1. Different definitions:

(1) Credit card, also called credit card, is a credit certificate issued by Bank of Communications to consumers with qualified credit. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

(2) Debit card refers to a bank card issued by the issuing bank to the cardholder. It has no credit limit and the cardholder deposits first and uses it later.

2. Different functions:

(1) Credit cards have all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc.

(2) Debit cards cannot be overdrafted. It has the functions of transfer, cash deposit and withdrawal, collection and payment, asset management, etc.

3. Different classifications:

(1) Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to cardholders who have a certain credit limit and can A credit card that consumes first and then repays within the credit limit; a quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the quasi-credit card can be overdrafted within the specified credit limit. Credit card.

(2) Debit cards are divided into transfer cards, special cards and stored-value cards according to different functions. Debit cards cannot be overdrawn. Debit cards have the functions of transferring money, depositing and withdrawing cash, and spending money. A special card is a debit card used in a specific area and for special purposes (purposes other than goods, catering, and entertainment industries). It has the functions of transferring money, 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.

Baidu Encyclopedia-Credit Card

Baidu Encyclopedia-Debit Card