You can save money. Credit cards have the basic functions of ordinary bank cards, so credit cards can be inserted into ATM machines to deposit money like ordinary debit cards and savings cards, and they can also transfer money to bank cards.

However, it should be noted that the credit card itself has a line given by the bank, and the money we deposit exceeds the credit line. After credit card consumption or withdrawal, the used amount will be recharged first, and then it will exist in the form of overpayment.

The difference between credit card and bank card

1, the credit card deposit bank does not give interest. Therefore, saving money by credit card may have no interest for two or three years. If you put it in a bank card, it will be different. You will pay interest at the benchmark interest rate every month. In addition, the cash withdrawal from bank cards is free, and the cash withdrawal fee for credit cards is 1%~2% of the cash withdrawal amount.

2, the money in the credit card may become bad debts, affecting credit. Don't let the money go after you deposit it in your credit card. If the credit card has not been traded for more than 180 days, even if it is not overdue, it will affect the credit. It may be treated as bad debts by banks and directly reported to the central bank for credit reporting, leaving a record of bad debts, which is much more serious than overdue.

Function of credit card

1, credit card consumption

The most direct function of a credit card is to spend money by swiping it. Users can use a credit card to spend money in shops, hotels, airports, convenience stores and other places, and the more they spend, the more banks like such users. It is best to limit the monthly consumption of a credit card to 70% of the credit limit.

2. Cash withdrawal

Credit cards also have the function of withdrawing cash, but using these functions requires a certain fee and interest. The handling fee is generally about 1% of the withdrawal amount, which varies from bank to bank. Interest income is generally charged on a daily basis, with a daily interest rate of five ten thousandths. Generally speaking, the interest paid by credit card withdrawal is relatively high.

3. Payment by installment

Credit card has the function of installment repayment. If the user has difficulty in repayment after using the credit card, he can use the installment repayment function, but he needs to pay a certain fee, which is calculated according to the number of installments. Users can repay in advance after installment, which can save a lot of money and restore the amount in real time.

Step 4 remit money

Credit cards have the function of remittance. For example, when spending abroad, cardholders can make repayment or recharge at home, so that users can rest assured that they don't have to worry about insufficient funds or missing the repayment date. This function is beneficial for users to use when traveling.

Can I deposit money with a credit card?

Credit cards can be used to save money. The money deposited in the credit card is called overpayment, which will not generate interest, and there will be a handling fee when it is taken out. I suggest that you try not to use credit cards to save money.

However, at present, some banks have cancelled the overpayment of recovery fees, such as China Bank, China Construction Bank, China Industrial and Commercial Bank, China Agricultural Bank, Bank of Communications, Minsheng Bank and China Everbright Bank. However, credit cards are still suitable for saving money because they do not generate interest.

Extended data:

Credit card, also called debit card, is a credit certificate issued by commercial banks or credit card companies to qualified consumers. It is a card with 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 specialized 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 limits.

Second, according to the relevant laws of our country (Interpretation of the Provisions of the NPC Standing Committee on Credit Cards), credit cards refer to electronic payment cards issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loans, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1, the English translation and writing standards for public services were formally implemented, and the English names of credit cards were specified.

Credit card consumption is a non-cash transaction payment method, which does not need to pay cash when spending, and repays on the bill date.

3. Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay; Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

From the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate).

On May 25th, 2002/KLOC-0, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards.

Can I deposit money in my credit card?

Yes, saving money in a credit card is the repayment of the credit card. But unlike debit cards, no matter how much money you deposit in a credit card and how long it lasts, there is no interest. Not only that, if you want to withdraw the money from the deposit, most banks will charge an overpayment to get back the handling fee. The so-called overpayment refers to the overpayment of funds by credit card users or the funds deposited in credit card accounts, and a certain fee must be paid when they take them out. Simply put, there are some deposits in the credit card that exceed the bills that should be repaid, and there is a charge for taking them out.

Although credit cards can save money, it's best not to deposit money in credit cards. You have to save money.

Therefore, it is strongly recommended not to do so. Because you have to pay a handling fee to take out the money you have saved and turn it upside down, banks don't distinguish between their own money and overdraft bank money. In the end, you have no choice but to pay by credit card. Of course, if you just want to make more money, of course you can.

Can I deposit money in my credit card?

Credit cards can save money.

But credit card is different from savings card, and its main purpose is consumption, not deposit and withdrawal.

So credit cards can save money, but there is no interest.

Generally speaking, even if it is a time deposit, the money in the savings card will have interest on the current deposit, while the money in the credit card will have no interest no matter how long it is deposited!

1. It's ok to deposit money, but after deposit, you can only use a credit card, and the deposit has no interest. Cash withdrawal is regarded as cash advance by credit card, and a handling fee is charged, but no interest is charged (provided that the cash withdrawal amount is within the credit card deposit limit). Moreover, according to the regulations of the People's Bank of China, a credit card (debit card) can only withdraw 2,000 yuan or equivalent RMB every day. For example, China Merchants Bank credit card.

2. Interest-free deposit is equivalent to interest-free debit card. For example, ICBC credit card.

Suggestion: It is not recommended to use credit card or debit card as savings card (or debit card). There is no interest, which may cause other expenses, and there are many restrictions on withdrawal. At present, many banks do not charge for opening savings cards, and deposits above a certain amount are exempt from annual fees. It is suggested that it is more convenient and cost-effective to deposit money with a savings card. Because since it is a credit card, of course, it is mainly based on loans.

Extended data

Compared with ordinary bank savings cards, the most convenient way to use credit cards is for ordinary consumption, and there is no cash in the cards. In many cases, it is enough to return the consumption amount on time.

You can spend without deposit overdraft, and enjoy an interest-free period of 20-56 days to repay on time without any charge (most banks will charge 0.5% interest on the day of cash withdrawal, and there will be a 2% handling fee, but ICBC will only charge interest).

It is not only safe and convenient to swipe your card when shopping, but also a bonus gift.

Special merchants who hold cards in banks can enjoy preferential treatment.

Accumulate personal credit, add credit records to credit files, and benefit for life.

Access to the whole country is barrier-free, and you can withdraw money or spend money by credit card on ATM and POS machines with UnionPay logo; (Note: Credit cards are only suitable for credit card spending. It is best not to withdraw cash, which is expensive and uneconomical. )

Credit card spending, some credit cards get existing points, and various discounts and lottery activities throughout the year, so that you can always have surprises as long as you use the card; (Most credit cards have no points for online payment, but online payment is very convenient and fast. )

Mail the statement free of charge every month, so that you can grasp every consumption expenditure transparently; (Now advocating environmental protection, you can cancel the paper statement and change it into an electronic statement. )

Unique supplementary card function, suitable for husband and wife to jointly manage money or master children's financial expenses.

The free choice of one card and two currencies is popular all over the world, and consumption abroad can repay in RMB.

400 telephone or 5-digit short number prefixed with "9" provides 24-hour service, and the report of loss takes effect immediately, with zero risk of card loss.

Validity period: It is known that the validity period of domestic credit cards is generally three to five years.

Use the third-party platform (the domestic platform supporting credit card bill management is mainly Jujindou) to conduct business cooperation and provide preferential services for cardholders.

After receiving the application form and related materials submitted by the applicant, the issuing bank shall review the applicant's credit standing. The contents of the review mainly include the application.

No matter whether the content of the application form is true or not, the applicant should also evaluate his credit degree, and the individual should also review the relevant information of the guarantor.

Usually, the bank will review the information and economic situation of the applicant according to the application materials to judge whether to issue a credit card to the applicant. The factors considered include the applicant's past credit record, the applicant's known assets, professional characteristics, etc.

References:

Baidu encyclopedia-credit card

This is enough for the introduction of whether credit cards can store value.