1. Overdraft. When making consumption, the debit card does not have an overdraft function. If users want to spend, they can only deposit money first. Credit cards have an overdraft function, allowing users to consume first and pay later, and have a longer interest-free period.

2. Interest. Generally speaking, the money in a debit card is calculated according to the current interest rate, while in a credit card, no interest will be generated, whether it is the inherent limit or the "overpayment" deposited by the user.

3. Withdrawal. Although both have cash withdrawal functions, there are also big differences. Debit cards can withdraw all account balances. A credit card can usually only withdraw 50% of the total credit limit. There is no handling fee for withdrawing cash with a debit card in our bank, while a credit card requires a handling fee of 1-2% of the cash withdrawal amount, and interest is also required.

4. Annual fee. Most debit cards have no annual fees, while the annual fees for credit cards range from dozens to several thousand yuan, or even tens of thousands of yuan. If a credit card user defaults on the annual fee, the bank will report it to the central bank's credit reporting system, which will stain his personal credit and affect future loan approvals.

Main features of credit cards

①Credit cards are one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation to a certain extent;

②Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

③Credit cards are high-tech products that integrate financial services and computer technology.

④Credit cards can reduce the use of cash;

⑤Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

⑥Credit cards can simplify collection Reduce payment procedures and save social labor;

⑦Credit cards can promote product sales and stimulate social demand.

Application method

In most cases, citizens with full capacity for civil conduct (citizens over 18 years old in mainland China) and with certain direct financial resources can apply for a credit card. Apply for a credit card from the card issuing bank. Sometimes, legal persons can also serve as applicants

Those who apply for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed.

Individuals applying for credit cards must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.