According to data from the central bank, the current issuance volume of credit cards and debit and credit cards nationwide exceeds 600 million, of which ICBC remains first in cumulative issuance volume. With so many credit cards, do you know what are the pitfalls and rules of credit card charges?
If you want to know the charge items and rules of credit cards, you must first know the source of credit card income:
There are three main sources of income from credit cards: interest income (including installment or overdue income), card rebates and annual fee income. The transaction volume of credit cards directly affects bank income. Except for Huaxia Bank, which has not released data, the transaction volume of 13 banks totaled 12.92 trillion yuan.
How much did you contribute to these transactions? In the process of using credit cards, do you know which charges are the most annoying? Only with this knowledge can you save more unnecessary expenses and make your credit card more profitable. Add color to our lives.
1. Cash withdrawal fees are the most annoying
Generally speaking, credit card cash withdrawal fees range from 1% to 3%. The handling fees vary from bank to bank.
2. Installment fee
The bank will call the cardholder and, based on your card usage, in order to ease your personal credit card repayment pressure, we will provide you with credit card installment payment. No interest! But that doesn’t mean there are no handling fees.
3. No annual fee
Many credit cards require cardholders to swipe a certain number of times before the annual fee will be reduced or waived. Each bank has different requirements for the number of swipes. Some banks have different requirements. times, some 6 times, some 8 times. The salesperson tells you that the annual fee is waived! But if you don’t swipe the card enough times, the annual fee cannot be avoided.
4. The annual fee is the most annoying
As long as the Ping An Bank Car Owner Card is applied for activation, the 200 annual fee will be directly deducted from the cardholder. The same is true for the ICBC Car Card, which is not waived in the first year. The annual fee is waived for the next year if you spend over RMB 30,000. The threshold for annual fee exemption is quite high.
5. Loss report handling fee
Everyone will be careless sometimes. After accidentally losing the card, you have to call customer service to report the loss. The loss reporting handling fee is different according to different banks. , generally ranging from 40-60 yuan, Ping An Bank reports loss at 75 yuan, and Beijing Bank 80 yuan.
6. Card replacement fee
If you report the loss of your credit card and want to continue using it after canceling it, you need to re-replace it. Many banks do not charge for card replacement, but Ping An will charge it. The card replacement fee is 30 yuan, so it costs 80 yuan to report a loss of 50 + 30 Ping An cards, while Xingye reports a loss of 50 and replaces a 25 card, which is also 75 yuan.
7. The overdraft limit is the worst.
ICBC applies for student cards on a large scale, and the overdraft is 1 cent. Many students who have not used the card after opening the card receive calls from ICBC to pay. I haven’t used an ICBC credit card in five years, and the accumulated annual fee plus late payment penalty and interest amounted to 547.98 yuan.
8. Liquidated damages for early repayment of installments
Currently, many banks have introduced new regulations. Early repayment of credit card installments will charge handling fees and liquidated damages. Liquidated damages charging standards It is 3% of the early repayment amount or charged according to the agreed price; for businesses where the installment payment handling fee has been collected in full, no installment penalty for early repayment will be charged, but the handling fee collected will not be refunded.
Through the above introduction, I believe everyone already knows the more deceptive charging items of credit cards.