Credit card is a financial gadget that we use more often, because it can help us organize our personal funds, so its uses are very wide. So what does the basic function of a credit card not include?

What does the basic function of a credit card not include?

The basic functions of a credit card do not include savings and transfers. On the one hand, the credit card itself is given to us by the bank. The credit consumption limit, so the ownership of this money does not belong to us, we only have the right to use it. On the other hand, a credit card itself is not a type of cash, so it does not have the basic function of transferring money. Of course, credit cards can help us consume first and repay later. We can overdraft cash, use money within the limit allowed by the card-issuing bank, and enjoy the interest-free period.

In credit card consumption, we can generate credit card points. These points can generally be redeemed for gifts at the points mall, so this is also a benefit for cardholders. In addition, credit cards can often participate in store activities, such as "half price on Wednesdays", "free purchase for two people traveling together on Thursdays", "double points for spending on Fridays" and other preferential benefits, which will reduce our daily consumption expenditures. greatly reduced.

To sum up, this is the basic function of a credit card.