The most stringent credit card rectification in history has now officially begun!

Attention, friends! Attention! The most stringent credit card crackdown in history has quietly begun! If you are not careful, you will be derated and blocked!

I have learned some information, and it all starts with the "General Operation Situation of the Payment System in the Second Quarter of 2018" released by the central bank on August 20, 2018. my country's outstanding credit reaches 75.667 billion yuan, and these are amounts that are overdue for more than six months.

I think that as people’s consumption levels increase, their need for credit cards is also increasing. Almost everyone has several credit cards, especially the young consumer group, who have very strong purchasing power. The credit card limit requirements are also higher.

It is precisely because many users do not fully understand credit cards, resulting in many incorrect credit card swiping behaviors, that is why credit cards are reduced or even blocked.

Let me tell you here, which banks have taken action recently?

1) Agricultural Bank of China, it was very easy to raise the limit in the past, but now it cannot be raised within three months;

2) Everbright Bank, risk investigation, singled out a group of users for card blocking Processing;

3) China Merchants Bank, the temporary quota cannot be extended

4) China Construction Bank, the temporary quota cannot be extended

I will finally share some, which behaviors Will it easily lead to derating and card blocking?

1) Long-term overdue

2) Concentrated large-amount consumption

3) Credit card merchants are the focus of bank investigation

4) Use other people’s accounts for repayment

5) Abnormal credit card swiping time and multiple transactions in a short period of time

6) Empty the credit limit at one time

7 ) After one repayment, it was wiped out again

A comprehensive overhaul of the credit card begins! How to avoid having your credit card reduced?

Friends who use credit cards know that credit card limits are not static. If the limit increases, the limit will decrease. If you want to increase your credit card limit, you need to use the card in good condition and maintain good personal credit. But if the credit limit is reduced, it all depends on the bank’s decision. Banks carry out credit card rectifications every once in a while. Only by avoiding misunderstandings in using cards can you avoid being reduced by the bank. Let me introduce to you the specific misunderstandings.

1. Frequent cash withdrawals

Credit cards have overdraft and cash withdrawal functions. Cash withdrawals do not enjoy the interest-free period, and the bank will charge interest on a daily basis. But if you frequently withdraw cash, the bank will doubt your intention to use the card. After all, credit cards are used for swiping, and they are not cost-effective. It is better to use them less.

2. Frequently overdue

Whether it is a loan or a credit card, overdue is a sensitive topic, especially for banks. If you are often overdue, you may be blacklisted. Derating or directly blocking the card are possible. Don't think that it doesn't matter as long as it's within the grace period. The bank won't be happy to see you if you do it more often.

3. Empty the credit limit

Many people use their credit cards without restraint and often empty the credit card limit. This is what we call maxing out the credit card, and then immediately depleting the limit after repayment. Some banks regard short-selling as a violation. For example, the Agricultural Bank of China clearly stated that the limit cannot exceed 85.

4. Idle cards

In addition to frequent swiping of empty cards, banks will also target idle cards that are not swiped. If you don't use it after applying for the card, the bank will think that you don't need it, and the credit limit given to you is a waste, and the credit limit may be withdrawn. After all, banks want to make profits, and installment is their favorite.

The above is the credit card misunderstanding introduced to you, I hope it can attract your attention. You need to be especially careful during the period of credit card rectification. It is not that easy to recover your credit card after it has been reduced.

The credit card market is being "rectified"! The two new regulations introduced by the central bank affect 784 million cardholders

Many people say that banks are an industry that "makes money every day".

According to statistics from the central bank, there are approximately 4,600 banks in our country, among which the six largest banks in China are the most famous, and the Industrial and Commercial Bank of China is still the "leader" in the industry.

According to "Fortune" released on August 2, the Industrial and Commercial Bank of China ranked 20th on the Fortune 500 list with revenue of US$182.8 billion. In addition, the Industrial and Commercial Bank of China has ranked 9th consecutively. Number one in banking. Moreover, 10 banks in China have entered the Fortune Global 500, and all six major state-owned banks are on the list.

Thanks to the booming development of the banking industry, people now hold more and more bank cards. According to data released by the central bank, as of the end of 2020, the per capita bank cards reached 6.4. However, everyone has more than 6 bank cards, but not all of them are used. Then many unused bank cards will become "idle cards", that is, "sleeping accounts."

In response, major banks held clean-up activities for "sleeping accounts" in July to control the number of "idle" bank cards and prevent too many bank cards from causing trouble to society and individuals. risk. Of course, in addition to controlling the number of bank cards, banks have also initiated "rectification" of the credit card market.

The number of credit cards issued reached 784 million

As of the first quarter of 2021, the number of credit cards issued by banks has reached 784 million, accounting for almost 1/2 of the total population. In other words, half of the 1.4 billion people in the country already have credit cards. There is a reason for the large number of credit cards being issued. As we all know, credit cards can use overdraft functions, which is undoubtedly the best payment choice for many young people with "inflated" consumption desires.

However, the overdraft limit of a credit card is not "unlimited". According to central bank data, the average credit limit for each card is 25,000 yuan. But you know what? Credit card debt that has been deferred for six months has reached 89.220 billion yuan, a year-on-year increase of 6.39.

What will happen if you can’t afford the credit card? The most serious situation is definitely being cheated by the bank and then becoming a dishonest person who "maliciously defaults" on the credit card. This will not only constitute a crime of fraud, but will also be punished according to law. Some people even file for "personal bankruptcy" because they cannot pay off their credit card debt.

China’s first personal bankruptcy law was officially promulgated on March 1, 2021. According to relevant statistics from Shenzhen City, among the 206 cases of bankruptcy applications in the first month, due to excessive credit card debt, As a result, the proportion of those who cannot afford to repay is as high as 90.9. As debit cards circulating in society, the emergence and popularity of credit cards can simplify consumers' payment processes, but the risks they bring require attention.

Because an excessive proportion of overdue loans will cause banks' non-performing loan ratios to continue to rise, the China Banking and Insurance Regulatory Commission stated that the non-performing loan ratio in the first half of the year was 1.86, and will further increase in the second half of the year. In this regard, regarding credit cards, the central bank has issued new regulations. Starting from 2021, there will be two major new regulations for credit cards.

New credit card regulations affect 784 million cardholders

The central bank’s new regulations are divided into two aspects. The first one is to “remove the upper and lower limits on overdraft interest rates.” ", and the second one is "the overdraft interest rate of the card". Before the new regulations were released, credit card overdraft interest rates not only had a specified upper and lower interest rate limit, but the overdraft interest rates were not fully disclosed, which may cause considerable trouble to savers.

In the past, banks stipulated that the interest rates were an upper limit of 0.0005 and a lower limit of 70. However, in 2021, in order to better protect the rights and interests of depositors, this regulation was cancelled. In other words, in the future, credit card Overdraft interest rates will be negotiated between the cardholder and the bank.

In response to this regulation, industry experts said that when the central bank "relaxes" 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 collecting reserves. Moreover, the banks' "Differentiated pricing" will become the general direction for future rectification of the banking industry. 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 stipulation, "Card overdraft interest rate" is easy to understand. It means that the overdraft interest rate of credit card should be disclosed to the majority of depositors, and the bank should update the interest rate data in real time so that depositors can be more intuitive. understanding.

The advantage of this is that it allows savers to realize how much interest will accrue after the credit card is overdue, so that cardholders can use it prudently and repay on time, which plays a certain role for both banks and savers. constraint effect. Moreover, in addition to the above two major new regulations, in 2021, major banks will issue documents one after another to further strictly control the use of credit cards.

In other words, the risk control of credit cards has been "upgraded". If used illegally, the cardholder's transactions will be restricted, and the cardholder will not be able to handle installments, new cards and other services. Some banks even A "merchant blacklist" has been added to prohibit illegal users from conducting transactions.

So, when you use credit cards in the future, you must repay within the specified time, and do not use credit cards illegally for "cash-out" or other illegal transactions, which will cause you some trouble. Are you right?

The agreement to rectify credit cards is coming. How will the number and limit of card holders be affected?

With the continuous improvement of living standards, people's consumption concepts have also undergone major changes. Now many young people are accustomed to using credit cards for consumption. As market demand increases, the number of bank card issuances also increases. Rapidly rising, which has led to more and more overdue credit card transactions. In order to combat overdue behavior, banks have also introduced many measures. Recently, the Ningbo Banking and Insurance Regulatory Bureau issued a document stating that it will formulate the "Credit Card Business of Ningbo Banking Financial Institutions" Self-Discipline Pact.

On August 27, the Ningbo Banking and Insurance Regulatory Bureau announced that it would supervise the 51 member units of the Bank Card Committee within its jurisdiction to formulate the "Ningbo Banking Financial Institutions Credit Card Business Self-Discipline Convention". Although this convention There is no official document yet, but according to the convention data, the following three major regulations have been formulated:

1. The limit on the number of valid card issuers for a single household is clarified. In principle, each person has a valid card issuer. The number needs to be controlled within 7, which means that one person can only apply for credit cards from 7 banks at most.

2. The proportion of a single increase in the credit card fixed limit needs to be controlled within 20, and the interval between two limit increases cannot be less than 3 months.

3. If the cardholder is overdue, the bank's standard for charging penalty interest cannot exceed the annualized rate of 24, and the bank can only charge penalty interest for the unrepaid part of the debt and cannot calculate penalty interest.

As soon as the policy came out, it triggered widespread heated discussions. Many cardholders said that before the policy was implemented, should they apply for credit cards from all banks? If the number of valid card issuers is really limited, then it is estimated that Ningbo's city commercial banks and rural commercial banks will give up the credit card business.

In fact, credit card users need to have a correct understanding of credit cards. Credit cards are tools provided by banks for overdraft consumption in advance. The more credit cards we have, the better. Generally speaking, a person has 3 Approximately 10 credit cards are enough. If there are too many credit cards, it will not only be detrimental to management, but may also cause overdue credit card annual fees. This "Ningbo Banking Financial Institutions Credit Card Business Self-Discipline Convention" is also intended to restrain those who apply blindly. For credit card users, reducing the number and credit card limits of these people from the source will help to curb overdue payments.

In general, as long as the credit card is enough, you don’t need to apply for too many. When using a credit card, you need to spend according to your actual financial ability. If the credit card limit exceeds your time and financial strength, Then overdue behavior is likely to occur.

That’s it for the introduction to credit card rectification.