You can save money, but credit cards are used for consumption, not settlement, so don’t use credit cards as savings cards. It’s easy to open a settlement account now, so don’t mix it with a credit card.

Because credit cards are different from debit cards, there is no interest when you deposit money into a credit card, no matter how much or how long you deposit it.

Not only that, if you want to withdraw the money stored in it, most banks will also charge a handling fee for overpayment recovery.

The so-called overpayment refers to the funds that credit card users overpay when repaying or the funds stored in the credit card account. When withdrawing, a certain fee must be paid.

To put it simply, if there is any deposit in the credit card that exceeds the amount of the bill that should be repaid, you will be charged when you withdraw it.

Extended information

Credit Card, also called credit card. It is a non-cash transaction payment method and a simple credit service.

Main Features

Pre-deposit of cash is not encouraged, consumption first and repayment later, enjoys interest-free repayment period, can be repaid in installments (with minimum repayment amount), join VISA, International credit card organizations such as Master Card and JCB are used globally.

It is one of the fastest growing financial services today and is an electronic currency that can replace traditional cash circulation to a certain extent.

Has both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using their credit cards.

It is a high-tech product integrating financial business and computer technology.

Can reduce the use of cash currency.

It can provide settlement services to facilitate shopping and consumption and enhance a sense of security.

It can simplify the collection procedures and save social labor.

It can promote product sales and stimulate social demand.

Reference materials:?Baidu Encyclopedia-Credit Card