Recently, an American bank, Chase Bank, announced that it would exempt all credit card (debit card) customers in Canada, involving two types of credit cards (debit cards) issued by the bank in Canada.
What kind of bank is Chase Bank? It is a part of JPMorgan Chase Group, and JPMorgan Chase is the largest bank in the United States, with stronger profitability than China Agricultural Bank, second only to China Construction Bank and China Industrial and Commercial Bank. From this point of view, Chase Bank is really deep-pocketed, even ICBC, I'm afraid I dare not do so.
Seeing that people's credit card (debit card) debts have been cancelled, many netizens are envious: Why is this not a good thing in China? And said that waiting for domestic banks can also forgive all credit card (debit card) debts. Some netizens said that they should quickly set up more credit cards (debit cards) of several banks in case they are smashed.
However, many netizens said that it is impossible for domestic banks to exempt all credit card (debit card) debts. In fact, everyone understands this truth. Even those who want banks to forgive credit card (debit card) debts are just expressing a good wish. I don't think anyone really thinks that banks will do this.
In fact, there is a reason for this bank to forgive all credit card (debit card) customers' debts so generously, because it has planned to completely withdraw from the Canadian market, and it feels that it is not cost-effective to continue to demand debts from customers, so it simply forgives all debts.
So this kind of good thing only happens once, and it can't happen again. Even Canadians will never see this bank's credit card (debit card) again.
This can't help but make people think that if a bank in China goes bankrupt or withdraws from the credit card (debit card) business, will it have the opportunity to be exempted from all credit card (debit card) debts? I'm afraid this possibility is still not too great.
Customer's credit card (debit card) arrears can be said to be one of the bank's high-quality assets. Even if the bank goes bankrupt or no longer engages in credit card (credit card) business, I am afraid it will not give up this part of assets easily.
Even if you can't continue to recover the arrears, you can pack them and sell them to other banks. As long as the price is right, I believe many banks are willing to take over. But if the credit card (debit card) customer is completely exempted from the arrears, then there is nothing. I believe that any bank will calculate the abacus.
Even foreign banks, if they are in China, may not dare to do so. Although the credit card (debit card) penetration rate in China is not as good as that in some developed countries in Europe and America, the number of credit cards (debit cards) is not small because of its huge population base.
The number of credit cards (debit cards) in use in China is 690 million, and the per capita card holding capacity is 0.49. Look at Canada again. Although the number of cards per capita has reached 2-3, the total number of credit cards (debit cards) is less than one-sixth of that of China, based on the Canadian population of 37 million.
If a foreign bank is engaged in credit card (debit card) business in China and has been operating in China for more than ten years, how can the credit card (debit card) issuance amount start at 6,543,800+in such a huge market as China? If each credit card (debit card) owes 1 000 yuan, it is 1 100 million yuan. If you let a bank give up so much money at once, it will be painless.
Therefore, it is unrealistic to expect banks to forgive all credit card (debit card) debts in China. It is better to pay back the money honestly and not to think about those unrealistic things.
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