The credit card market has been "rectified"! The two new regulations introduced by the central bank concern 784 million cardholders

Many people say that banks are a "cash-rich" industry. According to the statistics of the central bank, there are about 4,6 banks in China, among which six state-owned banks are the most famous, and China Industrial and Commercial Bank is the "leader" in the industry.

According to Fortune published on August 2nd, China Industrial and Commercial Bank ranked 2th in the list of the world's top 5 companies with a revenue of US$ 182.8 billion. In addition, ICBC has been ranked first in the banking industry for nine consecutive years. Moreover, 1 banks in China * * * have entered the world's top 5, and all six state-owned banks are on the list.

Thanks to the booming banking industry, people now hold more and more bank cards. According to the data released by the central bank, by the end of 22, the per capita bank card will reach 6.4. However, everyone has more than six bank cards, but not all of them will be used, so many unused bank cards will become "idle cards", that is, "sleep accounts".

In this regard, major banks held a clean-up activity for "sleep accounts" in July, so as to control the number of "idle" bank cards and avoid the telecom risks brought by too many bank cards to society and individuals. Of course, in addition to controlling the number of bank cards, banks also launched a "rectification" of the credit card market.

The number of credit cards issued reached 784 million

By the first quarter of 221, the number of credit cards issued by banks had reached 784 million, accounting for almost half of the total population. In other words, half of the country's 1.4 billion people already have credit cards. It is not without reason that credit cards are issued in large quantities. As we all know, credit cards can use overdraft function, which is undoubtedly the best payment choice for many young people whose consumption desire is "inflated".

However, the overdraft limit of a credit card is not unlimited. According to the data of the central bank, the average credit for each card is 25, yuan. But you know what? The credit card debt that has been delayed for half a year has reached 89.22 billion yuan, a year-on-year increase of 6.39%.

so what happens if you can't pay back your credit card? Seriously, it is certain that the untrustworthy person who has been "maliciously defaulted" on the credit card by the bank will not only constitute fraud, but will also be punished according to law. Even, some people have applied for "personal bankruptcy" because they can't pay off their credit card debts.

China's first personal bankruptcy law was officially promulgated on March 1st, 221. According to the statistics of Shenzhen, among the 26 bankruptcy cases filed in the first month, 9.9% of them could not pay back due to excessive credit card debt. As a debit card circulating in the society, the emergence and popularization of credit cards can simplify the payment process of consumers, but the risks brought by them need to be paid attention to.

Because a large proportion of overdue loans will lead to the rising non-performing loan ratio of banks, China Banking and Insurance Regulatory Commission said that the non-performing loan ratio was 1.86% in the first half of the year and will further increase in the second half. In this regard, for credit cards, the central bank issued new regulations. From 221, there are two new regulations for credit cards.

The new regulations on credit cards concern 784 million cardholders.

The new regulations of the central bank are divided into two aspects, the first one is "canceling the upper and lower limit of overdraft interest rate" and the second one is "overdraft interest rate for using cards". Before the release of the new regulations, the overdraft interest rate of credit cards not only has a prescribed upper and lower interest rate limit, but also the overdraft interest rate will not be fully disclosed, which may bring a lot of trouble to depositors.

in the past, the bank stipulated that the interest rate was the lower limit of the upper limit of .5% and the upper limit of 7% respectively, but in 221, in order to better protect the rights and interests of depositors, this provision was cancelled, in other words, the overdraft interest rate of credit cards will be negotiated between cardholders and banks in the future.

In response to this regulation, experts in the industry said that when the central bank "loosens" the upper and lower limits, it will bring new competitiveness to small and medium-sized banks that are also at a disadvantage in the field of storage, and the "differentiated pricing" of banks will become the general direction of banking rectification in the future. For example, for customers with excellent credit, the interest rate will be lower, while for users with poor credit, the interest rate will be higher.

the second regulation, "overdraft interest rate of credit cards", is easy to understand, that is, the overdraft interest rate of credit cards is publicized to the majority of depositors, and the bank should update the interest rate data in real time so that depositors can understand it more intuitively.

The advantage of this is that depositors can realize how much interest will be generated after the credit card is overdue, so that cardholders can use it carefully and repay it on time, which has a certain binding effect on both banks and depositors. Moreover, in addition to the above two new regulations, in 221, major banks have issued documents one after another, which will further strictly control the use of credit cards.

In other words, the risk control of credit cards has been upgraded. If they are used illegally, the transactions of cardholders will be restricted, and businesses such as installment and new cards cannot be handled. Some banks have even added "merchant blacklists" to prohibit illegal users from trading.

So, in the future, when you use credit cards, you must repay them within the specified time, and don't use credit cards illegally to "cash out" or other illegal transactions, which will bring you some trouble, right?

With the official action of the central bank, credit card consumption has ushered in a "major rectification", and more attention should be paid to two new regulations

With the continuous development of China's economy, people's consumption level is also rising. At the same time, many banks have also launched the business of handling credit cards. There may be many people who are no strangers to credit cards, and they may even have several credit cards in their hands. The essence of credit card is to spend in advance. Before, people's consumption concept was to spend less and save more. The advantage of this consumption concept is that everyone has more or less some savings in their hands, but when they meet some emergencies, their savings are often not enough. At this time, it is necessary to have a stable channel to borrow money. In this demand, credit cards are produced.

In fact, except for a few people who really need money badly, more young people apply for credit cards because they can spend ahead of time to satisfy their shopping wishes. It coincides with the prevalence of consumerism. It is very likely that you bought a lipstick today, want to buy a mobile phone tomorrow, and want to travel with friends soon. Spending money like water, is it true that young people are rich now? The answer is no, behind these chic expenses, there are still unclear flowers and borrowings.

In today's era, people are restless. There are more and more people who spend ahead of time, which leads to many people who rely on borrowing money to live, but at the same time, it also brings business opportunities to many people. Various lending platforms have sprung up like mushrooms after rain, which continuously lower the threshold of lending and slow down the repayment speed of borrowers. Many people think that this is their own bargain, but in fact it is not the case, and finally they realize that they have made a big disaster. The repayment like a bottomless pit gradually dragged their economic level into the abyss.

the increase of overdue credit cards will lead to an increase in the bad debt rate of banks, which will definitely be detrimental to the healthy development of credit card consumption. In order to improve this situation, the central bank has taken some measures to limit the occurrence of similar situations. Among them, it has been clearly stated in the latest notice of the central bank that the management of the upper and lower limits of credit card quota will be revoked from 221, and the replacement is that cardholders can negotiate the overdraft interest rate with the issuing bank on their own.

this provision is undoubtedly a boon to hundreds of millions of credit card holders in China. Because if only the upper and lower limits of the credit card limit are cancelled, it is likely that some people will fall into the routine of issuing banks. It is precisely because of this concern that the central bank stood up and said that credit card holders can negotiate with banks about the overdraft interest rate of credit cards in the future.

under the current situation, many banks have issued rigid requirements for credit card issuance and activation. This has led many bank staff to sell credit cards to people. Obviously, credit cards are not borrowed but not repaid. After all, banks are not charities, and profit is their main concern. The annual fee of credit card and the interest generated by overdue installment are all sources of income for banks. Similarly, it is precisely because of the extra interest every day that many people repay their loans like a bottomless pit.

no matter whether it is installment or overdue, it will generate certain interest, and in the previous management, the upper and lower limits of the interest rate of credit cards were limited. However, because the setting of interest rates is not arbitrary, if there is no limit on the upper and lower limits of interest rates, it is likely that some banks will raise interest rates instantly and charge more interest. At the same time, it is also possible that some banks deliberately set interest rates very low, thus triggering vicious competition in the entire lending market.

therefore, in order to regulate the lending market, CCTV has introduced relevant regulations. However, the current regulations do not give each bank a specific requirement, but allow them to negotiate interest rates with cardholders on their own. This will make the bank's self-reliance bigger, and at the same time, it can regulate the interest rate of credit cards more reasonably and control it in the most suitable scale for the bank. So this decision is also very happy for many customers, and for those who have to use credit cards for emergency or investment, interest reduces their costs.

At the same time, the central bank also adheres to the principle of openness and transparency, and clearly points out that all card-issuing institutions should disclose the overdraft interest rate and related information of their bank credit cards to the public in a timely and complete manner. And when signing the credit card agreement, it is necessary to write it clearly, without any cover-up, to ensure that the cardholder opens the card after knowing all the circumstances.

The significance of this policy is not insignificant, because in the past, some credit cards used very low daily interest rates to attract customers, but low daily interest rates do not mean low annual interest rates, or even higher. If the agreement is signed rashly without knowing the details, the cardholder will pay a lot of interest, which is very unfair to the cardholder.

The central bank has taken great action, and the credit card market has ushered in new regulations, and two major problems will be strictly rectified.

In current life, people are increasingly using credit cards, flower buds, borrowing buds and JD.COM white bars in advance. Many people can still spend money even if they don't have any money, which is inseparable from early consumption. The popularity of consumption in advance has helped people to solve the problem of urgent need for money to a certain extent, but it has also brought many new problems to the society. Among them, it is more obvious that young people spend a lot of money and can hardly save money in their hands.

For China people, saving money is very important. After all, people will choose to deposit money in the bank. After all, they have food in their hands, but they don't panic. With the popularization of early consumption in the West, young people's consumption concept has changed greatly. People are more and more dependent on credit cards, and most young people also have the habit of excessive consumption, which seems to be developing in a bad direction.

In fact, from the perspective of the initial birth of credit cards, the country set up credit cards mainly to solve the problem that people need money urgently in a short time. However, with the development of the times, people's consumption concepts are different. So far, more and more people rely on consumption in advance. In addition to their salary, they have to overdraw a lot of money every month, such as flowers and credit cards. Nowadays, almost all young people have a credit card, and some even have several credit cards.

According to statistics, at present, there are 766 million people in China who have credit cards and debit cards, which is equivalent to .55 cards per capita based on the total population of the country. The existence of credit cards does have certain benefits, and as long as they can be repaid normally, it is equivalent to someone lending money to themselves for free, which plays a great role in our lives. However, there are certain restrictions on the use of credit cards, mainly for credit card consumption. If you want to use credit cards to withdraw cash, you need to pay a certain fee.

During the epidemic last year, for half a year, many people had almost no income, and many people had to use credit cards to make ends meet, but this also created a problem, that is, credit card repayment was overdue. In today's life, China's credit card overdue has entered a "peak period". By the end of 22, the overdue rate of credit cards increased by 7%, and the total overdue amount of credit cards reached 92 billion yuan. It can be said that credit cards have brought great convenience to our lives, but at the same time, they have also brought a lot of "bad debts" and brought certain risks to banks.

The existence of credit cards is mainly to satisfy people's consumption concept. There are certain restrictions on the use of credit cards. Many people think that credit cards can play a greater role and begin to use routines to "withdraw cash". Many consumers and some gray businesses want to cooperate and use the credit card limit as cash. However, this behavior is illegal. Although there is a certain cash withdrawal limit for credit cards, it is illegal to make "false transactions" to cash out. Once discovered, it will be dealt with seriously.

as we all know, banks attract users to run credit cards in order to gain more profits and more users, but the phenomenon of overdue repayment has brought great risks to banks. In order to promote the stable and healthy development of the credit card market, the central bank issued the Notice of the People's Bank of China on Promoting the Market-oriented Reform of Credit Card Overdraft Interest Rate, which clearly pointed out that two major problems should be strictly rectified, which is related to 766 million credit card holders.

question 1: remove the upper and lower limits of the overdraft interest rate of credit cards

under the previous regulations, the overdraft interest rate of credit cards has upper and lower limits, in which the upper limit of overdraft is five ten thousandths of the daily interest rate and the lower limit is .7 times of the daily interest rate. The bank cancels the upper and lower limits of the credit card overdraft interest rate, and the cardholder can negotiate with the bank to set the credit card debt interest rate independently. Of course, this also means that the bank credit card interest rate can be independent.

Of course, many people worry that when banks can set their own overdraft interest rates, will the era of high interest rates come? In fact, this is not the case. In this case, some banks will hardly raise the interest rate ceiling to earn more profits. This kind of worry is completely unnecessary, because the competitive pressure of banks is very great now, not only facing the competition among banks, but also facing the competition of online financial platforms. Therefore, in order to attract customers to choose their own credit cards, they can attract customers by lowering the overdraft interest rate of banks.

In addition, the downward adjustment of bank credit card overdraft interest rate will also bring a certain impact to peer-to-peer lending platform. In people's minds, people have more trust in banks, and lifting the upper and lower limits of credit card overdraft interest rate can make users pay more interest unnecessarily to solve their own problems.

question 2: transparency of bank credit card overdraft interest rate

banks should be open and transparent about the credit card overdraft interest rate and display the annual interest rate to cardholders in a visual way, so that cardholders can choose banks with lower interest rates more easily and save themselves a sum of interest money. Of course, this is not a big deal for ordinary cardholders, but it is a big deal for those who have difficulty repaying their credit cards.

In the future, if the cardholder fails to repay the loan within the time limit, he can negotiate with the issuing bank to avoid bad debts caused by non-payment, which is beneficial to both banks and individuals. For that