Are bank credit card sales guaranteed?
No.
Because of the hidden dangers of door-to-door credit card sales, when walking on the road now, in addition to dealing with the person who sends you the credit card, you also have to deal with the person who is looking for you to apply for a credit card. These people who apply for credit cards will not only sell on the road, but also take the initiative to sell at home or office, so bank credit card sales are not guaranteed.
Banks are financial institutions established in accordance with the law to engage in currency and credit business. They are the product of a commodity currency economy that has developed to a certain stage.
Why are the people at the bank chasing you to apply for a credit card! Give gifts when you apply for a card. What’s the trick behind it?
People from the bank are after you to apply for a credit card and give you gifts. There is no trick to apply for a credit card. The credit card issuance business is one of the basic businesses of the bank. What the bank makes is the procedures and installments of the credit card after you swipe the credit card. Interest and fees on cash advances. So why are banks so keen on promoting credit cards?
The reason why banks enthusiastically promote credit cards is mainly based on benefits
First, credit cards have annual fees. Generally speaking, the monthly fee is at least three yuan, and one card costs one That's thirty-six yuan a year. If you have thousands of cards, this is a huge income.
Second, users are encouraged to use credit cards to make purchases, and fees can be collected from sellers. For example, for a credit card purchase of 1,000 yuan, a processing fee of 50 yuan can be charged from the seller.
Third, if credit card users have deposits, they can make money from the interest rate difference between deposits and loans.
Fourth, credit card users can be charged high interest and liquidated damages if their overdraft is overdue.
Fifth, some banks will use clever pretexts to make illegal money. For example, some banks hire third parties to encourage users to use a financial product called So-and-So Gold through telephone sales. Although it is claimed to be interest-free, it will charge high handling fees, which is converted into interest, which is approximately equivalent to about 18%. It's actually fine.
Credit card business can increase intermediary business income for banks and provide calculated wages for managers
For banks, credit cards can be regarded as a profit weapon for banks. Although there is an interest-free period for consumers on credit cards, as long as they are not overdue, they will basically not incur any fees. However, when making purchases, a certain handling fee has been charged to the merchant, and once it is overdue, the bank will charge high interest rates. . Generally speaking, overdue interest is calculated based on the daily interest rate of 0.5%, and the annual interest rate is 18.25%.
Now banks are vigorously promoting credit card installments. The monthly rate for repayment in 3 installments is about 0.8%, which translates into an annual interest rate of 14.34%; for 12 installments, the rate is 0.73%, and the annual interest rate is 15.79%. It can be seen from the 2021 semi-annual reports of major banks that China CITIC Bank's credit card business revenue in the first half of the year was 28.463 billion yuan, China Merchants Bank, 41.662 billion yuan, and the four major banks had more. This shows that banks are really making a lot of money with credit cards.
As for the handling staff, the salesperson can also get a high amount of pricing (commission). A credit card is generally priced at 50-100 yuan by banks, and some can reach about 150 yuan. How many cards can be used in a day and a half? , the income is considerable. Therefore, there are situations where bank employees chase people to apply for credit cards.
Questions about applying for a credit card
Many people may have questions. If I apply for a credit card, use the card without installments, and repay the loan on time before the monthly expiration date, then the bank will not Can’t you earn my money and handling fees? In fact, our thinking is too simple. People who often use credit cards know very well that if you often use credit cards, it means that we are already short of funds and use them too often. In addition, the bank calls you to apply for installments. , it is difficult not to make installment payments. Nowadays, many credit cards that provide installment plans for renovations and installment plans for car purchases only earn installment fees, and the rates are not low.
The days when banks chase you to apply for credit cards may be gone forever. If you have a large credit card, you should cherish it, maintain good card usage habits, and maintain a high credit limit. Due to the requirements of regulatory authorities such as the China Banking and Insurance Regulatory Commission, banks are now becoming more and more strict in issuing credit cards. They are not chasing you to apply for a card. Not everyone can apply for a large credit card, that is, a credit card exceeding 50,000. The bank will also strictly review the financial status of the applicant to prevent the card user from not paying back the card after it is issued, and malicious overdraft causing the credit card to become overdue. Some people still need to find someone and connections to apply for a large credit card.
Banks are not charities, and promoting credit cards is just a commercial activity. As a consumer, you still have to decide whether to handle it based on your own situation. Otherwise, without a reasonable concept of consumption, it is easy to become a "card slave".
Why do bank people always chase you to apply for a credit card? What "routines" do banks use to promote bank cards?
When you need a product you need but don’t have much cash, some people will choose to spend money “ahead of time” and use credit cards, Huabei, etc. to prepay for products beyond their affordability. Credit card is a very common payment method and can be said to be a very common means of consumption.
According to incomplete data, the total number of bank cards currently owned in China is 79 million, with an average of 0.56 per capita, showing the purchasing power and purchasing power of the Chinese people. Why do some employees occasionally recommend you to apply for a credit card when everyone has one? There must be something fishy here.
The reason why credit card services are offered to customers via phone calls, text messages or even in conjunction with other mobile applications has everything to do with the huge benefits it brings.
At present, my country's credit card business mainly includes six parts: First, enterprises must provide customers with a fixed handling fee. If the customer pays by credit card, then a certain fee is deducted from the payment amount. Second, you pay in advance. If you pay in advance and the money is not paid within the specified period, your bank will set a different interest rate for you, and the fees charged will be different according to your requirements. ; Third, withdrawal is not to make money, but to provide cash to customers. If your withdrawal is successful, your bank will pay you a certain rate. The fourth is interest. Every bank has an overdraft rate of 5%, and the annual interest rate is 18.25%. That is to say, you have to pay 182.5 yuan more for a thousand yuan; the fifth is the annual handling fee. Nowadays, many domestic bank cards have stopped using this business. Although the profit is not high, it only accounts for a small amount of money for the bank; sixth, late payment requires a penalty.
These six methods are the six major sources of bank credit card business, and the reason why bank employees desperately recommend them to customers is because they see the rich benefits contained in them. This is a lot of business, and it is also A big deal. For example, a new credit card jointly launched by Meituan and Jiangsu has a total of 2.5 million credit cards, one million of which are new, giving these banks potential customers.
After using a bank card, paying the money in advance does not mean that you can not repay the money, nor does it mean that you can not repay it. You have to be responsible for your actions. Therefore, we should use our credit cards reasonably based on our own situation and current economic situation, and try not to use credit cards as much as possible. When you're stuck here, you'll never get out, and you can think of your credit card as a means of payment rather than a means of survival. Many times, we rely on our own income and abilities. When you apply for a credit card with a large limit from a large company, you have to ask yourself whether you need to apply for a credit card and whether you can pay off the maximum limit at once. Even if you can't, I recommend you to be content with your life, and using credit cards will only lead to you spending too much and eventually walking into a money trap.
Why is it increasingly difficult for banks to promote credit cards?
One of the very important reasons: many people have credit problems and cannot get a credit card!
It is becoming more and more difficult for banks to promote credit cards. Personally, I think the main reasons are as follows:
The advantages of WeChat and Alipay payment are safety, convenience and speed. People are becoming more and more accustomed to using WeChat and Alipay to pay, which will inevitably greatly affect the development of credit card business.
The amount of overdue credit card payments continues to rise, leading to frequent violent collection of repayments. This is a wake-up call for users to use credit cards rationally.
There are more and more overdue users and a poor credit card usage environment, which will lead to a decline in credit card reputation, thus affecting new users' impression of credit cards.
That is, banks must make the overdraft (installment) interest rate public so that users can clearly know what the overdraft (installment) interest rate is. In the past, banks generally only displayed the daily interest rate, but did not disclose the overdraft (installment) interest rate (usually 18% or higher), leaving users ambiguous about the installment fee.
This transparency of interest rates can make users use credit cards more rationally.
In the past, banks generally did not investigate users’ debt status when promoting credit cards. Now, banks have raised their risk levels, and it will be difficult for users with multiple debts to apply for credit cards.
Nowadays, young people are not burdened with debts
Who still uses credit cards when Alipay is so convenient?
My Guangfa used to have a lot of overdraft consumption pressure, and it was always overdraft. Derate. Later, when I had some money, I immediately paid it back and canceled it. Not long after, GF started selling credit cards to me again. It’s not that I don’t use it, it’s that I don’t dare to use it. If I overdraft an extra dollar this month and don’t earn enough next month, I’m digging a dollar pit for myself, which few people can grasp.
There are many credit card application channels, many agencies, many financial credit insurance companies can apply for it, and you can only drink northwest wind when selling them
I don’t have a credit card now, and I always feel that it is not my own money. I am not practical, and I am too lazy to take advantage of the discounts there. Those who tend to spend some non-essential expenses on their own. My husband has one, which is limited to daily expenses and will be repaid next month. Doesn’t he live like a person in his early thirties? [ Smile]
1. Because I have already applied for a credit card in the early stage, the number of cards is sufficient
2. Apply for fewer credit cards to prevent early consumption and difficulty in repaying in the future
3. When applying for a credit card, you need to check your credit report once. Too many inquiries will have an impact in the future
I received a call from the Bank of China Credit Card to promote the credit card
The Bank of China Credit Card Customer Service Hotline is 4006695566 , and Bank of China will not ask you for card information over the phone when organizing relevant activities. Please pay attention to the confidentiality of your personal information and do not disclose it to anyone to avoid risks.
The above content is for your reference, please refer to actual business regulations.
Why are banks now vigorously promoting credit cards?
The reason why banks always promote credit cards is because it is related to performance.
The bank successfully promoted credit cards to customers, and when customers applied for them, their performance increased. And applying for a credit card can help increase user stickiness. Because credit cards often provide many activities, such as redeeming points for gifts, customers participate in the activities, the cooperative merchants make profits, and the bank can also obtain a certain amount of profits. And if customers recommend these activities to their friends, they will also increase their consumer base invisibly.
In addition, many people will associate their bank’s debit card with their credit card for automatic repayment. In this way, customers will continue to deposit money into their debit cards, and savings deposits are also one of the important sources of profits for banks.
Also, banks can make relatively large profits by promoting credit cards to consumers. After all, many credit cards charge annual fees, and many credit card businesses charge certain handling fees, such as cash withdrawals and installments. If the credit card is not repaid in full within the specified period, the bank will also charge interest.
Consequences of an overdue credit card:
1. Liquidated damages, usually 5% of the unpaid portion of the minimum repayment amount.
2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.
3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.
4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.
That’s it for the introduction of bank credit card promotion.