Credit card in English: Credit Card.
Definition of credit card
According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a credit card that records relevant information about the cardholder's account, has bank credit limit and overdraft functions, and Various media that provide cardholders with related banking services.
Credit card types
1. Bank card: This is a credit card issued by a bank. Cardholders can shop and consume at the special merchants of the card-issuing bank, or at all branches of the card-issuing bank. Withdraw cash at any time at institutions or places with ATMs.
2. Non-bank cards: This type of card can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly.
Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., and are used for purchasing tickets, meals, accommodation, entertainment, etc.
Main Features
1. Pre-deposit of cash is not encouraged. Spend first and repay later. You enjoy an interest-free repayment period and can repay in installments (with a minimum repayment amount). Join International credit card organizations such as VISA, Master Card, and JCB are used globally.
2. It is one of the fastest growing financial services today and is an electronic currency that can replace traditional cash circulation within a certain range.
3. It has 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 their credit cards.
4. It is a high-tech product that integrates financial services and computer technology.
5. It can reduce the use of cash currency, provide settlement services, facilitate shopping and consumption, enhance a sense of security, simplify payment procedures, save social labor, promote product sales, and stimulate social demand.