Credit cards, like debit cards, are rectangular bank cards.

Credit card is a payment method that does not require cash transactions. After the bank handles the credit card, it can spend directly, which is a short-term borrowing behavior and needs to be repaid later.

If you don't have it for the time being, using a credit card can increase the flexibility of funds. There are also many marketing organizations that can enjoy various preferential discounts brought by credit cards. They often use credit cards to make their credit information better, but remember to repay them in time. A stable repayment record will make the bank list you as a quality customer.

If there is a demand for mortgage and car loan in the future, it will be easier to approve. When you use a credit card, you will flexibly record your monthly consumption records, which will make you more aware of your consumption.

What is a credit card?

Credit card refers to an electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. Credit card is a non-cash transaction payment method and a simple credit service; Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits. Credit card refers to the credit payment tools issued by commercial banks in People's Republic of China (PRC) (including foreign banks and Sino-foreign joint venture banks, hereinafter referred to as commercial banks) to individuals and units.

legal ground

Measures for the Administration of Credit Card Business Article 3 The term "credit card" as mentioned in these Measures refers to the credit payment instruments issued by commercial banks in People's Republic of China (PRC) (including foreign banks and Sino-foreign joint venture banks, hereinafter referred to as commercial banks) to individuals and units. Credit card has the functions of transfer settlement, cash deposit and withdrawal, consumer credit and so on.

What is a credit card?

Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal [1][2]. 20 17 12 1, the English translation and writing standard for public services was formally implemented, and the English name of the credit card standard was stipulated as CreditCard[3].

Credit card consumption is a non-cash transaction payment method, which does not need to pay cash when spending, and repays on the bill date. [4]

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

From the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate). [5]

On May 25th, 2002/KLOC-0, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards. The following are the differences between the two cards:

1. Credit cards (consumer credit products) are used after consumption, and debit cards are used after deposit;

2. Credit cards can be overdrawn, but debit cards cannot be overdrawn;

3. Credit cards have revolving credit lines, while debit cards have no revolving credit lines; (Revolving credit refers to the credit line approved by the bank to the cardholder. The cardholder's credit line can be reused without full repayment, and only the specified minimum repayment amount can maintain a good credit record. )

4. If the credit card holder repays in full before the final repayment date, the shopping consumption will enjoy an interest-free repayment period;

5. Credit card deposits do not bear interest, and debit card deposits are calculated at the savings rate;

6. Credit card belongs to asset business and debit card belongs to liability business;

7. The issuance of credit cards must meet the relevant conditions (such as the situation of the work unit, the evaluation of repayment ability, the review of personal credit records, etc.). ), and debit cards only need ID cards;

8. Credit cards have anti-counterfeiting logo and UnionPay logo, while debit cards only have UnionPay logo.

What is a credit card?

Credit card is a tool card for personal small short-term interest-free consumer loans, which is different from our common bank cards.

1, credit card is also called credit card, that is, every sum of money we use is actually a bank loan, and the use of this money depends entirely on our personal credit, so we don't save money. Accordingly, the premise of using bank cards is that we save money. Only when there is money on the card can you spend or do other things.

For banks, issuing credit cards is a big business, because there is financing when there is consumption, and banks with financing can make money from this link. Similarly, some consumers' unhealthy operation methods will also lead to overdue credit cards and annual fees, and banks can also make money through this link. Of course, for individuals, reasonable use of credit cards can enjoy many benefits. At the same time, it can also help us develop good consumption habits.

1) Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when spending, and it will be repaid on the day of collection. Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to the credit card that the cardholder has a certain credit limit and can repay before spending within the credit limit; Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of petty cash according to the regulations, and when the balance of the petty cash account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally only refer to credit cards.

2) According to different card issuers, credit cards can be divided into corporate cards, personal cards and corporate cards. Company cards are issued to all kinds of industrial and commercial enterprises, scientific research and education institutions, state party and government organs, military units, organizations and other legal persons. Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, science and technology workers, self-employed households and other urban and rural adults with stable income sources. Personal card is applied in the name of an individual, and all responsibilities for using the card are borne by the individual.

3) Credit cards can be divided into bank cards and non-bank cards according to different card issuers. Bank cards are credit cards issued by banks. Cardholders can shop at the special merchants of the issuing bank, or withdraw cash at any time at the branches of the issuing bank or at places with ATMs. Non-bank card. This kind of card can be divided into retail credit card and travel entertainment card. Retail credit cards are credit cards issued by commercial organizations such as department stores and oil companies.

The introduction of what is a bank credit card and what is a bank card credit card ends here. I wonder if you have found the information you need?