What is a bank card upgrade?

Bank card upgrade is a background system upgrade, adding some functions.

When the bank carries out system maintenance, it will receive SMS prompts or announcements. Bank card is a credit payment tool issued by commercial banks and other financial institutions and postal savings and remittance institutions to the society with all or part of the functions of consumer credit, transfer settlement, cash deposit and withdrawal, etc. Bank cards include credit cards and debit cards. Bank cards are divided into credit cards and debit cards according to whether credit lines are granted to cardholders.

1. Debit card

Debit cards can be used for online or POS consumption or ATM transfer and withdrawal, and cannot be overdrawn. The amount in the card bears interest according to the demand deposit, and the funds are directly withdrawn from the savings account when spending or withdrawing money.

Debit cards can be divided into ordinary cards, gold cards and platinum cards according to grades, and can be divided into domestic cards and international cards according to the scope of use.

2. Credit card

A credit card in which the cardholder can spend first and then repay within the credit limit. Consume first and then repay, enjoy an interest-free repayment period (up to 56 days), with a minimum repayment amount. Customer overdrafts can be repaid in installments. Customers need to pay a certain annual fee to the bank they apply for, and each bank is different. In principle, the same customer may not open more than 4 debit cards (excluding social security cards) in the same institution.

In principle, the same agent shall not open more than three cards in the same commercial bank. The debit card opened by the agent can only be used after the agent comes to the counter with his valid ID card to activate the card.