Are credit cards and bank cards the same?

Bank cards include credit cards and debit cards, and credit cards are just one type of bank card.

1. Credit card

Credit card, also called credit card, is a non-cash payment method for transactions. It is a simple credit service. A credit card is issued by a bank or credit card company according to the user's request. The credit and financial resources of the card are issued to the cardholder, which can be used to shop and consume from special units and deposit and withdraw cash from the bank. The form is that the name of the issuing bank, validity period, number, cardholder name and other contents are printed on the front, and there is a magnetic strip on the back. , signature strip. Cardholders do not need to pay cash when making purchases with a credit card, and will pay back on the bill date.

2. Savings card

A savings card is a financial transaction card issued by a bank to provide financial services to depositors. It is a type of debit card. Its main function is to make deposits and withdrawals at networked ATM machines and counters, and to make purchases at networked POS. Debit cards are used to deposit and withdraw money. There is interest income from deposits in the card, but there is no income from overpayments in the credit card.

Bank cards refer to credit payment instruments issued to the public by approved commercial banks (including postal financial institutions) with all or part of the functions of consumer credit, transfer settlement, cash deposits and withdrawals, etc. Bank cards reduce the circulation of cash and checks, allowing banking business to break through the limitations of time and space and undergo fundamental changes. The application of the bank card automatic settlement system has made the dream of a "checkless, cashless society" a reality.

What is the difference between bank cards and credit cards?

1. The differences between bank cards and credit cards are mainly reflected in the following aspects: different functions, different validity periods, different annual fees, etc. .

2. Cards are very common in life. The most commonly used ones are bank cards and credit cards. Both are issued by banks and are linked to money. Some people are new to them. , I can’t tell the difference. The difference between a credit card and a bank card is as follows:

1) The functions are different. The main function of a bank card is to save money, withdraw money or manage finances, etc.; the main function of a credit card is For consumption, cardholders can consume first and then repay;

2) The validity period is different. The validity period of credit cards is mostly five years, while the validity period of bank cards is divided into 5 years, 10 years or even indefinitely;

3) There is interest for depositing money in bank cards, but there is no interest for depositing money in credit cards; 4) The annual fees are different. The annual fee for bank cards is mostly more than ten yuan, but Annual fees for credit cards can run into hundreds or even thousands of dollars.

3. There are still many differences between credit cards and bank cards, but they also have many similarities, and credit cards are also a type of bank card. There are three main types of bank cards: debit cards, credit cards and quasi-credit cards. Credit cards spend money first and then pay back, so they are also called credit cards; ordinary bank cards save money first and spend later, so they are called debit cards. You will understand what it means if you learn some knowledge. After reading the above introduction, I believe you will have a better understanding of the difference between credit cards and bank cards. In the process of using a bank card, there is no overdue payment or credit impact, but using a credit card is different. If it is overdue, it will affect your personal credit standing.

4. Generally speaking, bank cards include credit cards, and the difference between credit cards and debit cards is still very big, which is equivalent to two different consumption concepts. One is to consume first and then pay back, the other is to hold a savings card and then consume. In reality, more and more people are using credit cards, which has become a trend, but the savings function of debit cards is still essential in our lives.

Credit cards and debit cards both belong to the category of bank cards. Most of the ones we usually use to save and withdraw money are debit cards issued by various commercial banks. Credit cards are actually a category of bank cards. Bank cards can be divided into "debit cards" (also called savings cards) and "credit cards" according to their nature. Credit cards are further divided into "credit cards" and "quasi-credit cards".

The difference between credit card and bank card

1. The functions are different. The main function of bank card is to save and withdraw money, while the main function of credit card is consumption; 2. The validity period is different. , the validity period of credit cards is mostly five years, and the validity period of bank cards is divided into 5 years, 10 years or even indefinitely; 3. There is interest when depositing money in bank cards, but there is no interest when depositing money in credit cards; 4. The annual fees are different. The annual fees for bank cards are usually more than ten yuan, but the annual fees for credit cards are as many as hundreds or even thousands of yuan.

Credit cards are also called credit cards. They are issued by commercial banks or credit card companies. A credit certificate issued to credit-qualified consumers. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card.

This type of card can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal entities.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card.

Gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

How to distinguish bank cards and credit cards

To distinguish bank cards and credit cards, you can use the following methods:

1. The expiration date and cardholder’s name are printed on the front of the credit card Pinyin, while the debit card does not.

2. Credit cards are all embossed, while debit cards are usually flat-printed.

3. There is a 7-digit number printed on the back of the credit card, but not on the debit card.

4. On the back of a credit card, there are words "This card is valid only after signature" or similar words. On the back of a debit card, there are only the words "Signature of the cardholder".

5. Credit cards have laser anti-counterfeiting signatures; about 90% of debit cards do not have laser anti-counterfeiting signatures.

Debit cards are divided into transfer cards, special cards and stored-value cards according to different functions. Debit cards cannot be overdrawn. Debit cards have the functions of transferring money, depositing and withdrawing cash, and spending money. A special card is a debit card used in a specific area and for special purposes (referring to purposes other than department stores, restaurants, and entertainment industries). It has the functions of transferring funds, depositing and withdrawing cash. A stored-value card is a prepaid wallet-style debit card in which the bank transfers funds to the card for storage at the request of the cardholder and directly deducts funds from the card during transactions.

Debit card [debitcard] can be used for consumption online or at POS, or transfer and withdrawal through ATM. Overdraft is not allowed, and interest is calculated on the amount in the card based on current deposits. Funds are withdrawn directly from the savings account when spending or withdrawing money.

Debit cards generally require a password (PIN) when used. Debit cards can be divided into ordinary cards, gold cards and platinum cards according to their levels; they can be divided into domestic cards and international cards according to their scope of use.

Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the card-issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and repay later. A quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund as required by the bank. When the reserve fund is insufficient to pay, the cardholder can overdraw within the credit limit specified by the card-issuing bank.

Creditcard, often called a credit card, refers to a credit card in which the card-issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and repay later. It has the following features: consume first and repay later, enjoys an interest-free payment period (up to 56 days), and has a minimum repayment amount. Customers can repay in installments if they have overdrafts. Customers need to pay a certain amount of annual fees to the bank they apply for, which differs from bank to bank.

The quasi-credit card is a single-currency, single-account credit card that bears interest on deposits and is settled in RMB when swiping the card. It has functions such as transfer settlement, cash deposits and withdrawals, credit consumption, and online banking transactions. When the balance of the account is insufficient for payment by swiping the card for consumption or cash withdrawal, the cardholder can overdraft consumption or cash withdrawal within the prescribed limited credit limit, and a certain amount of interest will be charged. There is no interest-free repayment period.

Quasi credit card is a type of credit card with Chinese characteristics. There is no such type of credit card abroad. In the late 1980s, China's banking industry introduced credit card products from abroad. Because China's personal credit system was not very complete at that time, the Chinese banking industry made certain changes to foreign credit card products. The traditional foreign credit card credit card deposits had no interest and overdrafts had an interest-free period. Instead, deposits had interest and overdrafts were not interest-free.

A quasi-credit card has some functions of both a credit card and a debit card. It generally requires a deposit or a guarantor. When using it, you deposit first and then consume, and interest is calculated on the deposit. Cardholders can make small overdrafts within the limit approved by the card issuer when making purchases, but interest will be calculated on the overdraft amount from the date of overdraft, and the balance must be paid off in one go. There is no interest-free repayment period and minimum repayment amount. The basic functions are transfer settlement and shopping consumption.

What is the difference between ordinary bank cards and credit cards?

Functional differences: Credit cards can only be used for consumption. For cash withdrawals, you need to pay certain bank handling fees and cash withdrawal interest. Deposit cards can be used for consumption. , transfer, cash withdrawal and other functions, and there is no fee for withdrawal. 2. Differences in use: Credit cards can be used as long as they have a credit limit, while debit cards require a certain amount of deposit in the card before they can be used. 3. Differences in charges. 4. Differences in credit reporting.

Characteristics of credit cards:

1. One card, dual currency, applicable at home and abroad

The credit card can be used at nearly 30 million merchants in 300 countries and regions around the world and at all networked ATMs and cash withdrawal outlets. Domestic transactions are settled in RMB, and overseas transactions are settled in US dollars. All your overseas transactions are converted into U.S. dollars at the preferential exchange rate provided by international organizations and then credited to your credit card account. Avoid carrying large amounts of cash and reduce possible exchange rate losses due to currency conversion.

2． Spend first and repay later

Credit cards are international standard credit cards. Cardholders can consume first and repay later within the approved credit limit without depositing money in advance. According to the statement, when you choose to repay in full within the specified repayment date, you can enjoy interest-free treatment for up to 50 days on your consumption payments. When you choose to repay the minimum payment amount, you can continue to enjoy the bank's revolving credit.

3. Revolving credit

Based on your credit status, our bank will grant you a sufficient credit limit, up to 50,000 yuan. You can spend or withdraw cash within the credit limit approved by our bank without going through other loan procedures. , as long as you maintain a good credit record, the credit limit will rotate and be with you forever.

4． RMB repayment for overseas consumption

After spending overseas, you can directly purchase foreign exchange and repay in RMB with the current Dragon Card credit card statement. There is no need to go through complicated foreign exchange purchase procedures and there is no limit on the quota. , eliminating your worries about insufficient foreign exchange and complicated foreign exchange purchases, and providing you with the convenience of purchasing foreign exchange.

Debit card refers to a bank card that deposits first and then consumes (or withdraws cash) without overdraft function. According to different functions, they can be divided into debit cards (including savings cards), special cards and stored-value cards.

The difference between a credit card and a debit card:

Credit card

You can make purchases within your credit limit. Once you receive your bill, you must ensure you pay the minimum payment. The bank charges a certain amount of interest on the outstanding balance. Generally speaking, if you pay off your bill at the end of the month, you won't have to pay interest charges. If you have not paid off your outstanding balance, the bank will charge you a certain amount of interest based on a predetermined annual percentage rate (APR). The APR standards of each issuer are different. If citizens use a credit card to overdraft to withdraw cash, the bank will charge a certain fee, mostly interest on a daily basis, and there is generally no interest-free period for credit card overdraft withdrawals.

Credit cards allow citizens to make purchases without having to deposit money into the credit card in advance, and then deposit money into the card for repayment. Banks encourage citizens to use credit cards to make purchases, but discourage citizens from using them to withdraw cash. Therefore, although deposits can be made in credit cards, banks generally do not pay interest on the deposits in the cards.

Debit Card

Funds are debited directly from your account. A debit card provides access to all the funds in your account.

What is the difference between a credit card and a bank card?

The differences between a credit card and a bank card include different functions, different validity periods, different annual fees, different interest rates, different overdraft situations and different consumption methods. .

①. Different functions: bank cards can be used for deposits and withdrawals, consumption, financial management, etc. Generally, deposits are made first and consumption is later; the functions of credit cards are relatively simple, mainly for consumption, and you can consume first Then repay, so credit cards are also called credit cards;

②. Different validity periods: bank cards have longer validity periods, usually five to ten years or even indefinitely; Generally five years;

③. Annual fees are different: most bank card annual fees are more than ten yuan; credit card annual fees can reach hundreds or thousands of yuan;

④. Different interest rates: Deposits in bank cards carry interest, but deposits in credit cards do not calculate interest.

⑤. Different overdraft situations: Credit cards allow overdrafts, but debit cards do not. Overdraft is allowed;

⑥. Different consumption methods: Credit cards are consumer credit products, which can be consumed first and then repaid, while debit cards are deposited first and then used.

This is the end of the introduction about bank cards and credit cards and the reasons why bank cards and credit cards are frozen. I wonder if you have found the information you need?