, refers to a credit card that the issuing bank gives the cardholder a certain credit limit within which the cardholder can spend first and then repay. It has the following characteristics: consumption before repayment, interest-free repayment period (up to 56 days), minimum repayment amount, and repayment by installments when customers overdraw. Customers need to pay a certain annual fee to the bank they apply for, and each bank is different.

4. Quasi-credit card

Quasi-credit card is a single-currency single-account credit card, with interest-bearing deposits in RMB, which is used for credit card consumption, and has the functions of transfer settlement, cash deposit and withdrawal, credit consumption, online banking transactions and so on. When the balance of credit card consumption and cash withdrawal account is insufficient to pay, the cardholder can overdraw consumption and cash withdrawal within the specified limited credit limit and charge a certain interest. There is no interest-free repayment period.

Quasi-credit card is a kind of credit card with China characteristics, and there is no such credit card abroad. At the end of 1980s, China banking introduced credit card products from abroad.

Because the personal credit system in China was not perfect at that time, China's banking industry carried out some reforms on foreign credit card products, changing the traditional interest-free and interest-free overdraft of foreign credit card deposits into deposit interest-bearing and overdraft interest-bearing ones.

Quasi-credit card has some functions of credit card and debit card. Generally, it is necessary to pay a deposit or provide a guarantor. When using, deposit first and then consume, and deposit pays interest.

When shopping, the cardholder can make a small overdraft within the limit approved by the issuing bank, but the overdraft amount bears interest from the date of overdraft, and the arrears must be paid off in one lump sum. There is no interest-free repayment period and minimum repayment amount, and its basic functions are transfer settlement and shopping consumption.

Extended data

I. Service introduction

The "Card Worry-Free" service provides instant SMS reminder for each transaction, and comes with a 72-hour card loss guarantee. Instant SMS reminder will inform the cardholder of every transaction generated by Pacific debit card through SMS; The 72-hour card loss protection can compensate the cardholder for the economic loss caused by the theft of the debit card under certain circumstances. The SMS reminder in this service is not applicable to the electronic cash account transactions of ic debit cards (including but not limited to pure chip cards and chip magnetic stripe composite cards) issued by Bank of Communications, and the 72-hour card loss guarantee included does not include the fund loss guarantee in the electronic cash account.

Second, the scope of application

The main cardholder of Bank of Communications Pacific Debit Card can apply for opening, modifying and closing the service of "Worry-Free Card Use".

Third, the signing and charging rules

(1) According to the card contract, the "card-free" service was launched. If the cardholder holds multiple debit cards and needs to launch the "card-free" service, each card needs to be launched.

(2) The service fee for the "card-free" service is charged by card, that is, more than 1 card is opened at the same time, and each card needs to be charged separately according to the charging standard. The charging standard of "Card Worry-Free" service is 4 yuan/card/month, and it is charged uniformly every three months 12 yuan/deduction.

(3) The service fee of "Worry-Free Card Use" is charged 1 time every 3 months, and charged on the corresponding day after the reminder is opened every 3 months. If the cardholder closes 3 months after opening, it will be charged according to the actual use month, and no charge will be charged for less than 1 month. If there is no corresponding date in the deduction month, the deduction will be made on the last 1 natural day of the month.

(4) If the cardholder has been in arrears for 6 months, our bank will stop the "card-free" service of the card.

(5) All debit cards of Bank of Communications private bank customers and Ward Wealth customers under the same customer number are free of service charges when the "card-free" service is opened. For the regional preferential standards of local branches, please consult the branches of local branches for details.

Fourth, open channels.

The channels for cardholders to apply for opening, modifying and closing the "worry-free card use" service include the counters of Bank of Communications outlets, handheld terminals or applicable electronic channels, including but not limited to online banking, mobile banking, telephone banking, self-service, intelligent communication, ITM, personalized card issuers and self-service card issuers.

References:

Bank of Communications-Main products of debit cards