Can a credit card be used as a salary card?

It can be used as a salary card, but the extra money deposited into the credit card is an overpayment. Some banks charge a fee for receiving the overpayment. Take China Merchants Bank as an example:

When the amount deposited into a credit card exceeds all outstanding balances in the account, the excess amount is called "overpayment" and will be automatically deducted from subsequent credit card purchases.

Cardholders can also call our credit card service hotline to claim back the overpayment by transferring funds to their debit card. The account name and ID number of the debit card used must be consistent with that of the credit card. Overpayments in US dollars can only be claimed with the China Merchants Bank All-in-One Card.

How to get it back: Call the credit card service hotline, verify your identity, and press 9 to be transferred to a customer service specialist.

Overpayment recovery handling fee: 0.5 of the amount recovered, with a minimum of RMB 5 or US$1 and a maximum of RMB 50 or US$10.

Credit cards can be overdrawn, but debit cards cannot be overdrawn. This is the biggest difference.

Bank cards (UnionPay cards) are divided into credit cards and debit cards, and credit cards are further 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.

Can a credit card be used as a salary card

It is best not to use a credit card as a salary card. Some people use credit cards as salary cards for the convenience of repayment, and some companies use credit cards as salary cards for employees. The salary card is converted into a credit card, but the employee uses it as a debit card without knowing it. What are the problems if the credit card is used as a salary card?

Existing handling fees for credit cards;

No interest on credit card deposits;

The annual fee for credit cards is higher than that for debit cards;

Credit cards Improper use can result in bad records.

Can a credit card be used as a salary card?

It is not recommended to use a credit card as a salary card, because the money deposited is called overpayment, there is no interest, and you need to use the card to withdraw money. Handling fee.

Salary card is the abbreviation of "salary calculation and issuance card". Equivalent to a salary statement. Using salary cards to calculate and issue wages can simplify accounting procedures.

General bank cards are issued for individual users’ savings and should be applied for by individuals, and annual fees should be charged every year.

The salary card is the original record of salary levels and salary standards. The labor and personnel department creates a salary card for each employee when they enter the factory. The content mainly includes: employee's name, position (professional title or type of work), salary grade, salary standard, work department, date of joining work, date of transfer from work, etc. The salary card is created when the employee enters the factory and is canceled when the employee is transferred or retires. The financial department issues or stops employees' wages based on their salary cards.

It only needs to fill in one card, and each card only records the salary payment and increase and decrease changes of one employee throughout the year. When the department summarizes and reports, it is necessary to fill in another salary summary card, accounting or accounting The labor and management department prepares monthly wage settlement cards based on the summary cards of each grassroots department. When distributing wages, the wage accountants of each grassroots department sign on the monthly wage settlement card to receive the wages payable by the department.

At the end of the year, the labor and management department takes back the salary cards of each department for the purpose of record keeping. Accounting records the monthly wages according to the monthly salary settlement cards signed by the payroll accountants of each department.

Salary cards are issued for the unit to pay employee wages and benefits. First, it is convenient for financial transfer; second, it is to reduce cash flow. Generally, the unit applies for it, and the bank should not charge annual fees. However, banks also charge annual fees out of their own interests.

Nowadays, units generally require employees to provide personal accounts in relevant banks, and salary cards are no different from ordinary bank cards. Even if you leave your job, you can continue to use it, and the company is not qualified to check the records or freeze them. Its usage is the same as an ordinary debit card, except that the company entrusts the bank to pay you your salary through it.

This is the end of the introduction about credit cards used as salary cards and credit cards used as salary cards. Are big companies willing? Did you find the information you need?