A person has multiple credit cards, maxing out one and then changing to another. In response to the phenomenon of "one person has multiple cards and multiple credit extensions", the Shanghai Banking Regulatory Bureau issued a risk warning to all commercial banks in Shanghai on March 28, requiring all banks to fully consider the total credit card credit extensions that cardholders have obtained from other banks when issuing cards to avoid The cardholder is unable to repay due to a large accumulated credit limit and a large amount of overdraft.

"Building large banks" creates risks

This is the second time recently that the Shanghai Banking Regulatory Bureau has issued a reminder about credit card risks. In September last year, in response to the problem of college students using cards and being unable to repay overdrafts, the bureau required banks to strictly examine the qualifications of college students to issue cards.

It is reported that the Shanghai Banking Regulatory Bureau has received many complaints recently, reflecting that some cardholders who hold credit cards from multiple banks are unable to repay because their credit limit far exceeds their repayment ability. Bank funds are at risk of loss.

Sources from the Shanghai Banking Regulatory Bureau said that some commercial banks are motivated by profit to seize the market, intentionally or unintentionally ignoring that cardholders have held credit cards from multiple banks and have accumulated higher credit limits, resulting in Shanghai In the credit card market, there is a phenomenon similar to that of commercial banks “building large players”.

In addition, when investigating 304,000 credit cards issued by five credit card centers within five working days, the Shanghai Banking Regulatory Bureau found that long-term credit had accounted for 34% of the total number of cards issued. The more credit cards a cardholder holds, the higher the total credit granted. Among them, the per capita credit limit for cardholders with 2 credit cards is 7,100 yuan, and the per capita credit limit for holders with 3 to 5 credit cards is 18,600 yuan.

Therefore, the China Banking Regulatory Bureau requires all commercial banks to improve the credit card credit management system to avoid excessive credit limit accumulated by cardholders caused by multiple banks' multiple credit extensions.

Calling for the "Bank Card Regulations"

Yesterday, a reporter from the Morning Post inquired about the credit card service hotlines over the phone, and what he heard was still "If you have other bank credit cards, it will be easier to apply for our card." It will be easy to get approved and the quota will be increased accordingly."

At the same time, although the China Banking Regulatory Commission has made it clear that "the upper limit of credit card overdraft limit of each commercial bank has not changed and is still 50,000 yuan," in fact, the newly launched "Platinum Card" and "Diamond Card" of each bank This limitation has already been exceeded. Among them, such as China Construction Bank Diamond Credit Card, Bank of China Great Wall International Platinum Card, Minsheng Bank Diamond Credit Card, etc., the overdraft amount ranges from 100,000 yuan to 500,000 yuan to as high as 1 million yuan, 3 million yuan to 5 million yuan.

“Nowadays, banks are basically issuing credit cards out of disorder. The main reason is that the proposed “Bank Card Regulations” have not been promulgated for a long time.” In this regard, senior analysts in the banking industry pointed out, "There is no clear statement on who should issue credit cards, how to manage card issuance, and how to determine credit limits."

According to the Shanghai Banking Regulatory Bureau's acceptance of letters and complaints, in 2007 credit cards have become a popular choice for citizens. The business with the most complaints accounted for 16.13 of the total complaints.