Measures for the Supervision and Administration of Credit Card Business of Commercial Banks
General Provisions: In order to standardize the credit card business of commercial banks, protect the legitimate rights and interests of customers and banks, and promote the healthy and orderly development of credit card business, these Measures are formulated in accordance with the Banking Supervision and Administration Law of the People's Republic of China, the Commercial Banking Law of the People's Republic of China, and the Regulations of the People's Republic of China on the Administration of Foreign-funded Banks.
article 2: commercial banks should strictly abide by the laws, regulations, rules and relevant policies of the state and follow the principles of equality, voluntariness, honesty and credit. Article 3: Commercial banks should protect the legitimate rights and interests of customers and the security of related information in accordance with the law when operating credit card business. Without the authorization of the customer, the relevant information shall not be used for other purposes than the bank's credit card business.
article 4: commercial banks should establish and improve the risk management and internal control system of credit card business, strictly implement authorization management, and effectively identify, evaluate, monitor and control business risks. Article 5: Commercial banks operating credit card business shall fully disclose relevant information to cardholders, reveal business risks, and establish and improve the corresponding complaint handling mechanism. Article 6 The China Banking Regulatory Commission and its dispatched offices shall supervise and manage the credit card business of commercial banks according to law.
1. The term "credit card" as mentioned in these Measures refers to all kinds of media that record the relevant information of the cardholder's account, have the function of bank credit line and overdraft, and provide relevant banking services for the cardholder. Credit card business refers to the banking services provided by commercial banks using bank cards with credit line and overdraft function, mainly including card issuing business and acquiring business.
2. Credit card overdraft interest shall be calculated at the rate of five ten thousandths of daily interest within 15 days from the date of signing or the date of bank account entry, and at the rate of ten thousandths of daily interest after 15 days, and at the rate of fifteen thousandths of daily interest if the overdraft amount exceeds the prescribed limit after 3 days. The overdraft interest is not divided into sections, and the interest is calculated according to the highest interest rate grade of the deadline or the highest overdraft amount.