1. The applicant is over 18 years old and has full capacity for civil conduct.

2. Able to provide valid identity documents.

3. Have a stable job and income, and provide valid proof of employment or income.

4. The personal credit report is good and there is no bad credit record.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on the Provisions on Credit Cards of the People's Republic of China and the Criminal Law of the People's Republic of China") refer to those issued by commercial banks or other financial institutions. It is an electronic payment card with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc.

Extended information:

New regulations on credit cards by the People's Bank of China:

1. Implementing step-by-step and progressive reforms will help card issuers in their transition. During the period, pricing data and experience will be further accumulated to guide it in improving the credit card interest rate pricing mechanism.

2. The credit card risk control and pricing capabilities of each card issuer are uneven. Guidance on upper and lower interest rate limits will help prevent individual card issuers from blindly cutting prices and engaging in price wars, resulting in unfair competition and high-risk customers. Excessive borrowing will increase credit risks and cause partial chaos in the market.

3. While the information disclosure mechanism needs to be strengthened, setting an upper limit on overdraft interest rates will help prevent individual card issuers from unreasonably charging excessive interest and protect the legitimate rights and interests of cardholders.

Baidu Encyclopedia--Credit Card