According to Article 57 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, the issuing bank shall clearly stipulate in the credit card collection contract (agreement) the specific operation process of repaying credit card loans with the relevant assets of the cardholder, and shall not directly offset the credit card receivables with the assets of the cardholder without the authorization of the cardholder. Unless otherwise stipulated by national laws and regulations.
When the issuing bank receives the repayment from the cardholder, it will repay all the debts in its credit card account in the following order: if it is overdue for 1-90 days (inclusive), it will repay the interest or expenses first and then the principal; If the overdue period exceeds 9 1 day, the principal shall be repaid first, and then the interest or various expenses shall be repaid.
Extended data:
Measures for the supervision and administration of credit card business of commercial banks Article 61 The issuing bank shall provide reconciliation services. The statement should at least include the transaction date, transaction amount, transaction currency, name or code of the transaction merchant, repayment amount in the current period, minimum repayment amount in the current period, due repayment date, matters needing attention, service telephone number of the issuing bank and other elements. The specific form of reconciliation service shall be agreed by the issuing bank and the cardholder.
When the issuing bank provides the cardholder with service vouchers such as statements, it shall partially block the credit card number and shall not display complete card number information. Except for the business vouchers printed by the bank counter for business.
Baidu Encyclopedia-Measures for the Supervision and Administration of Credit Card Business of Commercial Banks