A credit card is also a type of bank card. There are three main types of bank cards: debit cards, credit cards and quasi-credit cards.

A debit card is a bank card issued to the public by the card-issuing bank for depositing money first and then spending (or withdrawing cash) without overdraft function. According to different functions, it can be divided into transfer cards (including savings cards), special cards and stored-value cards. It is a credit tool with functions such as transfer settlement, cash deposit and withdrawal, shopping and consumption, etc. It also has the additional functions of transferring money and buying funds. , stock trading and many other financial management functions, and also provides a large number of value-added services.

Credit cards are issued by commercial banks to individuals and organizations. They can be used to shop and consume with special organizations and deposit and withdraw cash from banks. They are special carrier cards with consumer credit. They are in the form of a card with the card issuing number printed on the front. Cards with bank name, validity period, number, cardholder name, etc., and a magnetic stripe and signature strip on the back. What we call credit cards now generally refers to credit cards only.

Features:

1. You can overdraft for consumption without deposit, and you can enjoy an interest-free period of 20-50 days and pay back on time without any interest.

2. Swiping your card when shopping is not only safe, hygienic and convenient, but also provides points for gifts.

3. You can enjoy discounts when using the card at the bank's designated merchants.

4. Accumulate personal credit and add integrity records to your credit file, which will benefit you throughout your life.

5. It is accessible nationwide and you can withdraw money or make purchases by credit card at ATMs and POS machines with the UnionPay logo.

6. Various discounts and lucky draws throughout the year, so you can always be surprised just by using the card.

7. Free monthly mailing statements, allowing you to transparently control every consumption expenditure.

8. The unique supplementary card function is suitable for couples to manage finances together or control their children’s financial expenditures.

9. The free choice of one card and dual currencies is available all over the world. Overseas consumption can be repaid in domestic RMB.

10. The toll-free 800 hotline provides 24-hour service. Loss reports are effective immediately, and there is zero risk of card loss.

Quasi-credit cards can deposit and withdraw cash without handling fees, while credit cards encourage consumption. Depositing cash is a super deposit. If you need to withdraw it, you will have to pay handling fees or loan interest. You can also use overdraft with a standard debit card, but you will be charged an overdraft interest of 0.05%/day.

Credit card

The card can be swiped and overdrafted

It is free to apply for the card and no deposit is required

It has an interest-free repayment period. After consumption, you can pay interest-free if you repay in time within a certain period of time

With revolving credit, you can use the minimum repayment method to repay. Without revolving credit, you cannot use the minimum repayment method to repay.

Quasi Credit Card

The card can be swiped and overdrafted

A certain amount of deposit may be required to apply for the card

There is no interest-free period, and interest will be calculated from the day of overdraft There is no interest-free period, and interest will begin to accrue on the day of the overdraft

Without revolving credit, the minimum repayment method cannot be used