Legal subjectivity:

Credit card is a payment instrument that uses electronic cash as a means of transaction. In contemporary society, more and more people are choosing electronic cash payment methods, so the application of credit cards is becoming increasingly widespread. So, what are the advantages of credit card compared to cash payment? Today, the editor of the website has compiled the following content to answer your questions, and I hope it will be helpful to you. Credit cards are also called credit cards. It is a non-cash transaction payment method and a simple credit service. Credit cards are generally 85.60 mm long, 53.98 mm wide, and 1 mm thick, special carrier plastic cards with consumer credit. It is issued by the bank to individuals and organizations, and can be used to shop, consume, and deposit and withdraw cash from the bank. It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front and a magnetic card on the back. strip, signature strip. Credit cards are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when using the credit card, and repayment will be made on the bill date. On April 15, 2016, the central bank issued the "Notice of the People's Bank of China on Matters Related to the Credit Card Business", canceling late payment fees on credit cards, introducing liquidated damages, and prohibiting the collection of over-limit fees. The new regulations will be officially implemented on January 1, 2017. Credit cards have the following advantages: 1. You can earn points by swiping your credit card, and you can redeem certain points for gifts or air miles; 2. Certain credit cards can offer discounts on purchases in some places. For example, ICBC credit cards will regularly launch stores that offer discounts. Information; 3. If you are short of temporary cash flow, using a credit card is equivalent to a small interest-free loan. As long as you repay within the final repayment period, you don’t have to pay interest. In the current wave of interest rate hikes, this has certain advantages. Yes; 4. Most credit cards can now waive the annual fee by swiping the card several times, but debit cards still have to pay an annual fee of 10 yuan per year. 5. If the credit card you apply for contains Wan*da, etc., you can swipe the card directly abroad, and it can be directly converted into RMB according to the current exchange rate, saving you the trouble of queuing up at the bank to exchange foreign currency (debit cards are available in many places abroad) The ____ does not work). Based on the simple description above, we can easily clearly compare the advantages of credit cards. Credit cards can simplify the tediousness of cash payments, and you can earn points through transactions to redeem gifts. In addition, credit cards also have the function of small interest-free loans. If your credit card has Wan*da function, it can be used across countries. If you still have questions, the website also provides online lawyer consultation services, and you are welcome to seek legal consultation. The law is objective:

Article 5 of the "Measures for the Administration of Bank Card Business" Bank cards include credit cards and debit cards. Bank cards are divided into RMB cards and foreign currency cards according to different currencies; they are divided into corporate cards (commercial cards) and personal cards according to the issuing objects; they are divided into magnetic stripe cards and chip (IC) cards according to different information carriers. Article 3 of the "Bank Card Business Management Measures" All commercial banks, cardholders, merchants and other parties that handle bank card business within the territory of the People's Republic of China shall abide by these Measures.