Bank cards are divided into credit cards and debit cards, and credit cards are further divided into credit cards and quasi-credit cards. Debit cards are ordinary savings cards, which are current deposit accounts and can be used for consumption, ATM deposits and withdrawals, etc.;

Credit cards can be used for consumption, ATM deposits and withdrawals, etc. The biggest advantage is that they can be overdrafted ( There is a certain credit limit).

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A credit card refers to a credit card in which the issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and repay later.

A quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund as required by the bank. When the reserve fund is insufficient to pay, the cardholder can overdraw within the credit limit specified by the card-issuing bank.

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Debit cards are divided into debit cards, special cards, and stored-value cards according to different functions. Debit cards cannot be overdrawn.

The debit card has the functions of transferring money, depositing and withdrawing cash, and spending money.

Specialized cards are debit cards used in specific areas and for special purposes (referring to purposes other than department stores, restaurants, and entertainment industries). They have the functions of transferring funds, depositing and withdrawing cash. A stored-value card is a prepaid wallet-style debit card in which the bank transfers funds to the card for storage at the request of the cardholder and directly deducts funds from the card during transactions.

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The following are the differences between the two cards:

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1. Credit cards are (consumer credit products) first To repay after consumption, the debit card must be deposited first and then used;

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

3. Credit cards have a revolving credit limit, and debit cards have a revolving credit limit. There is no revolving credit limit for credit cards; (Revolving credit is the limit that the bank has approved for the cardholder. The cardholder does not need to repay the balance in full if he uses it within the limit. He only needs to pay the minimum repayment amount stipulated, and he can maintain the credit limit. If the credit record is good, the cardholder's credit limit can be reused again)

4. If the credit card holder repays the payment in full before the final payment date, he or she will enjoy an interest-free repayment period for shopping purchases. ;

5. Credit card deposits do not accrue interest, and debit card deposits are accrued at savings interest rates;

6. Credit cards are asset businesses, and debit cards are liability businesses;

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

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