Under the regulatory requirements, the transaction risk control of major bank credit cards in some real estate merchants has been upgraded since last year.
Especially since August, many banks have continued to tighten the card swiping of real estate merchants, but the implementation efforts are different. Some banks comprehensively restrict real estate merchants, and some banks set transaction limits.
Among them, the reporter learned that the merchant codes related to real estate in the credit card are: residential and commercial real estate development (merchant category code 1520), real estate agents and brokers (merchant category code 7013), real estate construction and installation engineering (merchant category code 1771), real estate management (merchant category code 6513), rental and other vacation real estate (merchant category code 7012).
Generally speaking, credit card swiping to buy commercial houses or swiping cards in real estate agents are mostly stopped. Credit card swiping to pay property fees and time-sharing houses (rental houses) are limited transactions, with a single transaction of no more than 15000 or 30000 yuan.
Buying real estate and real estate agents are prohibited from trading
Credit card transactions such as buying houses and real estate agents are restricted by some banks.
Specifically, on September 27, the credit card center of China Merchants Bank announced to strictly implement the relevant provisions on the control of the use of credit card funds as required, and set restrictions on the transactions of credit cards in some categories of merchants. Among them, the credit card of China Merchants Bank shall not be traded in real estate merchants (merchant category codes are 1520, 1771 and 7013).
On September 30, Everbright Bank announced that, according to the requirements of the regulatory authorities, Everbright Bank will control the transactions of credit card funds flowing into real estate related fields from October 8. When such merchants overdraw, Everbright credit card will lead to transaction failure.
On September 12, Industrial Bank announced that, according to the requirements of the regulatory authorities, the bank recently set restrictions on the overdraft transactions of its credit cards in some categories of merchants, and industrial credit cards are not allowed to carry out overdraft transactions in real estate merchants (merchant category codes are 1520, 7013, 7012 and 1771).
Among large state-owned banks, CCB's credit card is clear that it is not allowed to trade in domestic real estate merchants (merchant category codes are 1520, 1771 and 7013). In addition, CCB's credit card shall not be traded in domestic financial investment merchants (merchant category codes are 6012, 6051 and 6211).
There are also limit transactions for merchants such as banks buying houses and real estate agents. For the credit card of Bohai bank, it was previously announced that the single transaction amount of the bank's credit card in domestic real estate merchants (merchant category codes 7013, 7012 and 6513) shall not exceed 10000 yuan, and the monthly cumulative transaction amount of the bill shall not exceed 30000 yuan; Credit card transactions are prohibited in domestic real estate merchants (merchant category code: 1520), and real estate transactions are not allowed abroad.
Property fee, rental housing transaction limit
Property fees, rental housing, etc. are mostly limited to transaction limits.
Among them, CMB credit card sets transaction restrictions for property and time-sharing merchants (such as merchant category codes 6513, 7012, etc.). When the credit card of China Merchants Bank is traded by such merchants, the transaction may fail.
CCB announced on September 26 that it had recently controlled the transactions of credit cards in some categories of merchants. CCB's credit card transactions in domestic real estate merchants (merchant category codes 6513 and 7012) were controlled according to customers: the single transaction amount shall not exceed 30000 yuan, the daily cumulative transaction amount shall not exceed 50000 yuan, and the monthly cumulative transaction amount shall not exceed 50000 yuan, The semi annual cumulative transaction amount shall not exceed 50000 yuan, and the annual cumulative transaction amount shall not exceed 100000 yuan.
On August 30, the Agricultural Bank of China announced that, according to the requirements of the regulatory authorities, the transactions of credit cards in some categories of merchants were controlled recently. The single transaction amount of rural credit card in domestic real estate merchants (merchant category codes 6513, 1771 and 7012) shall not exceed 15000 yuan, the daily cumulative transaction amount shall not exceed 15000 yuan, the monthly cumulative transaction amount shall not exceed 50000 yuan, the quarterly cumulative transaction amount shall not exceed 50000 yuan, and the semi annual cumulative transaction amount shall not exceed 50000 yuan, The annual cumulative transaction amount shall not exceed 50000 yuan. ABC credit cards shall not be traded in domestic real estate merchants (merchant category codes are 1520 and 7013).
Ping An Bank credit card has also recently issued a notice to set restrictions on real estate merchants in accordance with relevant regulations in order to implement relevant policies on real estate regulation. When holding Ping An credit card to overdraw and consume in such merchants, the transaction may fail. Previously, Ping An required that when credit cards were traded in domestic real estate merchants, the RMB transaction amount in a single month (NATURAL month) should not exceed 30000 yuan, and the cumulative amount in the whole year (NATURAL year) should not exceed 100000 yuan.
Previously, the 21st Century Business Herald reporter learned from several sources that the supervision is strictly investigating the inflow of credit card funds into the real estate market, including domestic real estate merchants, real estate related deed taxes, etc.