Debit and savings cards
In fact, there is no obvious difference between debit card and savings card. Savings card can be said to be the predecessor of debit card, that is, debit card is an upgraded version of savings card.
In the early days, the bank cards we handled were mainly used for deposit and withdrawal, additional transfer and remittance, among which deposit was the most important purpose, so it was also called savings card; However, with the development of the times, the functions of bank cards are becoming more and more abundant. In addition to deposit and withdrawal, transfer and remittance, financial investment, account settlement, payroll payment, third-party account opening, online shopping, water and electricity payment, etc. It can be said that it is unreasonable to simply call it a savings card at this time, so it is natural to change its name.
From the functions of debit card and savings card, we can see that the functions of debit card include all the functions of savings card, while the functions of savings card are only a part of debit card.
Why is it called debit card? In fact, it has something to do with accounting, because the main function of debit card is to deposit and withdraw money. We deposit money in the bank and the bank is lending with our money. For the bank, our deposit is equivalent to lending it to the bank. In accounting, accounts are debited, so they are called debit cards.
Credit cards and credit cards
Credit cards and credit cards are essentially the same. Credit card is the credit line given to us by the bank. This credit line does not require us to provide all kinds of guarantee measures, and it can be paid first, which is equivalent to relying only on our personal credit, just like a bank loan, so it is called a credit card. But in accounting, the credit card is a loan given to us by the bank, and the accountant keeps accounts and counts them in the credit, so it is also called a credit card! Moreover, this title can correspond to a debit card. After all, if there is a loan, there must be a loan, and the loan will be repaid.
Debit card-credit card
In fact, you can literally know what a debit card is. Simply put, a debit card is a combination of a debit card and a credit card, which is equivalent to one card and two accounts, to maximize the effectiveness of funds for customers.
Debit cards and credit cards are perfectly integrated with debit cards. This card not only has the functions of saving money, transfer settlement, financing and investment, but also enjoys the functions of overdraft consumption and installment payment.
When lending is combined with deposit, the funds will automatically enter the debit card account and enjoy interest; If the debit card account funds will automatically make up the difference when the credit card limit is insufficient, then people who don't like holding too many bank cards can apply for a debit card.
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In fact, there is not much difference between debit card and savings card at present, so no matter what is written on your card, it makes no difference to our users, so don't care.