Savings card.

Debit card is equivalent to savings card, which refers to the bank card issued by the issuing bank to the cardholder. The cardholder can use it after depositing it, and there is no credit limit. Debit cards cannot be overdrawn. According to different functions, it can be divided into three types: transfer card, special card and stored value card. Generally speaking, debit cards have the functions of transferring money, accessing cash and spending.

Savings card is a kind of financial transaction card issued by the bank to provide financial services for depositors, which belongs to a kind of debit card. There are two kinds: magnetic stripe and chip. Its main function is to deposit and withdraw money at networked ATMs and bank counters and spend it at networked POS machines. The main function of a savings card is to save deposits. Cardholders can read and manually enter passwords through the electronic payment network established by the bank and the magnetic stripe of the card, so as to realize the functions of credit card consumption, ATM withdrawal, transfer and various payments. The expenses incurred through the card are equal to the decrease in the balance of the savings account. If the account balance is zero, the payment function of the card will also be reduced to zero. The application for a savings card is very simple, and you can get it right away without bank approval.

Savings card fees mainly include annual fee, small account management fee, loss reporting fee, new card cost, cash withdrawal fee (including local interbank, remote bank, remote bank, overseas ATM, Hong Kong and Macao), transfer fee (including remote bank, remote bank, local interbank and overseas wire transfer) and online banking transfer fee (including remote bank, remote bank, local interbank and overseas remittance).

Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible 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. Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment is made on the billing day. 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.

Is the debit card a credit card or a savings card?

Debit cards are basically equivalent to savings cards. Bank cards are mainly divided into credit cards and debit cards. Debit card refers to the bank card issued by the issuing bank to the cardholder without credit limit, and the cardholder deposits first and then uses it. Debit cards are divided into transfer cards, special cards and stored value cards according to different functions. Debit cards cannot be overdrawn. Credit cards are mainly divided into credit cards and quasi-credit cards. Credit card is a real credit card, which has the functions of credit consumption, transfer settlement and cash deposit and withdrawal. Collection and payment. Debit cards can be used to pay salaries and pay various fees (such as communication fees, water fees, electricity fees, gas fees, etc.). ).

I. Debit card

1. DebitCard refers to the bank card issued by the issuing bank to the cardholder without credit limit, and the cardholder deposits first and then uses it.

2. Debit cards are divided into transfer cards, special cards and stored value cards according to different functions. Debit cards cannot be overdrawn. The transfer card has the functions of transfer, cash deposit and withdrawal and consumption. A Special card is a debit card that is used in a specific area and has a specific purpose (except for department stores, restaurants and entertainment industries), and has the functions of transferring money and depositing and withdrawing cash. Stored value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage according to the cardholder's requirements, and directly deducts money from the card during the transaction.

Is the debit card a credit card or a savings card?

A debit card is a savings card.

The main function of savings card is saving, that is, cash income, which is "borrowing" in accounting, so it is a debit card.

Debit card refers to a bank card without overdraft function that can be consumed (or withdrawn) after deposit. According to their different functions, it can be divided into debit cards (including savings cards), special cards and stored-value cards.

Extended data

Debit card refers to the bank card issued by the issuing bank to the cardholder without credit limit, and the cardholder deposits first and then uses it. Debit cards are divided into transfer cards, special cards and stored value cards according to different functions. Debit cards cannot be overdrawn.

The transfer card has the functions of transfer, cash deposit and withdrawal and consumption. A Special card is a debit card that is used in a specific area and has a specific purpose (except for department stores, restaurants and entertainment industries), and has the functions of transferring money and depositing and withdrawing cash. Stored value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage according to the cardholder's requirements, and directly deducts money from the card during the transaction.

Function:

1 deposit and withdrawal. Debit cards mainly have the functions of local and foreign currency savings, time savings and current savings. Debit cards can be used to deposit and withdraw money at card-issuing bank outlets and self-service banks, or at ATMs in China and even around the world.

2 Transfer and remittance. Cardholders can transfer or remit money to other accounts through bank outlets, online banking, self-service banking and other channels.

3 credit card consumption. Cardholders can use debit cards to spend money at merchants.

4 collection and payment. Debit cards can be used to pay salaries and pay various fees (such as communication fees, water fees, electricity fees, gas fees, etc.). ).

5 asset management. Wealth management products, open-end funds, insurance, personal foreign exchange transactions, precious metal transactions, etc. You can sign contracts, trade and settle accounts through debit cards.

6 Other services. Many bank debit card services have expanded beyond financial services, such as providing airport VIP access and medical and health services for cardholders.

reference data

Baidu encyclopedia-debit card

Is the debit card a savings card or a credit card?

A debit card is a savings card.

The main function of savings card is saving, that is, cash income, which is "borrowing" in accounting, so it is a debit card. A credit card is a credit card. The main function of credit card is overdraft consumption, that is, cash expenditure, which is a "loan" in accounting, so it is a credit card. Simply put, debit card "borrowing" means that you lend money to the bank (you have saved a sum of money before), that is, the bank borrowed your money; Credit card means that money belongs to the bank. When you spend it, the bank will give you a loan to spend first, and then pay it back to the bank (of course, there is an interest-free period, and the bank will make a profit through other items such as installment fees).

What is a debit card?

Debit cards, also known as debit cards, can be swiped in stores. When you swipe your card, you can directly deduct money from your deposit account and deduct as much as you spend. There will be no overspending, overdraft, interest, etc.

Debit cards are also withdrawn by ATM transfer. Debit card has no credit limit and cannot be overdrawn. They are all their own money, and the amount in the account pays interest according to the current deposit.

Debit card is a kind of credit tool with the functions of transfer and settlement, cash deposit and withdrawal, shopping and consumption, and also has many functions such as transfer, trading funds, stock trading and so on. There is no credit consumption.

Debit cards literally seem to be able to borrow money, but they are not. A debit card means how much money a debit card can use, and you can't use it without money.

A savings card is a debit card, but a debit card is not necessarily a savings card, because the savings card itself is only a debit card, and the debit card also has the functions of other types of bank cards. The relationship between the two is a father-son relationship.

Speaking of this, many friends may have questions. Since the debit card already contains all the functions of the savings card, why does the bank need to apply for another savings card?

In fact, this is a historical issue. A long time ago, the banking industry was not complicated, so banks were divided into many kinds of bank cards, which could be divided into transfer cards, special cards and stored value cards (stored value cards), all of which were called debit cards.

At present, there are two main types of bank cards in commercial banks: debit cards and credit cards. Savings cards have basically become history, and now they are all debit cards by default.

About the difference between debit card and credit card, the introduction of credit card or savings card and bank savings card ends here. I wonder if you have found the information you need?