Your Bank of China debit card is a savings card, and a savings card is a debit card.
The difference between the three types of cards, first of all, debit card is a savings card. The differences between credit card and savings card are as follows:
1. The difficulty of application is different:
p>
Debit card application is simple. When applying for a credit card, your income level should be taken into consideration.
It is more difficult to apply for a credit card than a debit card. Applying for a credit card requires proof of employment and social security payment, but you can apply for a debit card as long as you have civil capacity.
2. Whether overdraft is supported:
Generally, debit cards do not support overdraft. Unlike credit cards, there is an overdraft function.
3. Impact on personal credit:
Since the debit card does not have an overdraft function, every expenditure incurred through the debit card is your own existing deposit. Credit cards are different. Each month has a billing date and a final payment date. If repayment is overdue, personal credit problems will arise.
4. Is there a handling fee:
There is a handling fee for cash withdrawal with a credit card, but there is no handling fee for a debit card;
5. Is there an annual fee? :
The annual fee for credit cards is relatively high. For debit cards, some banks have annual fees, but most banks waive them;
6. Is there any current interest?
There is no current interest on the money deposited in the credit card, but there is current interest on the money in the savings card.
Extended information:
1. The Bank of China credit card is an international Standard credit card, one card with two currencies, universally accepted. No prepayment is required, you can easily spend with the card at home and abroad within the limit and enjoy interest-free loans for up to 50 days. Bank of China's overseas branches are located in 20 countries and regions around the world. It has the following characteristics:
1. You can overdraft for consumption without deposit, and enjoy an interest-free period of 20-50 days to repay on time without charging interest.
2. Swiping your card when shopping is not only safe, hygienic and convenient, but also provides points for gifts.
3. You can enjoy discounts when using the card at the bank's designated merchants.
4. Accumulate personal credit and add integrity records to the cardholder’s credit file.
5. Traveling in China is barrier-free. You can withdraw money or make purchases by credit card at ATMs and POS machines with the UnionPay logo.
6. Various discounts and lucky draws throughout the year.
7. Free monthly mailing of statements, transparent control of every consumption expenditure.
8. The unique supplementary card function is suitable for couples to manage finances at the same time.
2. The Bank of China’s first new payment tool that adopts international standards, operates on the Internet, requires no guarantee or deposit, no credit review, can open an account with 50 yuan, and is universally accepted across the country - the Great Wall Electronic Debit Card. Recently, it was jointly launched by Bank of China and VISA International Organization.
The Great Wall electronic debit card is characterized by serving the public and being convenient and popular. The card can be used for direct shopping or at ATMs on the Bank of China network.
Reference materials:?Baidu Encyclopedia-Bank of China Credit Card Center?Baidu Encyclopedia-Bank of China Visa Debit Card