Credit card consumption has become a habit for many consumers and has gradually become a necessity in people's lives, because its convenient method has attracted the attention of cardholders. However, credit cards bring convenience to people, but there are still many loopholes in their use. These loopholes sometimes cause direct financial losses to cardholders, making cardholders worried.

The annual fee is charged even if the credit card has not been opened

It is mainly divided into two categories: First, the annual fee is still charged before the card is opened. Because many consumers cannot resist the temptation of gifts, they open excessive ones. credit card but it has not been activated. Second, since many cardholders hold credit cards from multiple banks, it is inevitable that they will make mistakes or forget to make payments.

There are also many cardholders who are very fond of the installment payment business launched by various banks. Some cardholders are attracted by the interest-free installment payment slogan promoted by the bank, but in fact, the installment payment is interest-free. It’s not free, and the actual handling fee charged is not lower than the interest at all.

The problem of credit card theft is serious

The phenomenon of credit card theft is now common and causes headaches for cardholders. The double standards of bank compensation also make cardholders miserable. It is understood that several banks such as Bank of Communications, China Merchants Bank, China Guangfa, China Everbright, and Hua Xia can provide lost card protection services. The maximum compensation for lost credit cards is 50,000 yuan. , the guarantee period can be up to 120 hours before the loss is reported. However, not all stolen credit cards are eligible for compensation. Many banks stated that only when the customer's credit card is stolen through signature authentication, the bank's loss protection can be enjoyed. However, the above services are not available if the customer's credit card is swiped using a password or cash is withdrawn. In addition, problems with credit card online transactions and telephone transfer transactions are also not covered.

The number of credit card issuances is rampant

The conditions for applying for credit cards by various banks are nothing more than the need to provide a copy of your ID card

< p>Choose one type of proof of employment, salary or business card and badge with photo. A good personal integrity record and the ability to repay are necessary basic conditions. However, in actual operation, due to the increasingly fierce competition in the credit card market, many banks turn a blind eye to the processing process. This results in the conditions for credit card processing being unduly relaxed or even unrestricted.