Hello, as a so-called old man who has been engaged in the financial industry for more than ten years, futures Xiao Chu is a national financial planner. He started with his first credit card in 26, and at most he has more than a dozen credit cards. He is a standard credit card expert with more than ten years of experience in using credit cards. Let's briefly answer this question.

First understand the concept of credit cards.

Credit cards stipulated by relevant laws in China refer to those issued by commercial banks or other financial institutions.

a credit card, also known as a debit card, is a credit certificate issued by a commercial bank or credit card company to a consumer with qualified credit. It is in the form of a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment will be made on the billing date.

Secondly, understand the reason why "a large number of young people form a credit card debt crisis"

Under normal circumstances, credit cards have many advantages, such as emergency and interest-free consumption, and they are also a symbol of a person's credit. However, with the post-9s young people becoming the mainstream group of social consumption, all this has changed, and credit cards have gradually become synonymous with "advanced consumption".

according to the latest data released by the central bank, the bad debt rate of bank credit cards reached a record high last year. Among them, Shanghai Pudong Development Bank has been "unable to stop the car" for two consecutive years, and the bad debt rate has risen rapidly. We must pay attention to this phenomenon, because the high bad debt rate is a very dangerous situation.

what is even more worrying is that many young people have become the main force of credit card debt. Because the consumption concept is still immature, it leads to blind consumption and advanced consumption. In addition, income is disproportionate to consumption, which eventually leads to a substantial increase in credit card debt. And a large number of young people are burdened with credit card debts, which is actually tantamount to greatly overdrawing the endogenous driving force for the future development and growth of the country.

Especially for the post-9s generation, if borrowing money is used for reasonable consumption, there is nothing to say. However, most post-9s groups have actually formed the bad habit of spending ahead of time. For example, some post-9s people may have just joined the work, and their monthly salary is only about 3, yuan, but they use credit cards and other lending products to buy a 1,-yuan bag and electronic products. There are also some post-9 s who think they are smart, robbing Peter to pay Paul, using flowers to pay back the loan, using the loan to pay back the credit card, and so on, which eventually caused a vicious circle.

Thirdly, let's return to the topic "A large number of young people are in debt crisis, but banks are still selling credit cards crazily. What do you think?"

The increasing use of credit cards has both advantages and disadvantages for young people. The consumption mode of credit cards has been deeply rooted in the lives of our younger generation, symbolizing the new era and new life. This new consumption mode has brought a lot of convenience and may also bring a lot of burdens. If there is improper use or overuse, it will bring a certain burden to yourself, which may make the pressure that can be withstood worse; If used correctly, it will bring positive effects and make life better. Therefore, it is necessary to analyze and understand from the opposite side.

banks promote credit cards because they are related to performance. If banks successfully sell credit cards to customers, their performance will increase accordingly.

For banks, it also increases the use probability for consumers to apply for bank cards. After all, there are many credit card activities, and there are often points in exchange for gifts, and these activities will also lead consumers to spontaneously recommend to their surrounding friends, which will invisibly increase the consumer base. Moreover, for the convenience of repayment, many people often link the bank's debit card to make automatic repayment. The debit card money belongs to the consumer's savings deposit. In this way, consumers' money will basically exist in debit cards and become active users of banks. For banks, deposits are also one of the important sources of profits for banks, and many financial activities of banks are based on deposits.

In an epidemic, a large number of young people had a credit debt crisis, and major banks also issued policies one after another to withdraw funds. The result can be imagined! Bad debts are increasing! National policy prohibits usury, but at present, various campus loans and cash loans are still emerging one after another. In December 219, credit cards adjusted their repayment policies, and major banks also adjusted their policies. I believe that many small partners have more than one credit card in their hands, but they are facing overdue, and all kinds of collection calls will make people very upset. Banks face so many overdue bad debts and sell credit cards crazily, which only shows that the profits in the middle are too large. It's even no different from the folk usury. Nowadays, all major banks are selling credit cards, and the question of whether the CBRC needs to manage it < P > gives me a deep feeling. One is to have multiple bank credit cards, and the other is to engage in the financial loan industry.

when I graduated in 12 years, I just stepped into the workplace, and under the influence of my colleagues around me, I got my first credit card, CITIC Credit Card, which cost 6, yuan. The reason is that my colleagues around me said that they can handle emergencies, and they can still get points by swiping credit cards at ordinary times, and the shopping mall is discounted. They are more interested in this and have the first card. In fact, at that time, Alipay and WeChat payment were not popular, and consumers could only brush the POS machines of merchants. Later, because I couldn't feel the pressure of using paper money, I thought it was just a number. In the next few years, I successively set up credit cards for CCB, China Merchants, Guangfa and other banks, and the quota was basically around 3,. Because the income is relatively good at ordinary times, credit cards are rarely used. After Alipay and WeChat payment, the popularity of hand-painted POS machines, credit cards can be directly bound to Alipay and WeChat payment, and there are more activities brought by points. So I use it more diligently. In 22, at the beginning of the year, the impact of the epidemic, income dropped sharply, and car loans and mortgages needed to be repaid. In addition, their own consumption was relatively high, and the use of credit cards continued to increase. So far, there are five credit cards, and about 5 thousand credit cards have been used. And there are other banks in the market that constantly call or send short messages, invite new credit cards, and have installment credit lines. Unconsciously, the debt has increased a lot, and I feel the pressure is getting bigger and bigger. Now I'm trying to get rid of the debt and make my life easier.

According to friends who work in China Everbright Credit Card Center or Ping An Credit Card Center, the bank's job requirements are how many customers to visit every day and how many cards to open every week. There are hard indicators, and if they fail to meet the requirements, they will either get a basic salary or even be dismissed. So start from friends and relatives around you and continue to complete the card opening task. Every time a credit card is swiped, the issuing bank has a certain percentage of income. In addition, if the credit card is repaid at the minimum amount, the interest will be as high as 1.5% per month, and the credit card amount is relatively low, which is less risky for banks. Therefore, the credit card business is a good profit point for banks, so they frantically demand the promotion of credit cards. The people who need more credit cards are young friends who have just graduated or worked for several years, and they still have a certain degree or a good credit card use record. This can determine the repayment willingness and credit awareness of the card users. Young people have consumption consciousness and high consumption, but their income is unstable and they have no savings, so credit cards are used frequently. Under the influence of constant merchants' consumption attraction and payment methods, young people are more and more daring to spend ahead, and financial institutions are also willing to support the development of consumer finance. As a result, the current post-8s, 9s and s, the per capita debt keeps rising, and it falls into the card debt crisis.

under this consumption concept, it will make life more and more difficult for young people. Consumption ideas similar to those in Europe and America will cause serious social problems once they encounter natural and man-made disasters with similar epidemics. The increasing non-performing rate of banks and the increasing number of social untrustworthy personnel. The government should introduce policies to let the concepts of thrift and hard work penetrate into the hearts of younger generations and establish a correct view of consumption.

First, let's talk about why most young people are caught in the debt crisis:

1. Social overload, work pressure and emotional emptiness all wear away our limited energy. In repeated wear and tear, we adapt to the pace of life, but become unhappy with ourselves. Whether physically or mentally, there are some strange diseases, such as staying up late and overeating. Many people laugh at themselves as "fat houses", which actually reveals a sense of helplessness.

2. The whole social environment is also responsible. Without exception, they are boosting the consumption boom and stimulating consumption. Being constantly promoted by advertisements and apps to plant grass and complete consumption behavior will gradually make you drift with the tide, form thinking inertia and further reduce your self-criticism and self-examination ability. They unscrupulously associate consumption with identity, class, taste, IQ and so on, and vigorously promote "consumerism", making it easier for young people to gradually lose themselves. For example, double 11 and Double 12 are all warming up one month in advance, which makes our original balance even worse. It creates an illusion that buy buy will be happy only if it is bought. Young people are still wandering at the door of adult society, but our material desires are as crazy as weeds, but we don't have the matching ability to make money and our self-control ability is poor. Debt has its own reasons, and the whole social environment also has unshirkable responsibilities.

According to the survey data of Boston Consulting Group, from 216 to 221, the consumption of young people in China increased by 11% year by year, and the consumption of young people under the age of 35 accounted for 65% of the total consumption growth. Millennials in China became the dominant force in the consumer market.

At the same time, the Report on the Liabilities of Young People in China pointed out that nearly 6% of the post-9s generation have substantial liabilities, and consumption upgrading has become a common phenomenon, among which credit consumption has become the main way of consumption upgrading, accounting for 86.6%.

Let's talk about why banks promote credit cards:

1. Merchants' rebate income

If they use credit cards to settle the bill, then the merchants need to pay a certain fee, which is distributed to the acquirer, the issuing bank and the card organization according to a certain proportion. The fee rate of credit cards is obviously higher than that of savings cards, so if the cardholders use a bank's credit card, then the issuing bank will get the cardholder's transaction.

2. Interest income

With the continuous development of the credit card market, interest income has become one of the most important sources of income for issuing banks.

interest income refers to the income that is charged with interest on all or part of the bill if the repayment cannot be made in full on the due repayment date (i.e. 18% annualized, with monthly compound interest).

Compared with ordinary loans, the annualized interest rate of credit cards is much higher. As the number of cards is increasing, the number of people who overdraw is also increasing, and the income of banks in interest is also increasing.

3. Fee income

Fee income is mainly divided into the following categories: installment fee, cash withdrawal fee and cash advance fee. Compared with the interest mentioned above, the rate of handling fee is slightly lower. Taking the installment fee as an example, banks usually give a fixed-term rate. For example, the number of installments of China Merchants Bank ranges from 2, 3, 6 to 36, and the interest of each installment is also different. Under normal circumstances, the longer the installment, the lower the interest rate.

in order to encourage cardholders to use installment, cash withdrawal and other businesses more, the bank also provides many preferential activities, so installment, cash advance and so on are used by more cardholders.

4. Annual fee income

Under the competitive pressure in recent years, various banks have introduced many credit cards that can be exempted from annual fees, but most high-end credit cards (platinum cards, diamond cards, unlimited cards, etc.) still charge annual fees. Cardholders of high-end credit cards can enjoy various services provided by banks, such as airport VIP lounge, medical services, exclusive customer service, sports and fitness, etc., and they also need to pay a high annual fee for these services. The annual fee for high-end credit cards is generally 2, which is usually charged rigidly.

5. Other

In addition to the above-mentioned major income composition accidents, banks can also make a small profit in other aspects.

For example, the card-making fee is charged for some credit cards with special card faces, and the sales revenue of self-built e-commerce platform, etc. Many card issuers have the awareness of guiding cardholders to spend on self-built e-commerce platforms. For example, China Merchants Bank's Pocket Life often promotes the activities of purchasing online malls for free, and more and more consumers have begun to use the self-built e-commerce platforms of card issuers.

since the credit card market is so profitable, there is no reason why major banks should not sell their credit cards crazily.

In the face of capitalists, all the problems are not as important as interests. What's more, due to the epidemic that began last year, major banks frantically promoted credit cards while withdrawing funds. Now young people in debt are a little careless, and there is an abyss ahead.

whether you apply for a loan or a card, you always borrow money from the bank, and you always have to pay back the borrowed money. Everyone should use their estimated near-term or long-term income and repayment ability, what to do with it, and how much return they can get, and then determine the amount of borrowing money and the length of the use period.

In particular, the goal of credit card overdraft is mainly short-term emergency use, such as calculating how much principal and interest you can repay after your income and expenditure within one year to determine the loan amount and how much you can repay by installments every month and quarter. Debt, like a person carrying a burden, needs to know that he can carry multiple burdens, and he can carry 2 Jin for a long time. If he only picks 15 Jin or 18 Jin, it is very good. If he doesn't pick, he will never know how capable he is. If you are too heavy, you can't stand it. It's best if the weight is suitable for you.

There are various reasons for the young people's card debt crisis, so I won't make a specific analysis here. I still focus on the analysis: the specific reasons why banks promote credit card processing!

banks always promote credit cards because it is related to performance. The bank successfully promoted the credit card to the customer, and the customer handled it, and the performance increased.

and handling a credit card helps to increase the stickiness of users. Because credit cards often provide many activities, such as exchanging points for gifts, customers participating in activities, cooperative businesses making profits, and banks can also make certain profits. If customers recommend these activities to friends around them, they will also increase the consumer group invisibly.

In addition, many people will automatically repay their credit cards by linking them with bank debit cards. In this way, customers will continue to deposit money into debit cards, and savings deposits are also one of the important sources of profits for banks.

In addition, when banks sell credit cards to consumers, the profits are relatively large. After all, many credit cards will be accepted.