What are the requirements for applying for a credit card?
1. There are certain age requirements for applying for a credit card: you must have full civil capacity, that is, 18 years old and above;
2. Have legal and stable income and good credit;
3. Provide corresponding identity documents: copy of ID card or military officer's certificate;
4. Work certification documents. Some banks also require proof of income and financial resources. Proof of financial resources can include a copy of the real estate certificate, a copy of the motor vehicle driving license, a bankbook, etc. Anyway, the proof of financial resources depends on the individual's repayment ability, which is easier to handle;
5. The proof of residence can be a copy of the household registration book, or a certification document issued by the street, or other certification materials. This is easier to do;
6. There is also an application form for applying for a credit card.
Legal basis:
Notice of the People's Bank of China on matters related to credit card business: Bank card clearing agencies should work with card issuers and acquirers to strictly follow the relevant regulatory regulations on bank card business. Further improve the rules and technical standards for credit card transactions. Each card issuer and acquirer should truly reflect and accurately identify business types such as cash withdrawals, cash transfers, cash recharges, etc., completely transmit transaction information, and ensure the authenticity, completeness, traceability and consistency of transaction information in the payment process. , to facilitate card issuers to identify and judge risks and ensure the safety of credit card transactions.
Article 35 of the "Commercial Bank Law of the People's Republic of China": Commercial banks shall strictly examine the borrower's purpose of borrowing, repayment ability and repayment method when granting loans.
Commercial bank loans implement a separation of review and loan approval and a hierarchical review and approval system.
Article 36 of the "Commercial Bank Law of the People's Republic of China": For commercial bank loans, the borrower shall provide guarantee. Commercial banks should strictly examine the repayment ability of the guarantor, the ownership and value of the mortgage and pledge, and the feasibility of realizing the mortgage and pledge.
After review and evaluation by a commercial bank, it is confirmed that the borrower has good credit and is able to repay the loan, and no guarantee is required.
Article 37 of the "Law of the People's Republic of China on Commercial Banks": A commercial bank shall enter into a written contract with the borrower when granting loans. The contract should stipulate the type of loan, purpose of loan, amount, interest rate, repayment period, repayment method, liability for breach of contract and other matters that both parties deem necessary to agree upon.
What standards are Bank of China credit cards based on?
Bank of China credit card approval rules:
Bank of China will determine whether you meet the card application conditions based on the personal financial certificate and comprehensive credit status you submitted when applying for a credit card. In the end, please submit the actual The approval result shall prevail.
The above content is for your reference, please refer to actual business regulations.
If you have any questions, please feel free to consult Bank of China’s online customer service.
You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.
What are the requirements for applying for a credit card?
To apply for a credit card, you need to meet the following three conditions:
1. Age requirement: Generally, you must be over 18 years old. Citizens, you will need to submit proof of identity.
2. Have stable repayment ability: You are generally required to provide proof of employment and income. In order to increase the application success rate and credit limit, it is generally recommended to provide proof of owned property, owned vehicle, bank Proof of assets, etc. Each bank has different standards for issuing cards. It depends on the bank's requirements.
3. Good credit status: This means you are required to have no bad credit record. The bank will check this condition on its own.
Credit card application process:
Credit card applicants can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank.
The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.
The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of certificates and certificates for issuance. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a contract for using the credit card, the applicant authorizes the issuer or relevant departments to investigate its relevant information, and submits a statement on the authenticity of the information, the issuer's privacy policy, etc., and must have the applicant's signature.
Information
(1) Information of the principal cardholder.
(2) Supplementary card applicant information.
(3) Guarantor’s information.
(4)Other information.
(5) Statement and signature of the principal card applicant and supplementary card applicant.
(6) Bank special column.
Review
After receiving the application form and relevant materials from the applicant, the card-issuing bank must review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. For the applicant, the creditworthiness of the applicant must be assessed. For individuals, the relevant circumstances of the guarantor must also be reviewed.
Usually, banks will judge whether to issue a credit card to the applicant based on the application information and various aspects of the applicant's information and financial situation. Factors considered include the applicant's past credit record, the applicant's known assets, professional characteristics, etc. The specific factors and process of issuance review are commercial secrets and are generally difficult for outsiders to understand. The standards of each issuance are also different. Therefore, the same material may be issued by different banks with different credit limits and different types of credit cards. Some banks may even approve the application while others may reject it.
Card Issuance
After the applicant successfully applies for a credit card, the cardholder will open a separate credit card account at the card-issuing bank for settlement after shopping, consumption and cash withdrawal.
Card opening
Since the credit card application is sent by mail, etc., there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched. Card opening is mainly done by phone or online.
What are the review conditions for bank credit card review?
If you are applying for a China Merchants Bank credit card, the most important condition is to have a stable job and income. The necessary application documents are a copy of your identity certificate and a work certification document. If you can provide other financial support documents, This will help us better understand your personal situation and determine your credit limit. The credit card application review is comprehensively evaluated by the system. During this period, we refer to many factors, such as age, job stability, income, personal credit and other aspects.
What conditions are required before the bank will approve the application for a credit card?
The conditions required for applying for a credit card at major banks are different. Take China CITIC Bank Credit Card as an example:
1. CITIC Bank credit card application conditions:
1. Age requirements: Domestic residents must be between 18 and 65 years old, and foreigners must be between 25 and 65 years old;
2. Job requirements: Have a stable workplace, income and fixed residence;
3. Credit requirements: No bad credit record (how to establish a good credit record).
2. CITIC Bank Credit Card Application Materials
Bank credit card application materials vary depending on the applicant’s conditions and the card being applied for. Applicants are free to choose the appropriate application based on their own circumstances. material.
Extended information
Review
After receiving the application form and relevant materials from the applicant, the card-issuing bank must review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. For the applicant, the creditworthiness of the applicant must be assessed. For individuals, the relevant circumstances of the guarantor must also be reviewed.
Usually, banks will judge whether to issue a credit card to the applicant based on the application information and various aspects of the applicant's information and financial situation. Factors considered include the applicant's past credit record, the applicant's known assets, professional characteristics, etc. The standards of each card issuing bank are different. Therefore, the same materials may be issued with different credit limits and different types of credit cards in different banks. Some banks may even approve the application, while others may reject it.
Baidu Encyclopedia - CITIC Bank Credit Card
Baidu Encyclopedia - Credit Card
What are the review standards for credit card limits?
1. Marital status : In the simulated review system of some banks, if other conditions remain unchanged, married people can get a whole level of credit improvement than unmarried people, because people with families are more stable.
2. Technical title and working status: Technical title is a testimony of the customer's working ability. For example, if engineers, economists, accountants, outstanding teachers, and lawyers of all levels become borrowers, their integrity will be higher. ;Similarly, if the credit card user is engaged in a more stable industry, such as civil servants, doctors, power systems and other industries, they will be more favored by banks, and their credit rating will be improved according to the level and years of work.
3. Financial ability: The unit’s personal income certificate is a strong evidence that can show the cardholder’s income expectations and whether the income is stable. If they are employees in high-income industries, they will be included in the rating. Adding more points every time will naturally be beneficial to increasing your quota.
Credit card limit, also known as credit card available limit, refers to the maximum amount that can be used by the credit card you hold. It includes the credit limit (that is, the maximum overdraft limit of the credit card) and the amount deposited into the credit card. The credit card limit will be reduced with each consumption and restored with each repayment.
Credit card limit, also known as credit card available limit, refers to the maximum amount that can be used by your credit card. It includes credit limit (that is, the maximum overdraft limit of a credit card) and the amount deposited into the credit card. .
The limit of any credit card depends on the effective income and asset security value provided by the individual during the application process. The credit limit of a credit card is positively correlated with the applicant's income and secured assets, that is, the higher the income and secured assets, the higher the credit limit obtained. Therefore, applicants must provide proof of income and statements of asset security. Asset guarantees include fixed assets such as real estate and cars, as well as current assets such as savings and bonds.
Note: The credit card limit will be reduced with each consumption, and will be restored with each repayment.
This concludes the introduction to credit card review standards and credit card application standards. Have you found the information you need?