The maximum number of credit cards a person can apply for

There is no limit to the number of credit cards an individual can apply for. Under normal circumstances, it is recommended not to apply for credit cards from more than 5 banks.

Credit cards from the same bank have a limited limit, but points can be accumulated. If you need to accumulate credit card points, you can apply for 2 credit cards. Applying for too many credit cards will occupy your own credit limit, so 2 Zhang is more appropriate.

On April 15, 2016, the central bank issued the "Notice of the People's Bank of China on Matters Related to Credit Card Business", canceling late payment fees for credit cards, introducing liquidated damages, and prohibiting over-limit fees. At the same time, corresponding adjustments were made to credit card overdraft interest rates, interest-free repayment periods and minimum repayment amounts. The amount has also been increased from 2,000 yuan per card per day to 10,000 yuan. The new regulations will be officially implemented on January 1, 2017.

1. Cancel late payment fees and introduce liquidated damages

The "Notice" cancels late payment fees, and the card issuer and cardholder will agree on liquidated damages; cancels over-limit fees, and stipulates that card issuers shall not Service fees bear interest.

2. The credit card overdraft interest rate can be customized

The upper limit and lower limit management of the credit card overdraft interest rate is implemented. The upper limit of the overdraft interest rate is 5/10,000 of the daily interest rate, and the lower limit of the overdraft interest rate is 0.5/10,000 of the daily interest rate. Fluctuate by 30 on the basis of five-fifths. The method of calculating interest on credit card overdrafts, as well as whether interest will be calculated on credit card overpayments and the interest rate standards are determined independently by the card issuer.

3. Interest-free repayment period and minimum repayment amount

The "Notice" cancels the maximum interest-free repayment period, minimum repayment amount standards and additional requirements for overdraft consumption The current regulations on conditions are determined independently by the card issuer based on commercial principles and cardholder needs.

4. The amount of cash withdrawals is increased from 2,000 yuan to 10,000 yuan

The "Notice" optimizes the management mechanism of credit card cash advance business and clearly defines cash withdrawals, cash transfers and cash recharges. Cash borrowing business type. The daily cumulative limit per card for cardholders to handle cash advance withdrawals through ATMs has been increased from RMB 2,000 to RMB 10,000. Cash transfers and cash recharges to my bank settlement account and payment account are allowed.

There are five major credit card brands in the world, two major organizations: VISA International and MasterCard International, as well as American Express International Co., Ltd. (America Express) and Diners Club. ), JCB Japan International Credit Card Company (JCB) five professional credit card companies. There are also some regional credit card organizations in various regions, such as EUROPAY in Europe, UnionPay in China, United Credit Card Center in Taiwan, etc. [img]

How many credit cards can a person apply for?

A person can apply for multiple credit cards, and there is no clear limit on the number. However, it is best to hold less than 3 personal cards. Too many credit cards can easily lead to overdue credit cards. Overdue credit cards will have a great impact on your future credit card applications.

It makes no sense to apply for multiple credit cards at the same bank. Because credit cards from the same bank have the same limit, but the annual fees are paid separately and the points are accumulated separately. So if you want to have multiple credit cards, you can go to different banks to apply for credit cards. It should be noted that you must not make late repayments, as this will cause a bad record on your personal credit record.

Note: The China Payment and Clearing Association issued the "Bank Card Business Risk Control and Security Management Guidelines", requiring banks to strictly control situations where one person has multiple cards and excessive credit. Cardholders apply for credit cards that are much higher than their personal income levels. Credit card overdrafts will be blocked. Therefore, if there are too many credit cards and the total credit limit is too high, it will be difficult to apply for a credit card, and even applying for a loan will be affected to a certain extent.

How many credit cards can one person apply for?

There are no clear regulations on how many credit cards one person can apply for. Basically, every bank can apply for a credit card.

However, users who apply for too many credit cards will cause a lot of trouble in the future. For example, if you have more credit cards, the monthly repayment burden will be heavier, and the repayment date of each credit card is different. If you get confused, it will cause overdue payment.

When applying for a credit card from the same bank, it is best to apply for one. If you apply for multiple credit cards, the credit card limit is exclusive. For example, if you apply for 2 credit cards at China Construction Bank, one credit card has a limit of 10,000. Yuan, and the other one is 8,000 Yuan. When using these two cards, you can get a maximum limit of 10,000 Yuan, instead of the superimposed limit of the two cards.

Excessive credit card applications will affect users’ loan processing. A large number of credit cards indicates a heavy burden on the user. When applying for a loan, the bank will focus on checking the repayment ability. If the bank's conditions cannot be met, the bank will reject the user's loan application. This is something everyone needs to pay attention to.

Generally, you should not apply for more than 3 credit cards. This will help users manage credit card repayment dates and return credit cards without causing too much repayment burden. In fact, when applying for a credit card, you must consider your own income capacity. Generally, the credit limit of a credit card should not exceed 2 to 3 times your personal income. This can prevent you from spending too much and not being able to repay it.

Every application for a credit card will be recorded in the credit report. Even if the user does not activate the credit card after application, the application record will appear in the credit report. Multiple application records will have a negative impact on the individual. . Therefore, it is best for users not to apply for too many credit cards in normal times, as it does not bring any personal benefit.

If the user dislikes the relatively low limit of a single credit card and applies for multiple credit cards, then the limit of one credit card can be increased. For example, if one more credit card is used for consumption, the limit can be increased after a long time. Quota. This way you can avoid applying for multiple credit cards.

How many Bank of China credit cards can one person apply for?

One person can apply for multiple credit cards under one name, up to 20 (excluding supplementary cards, business cards and cards in abnormal status) ), but you cannot apply for the same type of credit card repeatedly.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.

This ends the introduction about the maximum number of credit cards that can be applied for and the maximum number of credit cards that can be applied for. I wonder if you have found the information you need?