The number and amount of credit cards that a person can apply for are determined by commercial banks according to their own credit principles and risk assessment policies.
The decision lies in the fierce competition between banks and commercial banks in credit card business. In order to win customers, banks have the problem of "over-granting credit" to some extent in the actual process of issuing cards. This is why many people in life hold multiple credit cards and get super-high credit when their income is obviously not high.
The Measures for the Supervision and Administration of Credit Card Business of Commercial Banks require commercial banks not to evade the regulatory requirements of rigid deduction by increasing the total amount of credit or setting restrictive conditions, so as to prevent the risk of excessive overdraft or misappropriation of funds caused by excessive credit demand.
Extended data
The basic functions of Shanghai Pudong Development Bank credit card are as follows:
1, RMB/USD dual currency settlement
The credit cards of Shanghai Pudong Development Bank are settled in RMB and USD respectively. When the cardholder uses this card in China, it will be settled in RMB; When the cardholder uses it abroad, it will be settled in US dollars. After returning home, he can choose to return the amount spent abroad in US dollars or RMB.
2. Universal
The credit cards of Shanghai Pudong Development Bank are used by more than 20 million merchants around the world, and more than 840,000 automatic teller machines (ATMs) around the world withdraw cash.
3. Repayment in RMB in consumption abroad.
You can sign up for consumption and withdraw cash within the credit line without depositing any cash in advance, and experience the relaxed and advanced consumption mode.
4. Interest-free repayment period
Shanghai Pudong Development Bank credit card can enjoy the interest-free repayment period while experiencing the new life of the contracted account. If you sign an account with this card (excluding cash withdrawal), you can enjoy an interest-free repayment period of up to 50 days from the trading day to the due repayment date. Cardholders only need to pay off the current balance on the statement before the due repayment date, so they don't have to pay interest for these expenses.
5. Minimum repayment amount
The credit card of Shanghai Pudong Development Bank also stipulates the minimum repayment amount. The minimum repayment amount is the minimum amount that needs to be returned every month. Cardholders are free to choose this repayment method, which can not only flexibly handle their own funds, but also reduce the repayment pressure. (Minimum repayment amount and interest-free repayment period cannot be enjoyed at the same time)
6. revolving loan
After consumption or cash withdrawal, the available credit line will be reduced accordingly, but after repayment, the credit line will be restored accordingly-this is the revolving credit function! Users can decide their own consumption and repayment amount according to their own needs and financial situation. It is easy to handle, and it also avoids many repeated procedures for applying for small loans.
7. Cash withdrawal
With the credit card of Shanghai Pudong Development Bank, you can easily withdraw cash not exceeding the withdrawal limit from ATMs marked with UnionPay logo in China and VISA logo abroad for emergencies. (Withdrawal does not enjoy interest-free repayment period and minimum repayment amount)
8. Supplementary card
You can apply for a supplementary card for your family. The supplementary card and the main card share the same credit line, and all the transaction details of the supplementary card are listed on the statement of the main card in a unified way, so that the cardholder can grasp the usage of the supplementary card in time.
Baidu Encyclopedia-Shanghai Pudong Development Bank Credit Card
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