Because the credit card application is approved by post, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from being stolen, credit cards have card opening procedures before they are officially opened. Card opening is mainly through telephone or internet. , check the relevant personal information provided at the time of application, and go through the card opening procedures after meeting the requirements. At this time, the applicant becomes the cardholder and can officially start using it after signing on the back of the card. After a credit card is opened, it is generally necessary to set a password for the card.
After accepting a credit card, a credit card merchant or bank shall review the validity of the credit card and the identity of the cardholder.
On April 5, 20 16, the central bank issued the Notice of the People's Bank of China on Matters Related to Credit Card Business, canceling the late payment fee for credit cards, introducing liquidated damages, and prohibiting the collection of over-limit fees. At the same time, the credit card overdraft interest rate, interest-free repayment period and minimum repayment amount were adjusted accordingly. The withdrawal amount of credit cards has also increased from 2,000 yuan per card per day to 1 1,000 yuan. The new regulations will take effect on 2065438+65438+ 10/day, 2007.
1. Cancel the late payment fee and introduce liquidated damages.
The "Notice" cancels the late payment fee, and the card issuer and the cardholder agree on liquidated damages; Cancel the over-limit fee and stipulate that the card issuer shall not charge interest on the service fee.
2. You can customize the credit card overdraft interest rate.
Credit card overdraft interest rate is subject to upper and lower limit management. The upper limit of overdraft interest rate is five ten thousandths of the daily interest rate, and the lower limit of overdraft interest rate is lowered by 30% on the basis of five ten thousandths of the daily interest rate. The calculation method of credit card overdraft interest, whether to calculate and pay interest on credit card overpayment and its interest rate standard shall be determined by the card issuer independently.
3. Interest-free repayment period and minimum repayment amount
The Notice cancels the existing provisions on the maximum term, minimum repayment amount and additional conditions of interest-free repayment period for overdraft consumption, which are determined by the card issuer independently according to commercial principles and the needs of cardholders.
4. The withdrawal amount is increased from 2000 yuan to 1 000 yuan.
The Notice optimizes the management mechanism of credit card cash advance business, and clearly stipulates the types of cash advance business such as cash withdrawal, cash transfer and cash recharge. The daily cumulative limit for cardholders to withdraw cash in advance through ATM is increased from 2,000 yuan to 654.38 yuan+0,000 yuan. Allow cash transfer and recharge to my bank settlement account and payment account.