In layman’s terms, debit card = savings card, and credit card = credit card or quasi-credit card.

The differences between debit cards and credit cards are as follows:

1. Deposits with debit cards have interest, while credit cards do not.

2. Credit cards can recycle credit limits. my country's card-issuing banks generally grant cardholders an interest-free period of up to about 60 days, and the cardholder's credit limit is determined based on the credit status. Debit cards do not have a revolving credit limit.

3. Credit cards are unsecured and unsecured loans. Debit cards do not.

4. Credit cards are usually short-term, small-amount, non-specified credit, while debit cards can be used anytime.

5. In addition to credit loans, credit cards also have functions such as cash deposits and withdrawals, transfers, payment settlements, collections and payments, general deposits and withdrawals, cash limit withdrawals, and online shopping. Debit cards can only be used for deposits, withdrawals, transfers, and online shopping.

1. Debit Card (Debit Card), also known as savings card, refers to a bank card that deposits first and then consumes (or withdraws cash) without overdraft function. According to their different functions, they can be divided into debit cards (including savings cards), special cards and stored-value cards. Debit card is a credit tool with functions such as transfer settlement, cash deposit and withdrawal, shopping and consumption. Debit cards cannot be overdrawn. Debit cards have the functions of transferring money, depositing and withdrawing cash, and spending money.

2. Credit Card (English: Credit Card), also called credit card. It is a non-cash transaction payment method and a simple credit service.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards are issued by banks and give cardholders a certain credit limit. The cardholders can consume within the credit limit and then repay. credit card.

3. Quasi-credit card refers to a card issued by a bank. The cardholder deposits a certain amount of reserve fund as required. When the balance of the reserve fund account is insufficient for payment, the card can be overdrafted within the prescribed credit limit. Quasi-credit card. The so-called credit card generally refers to a credit card only.

Extended information:

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. 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. A special card is a debit card used in a specific area and for special purposes (purposes other than department stores, restaurants, and entertainment industries). It has 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.

A credit card is a credit certificate issued by a commercial bank or credit card company 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.

The credit card stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on lt; the People's Republic of China and the Criminal Law of the People's Republic of China; and the relevant provisions on credit cards") refers to a credit card issued by a commercial bank or other financial institution. An electronic payment card issued by an institution with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc.

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 prescribed credit limit. The so-called credit card generally refers to a credit card only.

Reference materials: Debit card ?Baidu Encyclopedia Credit card ?Baidu Encyclopedia