Now many people use credit cards in their lives, because credit cards can advance future income and meet current consumption needs. Therefore, for many people who are not rich in cash, credit cards can help them solve great problems and burdens. Now major banks have credit cards. Many banks will launch various gift giving activities in order to enable consumers to choose to use their own bank's credit card, but gift giving does not mean that it is the most cost-effective to use this bank's credit card. So what kind of credit card should I choose? The purpose of this article is to analyze and choose which bank's credit card is better from the aspects of preferential policies, repayment period, relevant expenses and application conditions. For your reference and choice, let's have a look.
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Preferential policy: China Merchants Bank has the most tricks
CMB credit card is a credit card with high user recommendation. The threshold for application is low, and there are many frequencies and patterns of preferential activities. Among them, its integral activities are very popular, and the integral is permanently valid. In addition to the exchange activities of small points and great fun, there are many activities of doubling points.
Ms. Xu, who is engaged in the procurement industry, said that she could enjoy three times the points when she used China Merchants Bank to book air tickets and hotels. Before, there were more and five times the points. Moreover, the plane delayed taking off for two hours, and the bank would take the initiative to pay 200 yuan to the passenger's savings card with the same name. For people who need to travel frequently, she felt like buying an insurance. In addition, the reporter found that there is a brand 50% discount zone in the points mall of China Merchants Bank's credit card, where the goods of feishile, Philips and duoshiwu can be exchanged with half of the points.
Although the exchange activity of half of the credit card points of China Merchants Bank is very cost-effective, compared with other banks, the accumulation of credit card points of China Merchants Bank is more difficult - 1 point for RMB 20 and 1 point for us $2, and there is no rounding. The amount of regular shopping less than RMB 20 or US $2 is ignored and will not be scored. Online shopping can only buy from merchants that support 'direct payment by credit card', To get points.
Compared with China Merchants Bank, the credit preferential activities of BOCOM seem to be less in general, but the threshold for bidding is also lower. Ms. Cai, who is waiting for dinner with friends, told reporters that the preferential activities of the Bank of communications can be said to cater to the mood of office workers who want to 'fly' every Friday. Among them, the "hottest Friday" activity is close to the people and practical. Most of the convenience stores, Starbucks, restaurants, supermarkets, gas stations, takeout, fresh food, flowers, cakes and snacks can enjoy a maximum discount of 50%.
Ms. Cai's friend said that she is also a credit card user of Bank of communications. The credit card of Bank of communications also has the privilege of direct cash return. For example, new customers who spend more than 100 yuan on Friday for the first time can get a 50 yuan credit card gold, 30 yuan for mobile banking activation and 40 yuan for automatic repayment. Then they go to the supermarket every Friday to use a PU card or gold card to spend 128 yuan, 5% for cash return and 10% for platinum card, There are also discounts such as' 10 yuan to see a movie 'every month. More importantly, the point system of Bank of communications is 1 yuan and 1 point. If the consumption is high enough, you can even change to air tickets.
But they make complaints about it: 'SMS prompts for bank cards need to be opened at 4 yuan &lsquo per month. Four Seasons & rsquo; The service should be opened for at least one quarter at a time. It's not that I love these four yuan, but many banks offer this service free of charge, so I always feel uncomfortable. "
The credit card processing threshold of China CITIC Bank is low, and the preferential activities are very innovative. When Wang entered the workplace, he told reporters that awesome credit card scores were not worth the money, but there were 9 activities in the CITIC Group. 9 points could be exchanged for a Starbucks or 35 yuan book.
In addition, I learned from the customer service department of CITIC credit card that CITIC platinum card, known as the most cost-effective card, has practical services: Platinum medical treatment, VIP travel, aviation support, accelerated points, etc.
In addition, Xiao Wang also mentioned that CITIC platinum card is free of annual fee. You can enjoy the policy of free annual fee for the first year if you swipe your card for consumption (including cash withdrawal) within 60 days. However, it is worth mentioning that CITIC credit card requires a card swiping consumption within 30 days after card verification, otherwise an annual fee will be charged.
Repayment term: the overall difference is small
According to the survey, different banks have different requirements for the repayment period of credit cards. In terms of repayment period, we need to pay attention to three periods, namely account sheet date, due repayment date and interest free repayment period, of which interest free repayment period is particularly important.
Billing date refers to the date when the issuer summarizes the accumulated outstanding consumption transaction principal, cash withdrawal transaction principal and expenses of the cardholder every month, settles the interest, and calculates the amount payable by the cardholder; Due repayment date refers to the last date specified by the issuer that the cardholder should repay all or the minimum repayment amount; The interest free repayment period refers to the period between the bank account date and the due repayment date for consumer transactions that can enjoy interest free treatment on the premise that the cardholder repays all the amounts payable before the due repayment date (inclusive).
Each bank's credit card has one thing in common in the interest free repayment period, that is, the length of the interest free period is different for different card consumption days, and the longest interest free period is enjoyed the day after the bill date.
The credit card bill date of China Merchants Bank can be set to the 5th, 7th, 10th, 12th, 15th, 17th, 22nd and 25th of each month. The cardholder can modify the bill date through the credit card customer service telephone of China Merchants Bank. The due repayment date is the 18th day after the billing date (regardless of size). Interest free repayment period: the longest interest free period of CMB credit card is 49 days and the shortest is 19 days.
In addition, it is understood that the credit card account sheet date and the final repayment date of China Merchants Bank can be modified as needed, but only twice a year; After modification, pay attention to the repayment date and amount to avoid overdue.
The billing date of credit card users of Bank of communications is different. The billing date and due repayment date of the user will be written in the envelope when issuing the card. If users forget, they can call customer service to inquire, or inquire through official wechat. Generally speaking, the due repayment date is 25 days after the bill date, while the longest interest free period of BOCOM credit card is 56 days and the shortest is 25 days.
The monthly bill date of China CITIC Bank credit card is generated with the system. It is fixed for each cardholder and cannot be changed. The last repayment date is 19 days after the bill date (excluding the bill date). For example, the billing date is the first day of each month, and the last repayment date of the statement on May 1 is May 20; The billing date is the 15th of each month, and the last repayment date of the statement on June 15th is July 3rd (the last repayment date is different between large and small months). Interest free repayment period: the longest interest free period of China CITIC Bank credit card is 50 days and the shortest is 20 days.
Generally speaking, compared with the above bank credit cards, the due repayment date of most banks is 20-25 days, the longest interest free period is 49-56 days, and the shortest interest free period is 19-25 days. In essence, the difference is not great. Users can choose according to their own needs.
At present, each credit card of the bank has a repayment grace period of at least 3 days. Generally, the bank will automatically grace without applying. For details, you can call the official customer service telephone of the credit card of the Bank of communications.
Related expenses: ICBC card supplement fee is only 5 yuan
"I have handled the credit cards of ICBC, China Merchants Bank, China CITIC Bank and Bank of communications. I only know that a certain proportion of liquidated damages must be paid for exceeding the repayment period, but I really don't know what fees will be incurred when using each bank's credit card," citizen Miss Liu told the morning post.
Citizens will incur some expenses in the process of using credit cards, such as cash withdrawal handling fees, liquidated damages, overrun fees, over payment, etc., but in fact, citizens are not clear about the specific expenses and amount of expenses incurred by using credit cards.
After sorting out the credit card related fee information of China CITIC Bank, Bank of communications, China Merchants Bank and industrial and Commercial Bank of China, it is found that among the four banks, the cash withdrawal service charge, minimum repayment charge and installment rate of Bank of communications, China Merchants Bank and industrial and Commercial Bank of China are lower than those of China CITIC Bank, while the excess payment is higher than that of China CITIC Bank; The loss reporting fee is the highest in China Merchants Bank and the lowest in industrial and Commercial Bank of China; The card replacement fee is 5 yuan for ICBC and 15 yuan for the other three banks.
The maximum cash withdrawal ratio of CITIC Bank credit card is 30%, the cash withdrawal handling fee is 2% of the cash withdrawal amount, and the minimum domestic charge is 20 yuan; The minimum repayment amount is 10% of the current month's bill and the daily interest is 0.05%; If the repayment amount is lower than the minimum repayment amount, 5% liquidated damages shall be paid, with a minimum charge of 20 yuan / 2 US dollars / 20 Hong Kong dollars / 2 euros; The over limit fee is 5% of the credit limit; If the deposited amount exceeds the arrears, 0.3% of the excess payment shall be charged when withdrawing; The maximum installment rate is 18% for 24 phases; The loss reporting fee of credit card is 40 yuan and the card replacement fee is 15 yuan.
According to different credit card grades, the relevant fee standards of Bank of communications are also different. In terms of cash withdrawal, according to different credit card grades, the maximum cash withdrawal ratio is 50% or 100%, the cash withdrawal handling fee is 1% of the cash withdrawal amount, and the minimum domestic charge is 10 yuan; The minimum repayment amount is 10% of the current month's bill and the daily interest is 0.05%; If the repayment amount is lower than the minimum repayment amount, 5% of the liquidated damages shall be paid, with a minimum charge of 10 yuan or 1 US dollar; The over limit fee is 5% of the credit limit, and the minimum charge is 5 yuan or 1 US dollar; If the deposited amount exceeds the arrears, 0.5% of the excess payment shall be charged when withdrawing; The highest installment rate is 17.28% for 24 periods; The loss reporting fee is 50 yuan; The card replacement fee is 15 yuan.
Compared with the credit card related fees of Bank of communications, the charging methods and proportions of other related fees of China Merchants Bank and industrial and Commercial Bank of China are the same as those of Bank of communications except the installment rate, loss reporting fee and card replacement fee. Among them, the highest installment rate of China Merchants Bank is 16.32% for 24 phases, and the loss reporting fee is 60 yuan; The highest installment rate of ICBC is 15.6% for 24 periods, the loss reporting fee is 10 yuan, and the card replacement fee is 5 yuan.
Application conditions: submitting financial proof materials can speed up the card handling process
The basic conditions for credit card application are that individuals with full civil capacity and stable income and fixed residence of their work unit in the place where the issuer is located can apply to the issuer for personal credit card master card with their valid ID card and other documents required by the issuer. However, some banks also have requirements for the nationality and age of the main card applicant of the credit card. For example, some credit cards of China Merchants Bank require the main card applicant to be 18-60 years old if he is a domestic resident, and 25-60 years old if he is an overseas person.
"Because I graduated from a doctoral student, when I applied for the credit card of ICBC before, the bank staff reminded me that if I submitted a copy of my doctoral degree certificate to the bank, I could speed up the process of handling the credit card. After I submitted it, I passed the bank's audit and got the credit card," Ms. Liu told reporters.
In terms of credit card application materials, a copy of the ID card of the applicant for the domestic main card and sub card, a copy of the passport of an overseas person or a pass for Hong Kong and Macao residents to and from the mainland, a copy of a return permit for Hong Kong and Macao compatriots or a pass for Taiwan residents to and from the mainland, and a copy of a residence permit or temporary residence permit in China are necessary conditions for handling a credit card.
It is worth mentioning that if more accurate assessment and quota are required, the applicant is recommended to provide other financial certificates to the applicant bank, mainly including some work permits