First of all, credit cards are also called debit cards. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
Second, the credit card stipulated in the relevant laws of China (Interpretation of the Provisions of the NPC Standing Committee on Credit Cards) refers to an electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1, the English translation and writing standard for public services was formally implemented, and the English names of credit cards were specified.
Third, credit card consumption is a non-cash transaction payment method. There is no need to pay cash when spending, and it will be repaid on the billing day. Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
4. From the date of 202 1 and 1, the credit card overdraft interest rate shall be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate shall be cancelled (the original upper limit is 0.7 times of the daily interest rate).
On May 25th, 20021year, the Supreme People's Court promulgated and implemented the Provisions of the Supreme People's Court on Several Issues Concerning the Trial of Civil Disputes over Bank Cards.
If you want to increase your quota, you must do the following two things:
1. Always use up the existing quota.
2. At the same time, we should adopt "full repayment" (instead of using revolving credit).
Therefore, I never do anything thankless. I control my consumption every month and pay it back at one time.
How do credit cards generate income?
Some people are shocked by the bank's high quota or interest-free period, and think that credit card is almost a "public welfare" cause. In fact, credit card is the most profitable cake for banks in traditional industries. Credit card business income comes from:
1. Annual fee (at present, banks with advanced business concepts have gradually given up this piece, which is in line with international practice)
2. Revolving interest (the annual interest rate is above 18%, which cannot be compared with any other business).