on April 15, 216, 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 have been adjusted accordingly. The withdrawal amount of credit cards has also increased from 2, yuan per card to 1, yuan per day. The new regulations will be officially implemented on January 1, 217.
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 the 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
The upper limit and lower limit of the credit card overdraft interest rate are managed. The upper limit of the overdraft interest rate is five ten thousandths of the daily interest rate, and the lower limit of the overdraft interest rate is lowered by 3% on the basis of five ten thousandths of the daily interest rate. The method of calculating and settling interest on credit card overdraft, 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 period, minimum repayment amount and additional conditions of interest-free repayment period for overdraft consumption, which are determined by the card issuer independently based on commercial principles and cardholder needs.
China's legal system has gradually matured, and various laws and regulations have emerged with the needs of social development and economic construction. However, the legislation on credit reporting is still lagging behind. The promulgation of the Regulations will fill the gap in China's credit reporting legislation and is of great significance to promoting the healthy development of China's credit reporting industry. Some netizens have suggested that once the Regulations on Credit Information Management is passed, its contents and provisions can become the legal basis for court decisions, which indicates that China's credit information legislation has entered the fast lane.
Credit investigation can restrain the behavior of enterprises and individuals from the system, which is conducive to the formation of a good social credit environment. However, China has advocated the virtue of honesty and trustworthiness since ancient times, and promoted the formation of the concept of honesty through moral criticism. Honesty is a kind of social morality, a basic principle of dealing with people.
Honesty and trustworthiness are indispensable virtues for enterprises and individuals. Shanxi merchants and Huizhou merchants, who once dominated Chinese commerce for hundreds of years, can rise to the top, and one core is to establish the business concept of "honesty-oriented".