Credit cards can be used to deposit money. Credit cards are different from ordinary bank cards.

You can deposit money into a credit card. The money deposited is called overpayment and will not accrue interest on the card. If the user wants to withdraw money, there may be a handling fee, but most credit cards are free of charge for the first few cash withdrawals each month. Therefore, do not deposit idle money into your credit card in normal times to avoid incurring handling fees when you withdraw it.

The difference between credit cards and ordinary debit cards

1. Different application methods

The application process for debit cards is relatively simple and the application requirements are low. Applicants only need to bring their identity certificate to the bank to apply for the card, and pay a certain amount of card opening fee. Applicants can open online banking at the same time as they apply, and can use debit cards to transfer, pay and consume online. The interest on the deposits in the card is calculated based on the current interest rate.

In comparison, the application process for credit cards is complicated and the requirements are high. Credit cards are generally only issued to people with good credit status, and not everyone can apply. Applicants are required to provide work permit, academic certificate, income certificate, property certificate (such as real estate certificate, car driving license), etc. At the same time, the overdraft limit of each credit card is also different. Generally speaking, the more detailed materials provided, the greater the chance that the applicant will be approved for the credit card, and the higher the credit limit that may be obtained.

2. Different nature

Debit card is a credit tool with functions such as transfer settlement, cash deposit and withdrawal, shopping and consumption. Cardholders can spend, transfer and withdraw cash through bank counters, ATM self-services, online banking and POS machines. Credit card is a non-cash payment method and a simple credit service. The biggest difference between a debit card and a credit card is that with a debit card, you deposit money first for consumption and cannot overdraw. You can use and withdraw as much as you deposit.

Credit cards are issued by banks to individuals and organizations. They can use them to shop and consume with special organizations and deposit and withdraw cash from banks. They are special carrier cards with consumer credit. Simply put, credit cards can be used to consume first and then repay. , advance consumption, in the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back.

3. Different functions

Debit cards can be divided into debit cards (including savings cards), special cards and stored-value cards according to their functions. The main functions are cash deposits and withdrawals, transfers and remittances, card consumption (with deposits in the card), collection and payment, etc. Today's debit cards also have many value-added functions such as financial management, fund trading, stock trading, etc.

The credit card we are talking about refers to a credit card issued by a bank and giving the cardholder a certain credit limit. The cardholder can consume within the credit limit and then repay. Credit cards have both payment and credit functions. The most convenient and common function of a credit card is that you can make ordinary purchases without cash in the card. However, if the cardholder fails to pay off the loan after the interest-free repayment period, he or she will need to pay interest.

Finally, I need to remind everyone that although there are many differences between debit cards and credit cards, the security issues of both cards deserve to be taken seriously. Everyone should keep their bank cards and passwords in case they occur. If lost, please contact the bank as soon as possible to report the loss to avoid financial losses.