What is a debit card?

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. A Special card is a debit card that is used in a specific area and has a specific purpose (except for department stores, restaurants and entertainment industries), and has the functions of transferring money and depositing and withdrawing cash. Stored value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage according to the cardholder's requirements, and directly deducts money from the card during the transaction.

Extended data:

2012165438+1October 26th, the data released by the People's Bank of China showed that the number of bank cards issued in China continued to increase. By the end of the third quarter, the number of debit cards issued in China exceeded 3 billion.

Data show that by the end of the third quarter, 3.4 billion bank cards were issued nationwide, including 3.082 billion debit cards, up 2 1.4% year-on-year, and the year-on-year growth rate accelerated by 3.8 percentage points. The number of credit cards issued was 3180,000, a year-on-year increase of 18.8%, and the year-on-year growth rate slowed down by 1.5 percentage points.

The data shows that the total credit granted by credit cards and the total credit payable at the end of the credit card period (credit card overdraft balance) continue to grow. The total outstanding credit of credit cards overdue for half a year increased slightly, and its proportion in the total credit payable at the end of the period decreased slightly. The data shows that by the end of the third quarter, the total credit granted by credit cards increased by 36.3% year-on-year, and the total credit payable at the end of the period increased by 44.8% year-on-year.

Baidu encyclopedia-debit card