After the credit card is successfully activated, money will be deducted even if it is not used. Because credit cards have annual fees, most banks stipulate that credit cards need to be swiped the required number of times each year before the annual fee can be waived.

Types of credit card products

Institutional classification

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

(1) Bank card. 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.

(2) Non-bank card. Such cards 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., and are used for purchasing tickets, meals, accommodation, entertainment, etc.

Card issuance objects

(2) According to the different card issuance objects, it can be divided into corporate cards and personal cards

(1) 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 organizations.

(2) 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.

Credit status

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

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

(2)Gold card. A 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.

Repayment methods

(4) According to different repayment methods, credit cards can be divided into credit cards and quasi-credit cards

Circulation scope

(5) According to the different circulation scope of credit cards, they can be divided into international cards and regional cards