How Swiss banks avoid credit card risks

While bringing convenience to daily life, recently we often hear that some young people in China cannot repay their loans and have their parents repay them. A situation where banks take some extreme measures to recover credit card debt. Like many countries in Europe, credit cards play a very important role in Switzerland. Daily consumption activities such as online shopping are inseparable from credit cards. To apply for a credit card in Switzerland, you first need to provide the necessary identity documents. For foreigners, you also need to provide copies of your passport and long-term residence permit. In addition, the bank will also ask the customer to provide a work contract or proof of income. The bank will also process the applicant. occupation and monthly income level. The application will be approved after a comprehensive review of the applicant's identity and financial status. The card is generally mailed to the customer via letter 7 to 10 days after the application is submitted. There are two types of credit cards in Switzerland. It is the same as the common overdraft credit card in our country, and you can choose to repay it in full or in installments. There is also a special type of credit card called a "prepaid card." When using this kind of card, you need to load some money into the card in advance, and then you can use it like a credit card. Strictly speaking, this kind of card cannot be regarded as a real credit card because it does not have an overdraft function, but a "prepaid card" can also complete financial services that require credit guarantee, such as booking hotels, purchasing air tickets, and online shopping, just like traditional credit cards. For people who don’t have much money and like to spend money, this kind of “prepaid card” has become a safer choice. I also specifically consulted Swiss banks on how to help young people use credit cards correctly. For example, UBS, the largest bank in Switzerland, stated that their rule is that the minimum application age for a credit card is 18 years old, because many young people in Switzerland already have income after graduating from technical schools at the age of 18, so they can apply for a credit card. For college students who are still studying after the age of 18, banks generally recommend that they apply for a "prepayment card" first, and then switch to a traditional credit card after they have a regular income in a few years.

How long does it take for Swiss Bank to issue a credit card?

Usually it takes about 7-15 working days.

Credit card application conditions:

The minimum application age specified by the bank is 18 years old, and the maximum application age is 60 years old;

My second-generation ID card is required;< /p>

Proof of employment and income stamped with the company’s financial seal;

No bad credit record;

Other proof of financial resources, such as real estate, cars, stocks, bonds wait.

Credit card application process:

Fill in the application form;

Give the bank personal information and a copy of the information;

Send it to the bank To the credit card center;

The credit card center will review, print and issue the card;

After I get the card, I will open it and wait for the password letter.

Materials required to apply for a credit card:

Applicant’s ID card;

Credit card application form from the bank;

Employment certificate and Proof of income stamped with the financial seal of the unit;

Individuals and private entrepreneurs need individual business licenses and tax bills for the past three months;

Other financial resources proof: income tax withholding certificate; self-owned A copy of the real estate certificate; a copy of the driving license of your own car.

Do Swiss banks have credit cards?

Definitely, there are basically no banks that do not have credit card business, except for a few small regional banks. The credit card business is a good segment for banks to attract customers. It can not only bring customers to the bank, but also comprehensively develop various businesses, including assets, liabilities and intermediary businesses. As a bank, this area will not be left behind.

That’s it for the introduction of Swiss credit cards.