A credit card can be simply understood as a savings card that a financial institution provides credit to the cardholder. Since the credit limit in the card is pre-approved by the card issuer, the cardholder's advance is equivalent to a personal credit loan issued by the card issuer. That’s why it’s called a credit card. However, according to different functions and nature, credit cards are divided into credit cards and quasi-credit cards. Savings cards and debit cards are widely used for depositing, withdrawing money, transferring money and repaying loans. Credit cards and credit cards are consumption limits given by banks. Credit cards are both types of credit cards. The difference is that some credit cards can be used for shopping. Loans can be repaid,

Some can only be repaid, but the types are different. Credit cards are purely for credit consumption and repayment. Savings, credit, credit and debit cards are indeed cards issued by financial institutions, but they are less complicated. It is easy to understand that in terms of major categories, there are only two types of debit cards: debit cards and credit cards. Credit cards and debit cards are based on the different functions and permissions of the debit card, and their respective extended sub-card categories belong to Type of branch. But later, with the rapid development of credit business, banks have more and more business categories.

Customers applying for different business processes have to issue a different card independently, which is more troublesome, and It was inconvenient to manage and relatively inefficient, so later financial institutions unified these three card types into one savings card. One savings card has all the functions of a special card, a debit card and a debit card. Debit card is a type of savings card and its function is relatively simple. A debit card is a savings card issued by a bank to provide depositors with withdrawal services, etc. Debit cards are now basically chip-based.

The basic function of a debit card is to apply for deposit services. Debit cards can also be used for credit card consumption, ATM cash withdrawals, transfers and other other functions. some effects. Every savings card (debit card) holder can apply for a two-free account at the corresponding financial institution: the annual service fee for the annual card is waived, and the account management fee is waived. Credit cards generally cannot be waived directly. The corresponding annual card fee needs to be reduced according to the rules of the relevant financial institution and based on points redemption and credit card payment.