No loans

The basic function of a savings card is a savings deposit. Without an overdraft function, loans cannot be made; if it is a credit card, you can also use an overdraft to achieve the purpose of borrowing. You can’t do that with a debit card.

If you want to obtain a loan, you can apply to a bank or formal lending institution through a mortgage. For example, if the borrower has a car, a house and other assets in his name, you can obtain a mortgage loan; if the borrower has a stable job income, You can also apply for a loan if you have good personal credit.

You cannot borrow money with a savings card. A savings card is a financial transaction card issued by a bank to provide financial services to depositors. It is a type of debit card. The main function of a savings card is savings deposits. Through the electronic payment network established by the bank and the magnetic stripe reading and manual password input of the card, cardholders can realize card consumption, ATM cash withdrawals, transfers, various payment and other functions. Through the card Expenses made equal to the reduction in the savings account balance. Deposit cards are only used for deposits. Credit cards can be used to borrow money for consumption. Credit cards have credit limits and can be overdrawn first and repaid later. However, if the credit card consumption is not repaid on time, there will be certain interest and handling fees.