What is China Construction Bank Settlement Card?

Settlement card is a quasi-credit card business of China Construction Bank. This card is limited to 3,000 intra-bank remittances per year, and there is no service fee for renewal without a card. Some branches can also use this card for inter-bank remittances. China Construction Bank Settlement Card is a debit card. Settlement card is a fund settlement personal financial product launched by China Construction Bank for individual merchants and private enterprises. In addition to the transfer, withdrawal and other functions of ordinary bank cards, China Construction Bank settlement cards can also handle corresponding packages, and users can enjoy cross-regional transfer and other services for free.

1. China Construction Bank savings card is also a settlement card. A charge card does not have to be a credit card. The classification of bank cards is as follows: bank cards (UnionPay cards) are divided into credit cards and debit cards, and credit cards are divided into credit cards and quasi-credit cards. Debit card is an ordinary savings card, which is a current deposit account and can be used for consumption, ATM deposits and withdrawals, etc.; credit card can be used for consumption, ATM deposits and withdrawals, etc. The biggest advantage is that it can be overdrafted (with a certain credit limit) . A credit card refers to a credit card in which the card-issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the limit and then repay. A quasi-credit card refers to a credit card in which the cardholder deposits a certain amount of reserve as required by the bank. When the reserve is insufficient to cover the payment, an overdraft can be made within the credit limit specified by the issuing bank.

2. Debit cards are divided into debit cards, special cards and stored-value cards according to different functions. Debit cards cannot be overdrawn. Debit cards have transfer, deposit, withdrawal and consumption functions. Special cards refer to debit cards used in specific areas and for specific purposes (purposes other than department stores, restaurants, and entertainment industries). With transfer and cash deposit and withdrawal functions. A stored-value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage at the request of the cardholder and deducts funds directly from the card during the transaction. The following is the difference between the two cards. Credit cards (consumer credit products) consume first and then repay, while debit cards deposit first and then use; credit cards can be overdrafted, but debit cards cannot; credit cards have revolving credit limits, and debit cards do not have revolving credit limits; (Revolving credit refers to the amount of money that the bank approves for the cardholder to use. The cardholder does not need to repay all the debt used within this limit.

3. It can only be maintained if the minimum repayment amount is reached. If the cardholder repays the card in full before the final payment date, he or she will enjoy an interest-free repayment period for shopping purchases; credit card deposits will not be interest-bearing, and debit cards will be charged as savings. Interest rate calculation; credit cards are asset businesses, and debit cards are liability businesses; card issuance should meet relevant conditions (such as work unit situation, repayment ability assessment, personal credit record review, etc.), and cards can be issued with an ID card; credit cards have anti-counterfeiting marks and UnionPay logo, debit card only has UnionPay logo.

Is CCB Settlement Pass Card a credit card?

The savings card of China Construction Bank is also a settlement card. The settlement card is not necessarily a credit card. The following is the classification of bank cards:

Bank cards (UnionPay cards) are divided into credit cards and debit cards. , credit cards are divided into credit cards and quasi-credit cards. Debit cards are ordinary savings cards, which are current deposit accounts and can be used for consumption, ATM deposits and withdrawals, etc.

Credit cards can be used for consumption, ATM deposits and withdrawals, etc. The biggest advantage is that they can be overdrafted ( There is a certain credit limit).

A credit card refers to a credit card in which the card-issuing bank grants the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and repay later.

A quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund as required by the bank. When the reserve fund is insufficient to pay, the cardholder can overdraw within the credit limit specified by the card-issuing bank.

Debit cards are divided into transfer cards, special cards and stored-value cards according to different functions. Debit cards cannot be overdrawn.

The debit card has the functions of transferring money, depositing and withdrawing cash, and spending money.

Specialized cards are debit cards used in specific areas and for special purposes (referring to purposes other than department stores, restaurants, and entertainment industries). They have the functions of transferring funds, depositing and withdrawing cash. A stored-value card is a prepaid wallet-style debit card in which the bank transfers funds to the card for storage at the request of the cardholder and directly deducts funds from the card during transactions.

The following are the differences between the two cards:

1. Credit cards (consumer credit products) consume first and then repay, while debit cards deposit first and then use;

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2. Credit cards can be overdrafted, but debit cards cannot be overdrafted;

3. Credit cards have a revolving credit limit, but debit cards do not have a revolving credit limit; (revolving credit is what the bank gives the cardholder The credit limit that can be used is determined, and the cardholder does not need to repay the balance in full if it is used within the limit. Only the minimum repayment amount specified can maintain a good credit record and the cardholder's credit limit can be reused again. . )

4. If the credit card holder repays the payment in full before the final payment date, the shopping consumption will enjoy an interest-free repayment period;

5. Credit card deposits do not accrue interest. Debit card deposits are calculated based on savings interest rates;

6. Credit cards are asset businesses, while debit cards are liability businesses;

7. Credit card issuance must meet relevant conditions (such as the work unit’s situation, repayment ability assessment, personal credit record review, etc.), debit cards only need to have an ID card;

8. Credit cards have anti-counterfeiting logos and UnionPay logos, and debit cards only have UnionPay logos. logo.

Is the China Construction Bank Settlement Card a credit card?

No, the Settlement Card is still a savings card, not a credit card.

If you want to apply for a CCB credit card, you can log in to the CCB credit card website and click "Credit Card Online Application" to apply directly. Or you can apply directly to the branch by providing proof of financial resources.

This is the introduction to whether the Settlement Pass Card is a credit card.