The Measures for the Administration of Bank Cards have corresponding provisions on this:
Article 41 The issuing bank shall carefully examine the credit status of the credit card applicant and determine the effective guarantee and guarantee method according to the credit status of the applicant. The issuing bank shall regularly review the credit status of credit card holders,
And its credit limit should be adjusted according to the change of credit status. The issuing bank shall establish an authorization examination and approval system to clarify the authorization authority and authorization limit of employees at different levels.
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Relevant laws and regulations of the Measures for the Administration of Bank Cards:
Article 35 A bank shall formulate its business rules in accordance with relevant regulations, establish and improve its risk management and internal control systems, and abide by the unified accounting system of the state and the relevant information disclosure regulations of the banking regulatory authority of the State Council.
Banking institutions shall borrow foreign debts in accordance with relevant state regulations. Determine deposit and loan interest rates and various handling fee rates in accordance with relevant regulations. Withdraw the deposit reserve according to the regulations of the People's Bank of China.
Article 33 If a bank needs to restart the bank card business or some types of bank card business after terminating the bank card business or stopping providing some types of bank card business, it shall go through the application, approval and declaration procedures again in accordance with relevant regulations.
Baidu Encyclopedia-Bank Card Management Measures