Usually repay once a month

According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a card that records relevant information about the cardholder's account and has a bank credit limit and Overdraft function, and various media that provide cardholders with related banking services.

Credit card bills are issued once a month, so repayments are generally made once a month. If there is no consumption in the current month, then there is no need to repay the money in the next month. Credit cards have two dates that everyone needs to remember, one is the billing date and the other is the repayment date. The billing date is the date when the credit card bill is issued. After the bill is issued, the user can repay. The repayment date is the last repayment date, indicating that the user needs to repay on the repayment date.

Changes in the way credit cards operate

(1) Under a strong regulatory environment, credit cards gradually return to the payment function

Since 2020, the "new crown" epidemic has superimposed the economic downturn cycle , my country's banking industry is generally under pressure. After the epidemic, the non-performing ratio of commercial banks continued to hit new highs, reaching a peak (1.96%) at the end of the third quarter. Against this background, the credit card business, which is an important part of retail banks, has also ushered in an era of strong supervision. . In this form, credit cards, as a product originally designed to promote mass consumption, are also required to return to consumption and payment, operate the customer base of daily real consumption, and strengthen the monitoring of capital flows.

Returning to consumption and payment functions also has two benefits: First, it can allow banks to return to customers through payment functions related to scenarios, customers and merchants, which will help increase customer stickiness and provide Diversion of other banking businesses is an important part of building a bank customer operating ecology; the second is to accelerate the absorption of customers from different industries. As Alipay, WeChat Pay and consumer finance companies have also entered the era of strong supervision, banks can use their own The advantages of more compliance and security attract its customers and regain the right to speak in the payment field.

(2) Pay more attention to customer experience, products and services, and clarify customer-centered business orientation

In the era of stock competition, improving customer experience is a bank’s own product and service It is important to maintain competitiveness and maintain stable business growth. There is also a positive correlation between customer experience and bank operating performance. The current credit card products and services are gradually erasing the existing public perception of financial overdrafts, bringing the truly needed consumption scenarios, products and services to customers, and realizing the emphasis on improving customer experience as the business direction.