Legal Analysis: The latest policies on interest suspension and suspension of credit cards of major banks

1. Shanghai Pudong Development Bank Credit Card: Interest suspension installments of 6 to 60 installments! Generally there is a reduction or exemption, especially for those with universal funds Account deductions are strong.

2. China Everbright Bank Credit Card: Interest-free installments ranging from 6 to 60! Everbright Bank’s processing efficiency has become higher recently.

3. China Merchants Bank Credit Card: Interest-free installments of 6 to 60 installments! China Merchants Bank’s processing speed has been accelerated, and it is generally accepted, but there is almost no reduction or exemption.

4. CITIC Bank Credit Card: Interest-free installments of 6 to 60 installments! Most commonly, a down payment of 5%-10% is required, but some do not require it.

5. Bank of Communications Credit Card: Interest-free installments of 6 to 60 installments! The characteristic of Bank of Communications is that small amounts can be divided into multiple installments, and you only need to pay back a few hundred yuan each month.

6. Industrial Bank Credit Card: Interest-free installments of 6 to 60! The processing speed is relatively fast, and the number of installments given is relatively long.

7. Hua Xia Bank Credit Card: Interest-free installments range from 6 to 60! The processing speed is relatively slow and the number of installments is quite satisfactory.

8. Minsheng Bank Credit Card: Interest-free installments of 6 to 60 installments! Minsheng Bank is the slowest bank. The latest new regulations require that you must be overdue for 3 months before you can negotiate.

9. China Construction Bank Credit Card: Interest-free installments of 6 to 60 installments! The speed is slow and the number of installments is not high.

10. Industrial and Commercial Bank of China Credit Card: Interest-free installments of 6 to 60 installments! The speed is slow and the number of installments is not high.

11. Agricultural Bank of China Credit Card: Interest-free installments range from 6 to 60! You must be overdue for more than 4 months before you can apply, which is slow.

Legal basis: "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" Article 70: Under special circumstances, it is confirmed that the amount of credit card debt exceeds the cardholder's ability to repay, and the cardholder is still willing to repay. Yes, the card-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement. The maximum period 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 The cardholder shall not apply for a credit card commitment from any bank before all amounts related to the personalized installment repayment agreement have been settled;

(5) Rights, obligations and liability for breach of contract of 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.