Crib on the types of bank cards

When a debit card is suddenly overdraft, you have to run headlong into the bank to sort out these complex words. For such cases Layfhaker prepared a cheat sheet for all types of credit cards.

According to the brought funds

The main parameter of the separation of all the cards - then, what means they are placed: their own or borrowed. Own funds hold debit cards, borrowed - credit. Everything else is only a supplement.

debit

Debit cards - those that can be put only their money and use them.

1. With overdraft. Holders of these cards allows the bank to take a small amount of money if their money was not enough. This overdraft interest is calculated as a loan. But it is necessary to distinguish between technical overdraft, when, for example, money for the card maintenance are charged to negative. This is not a loan, the interest for such overdraft are not charged.
2. Without overdraft. It's simple: no overdraft - no care at a loss in a row.

credit

Credit cards - those that host the bank's funds.

1. With a grace period.
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   Using this card, you can get the money back during the grace period and not pay interest.
2. Without the grace period. And here already have the fixed interest rate or for the use of the credit limit Commission.

maintenance

All cards can be divided by class of service from standard to platinum. The difference in the benefits that are given to the owner of the card from the bank. This can be increased bonuses, personal manager, insurance and even legal assistance.

On preferential terms

Salary, youth, pension, etc are usually characterized by favorable conditions: the size of commissions (or lack thereof), the cost of registration and maintenance. Plus payroll and student card that the bank every month sees the size of your income and its stability, on the basis of which may subsequently offer more favorable credit conditions.

Time Release

Instant and nominal cards differ time of manufacture: First you get the right treatment at the bank, the second will have to wait a few days. In addition, the instant the card is rather limited in features. You will not be able to pay it abroad or on the Internet.

On bonus programs

Bonus program for owners of any card offer very different: keshbek, miles as a gift, interest on the balance, and so on. Each bank has its own conditions and programs.

The most important tip. When choosing a card, carefully read the terms of the contract: the duration of its action, the cost of service, relying bonuses. Do not hesitate to ask a specialist. You do not have to know about all the bank, but the extra 20 minutes spent on the study of the issue, will allow you to avoid unpleasant surprises.

See also:

• What to do if the ATM does not give your card →
• How to protect a bank card from fraud →
• How to close the account so that the bank realized that it's over between you →