The maximum number of credit cards a person can apply for

There is no limit to the number of credit cards an individual can apply for.

Under normal circumstances, it is recommended not to apply for credit cards from more than 5 banks.

Credit cards from the same bank have a limited limit, but points can be accumulated. If you need to accumulate credit card points, you can apply for 2 credit cards. Applying for too many credit cards will occupy your own credit limit, so 2 Zhang is more appropriate.

Extended information:

A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit.

It is in the form of a card with the issuing bank name, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back.

Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with the merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards as stipulated in the relevant laws of our country refer to electronic payment cards issued by commercial banks or other financial institutions that have all or part of the functions of consumer payment, credit loans, transfer settlement, cash deposits and withdrawals, etc.

On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit.

The credit card generally refers to a credit card.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

The main features of credit cards:

①Credit cards are one of the fastest growing financial services today. They are an electronic currency that can replace traditional cash circulation within a certain range;

②Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

③Credit cards are high-tech products that integrate financial services and computer technology.

④Credit cards can reduce the use of cash;

⑤Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

⑥Credit cards can simplify collection Reduce payment procedures and save social labor;

⑦Credit cards can promote product sales and meet social needs.

How many Bank of China credit cards can one person apply for?

One person can apply for multiple credit cards under one name, up to 20 (excluding supplementary cards, business cards and cards in abnormal status) ), but you cannot apply for the same type of credit card repeatedly.

The above content is for your reference, please refer to actual business regulations.

How many credit cards can one person apply for?

The country does not have very clear restrictions on the number and total credit cards that individuals can apply for at commercial banks.

Theoretically, the number and limit of credit cards a person may apply for are determined by each commercial bank based on its own credit principles and risk assessment policies.

According to the "Measures", when issuing credit cards to customers, commercial banks should follow the principle of "rigid deductions" and avoid "exceeding credit needs." The so-called "rigid deduction" principle means that when a bank determines a credit limit for a customer, it must deduct the credit limit it has obtained from other banks. For example, if a bank can grant a credit card applicant a credit limit of 50,000 yuan based on his qualifications, but he already has a credit card with a limit of 20,000 yuan in another bank, then the bank should grant the customer a credit limit of no more than 30,000 yuan. .

Extended information:

It is generally recommended to apply for 4 credit cards:

1. It is beneficial to the individual’s overall score

Comprehensive score It plays a big factor in whether you can successfully apply for a credit card. The applicant's number of cards held and credit record are also part of the comprehensive score.

2. The total limit is the most appropriate

In fact, it is not comprehensive just to look at the number of credit cards. It also depends on whether the total limit is applicable. Under normal circumstances, the total limit of 4 cards is the most suitable credit card limit for applicants. If it is less, it will be difficult to cope with emergencies, and if it is too much, it will be easy to spend money without making ends meet.

In addition, the bank will evaluate each applicant's total quota and make a "rigid deduction" when approving the quota. That is to say, assuming that your total quota is only 100,000, you have The credit card limit you hold has already reached 90,000, so if you apply for a new card, the limit will only be about 10,000, and it will not get higher and higher.

3. Flexible turnover and clever financial management

With four credit cards and four repayment dates, you can usually use credit for consumption, and maximize short-term investment and financial management with salary and other income. The repayment is made on the repayment date, so the interest earned is an "extra income".

You are not sure whether the number of credit cards is suitable for you, because everyone’s personal qualifications are different. You should apply for credit cards based on your actual situation, and do not go beyond what you can afford. Apply for a credit card. Credit cards all have annual fees, which you need to pay yourself.