The number of credit card issuances has continued to grow in recent years, which brings a lot of convenience to users' consumption. However, while the number of credit card issuances continues to grow, the non-performing rate is rising in many areas. According to news reports, the credit card non-performing rate in some first-tier cities has exceeded 4%, which brings uncertainty to the future development of credit cards.

The rise in the credit card non-performing rate has put a "red light" on bank credit card business. In the third quarter of 2018, the total outstanding credit of bank credit cards in the first half of the year disclosed by the People's Bank of China exceeded 88 billion yuan, accounting for the total amount payable. 1.34% of total credit.

On January 30, 2019, China UnionPay also released a set of data, showing that in 2018, the credit card non-performing rate in Tianjin, Chongqing, Liaoning and other regions has exceeded 4%. At the same time, the defective rate in Sichuan, Beijing and other regions is close to 4%. Such a high non-performing rate may lead banks to make adjustments in their credit card business.

According to data from the central bank, as of the end of the third quarter of 2018, the total number of credit cards issued was 659 million, an increase of 3.36% from the previous quarter. When it comes to issuing credit cards, many people choose to apply online, and it has become the mainstream way for users to apply for credit cards. Moreover, the number of credit cards per capita in first-tier cities is comparable to that of developed countries.

The increase in credit card issuance can reflect changes in people's consumption habits. Moreover, more and more people like to have overdrafts, and they can also purchase goods after their credit card is bound to a third-party payment platform. It brings great convenience to users.

In the future, the number of credit card issuances will not be able to maintain an accelerated growth rate. After the number of card issuances declines in the future, the bank's credit card business will gradually differentiate, and the credit model and customer base advantages will be reflected in asset quality. . After stabilizing high-end customers, the bank will then explore the low-end customers, and at the same time, the marketing channels may be more diversified.