Legal basis: Measures for the Administration of Bank Card Business
Article 5 Bank cards include credit cards and debit cards. Bank cards are divided into RMB cards and foreign currency cards according to different currencies; According to the different issuing banks, it can be divided into corporate cards (business cards) and personal cards; According to different information carriers, it can be divided into magnetic stripe card and ic card.
Article 6 Credit cards are divided into credit cards and quasi-credit cards according to whether the reserve fund is deposited with the issuing bank. 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 must first deposit a certain amount of reserve fund according to the requirements of the issuing bank, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the credit limit stipulated by the issuing bank.
Article 7 Debit cards are divided into transfer cards (including savings cards, the same below), special cards and stored value cards according to different functions. Debit cards have no overdraft function.
Article 8 A transfer card is a debit card for real-time deduction. It has the functions of transfer settlement, cash deposit and withdrawal and consumption.
Article 9 A special card is a debit card with a specific purpose and used in a specific area. With transfer settlement and cash deposit and withdrawal functions. Special use refers to use outside department stores, restaurants, restaurants and entertainment industries.
Article 10 A stored-value card is a prepaid wallet-type debit card in which the issuing bank transfers its funds to the card for storage according to the cardholder's requirements and directly deducts money from the card during the transaction.