1. How long is the validity period of a credit card?

1. The validity period of a credit card is generally between 3 and 5 years. If it is a new card, the validity period is 3 years. If it is renewed upon expiration, Cards are generally valid for 5 years. After the expiration date, the credit card cannot be used. If you want to continue using it, you can contact the bank to replace it with a new card. The new card can only be used after activation. After activation, the billing date and repayment date will not change, and the functions of the original card will be inherited.

2. Legal basis: Article 70 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks"

In special circumstances, it is confirmed that the amount of credit card debt exceeds the cardholder's repayment ability, And if the cardholder is still willing to repay, the card-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement. The maximum term of a personalized installment agreement shall not exceed 5 years.

The contents of the personalized installment repayment agreement should at least include:

(1) Arrears balance, structure, currency;

(2) Repayment Period, method, currency, date and repayment amount of each period;

(3) Whether annual fees, interest and other fees will be charged during the repayment period;

(4) Holding Cardholders shall not apply for a credit card commitment from any bank before all amounts related to the personalized installment agreement have been settled;

(5) Rights, obligations and liability for breach of contract by both parties;

If both parties reach an agreement and sign an installment repayment agreement, the card-issuing bank and its card-issuing business service agency shall stop collecting payments from the cardholder, unless the cardholder fails to fulfill the installment repayment agreement. If an oral repayment agreement is reached, the card-issuing bank must retain the recording materials. The recording data will be retained at least until the date of settlement of the debt.

2. What conditions need to be met to apply for a credit card

To apply for a credit card, the following conditions need to be met:

1. The applicant must be over 18 years old;

2. The applicant should have a job and stable income;

3. The applicant's personal credit report should meet the requirements of the credit card center;

4. The applicant There should be a fixed place of residence.