Fortune Telling Collection - Zodiac Analysis - The difference between savings card and debit card
The difference between savings card and debit card
Debit cards and credit cards are translated from foreign financial terms and have formed their own characteristics in China.
China has the largest savings user in the world, which is due to China's strong leadership and reputation, stable situation and residents' consumption habits. So debit cards are almost equivalent to savings cards in China. In fact, debit cards contain savings cards, not credit cards.
Debit cards are called debit cards in MasterCard and financial cards in Visa. Debit cards are very popular all over the world because they can easily replace cash and checks for consumption and transactions.
In today's China, due to the popularity of mobile Internet, the wide application of smart phones and other smart terminals, and the convenience and security of payment by WeChat and Alipay, the dominant position of debit card consumption and transaction has been gradually replaced, and the financial management functions of WeChat and Alipay have gradually replaced the savings and financial management functions of debit cards. Therefore, the central bank is bound to prevent Tencent and Ali from encroaching on financial business, gradually monopolize residents' deposits, consumption and wealth management business, control financial risks and curb potential financial crises. To this end, measures such as adjusting the upper limit of current balance such as Alipay and depositing reserve funds have been taken continuously.
In short, debit cards include functions such as transfer, savings, financial management, consumption and transaction. Savings card is one of the most common debit card types.
The difference between debit card and savings card
Debit cards, also called debit cards, can be swiped in the store. When swiping a card, you can directly deduct the money from the deposit account before swiping the card, and there will be no over-swiping, overdraft and use of cyclic interest.
Debit cards can also be withdrawn by ATM transfer and cannot be overdrawn. The amount in the account pays interest according to the current deposit. Savings card is a kind of financial transaction card issued by banks to provide financial services for depositors.
Its main function is to deposit and withdraw money at networked ATMs and savings offices, and to spend money at networked POS machines. There are only two kinds of bank cards, credit card and debit card.
Savings card is a kind of debit card, which can only deposit and withdraw money, handle transfer, remittance, pay water and electricity bills, etc. Debit cards are savings cards that we use to deposit and withdraw money. You can't overdraw until you deposit the money in the card. So there is no difference between a debit card and a savings card, but the name is different. Debit cards are also called savings cards. "Debit" means "deduction". The cardholder's payment is deducted from his bank account. Cardholders spend money in their own accounts and have no credit consumption.
It makes no difference! .
What's the difference between debit card and savings card?
Credit cards can be overdrawn, savings cards can't be swiped, and passwords are not needed (they can be used or not). Savings cards must need passwords. If there is your own money in the credit card, then the real credit card withdrawal (even your own money) will also charge a handling fee, regardless of the current interest.
The minimum overdraft limit of each credit card is 10 yuan, and the daily interest after maturity is 0.5 ‰. The annual fee for credit cards often ranges from tens to hundreds of yuan. The annual fee of savings card is usually 10 yuan. Credit cards can't be owned by everyone who wants to own them. They need to provide financial proof, which is equivalent to short-term loans from banks to cardholders, and also represents the financial level of individuals. Debit cards such as credit cards, gold cards and platinum cards are also called savings cards and "debit cards". Credit card is also called "credit card", and "credit" means "future payment". Cardholders can use their own reputation to obtain a certain period of circulating credit from the issuing bank, and cardholders borrow money from the issuing bank to pay bills once a month.
The essential difference between credit card and debit card lies in the difference between "loan" and "debit". Credit cards are divided into credit cards and quasi-credit cards according to whether the reserve fund is deposited with the issuing bank.
Quasi-credit card refers to a credit card in which the cardholder must first deposit a certain amount of reserve fund according to the requirements of the issuing bank. When the balance of the reserve fund is insufficient to pay, he can overdraw within the credit limit stipulated by the issuing bank, and the interest will be calculated from the date of overdraft. Credit card holders can spend first and then repay within the credit limit given by the bank, and there is no need to deposit a reserve fund when using this card.
Deposits in quasi-credit card accounts are interest-bearing, while deposits in credit card accounts are not. Credit cards generally have laser anti-counterfeiting marks on the front, while debit cards do not; Credit cards must have an expiration date, but debit cards do not; At present, domestic credit card numbers are embossed, and debit card numbers are printed and embossed.
As long as you have civil capacity or a guardian, ICBC-Peony Link Card (nationwide), Peony Credit Card (nationwide), China Construction Bank-Longka Credit Card (Shanghai), Longka Savings Card (Shanghai), Longka Credit Card (Heilongjiang), Longka Savings Card (Guangdong Longka Savings Card (Xiamen), Longka Credit Card (Hainan) and Longka can be opened. Great Wall Debit Card (Guangzhou), Bank of Communications-MasterCard (Guangzhou), Visa Credit Card (Guangzhou), Wanshun Debit Card (Guangzhou), Pacific Debit Card (Hainan), Debit Card User (Zhengzhou), Pacific Debit Card User (Xiamen), Agricultural Bank of China (Shenzhen)-Credit Card User (National), Constellation Card User (Guangdong Province, Savings and ATM Card User (Guangzhou Jinsui Credit Card (Hainan) China Merchants Bank-One Card (National Guangfa-Guangfa Credit Card (National), Guangfa Wealth Management Card (National) Minsheng Bank-Minsheng Card Online Banking (National) Shenzhen Development-Debit Card (National), Debit Card (Hainan) Huaxia Bank-Huaxia Card (National) Industrial Bank-Industrial Card (National) Industrial Card (Xiamen) China Everbright Bank-Sunshine Card
What's the difference between debit card and savings card?
Difference 1, the relationship between subset and complete set of debit cards includes savings card, in other words, savings card is a kind of debit card.
2. Definition Different savings cards are financial transaction cards issued by banks to provide financial services to depositors, and belong to a kind of 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.
3. Different types of savings cards have magnetic strips and chips. Its main function is to deposit and withdraw money at networked ATMs and bank counters and spend it at networked POS machines.
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. 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. 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.
Reference debit card Baidu Encyclopedia savings card Baidu Encyclopedia.
What's the difference between debit card and savings card?
differentiate
1, the relationship between subsets and complete sets
Debit cards include savings cards, in other words, savings cards are a kind of debit cards.
2. Different definitions
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. Debit card means that the issuing bank issues it to the cardholder, who deposits first and has no credit limit.
3. Different types
There are two kinds of savings cards: 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.
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.
Sogou encyclopedia debit card
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