In the past two days, a message has been circulating in WeChat Moments, "Everyone with a credit card must read, the new central bank regulations!" "Don't look at losses", the article stated that the People's Bank of China began to rectify credit cards in 2015, and UnionPay is also preparing to introduce new policies. The number of credit card swipes per month is less than 10, or the amount of a single swipe is more than 90% of the limit. Three consecutive month, the card will be automatically reduced by 80% by the People's Bank of China system. The second time this happens, the card's consumption function will be suspended. If you swipe at a POS machine with no points or no rates three times in a row, the card will be blocked or the limit will be reduced to 1 yuan, the credit record of the cardholder will also be affected. ”

For a time, friends in the circle of friends forwarded the complaint one after another: I have several cards, some of which are not used much. If the balance is reduced because of the few card swipes, or it affects your credit record, Wouldn’t that become a burden?

However, yesterday afternoon, I interviewed ICBC, Agricultural Bank of China, Ping An, Postal Savings Bank, Jinhua Bank and other banks, and asked China UnionPay for confirmation. No relevant restrictions have been introduced, and no relevant notifications have been received.

“No matter how many transactions you make each month or how much credit you use, as long as you repay on time, there will be no reduction in credit limit under normal use of the card. situation occurs. "A staff member of the ICBC Credit Card Center said that consumers are advised to refer to official information and not easily believe in rumors on the Internet.

A staff member of a certain bank also said that this was also reported in WeChat Moments before. Banks have publicly denied this news. For some reason, the rumor has been spreading privately.

Generally speaking, I learned from many banks that there is no relationship between the credit card limit and the number of credit card swipes. The overdraft limit of a bank credit card is mainly determined by the bank's assessment of the cardholder's financial credit status.

If the cardholder's consumption and repayment status are good, the limit will be continuously increased; If the cardholder's financial situation deteriorates and his repayment record is poor, the credit card limit will be reduced.

So, what will be the impact on the number of credit cards? We understand that some credit cards with higher credit limits, VIP cards, and platinum cards. etc., the bank will charge a certain annual fee. If the number of purchases or the limit of a card does not meet the specified requirements, the bank may charge the cardholder an annual fee, which may exceed a thousand yuan.

“If you use your credit card to cash out illegally and are detected by the system, your credit card limit may be reduced. This is just a penalty imposed by the bank for suspected credit card arbitrage. If the amount of cash withdrawn is large, it will not only affect your personal credit record, but also the bank may directly suspend the card. In serious cases, you may be held criminally responsible. "A staff member of Ping An Bank told reporters.

He said that the illegal use of credit cards to cash out is now serious, and the bank has a system in the backend to automatically detect cash out situations. The characteristics of cash out are generally very obvious, and some are repeated over and over again. Paying large sums of money on a POS machine, or being stuck with the 50-day interest-free payment period every month, etc.

Regarding the credit limit issue, I also learned from industry insiders that in Japan, The credit limit will increase with a good consumption record, but if the credit card is not used for a long time, it will face the risk of being deactivated. In Australia, some users will actively lower their credit limit because of the loan to buy a house. The user's credit limit will be treated as a liability to evaluate the repayment ability.