On April 5, 20 16, the central bank issued the Notice of the People's Bank of China on Matters Related to Credit Card Business, canceling the late payment fee for credit cards, introducing liquidated damages, and prohibiting the collection of over-limit fees. At the same time, the credit card overdraft interest rate, interest-free repayment period and minimum repayment amount were adjusted accordingly. The withdrawal amount of credit cards has also increased from 2,000 yuan per card per day to 1 1,000 yuan. The new regulations will take effect on 2065438+65438+ 10/day, 2007.
1. Cancel the late payment fee and introduce liquidated damages.
The "Notice" cancels the late payment fee, and the card issuer and the cardholder agree on liquidated damages; Cancel the over-limit fee and stipulate that the card issuer shall not charge interest on the service fee.
2. You can customize the credit card overdraft interest rate.
Credit card overdraft interest rate is subject to upper and lower limit management. The upper limit of overdraft interest rate is five ten thousandths of the daily interest rate, and the lower limit of overdraft interest rate is lowered by 30% on the basis of five ten thousandths of the daily interest rate. The calculation method of credit card overdraft interest, whether to calculate and pay interest on credit card overpayment and its interest rate standard shall be determined by the card issuer independently.
3. Interest-free repayment period and minimum repayment amount
The Notice cancels the existing provisions on the maximum term, minimum repayment amount and additional conditions of interest-free repayment period for overdraft consumption, which are determined by the card issuer independently according to commercial principles and the needs of cardholders.
China's legal system has gradually matured, and various laws and regulations have emerged with the needs of social development and economic construction. However, the legislation of credit reporting is still lagging behind. The promulgation of the "Regulations" will fill the gap in China's credit information legislation and is of great significance to promoting the healthy development of China's credit information industry. Some netizens have suggested that once the Regulations on Credit Information Management is passed, its contents and provisions can become the legal basis for court decisions, which indicates that China's credit information legislation has entered the fast lane.
Credit information can restrain the behavior of enterprises and individuals from the system, which is conducive to the formation of a good social credit environment. China has advocated the virtue of honesty and trustworthiness since ancient times, and promoted the formation of the concept of honesty through moral criticism. Honesty is a kind of social morality and a basic principle of communication with people.
Honesty and trustworthiness are indispensable virtues for enterprises and individuals. Shanxi merchants and Huizhou merchants, who once dominated China's commerce for hundreds of years, were able to rise to the peak, one of which was to establish the business philosophy of "honesty-oriented".