1. What are the differences between credit cards and debit cards

1. The differences between credit cards and debit cards are as follows:

(1) Different functions. Credit card refers to a certain credit line issued by the issuing bank to the cardholder, and debit card refers to a bank card issued by the issuing bank to the cardholder, which has no credit line and no overdraft function, and the cardholder can only deposit it before using it;

(2) the interest is different. Credit card deposits are interest-free, and withdrawal may require a certain withdrawal fee. Debit card deposits bear interest according to deposit interest rate and are paid quarterly;

(3) The handling conditions are different. Credit card issuance needs to meet the relevant conditions, and debit cards need to be at least 16 years old.

2. Legal basis: Article 42 of the Law of the People's Republic of China on Commercial Banks

The borrower shall repay the principal and interest of the loan on schedule.

if the borrower fails to repay the secured loan at maturity, the commercial bank shall have the right to demand the guarantor to repay the loan principal and interest or to get priority compensation for the collateral. Real estate or equity acquired by a commercial bank due to the exercise of mortgage or pledge shall be punished within two years from the date of acquisition.

if the borrower fails to repay the credit loan at maturity, it shall bear the responsibilities as agreed in the contract.

2. What are the conditions for handling credit cards?

The conditions for handling credit cards include:

1. Applicants for credit cards must be over 18 years old;

2. The applicant should have a stable job and provide the bank with a work certificate and bank flow;

3. Credit card applications need a good credit record. If the credit record is poor, it will generally not be approved;

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