What are the types of credit cards?

Credit cards can be divided into the following types of cards according to four dimensions:

(1) According to whether they have consumer credit functions Divided into: credit card and debit card;

(2) According to whether the reserve fund is paid, it can be divided into: credit card and quasi-credit card;

(3) According to the use The objects can be divided into: personal cards and corporate cards;

(4) According to the credit level, they can be divided into: platinum cards, gold cards and ordinary cards.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

Compared with ordinary bank savings cards, the most convenient way to use credit cards is that they can be used for ordinary consumption without cash in the card. In many cases, you only need to return the consumed amount on schedule. The invention of credit cards is like a double-edged sword, which can solve the temporary economic crisis. However, the purpose of banks issuing credit cards is to make money. Once the interest-free repayment time is exceeded, high interest will be charged, usually 10,000 per day. Five interest.

Credit card application method:

In most cases, citizens with full capacity for civil conduct (citizens over 18 years old in mainland China) and with certain direct financial resources can Apply for a credit card from the card issuer. Sometimes, legal persons can also be applicants.

Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.

How to distinguish between first-class and second-class credit cards?

There are several types of Type I, II and III accounts:

Type I accounts (with physical media) are full-function accounts that can be used for large deposits, withdrawals, transfers, consumption payments, and investment purchases. For large-value payment services such as financial products, there are no restrictions on the scope and amount of use.

Type II accounts (with physical media and non-physical media) have limited transaction amounts and can handle limited deposits, limited consumption payments, limited fund transfers to unbound accounts, and purchase of investments. Wealth management products (referring to the purchase of investment and wealth management and other financial products sold by banks themselves or through agents) and other small-amount payment services.

Type III account (no physical medium) is equivalent to a carry-on coin purse and is suitable for mobile payment services. You can handle services such as limited consumption and payment, and limited transfer of funds to unbound accounts.

CreditCard, also known as credit card/overdraft card, is issued by a bank and gives the cardholder a certain credit limit. The cardholder can consume within the credit limit and then repay. Credit cards can provide settlement services, facilitate shopping and consumption, reduce the use of cash, enhance your sense of security, and help you manage your funds reasonably. If you have excess funds deposited into your credit card, current interest will not be included. It is recommended that you directly spend the amount and then repay it.

What type of credit card is it?

Generally speaking, the judgment of several types of cards is for debit cards, but credit cards are approximately equal to Type I cards because they have basically the same permissions as Type I cards.

Type I cards have the most complete functions. They can deposit and withdraw cash, transfer, consume, pay, etc., and have a wide range of uses.

For example: transfers, payments, provident fund and other services can be handled through Type I accounts;

Type II cards need to be bound to Type I cards. Funds come from Type I cards, which can handle deposits and purchase bank investments. Financial products, consumption payments, etc. cannot be transferred to unbound accounts and the daily limit is 10,000;

Type III cards are mainly used for online payments, offline mobile phone payments and other small-amount payments.

That’s it for the introduction of several types of credit cards.