China Merchants Bank cards are divided into credit cards and debit cards. The biggest difference between the two is the overdraft function of the credit card. Spend first and repay later. Within the credit limit of the credit card, swiping the card or withdrawing money are all normal consumption of the credit card. There is no handling fee for credit card purchases and you can enjoy the interest-free period. However, cash withdrawals with credit cards are subject to handling fees and do not enjoy the interest-free period. From the date of cash withdrawal, interest will be charged at a rate of 0.5% per day. Some card purchases can also earn points. When the points accumulate to a certain amount, the points can be redeemed for gifts, annual fee exemptions and other preferential activities. Credit cards do not have a savings function, and there is no interest on cash deposited in the credit card. Some banks stipulate that you must pay a handling fee when you withdraw this part of cash. There are many types of credit cards based on different consumption needs. Different card types enjoy different benefits. For example, with the car owner card, you can enjoy free car washing, towing, and other car-related services.
Debit cards do not have the functions mentioned above. Debit card is what we usually call savings card. The characteristic of debit card is that you deposit first and then spend. Only when the cardholder deposits a certain amount of cash into the debit card can the card be used for consumption. Deposits with debit cards enjoy interest, and cash withdrawals with debit cards in the same city do not require handling fees. Debit cards can also be swiped for consumption. If there is a deposit in the account, the debit card can be swiped successfully. When there is no money in the debit card, the card cannot be swiped.
The biggest function of a credit card is consumption, while the function of a debit card is to withdraw cash. The main functions of the two are different. Nowadays, society is getting more and more advanced. Consumption is something we do every day in our lives. Credit cards Let our consumption become fashionable and fast.
Extended reading
China Merchants Bank Credit Card: On December 3, 2002, China Merchants Bank officially issued the first international standard dual-currency credit card in China, ushering in a new era of credit card consumption for Chinese people. After more than ten years of struggle and growth, China Merchants Bank Credit Card has formed three major visions: "to be China's best payment experience provider, to be China's best consumer finance expert, and to be China's leading diversified marketing platform". At the same time, it has also Won many honors.
China Merchants Bank Deposit Card: "All-in-one card" is a basic personal financial account provided by China Merchants Bank to the public and opened under a real name. YiCard has been rated as the favorite bank card brand among consumers many times. It is a well-known and unique bank card brand among domestic bank cards. Since the issuance of the “All-in-One Card” in July 1995, China Merchants Bank has relied on its high-tech advantages to continuously improve its functions and comprehensive service system, creating a new concept of personal financial management.