Banks issue credit cards according to your conditions. As long as you meet the conditions, you can issue the cards. At present, there is no law in China that says that a person can only apply for a few credit cards at most, and the specific number of credit cards can be decided by the bank after comprehensive evaluation according to your own conditions. Moreover, different banks have different application conditions. If you apply for a credit card at multiple banks at the same time, as long as you meet the requirements, you can theoretically apply for many cards, even the same bank can apply for multiple cards.
For example, it was reported in the news before that there was a card uncle in Britain who handled 1,497 credit cards in the bank, and all the credit lines added up to more than 11 million euros because of good management. Finally, he used the equivalent of 1.7 million US dollars (about 11.3 million yuan) to buy himself 22 properties. Because of the crazy rise of the British property market, his property even went to a total price of more than 3.5 billion yuan. This British buddy can be described as a real card god.
However, it is actually very difficult to apply for so many credit cards in China. Up to now, I have seen about 18 credit cards for a person, and his own conditions are very good, and he is specialized in playing credit cards. If an ordinary person goes to the bank to apply for a credit card, I think the maximum number should not exceed 12. After all, when approving credit cards, banks should also look at your various conditions, such as your income, your assets, your credit and your card usage. If you already have a high credit card in other banks, on the one hand, your current credit line is relatively high, on the other hand, your current credit line is sufficient. If you approve a credit card again, you may not be able to use it, but it will occupy the credit line of the bank, so there are too many credit cards in other banks.
In addition, the supervision of credit card issuance in China is quite strict at present. In recent years, in order to compete for the cake of credit cards, major banks have issued a large number of credit cards every year. Some banks can issue tens of millions of credit cards a year, and even some banks have lowered the auditing standards of credit cards in order to expand the scale of credit cards, which has led to the rising bad debt rate of credit cards in some banks. For example, the amount of credit cards overdue for more than six months in China has reached more than 7 billion.
Therefore, at present, the regulatory authorities have strict supervision over the credit line of bank credit cards. If the regulatory authorities find that the bank's credit card circulation is excessive, they may punish the bank in the name of excessive credit. Therefore, due to regulatory pressure, many banks see that you have a lot.