Continue to promote the marketization of credit card interest rates to help credit card business compete and develop better. Recently, the central bank issued new regulations, canceling the upper and lower limits of the original credit card overdraft interest rate, which are decided by the card issuer and the cardholder. At the same time, the new regulations also require card issuers to disclose relevant interest rate information truthfully and timely to ensure that customers can know the interest rate of the first credit card. It is reported that up to now, more than 700 million credit cards have been issued nationwide. It can be said that many people have their own credit cards. However, due to the limitation of the maximum and minimum overdraft interest rates of credit cards, there is no difference in interest rates of many credit cards in China at present, and there is no difference and diversity in related services. If the central bank cancels the relevant restrictions, it can be expected that the interest rate of credit cards will be diversified in the future.

Some bankers said that in the short term, even if the credit card interest rate limit is abolished, banks will not make major adjustments, because the domestic credit card market is basically stable at present, and the overall market is close to saturation due to the competition of Internet finance, so a price war is unlikely to occur. Of course, it is also possible for some small and medium-sized banks to take advantage of the recent low interest rate in the credit card market, but from the perspective of the national market, there will not be much change in the short term. In the long run, there will be a downward trend in the future credit card overdraft interest rate, and the credit card interest rates of different banks will also change greatly in the future. Considering that the interest rates of many bank cards are above 15%, there is still a lot of room for downward adjustment in the future. Some credit card interest rates with a daily interest rate of five ten thousandths will definitely be lowered.

However, some analysts said that in the future, credit card services will be more differentiated, and banks may provide more diversified credit card services. Through the assessment of customers' risk ability, they will make data portraits of customers and provide different credit card services. Customers with good credit, strong risk tolerance and high income may enjoy lower credit card interest rate, while customers with high risk and low income not only have limited credit card quota, but also have higher credit card loan interest rate, which is in line with the bank's income and cost balance.

Banking analysts of securities companies also said that the interest rate will be the highest in the future. After the minimum limit is cancelled, some customers with low risk tolerance may be improved. Because banks also control risks and recover loans as soon as possible, the credit card market will be more flexible in general. This policy change is an opportunity for small and medium-sized banks to break through the market competition through more flexible interest rates.