Customers who have never opened a credit card are usually called Baihu. Those who have never had any loans, credit cards, etc. and do not have any credit record in the bank are called white accounts. White households can apply for a credit card. A black credit card account refers to a person who has a record of arrears or overdue payment on a personal credit card, or has annual fees incurred due to failure to open or cancel a credit card in time, which will be listed as a bad record in the personal credit report and become a black credit card account.

Not only does it make it difficult to get a loan, but it also affects finding a job. Many government departments and financial institutions now require individuals to submit a copy of their credit report for reference during the recruitment process.