According to Article 41 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, the issuing bank shall conduct a credit investigation on the credit card applicant, fully verify and completely record the applicant's valid identity, financial status, consumption and credit records, and confirm that the applicant has a fixed job, a stable income source or a reliable repayment guarantee.
In accordance with the relevant regulations, commercial banks that can only engage in business activities in specific cities or regions should apply for credit card business, and their head offices (companies) should apply to the regulatory authorities at the place of registration. After preliminary examination, the regulatory authorities at the place of registration shall report to the China Banking Regulatory Commission for approval.
When a foreign-funded corporate bank applies for credit card business, it shall submit an application to the regulatory authorities in its place of registration, and after preliminary examination by the regulatory authorities in its place of registration, it shall be reported to the China Banking Regulatory Commission for approval.
The Measures for the Supervision and Administration of Credit Card Business of Commercial Banks have been adopted at the 20 10/00th Chairman's Meeting of China Banking Regulatory Commission on July 22nd, 20th. It is hereby promulgated and shall come into force as of the date of promulgation.
Extended Information Measures for the Supervision and Administration of Credit Card Business of Commercial Banks
Article 26 The establishment and opening of branch franchisees such as credit card centers of commercial banks shall be reported to the agency of China Banking Regulatory Commission for approval according to the prescribed procedures. The dispatched office of the CBRC to be established shall make a written decision on approval or disapproval, and send a copy to the dispatched office of the CBRC where the branch-level franchise institution is registered.
Article 27 The dispatched office of the China Banking Regulatory Commission where it is registered shall complete the examination within 20 days from the date of receiving the complete application materials, and report the examination opinions and complete application materials to the China Banking Regulatory Commission.
China Banking Regulatory Commission shall make a written decision on approval or disapproval within 3 months from the date of receiving the complete application materials for credit card business; If it decides not to approve, it shall explain the reasons.
For credit card business types that have not been approved by the CBRC or its dispatched offices, commercial banks may reapply in accordance with relevant regulations after meeting relevant requirements.
Baidu Encyclopedia-Measures for the Supervision and Administration of Credit Card Business of Commercial Banks