But credit cards are different from savings cards, and their main purpose is to stimulate consumption, not to deposit or withdraw money.

So credit cards can save money, but there is no interest.

Generally speaking, even if it is a time deposit, the money in the savings card will have interest on the current deposit, while the money in the credit card will have no interest no matter how long it is deposited!

1. It's ok to deposit money, but after deposit, you can only use a credit card, and the deposit has no interest. Cash withdrawal is regarded as cash advance by credit card, and the handling fee is charged, but no interest is charged (provided that the cash withdrawal amount is within the credit card deposit limit), and according to the regulations of the People's Bank of China, credit cards (debit cards) can only withdraw 2000 yuan or equivalent RMB foreign currency every day. For example, China Merchants Bank credit card.

2. Interest-free deposit is equivalent to interest-free debit card. For example, ICBC credit card.

Suggestion: It is not recommended to use credit card or debit card as savings card (or debit card). There is no interest, which may cause other expenses, and there are many restrictions on withdrawal. At present, many banks do not charge for opening savings cards, and deposits above a certain amount are exempt from annual fees. It is suggested that it is more convenient and cost-effective to deposit money with a savings card. Because since it is a credit card, of course, it is mainly based on loans.

Extended data

Compared with ordinary bank savings cards, the most convenient way to use credit cards is for ordinary consumption, and there is no cash in the cards. In many cases, it is enough to return the consumption amount on time.

You can spend without deposit overdraft, and enjoy an interest-free period of 20-56 days to repay on time without any charge (most banks will charge 0.5% interest on the day of cash withdrawal, and there will be a 2% handling fee, but ICBC will only charge interest).

It is not only safe and convenient to swipe your card when shopping, but also a bonus gift.

Special merchants who hold cards in banks can enjoy preferential treatment.

Accumulate personal credit, add credit records to credit files, and benefit for life.

Access to the whole country is barrier-free, and you can withdraw money or spend money by credit card on ATM and POS machines with UnionPay logo; (Note: Credit cards are only suitable for credit card spending. It is best not to withdraw cash, which is expensive and uneconomical. )

Credit card spending, some credit cards get existing points, and various discounts and lottery activities throughout the year, so that you can always have surprises as long as you use the card; (Most credit cards have no points for online payment, but online payment is very convenient and fast. )

Mail the statement free of charge every month, so that you can grasp every consumption expenditure transparently; (Now advocating environmental protection, you can cancel the paper statement and change it into an electronic statement. )

Unique supplementary card function, suitable for husband and wife to jointly manage money or master children's financial expenses.

The free choice of one card and two currencies is popular all over the world, and consumption abroad can repay in RMB.

400 telephone or 5-digit short number prefixed with "9" provides 24-hour service, and the report of loss takes effect immediately, with zero risk of card loss.

Validity period: It is known that the validity period of domestic credit cards is generally three to five years.

Use the third-party platform (the domestic platform supporting credit card bill management is mainly Jujindou) to conduct business cooperation and provide preferential services for cardholders.

After receiving the application form and related materials submitted by the applicant, the issuing bank shall review the applicant's credit standing. The contents of the review mainly include the application.

No matter whether the content of the application form is true or not, the applicant should also evaluate his credit degree, and the individual should also review the relevant information of the guarantor.

Usually, the bank will review the information and economic situation of the applicant according to the application materials to judge whether to issue a credit card to the applicant. The factors considered include the applicant's past credit record, the applicant's known assets, professional characteristics, etc.

References:

Baidu encyclopedia-credit card