Can students apply for a credit card?
Yes.
Generally speaking, it is not easy to apply for a credit card for college students, but it can be done, such as China Merchants Bank student credit card, China Construction Bank Long Card student credit card, Wanda movie 50% off, Agricultural Bank of China Youka credit card, Bank of China Taobao campus credit card Card, directly Alipay account, etc. These are all credit cards for college students, but generally there is no limit, and in rare cases it is less than 5,000. The reason is that students generally have no income. As for the materials, generally For student ID cards and admission notices, national regulations require that cards be issued to students with caution, and they will not be issued unless stated. There are also general student credit cards that have no limit, but can enjoy the benefits of normal credit cards. For example, the Bank of China Campus Card has no limit, but still enjoys points. , you can also exchange gifts, and most other banks are like this, but I guess small banks may have quotas. You can call the customer service of small banks and ask. Of course, the best thing is to do your parents' job and let them I will apply for an additional card for you. In that case, there will definitely be a limit, which can usually exceed 5,000. It’s better to manage your finances early and benefit early. It’s not easy to do it by yourself.
Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.
Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate). Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; a quasi-credit card refers to a credit card in which the cardholder can A quasi-credit card that deposits a certain amount of reserve fund and can be overdrafted within the specified credit limit when the reserve account balance is insufficient for payment. The so-called credit card generally refers to a credit card only.
How do students apply for a credit card?
Since students do not have a fixed income, there are restrictions on applying for a credit card. You can choose to apply for a student-specific credit card or apply for a supplementary card for your parents’ credit card. If you are applying for a student credit card, you need to provide your student ID card and student certification materials issued by the school before you can apply. To apply for an additional card, only the main card holder needs to apply, but the main card holder and the supplementary card applicant must go to the counter to apply together.
The specific choice of which credit card to apply for depends on the user’s needs. If it is used for overdraft consumption, then it is more appropriate to apply for an additional card.
Extended information:
Credit card application:
If customers want to apply for a credit card, they can directly bring their personal ID and proof of income (such as bank statements, pay slips ) and other relevant information, go to the counter of the selected bank's offline business outlet to ask the staff to apply for a card, then get the application form to fill in, and then hand the completed form together with the information to the staff, and then just wait patiently for the bank Just review
After the bank has completed the approval, it will naturally send a message to notify the customer. If the approval is passed, a card will be printed for the customer, and then the prepared card will be mailed to the customer. Customers can activate it after receiving the card.
Of course, in addition to applying at branches, customers can also apply directly on the bank's official website, mobile banking client or credit card APP. However, everyone needs to be aware that if you apply for a credit card from a bank online for the first time, you may have to go to the bank for an interview later.
Customers should pay attention to keeping the phone open after submitting the card application, because some banks may call the customer to ask for some relevant information during the review. In this regard, if the call is not received in time, it may have a certain impact on the card approval.
Credit card limit increase:
When applying for a credit card, the bank will approve the limit based on the applicant's comprehensive qualifications, and the credit card can also be used to increase the limit. The method is as follows:
1. Use more credit cards to spend money
If you want to increase your credit card limit, you should use more credit cards to make purchases. Try to use your card where you can. It is best to keep the credit card before applying for the limit increase. Have a stable consumption record for several months, and it is best to make about 20 transactions every month. The merchants where the card is swiped should also be diversified.
2. Appropriate installment arrangements
Appropriate installment arrangements are conducive to credit card limit increases, but it is best not to make the installments too long. 3 to 6 installments are enough, and the installments are The amount should not be too large either. For example, it is very suitable to apply for installment after consumption during some holidays, and the success rate of increasing the amount is also high.
3. Keep good card usage records
If you want to increase your credit card limit, good card usage records are essential, because if you have a bad record on your credit report, you will not be able to increase your credit limit. Yes, so when repaying a credit card, you must pay it back on time to avoid overdue payments and avoid illegal operations such as cashing out. [img]
How do students apply for a credit card?
Since students do not have a fixed income, there are restrictions on applying for a credit card. You can choose to apply for a student-specific credit card or apply for a supplementary card for your parents’ credit card. If you are applying for a student credit card, you need to provide your student ID card and student certification materials issued by the school before you can apply. To apply for an additional card, only the main card holder needs to apply, but the main card holder and the supplementary card applicant must go to the counter to apply together.
The specific choice of which credit card to apply for depends on the user’s needs. If it is used for overdraft consumption, then it is more appropriate to apply for an additional card.
Credit card application:
In most cases, citizens with full capacity for civil conduct (citizens over 18 years old in mainland China) and with certain direct financial resources can apply to Apply for a credit card from the card issuing bank. Sometimes, legal persons can also be applicants.
Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country.
Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank.
The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee. The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc.
And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form.
The application form is accompanied by a contract for using the credit card. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have an application A person's autograph.
According to the "Notice on Issuing the "Credit Card Business Management Measures"":
Article 33 Anyone who opens a basic deposit account at a financial institution within the territory of the People's Republic of China and the People's Republic of China Units can apply for unit cards. Several unit cards can be applied for, and the cardholder's qualifications shall be designated and canceled in writing by the legal representative of the applying unit or his authorized agent.
Citizens with full capacity for civil conduct can apply for a personal card. The main cardholder of a personal card can apply for supplementary cards for his spouse and relatives over the age of 18. There must be no more than two supplementary cards. The main cardholder has the right to request the cancellation of his supplementary cards.
Article 34 When applying for a credit card, an organization or individual should fill in the application form in accordance with the regulations and submit it together with the relevant information to the card-issuing bank. For those who meet the conditions, the card-issuing bank will open a credit card account for the applicant and issue a credit card.
Can students apply for a credit card?
Students can apply for a credit card. As long as they are over 18 years old, they can go to any bank to apply for a card. There are also many banks that have launched exclusive credit cards for the student group, such as Bank of Communications' Y-POWER credit card campus version, China Merchants Bank's YOUNG card campus version, China Construction Bank's Dragon Card JOY credit card student version, etc.
The application conditions for student credit cards are also relatively simple, as long as you meet the age limit and have no serious bad credit information. Of course, everyone needs to note that the limit of a student credit card may not be very high. Many people apply for a limit of only tens or hundreds of yuan, or even zero. They must first save money before spending, and accumulate good use. Only after the card is recorded can the bank raise the limit.
In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old in mainland China) and have certain direct financial resources can apply for a credit card from the card issuing bank. Sometimes, legal persons can also serve as applicants
Those who apply for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed.
Individuals applying for credit cards must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.
The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank.
After the customer fills in the application form truthfully, he or she must also submit relevant credit certificates while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.
After receiving the application form and relevant materials from the applicant, the card-issuing bank must review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. The creditworthiness of the applying unit must be evaluated, and the relevant circumstances of the guarantor must also be reviewed for individuals.
Usually, banks will judge whether to issue a credit card to the applicant based on the application information and various aspects of the applicant's information and financial situation. Factors considered include the applicant's past credit record, the applicant's known assets, professional characteristics, etc.
The specific factors and processes reviewed by the card issuing bank are commercial secrets and are generally difficult for outsiders to understand. The standards of each card-issuing bank are also different. Therefore, the same materials may be issued with different credit limits and different types of credit cards in different banks. Some banks may even approve the application, while others may reject it. .
Can students apply for a credit card?
1. Apply for a student card
Many banks have launched exclusive credit cards for college students. College students must be 18 years old or above. If your academic qualifications meet the requirements, you can directly apply online for student credit cards from various banks, such as China Merchants Bank Young Card Campus Card and Pudong Development Youth Campus Card. After passing the review, you can apply for the card by bringing your valid ID + student ID to the interview.
However, one characteristic of this type of credit card is that the credit card limit is sealed before graduation. After all, college students do not have jobs and do not have the ability to repay, so the bank will definitely not be assured of granting the credit limit, so they can only By depositing money into the card for consumption, you can enjoy bank credit card discounts and build credit early.
If you want the bank to provide a credit limit, your parents need to provide a second source of repayment as a guarantee. You can get a credit limit ranging from 3,000 to 8,000 yuan depending on your academic qualifications. After overdraft consumption, your parents need to repay the loan on your behalf. of.
2. Apply for an additional card
If a college student’s parents have a credit card, they can ask them to apply for an additional card. This card has the same limit as the parent’s main card. Parents can control the supplementary card limit and set a transaction limit to prevent college students from overdrafting.
It should be noted that the supplementary card is in the name of the main cardholder, and the consumption incurred will be repaid by the main cardholder, otherwise the overdue card will affect the credit of the main cardholder. .
Credit card limit, also known as credit card available limit, refers to the maximum amount that can be used by your credit card. It includes credit limit (that is, the maximum overdraft limit of a credit card) and the amount deposited into the credit card. .
The limit of any credit card depends on the effective income and asset security value provided by the individual during the application process.
The credit limit of a credit card is positively correlated with the applicant's income and secured assets, that is, the higher the income and secured assets, the higher the credit limit obtained. Therefore, applicants must provide proof of income, provident fund social security, and asset guarantee statements. Asset guarantees include fixed assets such as real estate and cars, as well as current assets such as savings and bonds.
1. Continuous and frequent card consumption
Persistence means that after you have a credit card, you must insist on long-term card consumption. It is best to have card consumption every month for more than three consecutive months. The quota is generated, don't use it for a period of time and then freeze it for a long period of time.
Frequency means to swipe your card wherever you can, no matter how big or small the amount is. The more times and merchants you use, the better. If you swipe your card all at once, it will be easy for the bank to think you are suspicious. , it is difficult to raise the quota.
2. Pay attention to the amount of credit card swiping and the temporary limit increase
Pay attention to the amount of credit card swipe and make full use of the temporary limit increase.
3. Persist in applying and seize the opportunity to apply
Persist in applying and seize the opportunity to apply, a two-pronged approach. For credit card users, you can insist on using the phone to apply for increasing the credit card limit, because different customer service or staff have slightly different attitudes and principles when processing applications in this area. Maybe they failed the previous one but passed the next time, and Keeping a record of your phone application will also help you apply for a quota increase in the future.
4. Use the threat of card cancellation or sleep suspension
Use the threat of card cancellation or sleep suspension. After you have made multiple applications and been rejected, you can consider using this trick. Just tell the bank's customer service or staff directly. If the credit card limit cannot meet the actual needs, they will consider canceling the card. It is best to show some In fact, of course, the attitude should not be too bad. It is best to be soft but hard, so that you can easily gain room for negotiation and maneuvering.
That’s it for the introduction to opening a credit card for students.