Credit card regulatory requirements are to protect the interests of consumers and ensure good order in the banking industry. First of all, banks must evaluate the applicant's credit history and income status before issuing a credit card to avoid overdrafts or card evasion by customers with bad credit. Secondly, banks must provide cardholders with transparent rate information, including interest rates, annual fees, overdraft fees, etc., so that consumers can make informed choices. In addition, banks also need to assist regulatory agencies in combating credit card crimes, such as credit card fraud, skimming, etc.

Credit card supervision requirements not only involve the bank’s business operations, but also involve the responsibilities of cardholders. Cardholders need to pay their credit card bills regularly and return the outstanding balance promptly to avoid affecting their personal credit record. Cardholders who find any doubts about their credit card consumption should report it to their bank in a timely manner and check their bills. In addition, cardholders also need to ensure the security of credit card account information, including avoiding random disclosure of information and unsafe transaction environments.

Finally, regulatory agencies are also crucial to the management and supervision of the credit card industry. Regulators need to carefully review banks’ application, approval and risk management procedures to ensure the sustainability of the industry. In addition, regulatory agencies also need to conduct due diligence on credit card crimes and customer complaints and impose severe penalties on violations to maintain market order and fair competition.