What Is a Debit Card Hold?

Debit card refers to the bank card issued by the card-issuing bank to the cardholder without a credit line.

debit card

Debit cards are becoming more common and can easily replace cash and checks for consumption and transactions. In recent years, they have gradually become

1 Access to cash. Debit cards are mostly equipped with local and foreign currency, regular, current, etc.

Card custody: Once a debit card is lost or stolen, there is a risk of fraud or forgery. Cards should be kept like cash, and should not be left at hand, let alone loaned. ID cards and debit cards should be kept separately.

Password protection: Some debit cards require

China issued more than 3 billion debit cards

According to data released by the People's Bank of China on November 26, 2012, the number of bank card issuances in China has continued to increase. As of the end of the third quarter, the number of debit card issuances in China exceeded 3 billion.

Data show that as of the end of the third quarter, 3.4 billion bank cards were issued nationwide. Among them, the number of debit cards issued was 3.082 billion, a year-on-year increase of 21.4%, and the growth rate accelerated by 3.8 percentage points. The year-on-year growth rate was 18.8%, and the year-on-year growth rate slowed by 1.5 percentage points.

According to the data, the total amount of credit granted to credit cards and the total amount of credit payable at the end of the credit card period (credit card overdraft balances) have continued to increase. The total amount of credit outstanding for credit cards overdue for half a year increased slightly, and the proportion of total credits repayable at the end of the period decreased slightly. Data show that as of the end of the third quarter, the total amount of credit cards granted increased by 36.3% year-on-year, and the total amount of repayable credit at the end of the period increased by 44.8% year-on-year.