The difference between a credit card and a bank card

The functions are different. The main function of a bank card is to deposit money and withdraw money, and the main function of a credit card is to spend money. The validity period is different. The validity period of credit cards is mostly five years, and the validity period of bank cards is divided into five years, ten years or even indefinite use. There is interest on saving money in a bank card, but there is no interest on saving money in a credit card.

In most cases, citizens who have full capacity for civil conduct (citizens aged 18 or above in Chinese mainland) and have a certain direct source of income can apply for a credit card from the issuing bank. Sometimes, legal persons can also act as applicants. The object of applying for a credit card can be divided into units and individuals. The applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal personality within the territory of China. When applying for a credit card, each unit can get a main card and multiple supplementary cards as needed. Individuals applying for credit cards must have a fixed occupation and a stable source of income, and provide guarantees to banks. The forms of guarantee include personal guarantee, unit guarantee and personal fund guarantee. Merchants and banks confirm that the credit card is valid, and contact the bank according to the contract signed with the issuing bank to request authorization. Authorization is the amount that can be used to further prove the identity of the cardholder. Authorization is generally carried out when the use amount stipulated in the contract is exceeded.

after receiving the authorization notice, the card-issuing bank will issue an authorization instruction according to the balance of the cardholder's deposit account and the agreement that the bank allows overdraft, and reply whether to agree to the transaction. Swiping a card on a POS machine is the most common way to use a credit card, and it is a way to swipe a card online. When swiping a card, the operator should first check the validity period of the credit card and the cardholder's last name. Then, according to the issuing bank and the currency to be paid, the corresponding POS machine is selected, and the magnetic stripe of the magnetic stripe credit card is crossed on the POS machine, or the chip credit card is inserted into the card slot, connected with the bank, and the corresponding amount is input. After receiving the information of remote payment, POS will print a receipt (at least two copies) for credit card payment, and the cardholder shall sign the receipt after checking that the information on the payment receipt is correct. After checking the signature on the receipt and the signature on the back of the credit card (including the name completely matching and the handwriting basically matching), the operator will send a copy of the credit card and the credit card payment receipt to the cardholder. At this point, the credit card swiping program on the POS machine is completed. It is a new type of credit card use mode and a networking mode to sense by tapping the card on the RFID machine.

Are credit cards the same as bank cards?

Bank cards include credit cards and debit cards, and credit cards are just one kind of bank cards.

1. Credit card

A credit card, also known as a debit card, is a non-cash payment method and a simple credit service. A credit card is issued by a bank or a credit card company to the cardholder according to the user's credit and financial resources, so as to purchase, consume and deposit and withdraw cash from a special unit. Its form is that the name of the issuing bank, validity period, number and cardholder's name are printed on the front, and there is a magnetic stripe and signature strip on the back. Cardholders don't need to pay cash when they use credit cards, and they will make repayment when the bill is billed.

2. Savings card

A savings card is a financial transaction card issued by a bank as a depositor to provide financial services, which belongs to a debit card. Its main function is to deposit and withdraw money at networked ATMs and counters and spend money at networked POS. A savings card is used to save money and withdraw money. There is interest income from deposits in the card, but there is no income from overpayment in the credit card.

Bank card refers to a credit payment tool issued by commercial banks (including postal financial institutions) with all or part of the functions of consumer credit, transfer settlement, cash deposit and withdrawal. Bank card reduces the circulation of cash and checks, which makes the banking business break through the limitation of time and space and undergo fundamental changes. The application of bank card automatic settlement system makes the dream of "no cheque, no cash society" come true.

differences between credit cards and bank cards

differences between credit cards and bank cards:

1. Different natures

Credit cards, also called debit cards, are credit certificates issued by commercial banks or credit card companies to qualified consumers. Bank card refers to a credit payment tool issued by a commercial bank to the society with all or part of the functions of consumer credit, transfer settlement, cash deposit and withdrawal, etc.

2. The development process is different

The earliest credit card appeared at the end of 19th century. In the 198s, the British clothing industry developed the so-called credit card, and the tourism and business sectors also followed this trend. Since the 197s, due to the rapid development of science and technology, especially the use of electronic computers, the use of BankCard has been expanding.

3. Different classifications

Credit cards are divided into credit cards and quasi-credit cards, and bank cards are divided into credit cards and debit cards.

4. Different functions.

The main functions of bank cards are saving money, withdrawing money or managing money, etc. The main function of credit card is consumption, and the cardholder can spend first and then repay;

5. The validity period of credit cards is mostly five years, and the validity period of bank cards is divided into five years, ten years or even indefinite use; 6. Interest difference.

there is interest in saving money in a bank card, but there is no interest in saving money in a credit card;

7. The annual fee is different.

the annual fee for bank cards is mostly more than ten yuan, but the annual fee for credit cards is as high as several hundred yuan or even thousands of yuan.

So, there are many differences between credit cards and bank cards, but there are many similarities between them, and credit cards are also a kind of bank cards. Bank cards mainly include debit cards, credit cards and quasi-credit cards. A credit card is also called a debit card because it pays money first and then pays it back. Ordinary bank cards deposit first and then spend, so they are called debit cards. Learn some knowledge and you will understand what it means.

after reading the above introduction, I believe you will have a better understanding of the difference between credit cards and bank cards. There is no overdue in the process of using bank cards, but it is different to use credit cards. If it is overdue, it will affect the personal reputation.

what's the difference between a credit card and a bank card

the difference between a credit card and a bank card: a credit card belongs to a bank card, and a bank card mainly includes two types: a credit card and a debit card. When using a credit card, it belongs to the heart of spending first and then repaying, and it can be overdrawn within the credit limit. Debit cards can only be used after users deposit funds, and overdraft is not supported.

a credit card, also known as a debit card, is a credit certificate issued by a commercial bank or credit card company to a consumer with qualified credit. It is in the form of a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

There are many differences between credit cards and bank cards, but they also have many similarities, and credit cards are also a kind of bank cards. Bank cards mainly include debit cards, credit cards and quasi-credit cards. A credit card is also called a debit card because it pays money first and then pays it back. Ordinary bank cards deposit first and then spend, so they are called debit cards.

What's the difference between a bank card and a credit card

1. The difference between a bank card and a credit card is mainly reflected in the following aspects: different functions, different validity periods, different annual fees, etc.

2. Cards are very common in life. The most commonly used cards are bank cards and credit cards. Both of them are issued by banks and are linked to money. Some people are confused when they first contact them. The differences between credit cards and bank cards are as follows:

1) The functions of bank cards are different. The main functions of bank cards are to save money, withdraw money or manage money, etc. The main function of credit card is consumption, and the cardholder can spend first and then repay;

2) The validity period is different. The validity period of credit cards is mostly five years, and the validity period of bank cards is divided into five years, ten years or even indefinite use;

3) There is interest in saving money in a bank card, but there is no interest in saving money in a credit card; 4) The annual fee is different. The annual fee for bank cards is mostly more than ten yuan, but the annual fee for credit cards is as high as several hundred yuan or even thousands of yuan.

3. There are many differences between credit card and bank card, but there are many similarities between them, and credit card is also a kind of bank card. Bank cards mainly include debit cards, credit cards and quasi-credit cards. A credit card is also called a debit card because it pays money first and then pays it back. Ordinary bank cards deposit first and then spend, so they are called debit cards. Learn some knowledge and you will understand what it means. After reading the above introduction, I believe you will have a better understanding of the difference between credit cards and bank cards. There is no overdue in the process of using bank cards, but it is different to use credit cards. If it is overdue, it will affect the personal reputation.

4. Generally speaking, bank cards include credit cards, but the difference between credit cards and debit cards is still very big, which is equivalent to two different consumption concepts. One is to spend first and then pay back the money, and the other is to save the card and then spend. In reality, it has become a trend that more and more people use credit cards, but the savings function of debit cards is still essential in our lives.

Credit cards and debit cards belong to the category of bank cards. Most of the debit cards issued by commercial banks are used to deposit and withdraw money. Credit card is actually a kind of bank card. Bank cards can be divided into debit cards (also called savings cards) and credit cards, and credit cards can be divided into debit cards and quasi-credit cards.

What is the difference between a credit card and a bank card?

The differences between the two cards are as follows:

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

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

3. Credit cards have revolving credit lines, while debit cards have no revolving credit lines; (Revolving credit refers to the credit line approved by the bank to the cardholder. The credit line of the cardholder can be used again without full repayment, and only the specified minimum repayment amount can keep a good credit record. )

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

5. Credit card deposits do not bear interest, and debit card deposits are calculated at the savings rate;

6. Credit card belongs to asset business and debit card belongs to liability business;

7. Credit card issuance must meet the relevant conditions (such as the situation of the work unit, the assessment of repayment ability, the review of personal credit records, etc.), and debit cards only need ID cards;

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

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 card is an ordinary savings card, which belongs to current deposit account and can be used for consumption, atm deposit and withdrawal, etc. Credit card can be used for consumption, atm deposit and withdrawal, etc. The biggest advantage is that it can be overdrawn (with a certain credit limit).

a credit card refers to a credit card in which the issuing bank gives the cardholder a certain credit limit, within which the cardholder can spend first and then repay. Quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund according to the requirements of the bank, and when the reserve fund is insufficient to pay, it can be overdrawn within the credit limit stipulated by the issuing bank.

debit cards are divided into transfer cards, special cards and stored-value cards according to different functions. Debit cards cannot be overdrawn. The transfer card has the functions of transfer, cash deposit and withdrawal and consumption. A special card is a debit card used in a specific area and for special purposes (referring to uses other than department stores, restaurants and entertainment industries). It has the functions of transferring money and depositing and withdrawing cash. Stored value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage according to the cardholder's requirements, and directly deducts money from the card during the transaction.

Let's stop here for the introduction of the difference between credit card and bank card.