Credit card is a kind of bank card. Bank card (UnionPay card) is divided into credit card and debit card, and credit card is divided into credit card and quasi-credit card. Debit cards are ordinary savings cards, which are current deposit accounts and can be used for consumption, ATM deposits and withdrawals, etc.;

Credit cards can be used for consumption, ATM deposits and withdrawals, etc. The biggest advantage is that they can be overdrafted ( There is a certain credit limit).

A credit card refers to a credit card in which the card-issuing bank grants 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.

Debit cards are divided into transfer cards, special cards and stored-value cards according to different functions. Debit cards cannot be overdrawn.

The debit card has the functions of transferring money, depositing and withdrawing cash, and spending money.

Specialized cards are debit cards used in specific areas and for special purposes (referring to purposes other than department stores, restaurants, and entertainment industries). They have 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.

The following are the differences between the two cards:

1. Credit cards (consumer credit products) consume first and then repay, while debit cards deposit first and then use;

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2. Credit cards can be overdrafted, but debit cards cannot be overdrafted;

3. Credit cards have a revolving credit limit, but debit cards do not have a revolving credit limit; (revolving credit is what the bank gives the cardholder The credit limit that can be used is determined, and the cardholder does not need to repay the balance in full if it is used within the limit. Only the minimum repayment amount specified can maintain a good credit record and the cardholder's credit limit can be reused again. . )

4. If the credit card holder repays the payment in full before the final payment date, the shopping consumption will enjoy an interest-free repayment period;

5. Credit card deposits do not accrue interest. Debit card deposits are calculated based on savings interest rates;

6. Credit cards are asset businesses, while debit cards are liability businesses;

7. Credit card issuance must meet relevant conditions (such as the work unit’s situation, repayment ability assessment, personal credit record review, etc.), debit cards only need to have an ID card;

8. Credit cards have anti-counterfeiting logos and UnionPay logos, and debit cards only have UnionPay logos. logo.