What conditions are needed to apply for a credit card

Credit card application conditions:

1. Whether it meets the bank’s requirements for issuing a credit card

2 , aged between 18 and 65 years old

3. Have a stable career and income

4. Have good credit and the ability to pay interest on time

5. Natural persons with full capacity for civil conduct (robots, vegetative persons, minors, and mental patients to a certain extent are not allowed)

Additional requirements for applying for a credit card are:

1. Educational certificate. The level of academic qualifications will affect the credit card limit. Generally speaking, the higher the academic qualifications, the higher the limit.

2. Personal credit investigation. Personal credit report is very important when applying for a credit card. Banks will only approve the application if your credit record is good.

3. Asset certificate. If the applicant has a house, car or other assets in his name that can prove his ability to repay, it will be easier to apply.

4. Social security card. If the applicant has a good job and has paid social security, it will be relatively easy to apply for the card.

5. Credit cards and statements from other banks. If there is no social security, the applicant can also show other bank statements or credit cards, which can also prove the repayment ability.

Extended information:

CreditCard, also called credit card. It is a non-cash transaction payment method and a simple credit service.

A credit card is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on the Provisions on Credit Cards of the People's Republic of China and the Criminal Law of the People's Republic of China") refer to credit cards issued by commercial banks or other financial institutions. Electronic payment card with full or partial functions such as consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

A credit card is generally a special carrier plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. The name of the card issuer, validity period, number, cardholder name, etc. are printed on the front, and there is a chip on the back. Magnetic strip, signature strip. Cardholders can use their credit cards to shop and spend money with special entities and deposit and withdraw cash from banks.

There is no need to pay cash when making purchases with a credit card. Repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.