Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to the credit card issued by the bank, which gives the cardholder a certain credit limit, within which the cardholder can spend first and then repay. A quasi-credit card refers to a quasi-credit card issued by a bank. The cardholder deposits a certain amount of reserve fund according to the regulations. When the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

Advantages of credit card:

1. Consume first and then repay. You can swipe your card within the available credit card limit and repay before the repayment date. You don't need to deposit money in your credit card first.

2. There is an interest-free period for a certain time after credit card consumption, and the period from the date of credit card consumption to the date of repayment belongs to the interest-free period;

3. Credit cards can apply for installment repayment to ease the financial pressure of cardholders;

Most banks' credit cards have cash installment business, similar to loans. You can borrow a sum of cash from the issuing bank in advance, and then you can repay it in installments, and you have to pay a certain handling fee, but it is much simpler than applying for a loan;

5. Credit card points can be exchanged for gifts or air miles;

6. If it is a platinum credit card, you will enjoy some privileges, such as waiting in the VIP lounge of the airport and emergency rescue on the way.

7. Credit cards can enjoy certain discounts or concessions when swiping at the cooperative merchants designated by the issuing bank;

8. The issuing bank will engage in activities such as giving credit card points, giving gifts and paying by credit card from time to time.