1. There are three differences between credit cards and UnionPay cards:

1. The essential differences between the two:

(1) The essence of credit cards: Credit cards are made by A credit certificate issued by a commercial bank or credit card company to a credit-qualified consumer.

(2) The essence of UnionPay cards: UnionPay cards refer to bank cards that comply with unified business specifications and technical standards and have the word "UnionPay" printed on them at designated locations.

2. The two have different characteristics:

(1) Characteristics of credit cards: they have 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. It is a high-tech product that integrates financial services and computer technology. Can reduce the use of cash currency. It can provide settlement services to facilitate shopping and consumption and enhance a sense of security. It can simplify payment procedures and save social labor; it can promote product sales and stimulate social demand.

(2) Features of UnionPay cards: First, there is a red, blue and green "UnionPay" logo printed on the lower right side of the front of the card. Second, there is a holographic laser pattern above the "UnionPay" logo on the credit card. Third, the signature strip on the back of the credit card has the words "UnionPay" printed in color, and the writing cannot be erased.

On October 18, 2005, UnionPay changed its logo, with the parallel arrangement of bank cards in three different colors of red, blue and green as the background, setting off the white "UnionPay" in English and "UnionPay" in Chinese modeling. Compared with the old logo, UnionPay’s new logo mainly adds the English word “UnionPay” and makes minor adjustments to local elements such as the area and inclination of the three-color blocks.

3. The meanings of the two are different:

(1) The meaning of credit card: Compared with ordinary bank savings cards, the most convenient way to use credit cards is that they can be used without money in the card. If you make ordinary purchases in cash, in many cases you only need to return the amount consumed on time.

You can use overdrafts without deposits, and you can enjoy an interest-free period of 20-56 days for on-time repayment without any interest charges (most banks will charge an interest of 50,000 cents on the day of cash withdrawal, and There is a 2% handling fee. ICBC cash withdrawals are free of handling fees and only charge interest).

(2) The significance of UnionPay cards: issuing UnionPay standard cards and creating a national bank card brand are conducive to maintaining the security of national financial information and maintaining the voice of domestic member institutions in the development of my country’s bank card industry. Master the independent power to formulate standards and regulations in the process of industrial development to protect the long-term interests of domestic member institutions and the interests of cardholders.

Issuing UnionPay standard cards and creating a national bank card brand is the premise and basis for each domestic member institution to create its own brand. It is conducive to enhancing the cohesion of the domestic bank card industry, enhancing industrial strength, and jointly responding to the WTO Competition and challenges for overseas institutions after the transition period.

2. Credit cards cannot be used for loans, but consumers with credit cards can shop or consume at specially appointed commercial service departments, and then the bank will settle settlements with merchants and cardholders. Cardholders can make payments in accordance with regulations Overdraft within the limit.

Baidu Encyclopedia-Credit Card

Baidu Encyclopedia-UnionPay Card