Why do banks issue a large number of credit cards now?

Large domestic companies have gone bankrupt, and huge loan funds cannot be recovered; Alipay, WeChat... third-party order-taking institutions are seizing business opportunities; P2P financial institutions have high returns; Online Banking, Tencent Financial Empire, JD.com, Baidu Finance, as well as Wang Jianlin’s money... are all trying to get a piece of the pie! The banking industry is beleaguered on all sides...

(1) Benefits of issuing credit cards

Country:

1. Stimulate and promote the development of the national economy from the perspective of consumption;

2. Promote the rapid development of the financial industry;

3. Effectively slow down the loss of wealth caused by inflation and currency devaluation to the people.

Banks:

1. Effectively diversify the risks of bank loans;

2. Increase bank income.

Personal:

1. Interest-free use of credit cards;

2. Backup bank of personal funds; 3. Build personal credit value; 4. Credit card personal finance Function; 5. Other value-added service functions.

(2) Credit card repayment methods:

1. Full repayment method;

2. Installment repayment method;

3. Advance repayment method by others;

4. Cyclic repayment method;

5. Crowdfunding repayment method;

6. Amount increase Repayment method;

7. Comprehensive repayment method;

8. Other situations.

(3) Three elements for credit card application:

1. Different assets;

2. Different credit;

3. Repayment Differences in payment capabilities.

(4) Do not touch high-voltage wires when using credit cards:

1. Frequently overdue;

2. Illegal cash out;

3. Violation of regulations Using a card;

4. Malicious overdraft;

5. Credit card fraud.

(5) Highlights of the credit card market:

1. Low threshold for starting a business and large profits;

2. Credit services, credit card wealth management, financial services --- A high-level career;

3. Three-dimensional profit structure model;

4. It is an instrumental project that solves financial difficulties for individuals and teams;

5 , Strong compatibility with all walks of life, easy to form a team;

6. Strong revenue regeneration ability;

7. Large market demand space, which is an inevitable trend of development.

(6) Benefits and risks of bank cards, taking 100,000 as an example

Loan profit is 6,000/year, the risk is concentrated and uncontrollable;

Credit card profit is 9,000/year Risks are dispersed and controllable;

The promulgation and implementation of the Credit Information Law protects bank credit card products and regulates various bad behaviors in the use of credit cards based on the law. In 2016, credit cards worth RMB 4.3 billion will be issued one after another.

(7) Credit card - a bank in your pocket

Are we short of money or credit?

The essence of money is credit—how is credit established?

1. Lending and borrowing relationships occur frequently; 2. Credit must be used to have credit, and there will be no credit if it is not used. 3. Abide by the spirit of the contract;

4. Give others (banks) a positive impression; 5. Benefits

(10) Benefits that credit cards bring to us:

(1) Spend tomorrow’s money to do today’s things;

(2) Easy to carry, no need to carry a lot of cash;

(3) Spending points can be redeemed Gifts, get the "first pot of gold" in credit card financial management;

(4) Through monthly bank statements, understand consumption habits and consumption structure, and control consumption;

(5) Make reasonable use of the longest interest-free period of 51+ days and let the bank's money make money for us. This is the "second pot of gold" that credit cards bring us;

(6) The best tool for short-term financing ;

(7) Establish good personal credit and accumulate personal credit records;

(8) Pre-authorization is available, which is more convenient when staying in a hotel;