/cn/view/pages/ItemDetail.html？ docId = 10242 16 & amp； itemId=9 15
/cn/view/pages/ItemDetail.html？ docId = 10242 19 & amp； itemId=9 15
I selected five more important projects from 37 projects for brief comments. These five articles involve three aspects of bank credit card business, namely, controlling scale expansion, controlling rates and controlling risks.
Control scale expansion:
Article 6:
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Long-term sleep credit cards in which customers have not actively traded for more than 18 months and the overdraft balance and overpayment in the current period are zero shall not exceed 20% of the total amount of cards issued by the institution at any time, except for credit cards with additional policy functions issued by banking financial institutions as required by policies and regulations. Banking financial institutions exceeding this ratio may not issue new cards.
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Comments:
In recent years, China's credit card business is in a period of rapid expansion, and major national banks and even local city commercial banks are issuing credit cards on a large scale. Banks have almost exhausted all means, especially some late-developing banks, issuing cards to give gifts and paying pocket money. Allow all banks to require only one card issuance scale. Let's look at a few data:
During the five years from 20 15 to 2020, the cumulative number of cards issued by Industrial Bank increased from 15495200 to 56622800, an increase of 265.42%. However, corresponding to the rapid expansion of credit card issuance, the live card rate of credit cards has been unsatisfactory. The last time I saw the data about the live card rate was at the end of 20 18, and the overall live card rate of credit cards in China's banking industry was 73.2%.
Sleep card's share limit cannot exceed 20%, which is equivalent to putting a curse on those banks that blindly expand as long as quantity is not quality. In the past, the mode of issuing cards and enclosing land, regardless of continuous operation, will not work. Once the live card rate drops below 80%, the issuance of new cards will be suspended. If this opinion is written into the official document, many banks that fail to meet the live card rate will either close sleep card or stop issuing new cards. Finally, I would like to remind you that in addition to credit cards with additional policy functions, this may cause banks to seize government resources and seize the issuance of policy credit cards.
Article 12:
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Banking financial institutions shall conduct comprehensive due diligence on a single customer and conduct consolidated management on all credit card credit lines of the customer in other institutions. In the process of credit approval and increase of credit line (including temporary increase of credit line), the accumulated credit line obtained from other institutions should be deducted from the total credit line of customers' own credit cards, and the situation that new card-issuing customers apply for credit cards from other institutions at the same time should be monitored and the corresponding credit line should be reduced.
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Comments:
In fact, this policy was put forward by the regulatory authorities around 1 year, but it seems to have limited effect. The biggest problem is how to deal with the credit line of existing customers. Many customers have credit cards from multiple banks, and the previous credits were independent. Therefore, the so-called deduction of credit lines from other institutions is difficult to deal with in practice.
However, with article 6 in the future, the effect may be greatly enhanced. The result of the combination of the two is a crowding-out effect on banks whose customers operate short boards. For example, a bank P raced around in the credit card field a few years ago, but since last year, due to asset quality problems, the construction of credit card-related ecology has been significantly reduced. Over time, the original cardholders may turn to sleep card, and Bank P will close sleep card in batches.
When Bank P recovers, it will be embarrassing to reactivate the lost customers. Because, the credit line of these customers in Bank C will be full. P bank has no chance to give a high enough credit line to wake up customers.
Article 6 and Article 12 together are equivalent to building a breakwater to prevent other banks from expanding wildly.
Control rate:
Article 7:
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When concluding a credit card contract with customers, we should strictly fulfill the obligation to prompt or explain the terms of interest, compound interest, expenses, liquidated damages, risk disclosure, etc., show the annualized interest rate level to customers in an obvious way, ensure that customers pay attention to and understand the terms, and actively inform customers of the consultation and complaint acceptance channels.
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Comments:
In fact, this article has been requested by CBRC for 1 years, and it is not difficult to implement. Up to now, some users still mechanically think that the annual interest rate informed by the bank needs 1.8, which is obviously to carve a boat for a sword. In the future, whenever a formal bank employee introduces you to the credit card interest rate, as long as you ask the other party to write the annualized interest rate in the contract, the other party will never make a fake again.
Article 31:
Banking financial institutions should scientifically determine the level of credit card interest charges, improve service quality and efficiency, continue to take effective measures, and resolutely promote the reasonable decline of credit card interest charges under the premise of complying with laws and effectively covering risks. Except for cash withdrawal business, the total interest charged by banking financial institutions to customers who default or fail to repay overdue shall not exceed the corresponding overdraft principal.
Comments:
This article has a brand-new restriction: the total amount of all interest and expenses shall not exceed the overdraft principal. There is a certain ambiguity in the understanding of this article, that is, what is overdraft principal. This involves the problem of full penalty interest. Suppose I overdraw 10000 yuan, and I only paid 9900 yuan on the last repayment date. At this time, there will be a penalty interest, but it is different for banks to calculate the penalty interest according to 10000 yuan or 100 yuan.
The current regulations are not clear about this article. If the total interest in the above example does not exceed 100 yuan, it is basically equivalent to canceling the full penalty interest.
The new regulation itself, which guides the downward adjustment of credit card charges, has a certain negative effect on banks that used to rely on interest rate hikes and high-risk routines. Although the interest rate ceiling of 18% in the past was not enough to trigger the limit. However, if penalty interest and compound interest effect are added, the credit card interest rates of some banks should be out of line. Promoting the reasonable downward trend of interest rates and fees means that banks should be relatively low-risk customers, which has caused certain operational pressure on banks such as Ping An Bank.
Control risks:
Article 15:
Banking financial institutions shall take effective measures to timely and accurately monitor the actual use of credit card funds. Credit card funds shall not be used for repayment of loans, investment and other fields, and it is strictly forbidden to flow into areas restricted or prohibited by policies.
Comments:
Credit card cashing is prohibited from flowing into the stock market, and the property market is no longer news. However, according to my observation, banks have different degrees of tightness in implementation. This new regulation emphasizes this article alone and mentions accurate detection and control. In the future, the crackdown on credit card cashing will be greatly strengthened. What is added this time is to emphasize that it should not be used to repay loans. There have been cases of returning flowers by credit card in the past few years, and it will be strictly prohibited in the future.
The new credit card regulations have a certain impact on the existing bank credit card business. Mainly to limit the blind expansion of bank credit card business, prompting banks to devote more energy to intensive consumption scenarios. The new regulations are beneficial to banks with rich credit card application scenarios, which is equivalent to consolidating their first-Mover advantage. At this point, China Merchants Bank should benefit more relatively.
As for reducing credit card charges, I think supervision is a drunkard's intention. Just a few days ago, I talked about the leverage ratio of residents, which mentioned that one of the factors affecting the upper limit of leverage ratio is the interest rate level. On the one hand, reducing the rate by supervision will prevent users from defaulting, on the other hand, it will increase customers' willingness to borrow, and finally achieve the purpose of stimulating consumption.