How to apply for a bank credit card for free? These are all possible ways

Credit card is a financial product jointly issued by major banks and card organizations. It mainly provides cardholders with overdraft consumption limits, cash withdrawals, installments, rights and interests, preferential activities, etc. If you are still a credit card novice, then the following text will give you the answer on how to apply for a bank credit card for free in 2018.

Credit cards issued by banks are free of charge for customers in need and who meet the qualifications. Applicants do not need to bear any fees for early processing. However, it is inevitable that individuals or organizations that apply for credit cards will appear on the market. They use the guise of applying for large-amount credit cards with low thresholds to make profits by charging handling fees. Generally, those who are deceived are those with poor credit conditions or who have no knowledge of credit cards. Customers, there is no doubt that the final result of these people is that their personal information is leaked, or the handling fee is defrauded and the card is deducted to no avail.

So, how to apply for a bank credit card for free in 2018?

Generally, it is free to apply for a credit card through formal channels:

Bank official channels: credit card official website, bank credit card WeChat official account, credit card APP, bank counter, bank card application work Personnel;

Third-party channels: Alipay, WeChat, QQ, UnionPay, and other formal platforms officially authorized by banks.

If you encounter an intermediary that charges a fee for applying for a bank credit card, then 99% of them are rogue intermediaries.

In conclusion, to apply for a bank credit card for free in 2018, you need to go through formal channels, otherwise you will not be able to apply for the card, and the personal losses may be immeasurable.

It is free to apply for a credit card, and there is no interest for repayment on time. So how do banks make money?

How do banks make money? In principle, they deposit low-interest deposits at high prices and lend money to earn the difference. It seems that the profit from the simple spread is not very high, but do you know how many times a bank can lend a certain amount of money to form a compound interest model to make money?

If a bank deposits a sum of money, it only needs to ensure that 20% will not be lent, and the remaining 80% can be lent. Aren't you afraid that savers will have no money to withdraw the money? Don’t worry about this. For example, Party A deposits money into the bank, and Party B needs a loan to pay workers’ wages or pay for materials, but Party C, who has received the money, deposits the money into the bank again. No matter how much troubles are made in the middle, the money will eventually come back. When you go to the bank, the bank can continue to lend, so your deposit is not loaned to one person, nor is it only loaned once to earn the difference.

The deposit reserves mentioned here refer to the deposits in the central bank prepared by financial institutions to ensure the needs of customers to withdraw deposits and liquidate funds. The proportion of deposit reserves required by the central bank to its total deposits is deposit reserve ratio.

By adjusting the deposit reserve ratio, the central bank can affect the credit expansion capabilities of financial institutions, thereby indirectly regulating the money supply. With the guarantee of deposit reserves, it is equivalent to paying a deposit. According to the adjustment of market currency volume, the deposit reserve ratio increases, market funds tighten and investment declines. On the contrary, liquidity is released, promoting employment and investment, etc.

So why should we reduce bank liabilities?

We know that in the past two years, both LAR and MLF have been reduced for many rounds, which has reduced the interest space of banks, increased the pressure on mortgage loans of banks, and begun to complain. In addition to connecting assets and liabilities in the financial system, banks also play a role in risk identification and pricing.

Think about the various real estate policies introduced earlier, which are inseparable from the country’s general direction of “guaranteing the delivery of buildings”. After all, who is the industry with the highest debt? Against this background, finance and real estate can remain strong in today's stock market, while growth stocks have no support.

In fact, banks are such an industry. You can't live without them and you need them, but be wary of them selling you umbrellas on sunny days. After all, the umbrellas may be recycled when rainy days come.

Does it cost money to apply for a credit card?

It depends on the situation. If the user does not apply for a credit card with special technology, then applying for a credit card is free. The user applies for a credit card with special craftsmanship, and this kind of card usually charges a card production fee. When a user applies for a credit card, a page will be displayed on whether the card requires a card creation fee. Although most cards are free to apply for, users who do not need to use the card are best not to apply.

It costs a certain amount of money for banks to send out credit cards and issue cards. If users frequently apply for cards but do not activate them, it will affect the subsequent application of other cards.

The annual fee requirements are as follows:

1. For ordinary credit cards, most banks’ annual fees are free for the first year. If the number of subsequent card swipes reaches the number, the annual fee for the next year will be waived.

2. For gold and platinum credit cards, the annual fee for some bank credit cards can be waived by redeeming points or reaching the number of card swipes. Users can carefully understand the annual fee collection issues for each level. If you do not understand, you can call customer service for consultation. In addition, some high-end credit cards such as platinum cards and AE cards are required to pay annual fees.

In short, users must have a clear understanding of credit card charges. If there are some unclear charges, you can ask customer service for details.

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Process:

1. Log in to the official website of the credit card issuing bank and find In the credit card application column, fill in the information and apply according to the prompts;

2. Go to the bank counter with your ID card and other relevant information to apply to the staff, and fill in the credit card application form manually;

3. Pass The bank credit card clerk submits the application materials.

How much it costs to apply for a credit card is not arbitrarily determined by the issuing bank. The unified standard is free. As long as you provide valid proof of personal identity, proof of stable income, regular employment, proof of personal assets, including real estate, cars, deposits, etc., as well as a good personal credit record, you can apply for a credit card.

It is worth mentioning that although it is free to apply for a credit card, there is a certain annual fee for credit cards. Nowadays, the annual fee is generally waived in the first year, and the annual fee for the next year is waived if you swipe the card 6 times in the first year. , and so on, if you swipe the card normally, you generally don’t need to pay the annual fee.

Which bank credit cards can be applied for free? How to charge.

There are many types of credit cards, including debit cards, credit cards, and international cards. Each card has its own characteristics! Regarding what you want for the year: "I just want something with lower fees, which is usually mainly used for consumption~" I think you can apply for a Peony debit card and a credit card from ICBC. Peony debit card (features : Deposits bear interest, loans pay interest, the overdraft limit is 5,000 yuan, and it has a wide range of uses. The annual fee is 25 yuan/year. The key is that if you apply for the ICBC Peony debit card before the end of March, you can waive the annual fee for one year). Just charge the card! (The characteristics of this card are: deposits do not bear interest, and loans used for consumption have a maximum interest-free repayment period of 65 days. Points can be collected for consumption and lottery draws can be made! The loan credit rating can be up to 50,000 yuan, usually 5,000-10,000 Yuan, the annual fee should be 40 yuan/year!) Why do I need to apply for two cards? Because the characteristics of these two cards are very distinct! One is that deposits bear interest and loans pay interest. You can deposit your normal money on this card, but if you need to spend money, you can use a credit card, because it does not bear interest on deposits, so you do not need to deposit money. The income is simply used for overdraft consumption. Then just transfer the most money from the debit card to the credit card during the repayment period to repay the loan. You may ask, I am not short of money, why should I overdraft? In fact, this is a change in consumption concepts. One of the main functions of a credit card is to collect customer credit. If you borrow money and can repay it on time, in the eyes of the bank, you are a creditworthy person, and you can If you have a credit card but don’t have a loan record, then you don’t have any credit record. This is the most critical basis for the future credit rating of Chinese people! ! Hope this helps! ! !

Why are banks willing to let you apply for more credit cards and provide you with free shopping funds?

In life, we often encounter situations where bank staff are trying to push us to apply for a credit card. Or when shopping in a shopping mall, there will be bank employees promoting various welfare policies after opening their own bank cards.

Initially, I thought that mobilizing depositors to apply for credit cards was an act of banks trying to win over depositors. It is a way for savers to develop a habit of depositing money into their homes through credit cards. In other words, credit cards are used to attract savers to deposit money in banks.

But my idea is actually completely wrong, because credit card income is also an important source of income for banks.

Instead of using a credit card to promote your own bank, as I thought before.

Let’s take a look at several ways banks want to gain revenue. Banks can obtain profits in many ways by applying for credit cards to users:

First interest income. When we are shopping, we sometimes forget to repay the credit card after swiping it, so it will be overdue. At this time, the bank will think that the repayment has not been made as agreed, so the bank will charge you a part of the interest, which is equivalent to We made a deal from the bank and bought this thing.

Second year fee income. Although many ordinary credit cards do not charge annual fees, some high-end gold and platinum cards do charge annual fees for credit cards.

For gold cards and platinum cards, in order to improve the user experience, the annual fee in the first year is usually waived, but the annual fee in the second year is usually charged, but it can be paid through your credit card points. Offset annual fee. Instead of being the same as a regular card, you only need to swipe it 6 times to get it for free.

For many gold cards, the annual fee may be canceled only if the annual consumption is 200,000. If your annual consumption does not reach 200,000 yuan, you may be charged a few hundred yuan in fees.

Third credit card cash withdrawal income. Banks provide credit cards to consumers mainly to allow consumers to develop shopping habits. Shoppers spend money and do not recommend consumers to withdraw cash. Usually, a certain handling fee is charged for cash withdrawal by credit card. Although the handling fee for withdrawing money by credit card is very high, when you need money urgently, you may have to take out part of the money despite knowing that there will be a handling fee.

Just like when my family and I went out to play last week, we took our children to a local hospital for medical treatment. At that time, the hospital's payment machine only accepted WeChat payment, and the rest was to collect cash at the window. There was no money in my WeChat account at that time, so I had to go to the ATM machine next to me. Although I received some money, there was no way to do it because I needed a temporary emergency.

Interest charges charged on the fourth installment. When Apple mobile phones were first launched, many people faced tens of thousands of yuan in mobile phone bills and had no way to buy them immediately, so they chose to pay in installments. For example, there is a friend next to me. Although his salary is not high, he is an avid fruit fan. Every time Apple launches a new product, he will choose to use a credit card to purchase it. What impressed me the most was that Apple had just released the iPhone 6. After he received his salary, he went to swipe another phone. He even joked with us, "After I just paid off the money for my Apple computer and laptop last month, I will pay for it again this month." Once you start paying off your mobile phone, the age of being a credit card slave will never end. ”

When you pay for a credit card installment, it seems that you get such a product without spending much interest on it, but the actual credit card interest is. , are charged on a daily basis, and your interest may end up being as high as 10%.

Fifth, collect commissions from special merchants. In life, when we are shopping, we will find that not all merchants support credit card consumption. For example, many personal supermarkets do not allow credit card consumption. This is because when users swipe their credit cards, the bank will charge a certain fee to the merchant. Many merchants prohibit shoppers from using credit cards because of low profits.

However, many large shopping malls will allow customers to use credit cards to make purchases. As a result, merchants will pay a large amount of handling fees to banks every year.

In the bank's credit card business, 78% of the income comes from credit interest, which is the funds generated by credit card installment payments. Therefore, as long as your credit is good enough and you have no bad records, banks are very willing to apply for a credit card for you.

Why is it free to apply for a credit card?

Hello, if you open an account through our bank, there is no handling fee;

The most important conditions for applying for a China Merchants Bank credit card The applicant must be between 18 and 60 years old (overseas residents are between 25 and 60 years old), have certain financial capabilities and have a good credit record. The result of credit card application shall be subject to actual review by our bank. The necessary application documents are copies of identity certificates and employment certification documents. If you can provide other financial documents, it will be more helpful for us to understand your personal situation and determine your credit limit.

If you are interested in China Merchants Bank credit card and have never held a credit card from our bank, you can apply in the following four ways: 1. Please log in to the credit card website and select "Apply for Credit Card" - "New Customer Application"; 2. Please bring your Please go to any CMB branch in person to apply for the original identity certificate, work certificate and financial certificate document; 3. You can also call the customer service hotline, select "3#" in the voice to apply for credit card consultation, and then select "1" to transfer The service specialist will register you and notify our local staff to contact you to confirm your application. 4. If you have applied for the professional version of our bank’s online banking, you can apply through the professional version. Please note that the credit card status will be subject to the final review result.

This is the end of the introduction on why it is free to apply for a credit card and why it is free for banks. I wonder if you have found the information you need?