Credit, credit, debit and debit cards

Credit cards are divided into debit cards and quasi-credit cards.
A credit card is a credit card that the issuing bank gives the cardholder a certain credit limit, and the cardholder can spend within the credit limit first and then repay the credit card. A credit card is a credit card in the true sense, with functions such as credit consumption, transfer settlement, and cash deposit and withdrawal. It has the following characteristics: pay first after consumption, enjoy an interest-free payment period (up to 56 days), and set a minimum repayment amount, customers can repay in installments themselves if they have overdrafts.
Semi Credit Card (Semi Credit Card) means that the cardholder must first deposit a certain amount of reserve funds according to the requirements of the issuing bank. When the balance of the reserve fund account is insufficient to pay, the card can be overdrawn within the credit limit specified by the issuing bank. credit card. (The current quasi-credit card does not need to pay the reserve fund.) A
debit card refers to a bank card that does not have an overdraft function after making a deposit and then spending (or withdrawing cash). According to their different functions, they can be divided into transfer cards (including savings cards), special cards and stored-value cards. A debit card is a credit tool with functions such as transfer settlement, cash deposit and withdrawal, and shopping consumption. Debit cards can also be transferred and withdrawn through ATMs, but cannot be overdrafted, and the amount in the account will be charged interest on demand deposits.
A savings card is a financial transaction card issued by banks to provide financial services to depositors, and is a type of debit card. Its main function is to make deposits and withdrawals at networked ATMs and bank counters, and to spend on networked POS.