This year is really a leap year. A series of new regulations related to credit cards are being implemented under the promotion of the central bank, but many babies still don’t know, so in order to make the baby use the credit card more like a duck, today the biscuits come again. Give everyone a general knowledge of pull ~
Reform 1: The late payment of the gold to change the liquidated damages, the proportion of the bank decided. In the past, if the credit card due date was repaid, our repayment amount was still lower than the minimum repayment amount. In this case, the bank is required to charge late fees for the part of the minimum repayment amount that has not been paid. In the new regulations, the central bank canceled the credit card late payment fee, but this is not to say that it is not necessary to pay the penalty, but to change the bank to collect "liquidated damages." Therefore, before we apply for a card, we must consult the bank about the proportion of “liquidated damages†and choose the most cost-effective and economical bank.
Reform 2: The longest interest period or more than 60 days. The new regulations have abolished the maximum interest-free repayment period of 60 days. The length of the interest-free period of different banks is different. In the future, it will be determined by the issuing bank itself. Therefore, everyone will not have the same interest-free repayment period in the future. The bank will customize the differentiation plan according to personal credit information, repayment habits and personal preferences. Whether the bank extends the interest-free period or shortens the interest-free period is an important reference indicator for which credit card we choose to choose in the future.
Reform 3: The minimum monthly repayment amount is the bank's final say. The minimum repayment amount in the first month, the current regulation is 10% of the overdraft balance of the month, and the new rules are determined by the card issuer. For babies who are not well-funded and have poor repayment ability, the lower the minimum repayment amount is undoubtedly the best choice. But the babies still have to keep in mind that after the minimum repayment amount, the bank will charge the overdraft interest.
Reform 4: The overdraft interest rate is expected to fall by 30%, and the upper and lower limits are managed. The minimum is 0.7 times the daily interest rate of 10,000. In the latest "Notice on Matters Related to Credit Card Business", the current unified credit card overdraft interest rate standard was abolished, and the upper and lower range management of "five tenths of a thousandth - three ten thousandths of a million" was implemented. Moreover, the credit card overdraft calculation method, whether the overpayment interest is paid and the interest rate standard are determined by the card issuer. Therefore, in the future, you should learn to compare and choose banks with low interest rates.
Reform 5: ATM cashing up to 10,000 per card per day. Credit card pre-borrowing cash business includes cash withdrawal, cash transfer and cash refill. In the new regulations, the limit for the ATM machine to handle credit card cash withdrawal business is raised from the current daily cumulative amount of RMB 2,000 per card to 10,000 yuan.
Reform 6: The bank has to pay a reasonable amount of money after being stolen. In the past, if the baby's credit card was stolen, the bank basically did not take any responsibility, and all the consequences were for the baby to bear. After the implementation of the new regulations, the issuing bank needs to make reasonable compensation for the transactions authorized by the card holder through commercial insurance and accrual risk compensation funds. In other words, after the credit card is stolen, the bank can't get it done.
From the perspective of this year's new regulations, the dominant power of the banks is greater, and the competitiveness of each family will be stronger in the future. Therefore, we need to do more credit cards and “shop aroundâ€.
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