The Notice on Printing and Distributing the Measures for the Administration of Credit Card Business has corresponding provisions:
Article 3 The term "credit card" as mentioned in these Measures refers to the credit payment instruments issued by commercial banks in People's Republic of China (PRC) (including foreign-funded banks and Sino-foreign joint venture banks, hereinafter referred to as commercial banks) to individuals and units.
Credit cards are divided into unit cards and personal cards according to users; According to the credit rating, it is divided into gold card and ordinary card; Divided into RMB cards and foreign currency cards by currency; According to the carrier material, it is divided into magnetic stripe card and smart card (hereinafter referred to as ic card).
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Relevant provisions of the notice on printing and distributing the Measures for the Administration of Credit Card Business:
Thirty-first commercial banks that have started credit card business should terminate all or part of the credit card business according to the planning decision, and refer to the procedures for applying for business, and report to China Banking Regulatory Commission and its dispatched offices for examination and approval.
After being approved to start credit card business, its branches may be authorized to start part or all of the credit card business. When an authorized branch starts relevant credit card business, it shall report to the dispatched office of the CBRC 30 working days in advance with the approval document of the CBRC, the authorization document of the Head Office and other relevant materials.
Article 32? When withdrawing cash or quasi-credit card overdraft, credit card holders do not enjoy interest-free repayment period and minimum repayment amount, but should pay overdraft interest calculated at the prescribed interest rate on the cash transaction amount or overdraft amount from the bank bookkeeping date.
Baidu Encyclopedia-Notice on Printing and Distributing the Measures for the Administration of Credit Card Business