Now many people have more than one bank card. There are a lot of different types of cards in different banks, but few people understand the differences and functions of different types of cards. Debit card and savings card are the two most common types of bank cards in people's life. What are the differences between debit card and savings card? This article introduces the difference between debit card and savings card.
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In fact, the savings card is one of the debit cards, and the debit card is the upgraded version of the savings card. Savings card is the old name of debit card. Due to the limitation of technical conditions, the previous savings card does not have the settlement function and can only be used for simple deposit and withdrawal. With the development of science and technology, banks began to issue debit cards to meet the diversified needs of depositors for consumption, investment and financial management. So that depositors can not only use one card to handle a variety of businesses, but also improve the efficiency rapidly, making the debit card more simple and humanized.
Also, debit cards are not credit cards. Although debit cards can be used directly, they can use as much money as the card has. Overdraft is not allowed. Unlike credit cards, credit cards can not only advance consumption, but also withdraw cash, and banks will cooperate with merchants and merchants. Cardholders can not only enjoy discounts for consumption with credit cards, but also accumulate credit card points, and use points to exchange gifts with banks. The popular understanding of credit card is' I have no money myself. I spend the money of the bank first, which is equivalent to a loan from the bank and repay it later according to the time limit specified by the bank '.