Age restrictions apply.
The credit card regulations and application agreements of the five major state-owned banks and 12 banks including China Merchants Bank, Shanghai Pudong Development Bank, China Guangfa, CITIC, Hua Xia, Industrial Bank, China Everbright, etc., have age requirements for main card applicants. 18 years old, the upper limit regulations are different. Only two banks, ICBC and Shanghai Pudong Development Bank, do not set an upper age limit.
Among other banks, China Construction Bank stipulates that the age of credit card applicants cannot exceed 70 years old. Four banks, including China Merchants Bank, Industrial Bank, CITIC and Everbright, all stipulate that the upper age limit of applicants is 60 years old. The other five banks stipulate that The upper age limit is 65 years.
Extended information:
There is no upper age limit for credit card applications
Both the China Banking Regulatory Commission and the Banking Association do not implement upper age limit management for credit card business, only lower limit management. Banks Blocking the elderly from credit cards is a voluntary regulation made for the convenience of internal approval. The reason is very simple: to control the risks of issuing credit cards. Since the health status, financial ability and consumption potential of the elderly are generally lower than those of young and middle-aged people, banks are worried that elderly cardholders will not be able to repay their loans, so they simply apply "one size fits all".
Elderly people who want to use a credit card but cannot apply for the main card themselves can consider supplementary cards. That is, their children can apply for the main card and then apply for the supplementary card for the elderly. The latter can also experience the convenient and fast credit card services. . Among the above-mentioned banks, only four banks - China Construction Bank, China Merchants Bank, CITIC and China Everbright - have set an upper age limit for supplementary card applicants, while other banks have no restrictions.
Hexun.com-China Merchants Bank and other 4 banks stipulate that the upper age limit for credit cards is 60 years old before you can apply for a supplementary card