1. Installment fee:

After a credit card applies for installment, a certain handling fee will be charged based on the number of installments, the installment rate, and the amount of the installment. of. Some are collected in one lump sum, while others are collected in installments on a monthly basis.

2. Cash withdrawal fee:

When you withdraw cash from your credit card, not only will you be charged 0.05% interest every day from the day of withdrawal, but you will also be charged A handling fee is charged. It's just that different banks have different charging standards.

However, most banks charge credit card cash withdrawal fees at 1% of the cash withdrawal amount. Some banks will also set minimum and maximum limits. The minimum payment is generally RMB10 per transaction, and the maximum payment is generally RMB50 (in).

3. Handling fee for reporting loss and re-issuing:

Credit cards will also charge handling fees when reporting loss and re-issuing. Different banks and different card types will charge different fees. For cards made with special processes, the replacement fee is relatively expensive.

4. Annual fee:

If the credit card does not meet the conditions for annual fee reduction or exemption, corresponding annual fees will be charged according to different card types.

According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a credit card that records cardholder account information, has bank credit lines and overdraft functions, and provides cardholders with relevant banking services. All types of media.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. 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 Credit Card.

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.

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 specified credit limit. The so-called credit card generally refers to a credit card only.

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).

On May 25, 2021, the Supreme People's Court issued and implemented the "Regulations of the Supreme People's Court on Several Issues in the Trial of Bank Card Civil Disputes".

Interpretation

According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a bank that records relevant information about the cardholder's account, has bank credit limit and overdraft functions, and is Various media that provide cardholders with related banking services.