No.

According to the "2013-2017 China Credit Card Industry In-depth Research and Investment Strategic Planning Analysis Report", since 2010, in order to curb the rapid rise in asset prices and control inflation, the Chinese government has implemented a sound monetary policy. And adopted a series of moderate tightening measures, indicating that macro-prudential and strengthened capital supervision have become the core of China's banking industry supervision. Various tightening money supply operations and capital constraint policies have an impact on the liquidity level, credit lending rhythm and structure of Chinese commercial banks. All had a profound impact.

The evolution of the industry structure has further optimized and diversified the product portfolio, and also increased research and development efforts on new industry standards and mobile payments; credit penetration has deepened; and the installment business has developed in depth. In February 2012, the bank confirmed that credit cards without passwords are more secure, and they share the responsibility for any fraud. Enjoy an interest-free period of 25-56 days (or 20-50 days). Card consumption enjoys an interest-free period, and there will be no fees if you pay off the bill before the due date.

Extended information:

Credit card related information:

1. The card-issuing bank should provide information inquiry services through bank websites, card manuals, electronic banking, etc. Publicize credit card products and services, instructions for use, articles of association, usage contracts (agreement), charging items and standards, risk warnings and other information to cardholders through multiple channels.

2. The card-issuing bank should provide reconciliation services. The statement should at least include the transaction date, transaction amount, transaction currency, transaction merchant name or code, current repayment amount, current minimum repayment amount, due repayment date, precautions, card-issuing bank service phone number and other elements. The specific form of reconciliation service shall be agreed upon by the card-issuing bank and the cardholder.

3. When the card-issuing bank provides statements and other service vouchers to cardholders, it shall partially block the credit card number and shall not display the complete card number information. Except for business vouchers printed at bank counters.

Baidu Encyclopedia-Credit Card