How to distinguish credit cards and debit cards?
According to the bank, determine whether it is a credit card or a debit card: the debit card has 19 digits, and the credit card has 16 digits. And judging from the display on the card, the debit card does not have the pinyin of the cardholder's name printed on it, while the credit card has the pinyin of the cardholder's name on the front.
When swiping a card for consumption, the credit card can be overdrafted. There is no need to have a deposit in the card to swipe the card for consumption. If the limit is exceeded, it cannot be used. You can call customer service to apply for a temporary limit; for debit cards, a card must be requested. You can only swipe your card if there is a deposit inside.
Debit cards are divided into debit 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.
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It 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 cardholder can overdraw within the specified credit limit.
The role of credit reporting:
1. The impact of credit reporting:
1. It will reduce the borrower’s loan amount.
2. Not giving borrowers preferential interest rates or increasing loan interest rates.
3. If there are multiple bad credit records, the borrower’s loan application will be directly rejected.
4. It has an impact on many fields such as job hunting, renting a house and even visas to go abroad.
5. Credit bureaus will be included in the central bank’s blacklist, which will bring a lot of inconvenience to life.
2. Behaviors that affect personal credit:
1. Late water bills, phone bills and other related expenses. These small things will affect your personal credit.
2. If the borrower’s debt is too high. Most people have already had car loan and house loan repayments exceeding 50% of the borrower's monthly income, and credit card repayments that exceed 50% of the borrower's monthly income will also be deducted. Be included in the bad credit reporting system.
3. The borrower applies for personal loan default. If there is any outstanding loan principal and interest or the guarantor is repaying the loan; if there is a loan extension record recently or within two years of using capital to offset the debt, it will also be included in the credit record list.
How to distinguish credit cards and debit cards?
Credit cards and debit cards look and function differently. Next, let’s take a look at how to identify credit cards and debit cards.
01
Functionally
Credit cards can be understood as a means of borrowing money from others. A certain amount of interest needs to be paid, but no items are required to be pledged; while savings A card can be understood as depositing your savings in a bank and charging a certain amount of interest.
02
Period
Credit cards are generally short-term and can be borrowed and repaid at any time. For example, if you take a loan from Huabei, you will generally borrow money this month and pay it back the next Monthly repayments can be made at any time; savings cards are generally long-term, such as more than one year.
03
Appearance
You can touch the text on credit cards and debit cards with your hands. You can see that the text on credit cards is concave and convex, while on savings cards The card text does not, it is flat.
04
In terms of overdrafts
Credit cards can be overdrafted, for example, you can overdraft about 5,000, while debit cards cannot be overdrafted, and generally can only be deposited.
How to distinguish the card types of transportation credit cards
The card types of transportation credit cards can be distinguished by the first 6 digits of the credit card:
1. Common Bank of Communications credit cards The first 6 digits are: 521899, 458123, 622252 or 628216;
2. The first 6 digits of Bank of Communications Gold Credit Card are: 520169, 458124, 622253 or 628218;
3. The first 6 digits of Bank of Communications Platinum Credit Card are: 522964, 434910 or 622656.
Extended information
Bank of Communications credit cards include the following types:
Platinum Credit Card;
Bank of Communications Platinum Credit Card is specially created for you Comprehensive business travel or family travel services, including airport VIP lounges, alcohol-assisted driving, roadside assistance, high-cost comprehensive family travel insurance and many other exclusive services, providing you with a platinum life experience.
Standard credit card;
Bank of Communications standard credit card provides comprehensive credit card financial services, password signature, free choice, interest-free repayment period up to 56 days, and "privileges" "Life", "Exclusive Advantages" and many other preferential plans allow you to enjoy the endless fun of swiping your card.
Y-POWER Credit Card;
Y-POWER has two unique card surface designs: Force Black and Vibrant White, allowing you to choose your attitude and show off your excellence.
Hong Kong New World Department Store Credit Card;
Bank of Communications Hong Kong New World Department Store Credit Card is a co-branded card jointly launched by Bank of Communications and Hong Kong New World Department Store, including gold cards and regular cards.
Bank of Communications Jinjiang Star Card;
Bank of Communications Jinjiang Star Credit Card is jointly designed by Bank of Communications and Jinjiang Inn Hotel Co., Ltd., and is suitable for business travelers and self-guided tours. A credit card tailored for families and travel enthusiasts.
TESCO Credit Card;
Bank of Communications joins hands with Tesco to present you the new Bank of Communications Tesco Credit Card.
Suning Appliance Credit Card;
Bank of Communications Pacific Suning Appliance Credit Card is a joint credit card jointly issued by Bank of Communications and Suning Appliance***.
In addition, Bank of Communications credit cards also have the following card types: Bank of Communications Chengdu Credit Card, Shanghai Travel Credit Card, MORE Card, Business Card, Bank of Communications Installment Credit Card, Bailian OK Credit Card, Liqun Credit Card, Bank of Communications Pinghetang Credit Card, Jinling Lifestyle Credit Card, Bailian Oriental Credit Card, Kai Tai Department Store Credit Card, Aviation Secretary Credit Card, Asia Miles Credit Card, Haagen-Dazs Credit Card, Yongda Auto Credit Card, Self-Mail Credit Card, BBK Credit Card, etc.
Bank of Communications Credit Card;
Bank of Communications Credit Card is a credit brand product jointly launched by Bank of Communications and HSBC. Its user positioning is "a group of people who have ideals for life and career" , have pursuits, know how to enjoy, and are more willing to struggle, and sometimes there are people who want to study, do business, research or travel abroad.
Bank of Communications Credit Card is also a group of people with high living standards and willing to try new consumption habits. "Bank of Communications Pacific Credit Card is a credit card product created by Bank of Communications by introducing HSBC's advanced technology and management. It brings together both global and local advantages, with the theme of "Chinese people's global card", and advocates a new consumer culture and The card experience provides preferential benefits and considerate services all over the world.
How to check whether your card is a credit card? There are these differences
Card holders often apply for a debit card and a credit card at the same bank, but they don’t know which one is the credit card. In fact, debit cards and credit cards are easy to distinguish. You just need to grasp a few points. Let’s take a look.
How to check whether your card is a credit card?
1. Look at the card face: Many debit cards, except for bank VIPs, ordinary customers generally do not have the pinyin of the cardholder's name, and even if they do, it is printed on it; every credit card will have it. The pinyin of the cardholder’s name in the pressed three-dimensional characters. In addition, some debit cards do not have an expiration date stamped on them, but all credit cards do.
2. Check the fees: Credit cards are free when you apply for a card, but debit cards are charged. The card application fee is about 10 yuan, depending on the bank;
3 . Look at the interest: Both credit cards and debit cards can save money, but credit cards have no interest, while savings cards pay interest every quarter and are calculated based on daily interest, so even if the money just passes through the card, there will be interest.
4. Look at the function: Use a debit card to transfer money in mobile banking. You can transfer money without review, and the debit card can transfer the entire limit of 100; if you cannot transfer money, or the transfer requires a bank After review, and the maximum transfer limit is 50, it must be a credit card.
5. Look at the bill: If you use a credit card and a debit card at the same time, the credit card will be billed every month. It uses bank money and needs to be repaid on the final repayment date; if there is no bill, It’s a debit card, so you don’t need to pay it back when you use your own money.
The above is the relevant introduction to "How to check whether your card is a credit card". I hope it will be helpful to everyone.
How to distinguish the types of credit cards?
As banks continue to work in the credit card segment, there are more and more types of credit cards, from regular cards to platinum cards, from co-branded cards to theme cards. How should we distinguish among the various types of credit cards? , in fact, there are just a few types of credit cards, divided by level, cardholder, storage medium, currency, card relationship, etc.
By level
1·General card
Entry-level credit card, the application conditions are relatively simple, the credit limit is usually less than 10,000 yuan, most general cards There will be no annual fee. Some banks' general card limit can reach 50,000 yuan.
2·Gold Card
The Gold Card has a higher credit limit than the regular card and has some basic rights; it can be understood as an advanced card. Banks have stricter review requirements for applicants. After all, gold cards enjoy more discounts. The limit is usually between 10,000 and 500 million, and the annual fee can basically be waived by swiping the card.
3·Platinum Card
Compared with the previous two cards, the Platinum Card is exclusive to high-end users. Banks have strict review of users. Generally speaking, the financial income of the users or the bank’s There are requirements for depositing assets. The characteristics of the platinum card are mainly reflected in the benefits, such as airport VIP, mileage redemption, golf, etc. The annual fee of the platinum card usually has some annual fees, and the annual fee exemption method is also relatively special, which usually requires the use of points redemption. There are also some banks that waive annual fees for platinum cards or small platinum cards with lower benefits by swiping the card.
4·Diamond Card
The Diamond Card is one level higher than the Platinum Card. It can highlight the user's identity and can be understood as a VIP level. Banks have very high requirements for users who apply for diamond cards. Generally speaking, users have an annual income of more than one million, and there are certain asset requirements, but the credit limit corresponding to a diamond card is also in the millions.
5·Black Card
The Black Card is a legendary level, the highest level "Centurion Charge Card" launched by American Express. On this planet, there are very few people who have black cards. Basically, they have "heard of it but never seen it". The black card is invitation-only and does not accept active applications. It is extremely private and has no upper limit. In mainland my country, currently only three banks, Industrial and Commercial Bank of China, China Merchants Bank and China Minsheng Banking Corporation, have been authorized by American Express to issue "Centurion" black cards for their customers. Although there are certain differences at home and abroad, the number of invitees domestically is far lower than 1 among bank customers. (The rights of the black card are too many and too legendary. I will not go into details without personal experience. emm)
The following ones are relatively simple, divided according to the cardholder , divided by storage medium, divided by currency, divided by card relationship.
According to the cardholder: personal card, corporate card
According to the storage medium: magnetic stripe card, chip card
According to the currency: single currency Card, dual-currency card
Divided according to card relationship: main card, supplementary card
Divided according to issuance, it can also be divided into co-branded card, standard card and approval card. We are the most common What arrived was the co-branded card.
Co-branded card: A co-branded card is a bank card jointly issued by a card-issuing bank and a for-profit institution. The most common is a co-branded debit card. A co-branded card not only has all the characteristics of a bank card - Cash deposits and withdrawals, card purchases, transfers, etc., some new functions are also added based on the agreement between the bank and the merchant.
Standard card: A standard card is a credit card independently issued by a bank, such as the standard credit cards of various banks, the classic platinum card of China Merchants Bank, etc.
For example: UnionPay standard card is a bank card issued in accordance with China UnionPay's business and technical standards. The card has the "UnionPay" logo on it and the issuing bank identification number (BIN) is assigned and confirmed by China UnionPay. Currently, the BIN range of UnionPay standard cards issued by each member institution of China UnionPay is: 622126-622925, all prefixed with "62", so it is also called a card prefixed with "62".
Approval card: An approval card is a card with public welfare functions. The function of an approval card is basically the same as a credit card, but the approval card is issued by the card-issuing bank and non-profit institutions, religious groups or charitable institutions. It is jointly issued and has a public welfare function. Consumers apply for this card because of their recognition of this non-profit organization, and the bank will give back a specific proportion of the cardholder's consumption to this non-profit organization. Domestic approved cards are mostly common in universities, such as Bank of China Tongji Card, Bank of China Jiaotong University Card, etc.; in 2006, Yushan Bank in Taiwan issued an approved card for the legendary MLB player Zhang Jianmin.
It can also be classified by card organization, including VISA, MasterCard, JCB, Discover, China UnionPay, Diners Club, NETS, etc.
How to distinguish debit cards and credit cards
Deposit cards and credit cards can be distinguished from the card surface: 1. Deposit cards generally have 19 digits, and standard credit cards have 16 digits; 2. There is no expiration date on the card surface of the debit card, while the expiration date of the credit card is printed on the card surface; 3. The debit card does not have the pinyin letters of the cardholder’s name, while the credit card has the pinyin letters of the cardholder’s name on the surface. In addition, the back of the credit card has the CVV code used for online payment, but the debit card does not.
This ends the introduction on how to distinguish a credit card and how to tell whether a credit card is a gold card or a platinum card. Have you found the information you need?