The debit card gold card and the credit card (credit card) gold card both belong to the gold card level, so what is the difference between them?

Both bank debit card and credit card (credit card) gold card belong to the category of non-cash electronic payment instruments. Their function is to convey payment instructions to the payee and the payer, and they are the transfer of monetary funds. As a carrier to realize the repayment of claims and debts, it plays an indispensable role in providing people with efficient, convenient, safe and flexible payment and settlement services.

In the bank card family, generally speaking, the credit card (credit card) gold card belongs to the credit card (credit card) category, the debit card gold card belongs to the debit card category, and the credit card gold card belongs to the debit card category. The most essential difference between (credit card) and debit card is whether these two types of cards have consumer credit functions. As for the suffix of their names with the word "gold card", they are classified according to the level of bank cards, that is, they are divided into gold cards and ordinary cards.

The credit card (credit card) gold card has the characteristics of consumer credit, that is, you can overdraft, consume first and repay later, while the debit card gold card does not have this feature. Specifically, credit cards (credit cards) and gold cards have a revolving credit limit, and card-issuing banks in my country will generally grant cardholders an interest-free period of up to about 60 days. As for the credit limit of the cardholder, the bank determines it based on the credit status. It is usually short-term, small-amount, non-specified credit, without mortgage guarantee, and of course there are minimum repayment requirements.

In addition to the revolving credit function, the credit card (credit card) gold card has the same settlement functions as the debit card gold card in depositing and withdrawing cash, transferring money, and online payment. Although the debit card gold card does not have an overdraft function, cardholders can use the debit card to handle a large number of value-added services such as financial management, foreign exchange transactions, and bill payments.

In addition, how to choose a bank card is also very important. You should first understand the types of bank cards, what functions each type of bank card has, and what your needs are, and then further understand the corresponding requirements of credit cards (debit cards). For details such as annual fees, interest rates, deferred payments, etc., you should also read the bank card contract carefully and consider these factors before making a selection.