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What if the credit card can't afford it? What new rules can play a restrictive role?

People's life has changed, and the concept of consumption has also changed. Many young people like to spend in advance. When their income level cannot match their consumption level, credit card has become a good choice for them. For banks, issuing credit cards can make profits, but there are also some problems. What if the credit card can't afford it? What new rules can play a restrictive role?

It has been more than 30 years since the introduction of credit cards, and the penetration rate of credit cards has exceeded 65%. However, the more credit card holders there are, the higher the overdue amount of credit cards, and the upward trend. According to reports of relevant institutions, by the end of 2018, the total amount of overdue credit cards and outstanding credit loans reached 78.861 billion yuan, Compared with 88 billion yuan in the previous quarter, it has decreased by about 10%. But I can't look directly at such huge data. I believe many friends will have this feeling: they suddenly find that their credit card bills are getting worse and worse. What's the reason?

In fact, the credit card has an interest free period when it is used, but the premise is that it should be used in the right way. On the contrary, the interest will be very high. If it is only good for normal consumption, but if it is used for cash withdrawal or installment, it will not enjoy interest free treatment. On the contrary, it will have to pay cash withdrawal handling charges, interest, installment handling charges, etc. in this way, the interest alone will be very high. In addition, the amount of credit card is equivalent to the money of credit card. Although they don't own it, they can use it if they want. Driven by desire, many people will choose to spend with credit card. Many friends will think that they spend now and pay it back next month, but it's an impulsive consumption, which is likely to take a long time, Credit card bills will become more and more difficult to pay off. Therefore, the purchase desire should be appropriately restrained, and try to repay within the interest free period.

In addition, according to relevant reports: in 2019, people's credit is becoming more and more important, and there have been some new changes in the rules of credit cards. What have changed? First, in the past, the interest free period of credit cards was limited by time. According to different banks, some may be as long as 60 days, or at least 25 days if it is short. However, this year's new regulations do not specify the limited time, but each bank determines it according to its own situation and the credit situation of credit card holders. The better the credit, The interest free period is relatively long. In general, the interest free period will be shorter. This change enables banks to control the risk of Credit Card cardholders. In addition, the limitation of interest free period is more flexible and convenient for cardholders.

In the past, the minimum repayment amount was basically 10% of the bill amount, but now the minimum repayment is also stipulated by the bank. The bank determines it according to the credit rating of the cardholder. If the credit rating is high, the minimum repayment will be relatively small. On the contrary, the minimum repayment will be increased. Therefore, the high and low of the minimum repayment also depends on the credit rating of the cardholder. Third, the cancellation of late fees does not mean that they will not be paid if they are not paid, nor will they be fined. Instead, they will charge 'liquidated damages', which has the greatest impact on service fees such as liquidated damages and cash withdrawal handling fees. No interest can be charged. Fourth, if the credit card withdraws cash, it must be paid off in full when the next bill is repaid. Before, the repayment after withdrawal can only pay the minimum repayment. This provision is not very friendly to friends with short-term use and shortage of funds, but at present, only a few banks have implemented this provision, but Xiaobian believes it will be implemented slowly, and the cardholder needs to be prepared. Fifth, the new regulations also stipulate that the collection range of overdraft interest beyond the interest free period is 0.05% to 0.035%. Banks can collect overdraft interest according to the cardholder's credit rating. At this point, compared with the previous 5 / 10000, it has also decreased, but only if the credit rating is higher. The above five points are the most important five points in the 2019 new regulations. Have you learned them?

Recently, according to relevant reports, there are many cases of overdue repayment of credit cards and receiving reminder information. All banks have increased the risk assessment of credit card limit. Due to various factors such as large changes in the personal financial status of credit card holders, banks will also evaluate the credit rating of credit card holders, so as to appropriately increase or reduce the credit limit of credit card holders, Serious and even sealed cards, so reasonable consumption is the most important.