From the data point of view, on the contrary, more and more people are applying for credit cards, and the limit is getting larger and larger. For example, data from the "2018 China Credit Card Industry Analysis Report - In-depth Market Survey and Development Prospects Research":
1. As of the end of 2017, the number of credit cards and debit and credit cards in use nationwide totaled 588 million. credit cards (0.39 per capita), a year-on-year increase of 26.35% (an increase of 7.60% in 2016). In 2017, 123 million new cards were issued, and the average number of credit cards held per capita was 0.39, a year-on-year increase of 25.82% (an increase of 6.27% in 2016); credit cards and The total credit granted by integrated lending and borrowing cards was 12.48 trillion yuan, a year-on-year increase of 36.58% (an increase of 29.06% in 2016); the balance of bank card credit repayable was 5.56 trillion yuan, a year-on-year increase of 36.83% (an increase of 23.63% in 2016).
The average growth rate of card loans of the second and four major banks exceeded 25%.
3. The credit limit of each card was increased to 21,200 yuan, and the overdue rate of credit cards fell instead of rising.
4. In 2016, the total amount of credit card transactions in my country reached 19 trillion yuan.
The older generation pays attention to saving, but today’s people born in the 80s and 90s do not pay attention to this at all. They are more like European and American methods, consuming first and paying later, which is a hot topic some time ago. ——60% of young people under the age of 35 have no savings, and the key point is that they still owe a lot of debt, including credit cards and mortgages.
Among the credit loans, third-party consumer credit loans account for a very small proportion. It can be seen from the fact that most of the third parties that cooperate with third parties are regional banks in the Northeast, and the amount of funds is very limited. Most credit loans still exist in the form of credit cards. There is no basis for more and more people to refuse to apply for credit cards.
Mortgage accounts for the largest proportion of total debt in our country, but credit cards cannot be underestimated, accounting for as high as 13% (in the third quarter of 2017). It can be said that people have become accustomed to using credit cards for consumption, so "Debt".
Although the current consumer finance is relatively prosperous, such as Alipay's Huabei, JD.com's Baitiao, Suning's Wishful Pay, etc., a large factor depends on whether users have permission to activate it. Credit system, and whether you have a credit card or not, you can know whether your personal credit report is blank.
If you don’t have a credit card, even if the Internet consumer finance authorizes you to have a consumption limit, the limit will not be much higher.
Of course, the more important thing is that credit cards can be interest-free for 20-56 days, which is much longer than the 40 days and below of consumer finance (such as Huabei, the bill will be issued on the 1st, and the repayment will be repaid on the 10th, in the case of physical goods) 10 days after confirmation of receipt, the longest is 50 days). What's more important is that consumer finance is relatively restrictive. It can only be consumed on the provider's platform, and cannot be bundled with other platforms for multi-scenario consumption.
At the same time, using more credit cards can increase the credit limit, forming a virtuous cycle in the personal credit system. With a good personal credit record, loans will be much more convenient and the limit will be higher. In contrast, in consumer finance, no amount of consumption is included in the personal credit report. At most, it is included in the credit report of hundreds of banks. Consumer finance is far less than the number, consumption level and limit of credit cards. After all, the largest financial institution is a bank, not a third-party financial institution.
It is more difficult for people who do not have a credit card to borrow a sum of money, and the amount is generally not high, including online loans with high interest rates. Therefore, those who can apply for a credit card are advised to apply for one just in case of emergency.