What is the difference between China Merchants Bank credit card and bank card?

Bank cards (UnionPay cards) are divided into credit cards and debit cards, and credit cards are divided into credit cards and quasi-credit cards. Debit cards are ordinary savings cards, which are current deposit accounts and can be used for consumption, ATM deposits and withdrawals, etc.; credit cards can be used for consumption, ATM deposits and withdrawals, etc. The biggest advantage is that they can be overdrafted (with a certain credit limit).

A credit card refers to a credit card in which the card-issuing bank grants the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and repay later. A quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund as required by the bank. When the reserve fund is insufficient to pay, the cardholder can overdraw within the credit limit specified by the card-issuing bank.

Debit cards are divided into transfer cards, special cards and stored-value cards according to different functions. Debit cards cannot be overdrawn. Debit cards have the functions of transferring money, depositing and withdrawing cash, and spending money. A special card is a debit card used in a specific area and for special purposes (referring to purposes other than department stores, restaurants, and entertainment industries). It has the functions of transferring funds, depositing and withdrawing cash. A stored-value card is a prepaid wallet-style debit card in which the bank transfers funds to the card for storage at the request of the cardholder and directly deducts funds from the card during transactions.

The following are the differences between the two cards:

1. Credit cards (consumer credit products) consume first and then repay, while debit cards deposit first and then use;

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

3. Credit cards have a revolving credit limit, but debit cards do not have a revolving credit limit; (Revolving credit is what the bank gives the cardholder The credit limit that can be used is determined, and the cardholder does not need to repay the balance in full if it is used within the limit. Only the minimum repayment amount specified can maintain a good credit record and the cardholder's credit limit can be reused again. . )

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

5. Credit card deposits do not accrue interest. Debit card deposits are calculated based on the savings interest rate;

6. Credit cards are asset businesses, and debit cards are liability businesses;

7. Credit card issuance must meet relevant conditions (such as the work unit’s situation, repayment ability assessment, personal credit record review, etc.), debit cards only need to have an ID card;

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

What is the essential difference between China Merchants Bank All-in-One Card and credit card?~

China Merchants Bank All-in-One Card is a savings card, while China Merchants Bank All-in-one Card is an overdraft card.

The main differences between China Merchants Bank debit cards and credit cards are:

1. Credit cards and debit cards have different uses and functions! Uses and functions: Debit cards are used to save money and are a type of cash transaction. Their main function is to save money.

"All-in-one Card" is a debit card issued by China Merchants Bank (that is, a savings card that requires a deposit before use and does not have overdraft and cash advance functions). It is a basic personal financial management card for opening an account in your real name. account. It integrates current deposits, multiple savings types, multiple currencies, and multiple functions into one card, and has more than a dozen functions such as ATM deposits and withdrawals, merchant consumption, self-service payment, self-service transfer, bank-securities transfer, and online payment. It is a card that A card with comprehensive financial management functions.

2. Overdraft is different: China Merchants Bank’s all-in-one card is a kind of savings card and cannot be overdrafted. China Merchants Bank Credit Card is a credit card that allows consumption overdraft.

3. Annual fees are different: Credit cards are generally free of annual fees in the first year, and will only be charged an annual fee in the following year. The minimum annual fee is more than 100 RMB, and the annual fee for a debit card is a few tens of RMB at most.

Extended information:

China Merchants Bank credit card annual fee:

1. Ordinary cards: RMB 100 per ordinary card for the main card, and RMB 100 per ordinary card for the supplementary card. RMB 50 per card;

China Merchants Bank Credit Card Gold Card: RMB 300 per card for gold card main card, RMB 150 per card for gold supplementary card;

2. Platinum Card: The main platinum card is RMB 3,600 per card, and the platinum supplementary card is RMB 2,000;

3. Unlimited card: the wireless card main card is RMB 10,000 per card, and the unlimited supplementary card is RMB 5,000 per card. Yuan;

4. Elite business card: RMB 300 per card. Business card RMB 100 per card. Purchase card RMB 50 per card.

The annual fee for the first year will be advanced or waived by China Merchants Bank Credit Card or its partners. Within a full year of card validity (from the date of card issuance, not a natural year), the annual fee will be paid for 6 times with a single card. The amount shall be in the form No limit, online payments are also included in the number of purchases. Different types of credit cards need to be swiped 6 times each to reduce the annual fee of the card for the next year.

Different credit card levels and types have different annual fee charging standards. It depends on what type of card you have from China Merchants Bank and what purpose it is for.