As banks continue to work in the credit card segment, there are more and more types of credit cards, from regular cards to platinum cards, from co-branded cards to theme cards. How should we distinguish among the various types of credit cards? , in fact, there are just a few types of credit cards, divided by level, cardholder, storage medium, currency, card relationship, etc.
By level
1·General card
Entry-level credit card, the application conditions are relatively simple, the credit limit is usually less than 10,000 yuan, most general cards There will be no annual fee. Some banks' general card limit can reach 50,000 yuan.
2. Gold Card
The Gold Card has a higher credit limit than the regular card and has some basic rights; it can be understood as an advanced card. Banks have stricter review requirements for applicants. After all, gold cards enjoy more discounts. The limit is usually between 10,000 and 500 million, and the annual fee can basically be waived by swiping the card.
3·Platinum Card
Compared with the previous two cards, the Platinum Card is exclusive to high-end users. Banks have strict review of users. Generally speaking, the financial income of the users or the bank’s There are requirements for depositing assets. The characteristics of the platinum card are mainly reflected in the benefits, such as airport VIP, mileage redemption, golf, etc. The annual fee of the platinum card usually has some annual fees, and the annual fee exemption method is also relatively special, which usually requires the use of points redemption. There are also some banks that waive annual fees for platinum cards or small platinum cards with lower benefits by swiping the card.
4·Diamond Card
The Diamond Card is one level higher than the Platinum Card. It can highlight the user's identity and can be understood as a VIP level. Banks have very high requirements for users who apply for diamond cards. Generally speaking, users have an annual income of more than one million, and there are certain asset requirements, but the credit limit corresponding to a diamond card is also in the millions.
5·Black Card
The Black Card is a legendary level, the highest level "Centurion Charge Card" launched by American Express. On this planet, there are very few people who have black cards. Basically, they have "heard of it but never seen it". The black card is invitation-only and does not accept active applications. It is extremely private and has no upper limit. In mainland my country, currently only three banks, Industrial and Commercial Bank of China, China Merchants Bank and China Minsheng Banking Corporation, have been authorized by American Express to issue "Centurion" black cards for their customers. Although there are certain differences at home and abroad, the number of invitees domestically is far lower than 1 among bank customers. (The rights of the black card are too many and too legendary. I will not go into details without personal experience. emm)
The following ones are relatively simple, divided according to the cardholder , divided by storage medium, divided by currency, divided by card relationship.
According to the cardholder: personal card, corporate card
According to the storage medium: magnetic stripe card, chip card
According to the currency: single currency card, dual-currency card
According to the card relationship: main card, supplementary card
According to the issuance, it can also be divided into co-branded card, standard card and approval card. We are the most common What arrived was the co-branded card.
Co-branded card: A co-branded card is a bank card jointly issued by a card-issuing bank and a for-profit institution. The most common is a co-branded debit card. A co-branded card not only has all the characteristics of a bank card - Cash deposits and withdrawals, card purchases, transfers, etc., some new functions are also added based on the agreement between the bank and the merchant.
Standard card: A standard card is a credit card independently issued by a bank, such as the standard credit cards of various banks, the classic platinum card of China Merchants Bank, etc.
For example: UnionPay standard card is a bank card issued in accordance with China UnionPay's business and technical standards. The card has the "UnionPay" logo on it and the issuing bank identification number (BIN) has been assigned and confirmed by China UnionPay. Currently, the BIN range of UnionPay standard cards issued by each member institution of China UnionPay is: 622126-622925, all prefixed with "62", so they are also called cards prefixed with "62".
Approval card: An approval card is a card with public welfare functions. The function of an approval card is basically the same as a credit card, but the approval card is issued by the card-issuing bank and non-profit institutions, religious groups or charitable institutions. It is jointly issued and has a public welfare function. Consumers apply for this card because of their recognition of this non-profit organization, and the bank will give back a specific proportion of the cardholder's consumption to this non-profit organization. Domestic approved cards are mostly common in universities, such as Bank of China Tongji Card, Bank of China Jiaotong University Card, etc.; in 2006, Yushan Bank in Taiwan issued an approved card for the legendary MLB player Zhang Jianmin.
It can also be classified by card organization, including VISA, Mastercard, JCB, Discover, China UnionPay, Diners Club, NETS, etc.