Starting from January 1, 2021, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled. (The original upper limit was 0.5% of the daily interest rate, The lower limit is 0.7 times the daily interest rate of 5/10,000). ?

What impact will such changes have on the daily lives of ordinary people like us? The following is my personal opinion.

1. Credit card overdraft interest rates will be more differentiated?

This situation will definitely happen, because since the interest rates can be negotiated, it means that each bank may There will be certain differences. Each bank can also set different interest rates based on its own conditions and development direction. Some smaller banks can also attract more customers to accelerate their development by lowering their interest rates. This is obviously more conducive to the activity of credit cards in the market. Another difference is the gap between people. Some people may have higher creditworthiness, so the interest rate they need to bear is lower. If their creditworthiness is relatively low, the interest rate they may bear is higher. This also Can better control people's behavior.

2. Some online loans will be greatly affected

This implementation means that interest rates will drop. At this time, some online borrowing methods such as JD Baitiao Huabei will There is a certain impact, because in comparison, credit cards not only allow you to borrow more money, but also have lower interest rates. Under this circumstance, credit cards will definitely develop rapidly in the short term, and this will also promote the development trend of online loans and take some competitive factors. From another perspective, it will be more conducive to the accelerated development of both parties. Also in the future, there may be better ways to receive people, and borrowing may become a more common behavior in people's daily lives.

3. The impact of this incident on me personally.

For an individual, this is definitely a more reasonable behavior for the public. Relying on a relatively high credibility to reduce one's own interest rates not only restrains the behavior of some illegal individuals, but also promotes competition between industries, as well as borrowing methods and development speed. I think this is a very good method. In the current situation where online loans are so frequent, the strategy of withdrawing from credit cards can not only help people make better loan choices, but also reduce the stress in people's lives. At the same time, it also poses another challenge to online loans, and perhaps there will be better strategies in the future.

A loan is a loan after all. Each of us must recognize our own strength and living conditions. Sometimes it can indeed solve many urgent needs, but sometimes it leads people to the entrance to the abyss. People's credibility is also becoming more and more important.