Bank of Communications, also known as "Little Hands", has a history of a hundred years! Come rain or shine!
History of Bank of Communications:
Bank of Communications was established in 1908 (the 34th year of Guangxu reign of Qing Dynasty). It is one of the oldest banks in China and the note-issuing bank in modern China. one. In China, only Bank of China and Bank of Communications dare to be called century-old banks.
Due to historical reasons, Bank of Communications experienced many twists and turns at that time. It moved from Beijing to Shanghai in 1928 and to Chongqing in 1937. In 1949, our party took over the Bank of Communications and moved it back to Shanghai in 1951.
In 1958, Bank of Communications' mainland operations were merged into the local People's Bank of China and the People's Construction Bank of China, the latter of which was established on the basis of Bank of Communications. Bank of Communications Hong Kong Branch continues to operate. Bank of Communications is actually the mother of China Construction Bank.
In 1986, the State Council approved the reorganization of Bank of Communications.
On April 1, 1987, the restructured Bank of Communications officially opened for business and became China's first national state-owned joint-stock commercial bank, with its head office in Shanghai.
In 2004, the State Council approved the "Overall Plan for Deepening the Joint Stock Reform of Bank of Communications". According to the reform plan, Bank of Communications completed financial restructuring in 2004 with the core content of capital increase and share expansion and centralized disposal of non-performing loans, becoming the first among the five major state-owned banks to complete financial restructuring; in 2004, Bank of Communications successfully introduced HSBC as an overseas strategic investor. Among the five major state-owned banks, it was the first to successfully introduce foreign capital;
In 2005, H-shares were successfully issued and listed on the main board of the Hong Kong Stock Exchange, becoming China's first commercial bank to be issued and listed overseas; in the same year, Bank of Communications and HSBC Banks issued the first credit cards.
In 2007, A shares were successfully issued and listed on the Shanghai Stock Exchange.
In mid-2020, the number of Bank of Communications cards in circulation reached 71.47 million, ranking first!
1. Characteristics of Bank of Communications Credit Card
1) It is easy to cancel the card, but the limit is low. If the China Merchants Bank card is the first card for young people, then the Bank of Communications card is the second card for young people. I like Bank of Communications to be silly and sweet, and to cast a wide net. Digital first! But overall the card amount is average.
2) It is not easy to withdraw money, and it cannot be withdrawn during the temporary validity period. It is relatively difficult to increase the credit limit of Bank of Communications. I don’t care, no matter what happens to you! During the interim period, there is no fixed promotion amount. In other words, even if it does not have to be temporary, it is not easy to see the shadow of the quota.
3) The interest-free period is 56 days, which is one of the banks with the longest interest-free period! The grace period is 3 days.
5) Strict risk control. Bank of Communications, a disciple of HSBC, used to be the bank with the most abnormal risk control in China, but now it seems that some banks are ahead of it. Anyway, if it is inconsistent, the credit card will be reduced. As long as some rules in the system are triggered, they will call to ask about your card usage! The following screenshot shows you the Bank of Communications risk control system I wrote before.
6) Don’t mind too much about cards. I don’t mind getting rid of the card, but I do mind increasing the amount!
7) Civilian route. The Bank of Communications credit card is good at all things food, drink and entertainment. It has more than enough in the low-end but not enough in the high-end.
8) Bank of Communications is a bank that knows how to use marketing activities, and "Red Friday" is deeply rooted in the hearts of the people.
Recently, Bank of Communications has also upgraded Nuannuan, and many magic cards have been dropped before! Many people also reported that their Bank of Communications cards were subject to risk control and they were unable to participate in many activities!
9) Bank of Communications’ purchasing power
If you have high paying ability, you can get some rights. But it looks like tasteless, so here is just a brief introduction!
It is worth mentioning that if you paid 8,000 yuan for six consecutive months last year, you can reduce the annual fee of the Platinum Card! But it feels difficult to achieve! Not this year either!
How to increase purchasing power? There are four dimensions:
Consumption dimension: each consumption is 5 yuan = 1 point, the monthly limit is 6,000 points, and the required consumption is 30,000 yuan.
Size
The starting price of Excellent White is 10,000, and the price of Kirin White is now 20,000 (from 50,000 before to 20,000 now. It’s really ups and downs, I can’t spit it out) . I won a card with a guaranteed amount to increase the amount.
3) Invite upgrades and increase the amount.
Use the card well and wait for Bank of Communications to invite Qilin Bai. The starting limit is 20,000.
4) Freeze the amount.
The common method used by Bank of Communications to increase the amount is to freeze it for 3 months, but this method is easy to extend!
Four. Cards Worth Destroying
The space is limited and will be a separate article later. Stay tuned!
Verb (abbreviation of verb) Bank of Communications installment products
There are many installment products behind Bank of Communications.
1. Enjoy the loan.
It is an exclusive installment amount provided based on the original credit line, with a maximum of 300,000. You need to sign a contract, there is no consumption, and there are no fees; if you meet the conditions for installment consumption after signing the contract, there will be fees. It can be divided into up to 24 periods. Rates vary from person to person, and discounts are often available!
Similar to CITIC Dream Gold! Get your credit card and swipe it out! After the contract is signed, the loan must be used within 90 days and expires. The minimum payment amount can be 500, 1500, 3000, 5000, and needs to be paid by credit card. By default, it cannot be used in consumption scenarios such as real estate.
2. Good business loans
Commodity installment payment limit. Large-amount consumer loans for car purchase, decoration, travel, education, and designated merchants, with a maximum amount of 500,000, and can be divided into up to 36 installments.
3. Good cash loan
4. Angel loan
Angel loan is a loan from Bank of Communications specially designed for people aged 24-35, with a college degree or above and a stable job. consumer credit provided to young customers. The maximum loan amount is 3.
00,000; supports 6-, 12-, and 24-term consumer loan installments. The initial installment amount for card consumption is 500 yuan.
To sum up, the data analysis of the Bank of Communications' credit card business in the past year or so has shown that it has been greatly reduced, and it seems to lag behind its previous performance. The quota is difficult to raise, risk control is strict, points are difficult to obtain, there are fewer and fewer activities, all kinds of warmth are upgraded, the market reputation has dropped significantly, Bai Qilin, one of the four whites of _Si, has also stepped down from the altar, etc. Looking forward to the next hundred years of Nirvana and rebirth! Related Q&A: Related Q&A: How about Bank of Communications’ credit card?
Thanks for the invitation. I am Shenlong Daodao, an ordinary salaryman. I have been studying investment and financial management and putting it into practice. I will share the most authentic investment results with everyone, hoping to be helpful to you.
I have always used the Bank of Communications’ Walmart co-branded credit card because there happens to be a Walmart supermarket where I live. This card is very affordable and highly recommended. Bank of Communications also has co-branded cards with many supermarkets, all of the same nature.
What I usually participate in is the hottest Friday event of the Bank of Communications credit card. Every Friday when I go to Wal-Mart and use the Bank of Communications card to pay, I can get a 5 credit card refund. If I go there on a normal day, I can get a 2.5 refund if I spend 98 yuan or more. of credit cards. The credit card swipe can be automatically deducted the next time you make a supermarket purchase. I used to go to Walmart on Fridays, use Bank of Communications credit card to top up 200 to the Walmart stored-value card, and then use the stored-value card for daily purchases.
Because this event is so popular this year, the rules have been changed. You must spend 3,000 per month to participate. However, it is directly deducted, so you don’t have to spend anymore, which is equivalent to getting a 50% discount on shopping at Wal-Mart.
In addition, Bank of Communications points can also be exchanged for supermarket credit cards, which is the most cost-effective among the cards I use. However, it is cost-effective to accumulate a certain amount of points, because points below 10,000 are converted proportionally, and points above 10,000 are 100 points for 1 yuan.
I now have 47,000 points, which can be redeemed for almost 400 yuan, which can be used to go to the supermarket for things I need at home. I suggest paying attention to the validity period of points and trying to redeem points at once before the validity period.
The Bank of Communications’ credit card APP is very well done and can be used by friends who are interested.
Regarding the credit card security issue that everyone is more concerned about, Bank of Communications has done a good job. Every time you make a purchase, the APP will prompt you. If you follow the WeChat official account, you will be prompted after you bind your card. In addition, what impressed me deeply is that when I was making purchases in Hong Kong and Germany, people would call me to ask if I was using the card and if I knew about it. This avoids card theft. I think the security is very high.
In fact, Bank of Communications does a very good job in credit cards. The interest-free period is long, the points are very affordable, and the activities are relatively down-to-earth. It really brings discounts to the people. This is my card use experience, for reference only, everyone is welcome to discuss.