Credit card cash advance business includes cash withdrawal, cash transfer and cash recharge. At present, banks carry out cash withdrawal business through ATMs and other self-service machines, and the daily accumulated amount of each card is 1 1,000 yuan. For counter handling, the card issuer and the cardholder agree through agreement.
Because in the past, some banks stipulated that only 10% was the minimum repayment amount, so many credit card holders regarded the cash withdrawal industry as a good way to solve the urgent need.
Credit cards are best used for credit card spending, not for cash withdrawal. Because in addition to the normal interest, there is also a handling fee, and the interest-free period is even more unexpected.
Most credit cards are calculated at a daily interest rate of five ten thousandths, which translates into an annual interest rate of more than 18%, and the handling fee rate also ranges from 0.5% to 3%. It is very expensive to use, so don't withdraw money easily unless you have to.
Now many banks have cancelled the minimum repayment "welfare" for overdraft cash withdrawal.
For example, Industrial Bank recently issued a statement saying:
Industrial Bank said:
The repayment method was adjusted according to the Notice of the General Office of China Banking Regulatory Commission on Strengthening the Risk Management of Credit Card Cash Advance Business issued by the CBRC.
The overdue exposure of credit cards has been expanding recently.
According to the "Overall Operation of Payment System in the First Quarter of 20 19" recently released by the central bank, by the end of the first quarter of 20 19, the total usage of credit cards and debit cards was 690 million. At the end of the fourth quarter of 2008, the number of credit cards issued was 654.38+42 million. After ten years' development, the number of credit cards issued in China has increased by four times.
At the same time, the number of cards issued has increased, and overdue defaults have also soared.
At the end of the first quarter of 20 19, the credit balance of bank cards was 6.98 trillion yuan, 43 times higher than that of15821200 million yuan at the end of the fourth quarter of 2008. At the end of the first quarter of 2065438+2009, the total outstanding credit of credit cards overdue for half a year was 79.743 billion yuan, an increase of more than 22 times compared with the end of 2008, far exceeding the growth rate of card issuance by 4 times.
Credit card advance cash business mainly includes cash withdrawal, cash transfer (including cash installment and non-installment business) and cash recharge.
Before 20 17, the minimum cash advance of many banks can be included in the minimum repayment amount of 10%, that is, 2000 is taken, and the minimum repayment amount is 200.
However, in recent years, the scale of cash advance business has increased rapidly, including the daily limit of ATM cash advance business has increased from 2,000 to 6,543.8+0,000, and some banks have launched large cash installment business, further expanding the risk exposure. The transaction purpose of this kind of business is difficult to control, and the risk level is obviously higher than the overall risk level of credit card loans, which is the focus of supervision.
In order to meet the regulatory requirements, most banks have now included the cash withdrawal and cash transfer principal of credit cards in the minimum repayment amount. The tightening of cash prepayment by major banks this time is not only to meet regulatory compliance requirements, but also to strengthen business risk management and control in the current situation of high joint and several debt risks. In the short term, the change of repayment rules may increase the repayment pressure of some cash withdrawal customers, increase the difficulty of recovery and accelerate risk exposure, but in the long term, it can control bank risks and guide cardholders to spend rationally and overdraw reasonably.
At present, under the downward pressure of the economy, the business of bank companies has shrunk, and strong financial supervision has restricted off-balance-sheet, interbank and wealth management business. Therefore, all major banks have made great efforts in personal financial business. Credit card business has the dual functions of settlement and revolving credit, and it has also become a key area for banks to compete for land.
There are objective reasons for the rapid rise of credit card non-performing rate. Some banks have some problems, such as illegal cashing, helping cards and over-granting credit, due to lax approval of profit-seeking. Some enterprises solve the demand for credit funds through revolving loans, which deviates from the origin of credit card business. Some consumers' debt consumption and overdraft consumption will inevitably lead to an increase in overdue payments. In addition, due to changes in the economic environment, enterprises have laid off employees and closed down, and cardholders' repayment ability has decreased.
To solve the problem of high non-performing rate of credit cards, it is necessary to treat both the symptoms and the root causes. On the one hand, the government should strengthen supervision, and banks should standardize examination and approval and expand their business on the basis of controlling risks.
Zhihu users: Which bank is good for handling credit cards?
Zhihu users: cash 100w or so. What are the good financial management methods?
Zhihu users: Is it feasible to withdraw cash from the credit card, then deposit it in Alipay for interest, and then take it out at the end of the month to return the credit card?
What kind of service is the Apple Card released at the 20 19 Apple Spring Conference?
Zhihu users: What routines do insurance companies have?
Zhihu users: What are the problems when the interest rate of Yu 'ebao falls and then falls?
Zhihu users: What should I pay attention to when buying a second-hand house?
Zhihu users: How to choose the bank's wealth management products?
Will the use of Alipay "Huahua", WeChat "Borrowing Money" and JD.COM "IOUs" affect personal credit records?
Zhihu users: What kind of people are Alipay sesame credit scores above 750? Why can't I buy 700 in buy buy?
What exactly is an ETF fund?
Which bank credit card can go to the airport vip?
The Artifact of Daily Work and Scientific Research: Grammar —— The Best Online Tool and Software for English Writing.