Debit card (debit card) and credit card (credit card)

Bank card problem students always focus on topic, because foreign students abroad, more than 80% of the cost is through the bank card transactions, but also with the domestic remittance only through the bank card. Today I will detail the types of bank CARDS, application and usage.
In the United States the most commonly used credit CARDS can be divided into two kinds, a debit card (debit card) and credit card (credit card). I suggest everyone to apply for these two CARDS, because they have different USES.

1. A debit card (debit card)
Called a debit card, is to save money, spend money, it ACTS as a savings account. In the United States, almost every Bank provide debit card application, do not need the applicant to have credit record, also do not need to consult the applicant's work, salary, whether the United States green card holders or citizens of the United States and a series of conditions, so open a card is almost zero risk. Its open card that you provide the condition of 1-10 dollars starting gold. And the big Banks such as Bank of America, Chase, TCF debit CARDS are exempt from the annual fee, in an ATM withdraw money also have no handling fee, is very convenient. And with the domestic remittance is often done through a debit card, because the credit card is not the ability to save.
Debit CARDS are usually have two accounts: checking account (checking account), savings account (saving account).

(1) the checking account (checking account)
Role is the main consumption, so generally no interest, the user can use this account to pay tuition, phone, online shopping, check, etc. In the United States, in the life of the bank on the net use is widespread, such as shopping online, order a meal, books, etc. Bank card and the United States generally opened with the bank on the net, after does not require additional application or install any software. Many big Banks in the user a new checking account, provide some checks and thin, you may check in at home less chance, but in the United States, the check is very convenient, and security is higher, because the cheque will be printed with your name and information, many Banks will also check the signature, so seldom take a check is true. And you send a cheque to the other side, there will be charge on the check the name of the man, so also does not exist or. Check can almost as cash to use in the United States, for example, if you don't need to out shopping with a lot of money, just take a check, on the personal safety is guaranteed.

  (2) savings account saving account)
This is the main savings account, there is interest, but not commonly used in the consumption. You go to the bank of the bank on the net, basic can through simple operation on the net transfer in the checking account and savings account. I suggest it is, my money will be a savings account and transfer as much as they use in checking account, so you can have some interest income, and transfer of program is very simple, in the bank on the net 30 seconds flat.

 2. The credit card
, consumer credit card no matter from the application to the repayment, etc., than the debit card is relatively trouble, but the biggest advantage is that can in advance. Most people's consumption in the U.S. are produced in the credit card, can be the concept of "consumer first, and then also money" firmly advocates. Credit card request is troublesome, and the success rate is not high, it is just one of consumer payment method, most of the credit card is required to pay an annual fee. So the students are really necessary to apply for a credit card?My answer is sure: yes.
The convenience of credit CARDS to students far more than the "consumption" in advance, especially for on going to stay in the United States or Canada for a long time, credit card credit history is an important foundation for later life. Credit records in the United States has a very strict, very perfect recording system, is also one of honesty and financial ability to reflect. If ready to settle down in abroad, it is necessarily involved in a car to buy a house, believe that for most students, the loan to buy a house or a car more realistic, in the domestic loans are mostly take assets as collateral, but for students, almost no assets, the loan is important reference index of credit records. The accumulation of credit history is long, is different from the bank's integral, not to say that suddenly you spent $50000 today, credit record will increase greatly. So I suggest that the students must apply for a credit card early, so a few years after building your credit record may be enough to get the loan requirements.