The dangers of co-branded credit cards are: 1. It is easy for users to make blind purchases. The co-branded credit card will only be repaid the month after the consumption in the current month, which may cause users to forget the consumption limit, resulting in overdue phenomena; 2. Co-branded credit cards It is easy to be stolen after being lost, and it is inconvenient to go to a designated bank to report the loss. 3. There is a handling fee when users mistakenly deposit money to a joint credit card and then withdraw it.

What are the dangers of co-branded credit cards

Co-branded credit cards usually refer to a type of credit card launched by a strong cooperation between banks and merchants. In the early stage of promotion, new users can enjoy the double benefits provided by both parties. This alone makes it more attractive than standard cards independently issued by banks. Moreover, co-branded credit cards will have a higher purchase rate, more benefits, more activities, and it will be easier to increase the limit. Supermarket co-branded cards, such as RT-Mart, Wal-Mart, Suning, China Resources Vanguard, Hema and other shopping malls, supermarkets and banks jointly launch credit cards, such as Bank of Shanghai Hema Xiansheng co-branded credit card, etc. Travel co-branded cards, with the continuous development of the tourism industry, major banks have begun to cooperate with some travel platforms to launch corresponding credit cards, for example, Minsheng Bank Tongcheng Travel Co-branded Card, Everbright CYTS Travel Travel Co-branded Card, etc.