What's the difference between a credit card and a bank card
What's the difference between a credit card and a bank card?
1. The functions are different. The main functions of bank cards are saving money, withdrawing money or managing money, etc. The main function of credit card is consumption, and the cardholder can spend first and then repay;
2. The validity period is different. The validity period of credit cards is mostly five years, and the validity period of bank cards is divided into five years, ten years or even indefinite use;
3. There is interest in saving money in a bank card, but there is no interest in saving money in a credit card;
4. The annual fee is different. The annual fee for bank cards is mostly more than ten yuan, but the annual fee for credit cards is as high as several hundred yuan or even thousands of yuan.
There are many differences between credit cards and bank cards, but they also have many similarities, and credit cards are also a kind of bank cards. Bank cards mainly include debit cards, credit cards and quasi-credit cards. A credit card is also called a debit card because it pays money first and then pays it back. Ordinary bank cards deposit first and then spend, so they are called debit cards. Learn some knowledge and you will understand what it means.
in the process of using a bank card, there is no overdue and credit impact, but using a credit card is different. If it is overdue, it will affect the personal credit.
how much is the annual fee for Qianda Credit Card of Industrial Bank? Mainly depends on the level
Industrial Bank has bought a Qianda credit card, which has two types: gold card and platinum card. If the first card reaches the standard, you will get a gift package from Qianda shopkeeper 5 yuan, so that the cardholder can spend and invest correctly. If you want to apply for this card, it is suggested that you know the annual fee first, and then choose the appropriate card level according to your own situation. Let's take a look.
how much is the annual fee for Qianda Credit Card of Industrial Bank?
The annual fee of Industrial Bank's credit card depends on the card level. As mentioned earlier, this money-rich credit card includes gold card and platinum card (elite version), in which the gold card has a main card and an auxiliary card, while the platinum card only has a main card but no auxiliary card, and its annual fee is marked as follows:
1. Gold card:
1) Annual fee standard: the main card is RMB 2 yuan per year, and the annual fee of the auxiliary card is half of that of the main card.
2) Preferential policy of annual fee: if the card is not activated, the annual fee for the first year will be exempted, and the annual fee for the next year can be reduced or exempted if the card is swiped or cashed five times in one year, regardless of the amount and transaction form.
2. Platinum card:
1) Annual fee standard: the main card is RMB 5 yuan per card per year;
2) Preferential policy for annual fee:
Cardholders who successfully apply for a card for the first time can reduce the annual fee for the first year if they trade over 2, yuan or equivalent foreign currency within 6 days of card verification;
if the accumulated installment amount reaches 5, yuan within one year, the annual fee for the following year can be reduced or deducted, or 3, points can be used to deduct the annual fee for the following year.
the above is the introduction of "how much is the annual fee of Qianda Credit Card of Industrial Bank". In a word, the annual fee charging standard and annual fee exemption conditions are different for different grades of Qianda Credit Card of Industrial Bank. It is recommended to know the annual fee of the selected grade of credit card before handling the card.
how much is the monthly interest of ICBC's current account of 1, yuan?
The interest of China Industrial and Commercial Bank's 1, yuan current account is 3 yuan. The calculation formula of interest is: interest = principal deposit interest rate.
As the interest rate changes frequently, the annual interest rate of deposit interest rate published by China Industrial and Commercial Bank in 221 is calculated as .3%: interest = principal deposit rate =11.3%=3 yuan.
ICBC products and services
Bank card business
ICBC is the largest credit card issuer in China and one of the most complete credit card issuers. New products such as euro credit card, peony express business card, peony unionpay card, peony sports card and new peony transportation card have been launched one after another; Promote the construction of service system of business outlets, VIP customer service centers and other channels; Actively choose overseas institutions to issue cards as agents, and further strengthen cooperation with international card organizations.
at the end of p>27, the number of credit cards issued was 23.38 million, and the consumption was 161.9 billion yuan, which continued to maintain the leading market position in both card issuance and consumption. The credit card overdraft balance was 8.241 billion yuan, an increase of 59.5%.
By the end of 29, the number of credit cards issued by ICBC exceeded 52 million, an increase of nearly 13 million a year, with an increase of 33%. It not only remained the first credit card issuing bank in China, but also surpassed the three world-class credit card giants of Discovery Card, American Express and First Capital in a year, achieving a perfect "triple jump" and becoming the fourth largest credit card issuing bank in the world after JPMorgan Chase, Bank of America and Citigroup.
establish a personal financial service model based on debit card; Strengthen the integration of marketing channels by virtue of the advantages of Peony Link Card with multiple accounts and multiple functions; Give play to the role of Peony Link Card in payment and settlement, and divert the pressure on the counter. At the end of 27, the number of debit cards issued was 187 million, an increase of 8.58 million, and the annual consumption was 454.3 billion yuan, an increase of 71.4%.
by the end of p>27, the number of bank cards issued exceeded 21 million, an increase of 21.49 million. The bank card business income was 4.537 billion yuan, an increase of 4.6%.
ICBC actively promotes the popularization and application of chip cards. By the end of May 212, the circulation of various chip cards in ICBC had exceeded 5.5 million, ranking first among domestic peers. Among them, the number of chip credit cards issued reached 5.38 million, an increase of 1.11 million or 26% compared with the beginning of the year, and the number of chip debit cards such as chip cards for wealth management accounts was nearly 13,. At the same time, ICBC has also made great efforts to improve the acceptance environment of chip cards. More than 9% of ICBC's self-service machines can accept chip cards, laying a solid foundation for the further popularization of chip cards.
compared with the traditional bank card using magnetic stripe, each chip card has a microcrystalline chip, which greatly increases the information storage capacity of the card. It can not only realize all the financial functions of the ordinary magnetic stripe bank card, but also provide customers with personalized intelligent services such as offline transaction, contactless transaction, membership management and integral management.
At the same time, the chip card has further upgraded the anti-counterfeiting technology, which has higher security. Industrial and Commercial Bank of China (ICBC) is one of the earliest commercial banks in China to start the research and development of chip bank cards, and has maintained a leading position in the field of chip card technology research and development, industry cooperation and card issuance scale for a long time.
As early as 1995, ICBC issued the first smart chip card approved by the People's Bank of China, and issued the first domestic chip credit card at the end of 25. Since 29, it has taken the lead in comprehensively promoting chip cards among domestic peers. By the end of 21, ICBC has issued more than 9 million chip cards of various types, and 95% of the 45, POS machines can accept "magnetic stripe plus chip".
[ Staring at Travel] Three pitfalls of overseas credit card swiping are always sorted out
Traveling to advanced countries and using credit cards that provide cash back for overseas credit card swiping is definitely a good choice to earn back. However, banks don't want to be philanthropists when they offer overseas credit card discounts, so of course there are traps to make advertising lines look good, but consumers may see and eat them! There are three main pitfalls: first, there is an upper limit for feedback; second, the time limit for using the feedback money is too short; third, the annual fee is high.
first, there is an upper limit on the return
if the consumption amount is high enough, you should choose a credit card with a relatively low return rate but no upper limit on the return. For example, Aussie Bank's cash rebate card provides 5% cash rebate on the surface. It seems that every purchase is 15% off. Even if it spits back the 1.5% handling fee for overseas consumption, there is still a good discount, but the upper limit of monthly rebate is only 25 yuan. In terms of five days and four nights in Japan and an average of NT$ 3, a day for hotels, hotels for four nights should give back to 6 yuan, but actually they can only give back to 25 yuan; Other credit cards with a feedback ratio of 2.22% but no upper limit can give back 264 yuan. This still does not include the cost of meals, transportation, souvenirs, and the purchase of electrical appliances.
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Second, the time limit for the use of the rebate is too short
Please recognize the fact that the cash rebate credit card is not really a cash rebate, it only gives the user a quota to deduct the payable amount in the next period of consumption as a deduction. In other words, if there is no consumption in the next period, cash will not be returned, and the actual return ratio is equal to %! Some banks use this method, and the design reward is only valid for one month. If you are not careful, you will get nothing back. Some credit cards have a six-month or even one-year payback period, so users must read the rules clearly. Generally speaking, people's consumption habits will share their expenses equally in different months, so that the monthly consumption quota is almost the same, so as to avoid the tendency of making ends meet. In this case, the rebate is only valid for one month and will not be a big problem. However, traveling abroad is an exception. Traveling abroad is often a large expense outside of daily life. Therefore, if it is not expected that there will be too much expense in the short term after going abroad, it is necessary to consider the problem that when the validity period expires, the amount of cash feedback that has not been deducted will be zero! In order to avoid overseas credit card earning cash back is just a dream, it is particularly important to choose a credit card with a longer return period. To solve this problem, there is no way. As long as you use your own cash as the main card to give back to credit shopping and choose to pay by installments when shopping, it will be equivalent to spending money on your credit card every month, ensuring the minimum deduction to be used and updated continuously, saving time and effort to earn cash!
third, the annual fee is high.
The more years credit card offers, the higher the fees will be. After all, the discounts offered by banks are not for nothing, so you have to make ends meet. However, in terms of overseas consumption, the difference between the annual fee and the annual fee is not as big as expected. For example, the difference between 2.22% of Yuanda Bank and 2.8% of China Trust is only .58%, but the annual fee has changed from free to 4,5 yuan!
once this equation is calculated, it is not difficult to find that if the overseas credit card does not exceed 775,862 yuan, even the fixed expenditure of 4,5 yuan of annual fee can not be filled! So I think unless it is certain that overseas spending will exceed 8 thousand Taiwan dollars, is it necessary to use overseas cash feedback credit cards with annual fees? The answer is no.
I mainly use the 2.22% discount offered by Yuanda Bank in Japan, but frankly speaking, not only is the card face ugly, but the billing date is very annoying, "only three days can be selected every month". When I raise the limit, I have to review the book, and I am also very tough on customers who have lost the card. But in Japan, I have never failed to swipe it, and there is no upper limit for feedback, which is very suitable for brainless swiping, so I have been using it for a while. As for the super cash feedback card of South China Bank, which I used to love, because the discount has dropped to 1%, it has long fallen out of favor from my heart, so I won't share my experience with you.
In short, before you decide to get a credit card for overseas consumption, you'd better know your consumption pattern first, and then choose a suitable credit card according to the special rules of the issuing bank, so you should be able to save money and travel happily!
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That's enough for the introduction of Yuanda Credit Card.