Credit card background

Industry background and market demand of credit card

The appearance of credit cards indicates that an era of early consumption and painless consumption has arrived.

It is reported that Walter kavanagh, an American man, holds 1 4,97 credit cards with a credit line of about 1 100 million RMB. However, due to good management, all the cards have never expired. He used this huge sum to buy himself 2 1 house, and the current total value exceeds 3.5 billion yuan. (awesome, it's just a man of god)

Yang Huiru, who swiped her credit card, earned eight times the bonus in two months.

I don't sigh, I am all gods and idols!

Credit cards originated in America 19 15. At that time, it was a kind of credit card, the main purpose of which was to expand sales, and the economic relationship reflected was commercial credit relationship. By the early 1950s, this credit card in the form of commercial credit reached its peak.

By the end of the quarter of 20 17, China Credit Card:

The number of cards issued exceeded 588 million, with 0.39 cards per capita and a total credit of 12.48 trillion. The average credit line of this card is 21.2000 yuan, the credit balance payable is 5.56 trillion yuan, and the total outstanding credit overdue for half a year is 65.069 billion yuan, accounting for 1.47% of the credit balance payable. The national credit utilization rate is 45%, the credit card transaction volume exceeds 25 trillion, and each card spends more than 5 times a month.

No matter from the number of cards issued, transaction volume, credit line, overdraft amount or utilization rate, it is not difficult to see that the rigid market demand has spawned a huge number of users. With the continuous growth of credit card issuance and transaction volume, credit line and overdraft, credit card utilization rate and overdue rate, the anxiety of credit card users also appears.

What are the anxiety disorders of credit card users?

1. Management confusion: There are too many cards, and the billing date, repayment date and repayment amount of each credit card are different, which leads to management confusion.

2. Excessive consumption: frequent blind consumption, random consumption, ineffective consumption, and excessive consumption leads to excessive consumption.

3. Assets and liabilities: There is no good awareness of using cards, and the behavior of using cards is not standardized, resulting in assets and liabilities.

4. Overdue credit investigation: short payment, wrong payment, missing payment, forgetting to pay back, no money to pay back and other phenomena often occur, resulting in overdue credit investigation.

Since there are so many pain points, why do so many people use them?

1. can stimulate domestic demand and advocate consumer finance. Secondly, reduce cash and promote mobile payment.

2. For banks, interest income, merchant rebates, late fees, high fees, annual fees and cash withdrawal fees, we have mastered high-quality customer resources.

3. For myself, I have saved the trouble of carrying cash, participated in various preferential discount activities, deducted points for consumption, improved the credibility of personal banks, made online consumption convenient and quick, managed financial investment, provided additional concessions, reduced debt of gratitude, and provided overdraft credit lines to solve urgent needs.

From policies to banks to personal interests, the result is an altruistic behavior, and the pain point is only the lack of in-depth understanding and correct use of wealth management products; Therefore, credit card is a double-edged sword. If you use it well, you will make money from debt. If you don't use it well, you will bear the card debt and become a card slave!

Since 20 1 year, the total amount of card issuance in China has increased at an annual rate of 1 1%. It is predicted that by 2020, the credit card circulation will reach 85 1 10,000.

Internet tycoons cross-border robbery, and virtual credit cards appear in the form of ant flower buds, JD.COM white stripes and Tencent credit ratings.

In the United States, the number of credit cards per person is three; The average number of credit cards held in China is 0.39/person, and the number of credit cards held in the United States is 10 times that of China, while the population of China is five times that of the United States. If China's credit card market is to reach the saturation of the United States, there is still at least 50 times room, so in China, the future credit card market is huge.

What is the origin of credit cards?

What is the origin of credit cards?

Credit cards originated in America in the early 20th century. They are made of metal, and their distribution objects and use places are quite limited. 195 1 year meal card came out, which laid the embryonic form of modern credit card. At that time, the cardholder only needed to show the card when spending, and Diner's Card Company paid for the account and then charged the cardholder money. Because of convenience, credit card business has gradually expanded to hotels and airlines, and card issuers have also expanded from Dinka Company and American Express Company to banks.

1965, BankofAmerica, which developed credit card business, began to expand its credit card business, and licensed its trademark to other banks in the following year. BankAmericard with blue, white and gold patterns was released at that time. Since then, Bank of America has further expanded its credit card business outside the United States. However, because BankAmerican was too Americanized and unpopular with foreigners, 1977 BankAmerican officially changed its name to visa, which was also the first official credit card.

The real popularity of credit cards in Taiwan Province Province has only been nearly ten years. International credit card organizations such as visa, MasterCard, jcb, Diners Card and AmericanExpress are trying to seize this vast market.

Credit cards originated in American business and catering industry. 19 15 years, in order to expand sales, attract business and facilitate customers, some shops and restaurants in the United States adopted a "credit chip", which was similar in shape to a metal badge and later evolved into a card made of plastic as proof of customers' shopping consumption. This is the earliest credit card sprout in the world. In 1950s, with the rapid development of capitalist economy, the level of personal consumption was greatly improved, and the wide application of computer and communication technology in banks provided a good environment and conditions for banks to develop credit card business. 1952, Franklin National Bank of California issued its first bank credit card. By 1959, more than 60 banks in the United States had issued credit cards. By the 1960s, credit cards were also popular in Britain, Japan, Canada and European countries. Since 1970s, some developing countries and regions have also started to issue credit cards, such as Hongkong, Taiwan Province, Singapore and Malaysia. At the end of 1970s, China's foreign economic and cultural exchanges were expanding day by day. In this context, many people brought the credit card, a popular payment method abroad, to China. In order to meet the needs of reform and opening up, some domestic banks began to set foot in credit card business. During the period of 1978, Bank of China Guangzhou Branch took the lead in signing an agreement with Bank of East Asia and began to act as an agent for overseas banks' credit card business. Through agency and experience, Zhujiang Card was issued by Zhujiang Branch of Bank of China on 1985. 1986, Bank of China issued the Great Wall Credit Card, which filled the blank in the financial history of China. When the People's Bank of China carried out the reform of bank settlement system on 1988, credit cards were brought into the new bank settlement system as a new settlement method, which laid the foundation for the further development of credit cards in China. The history of credit cards can be traced back to the early 20th century, the birthplace of credit cards (America). But at that time, the cards were all made of metal, and the distribution items were limited, which was limited to some places. For example, 1924, General Petroleum Company of the United States launched petroleum credit cards for employees and specific customers, which were presented to customers as VIP cards as a means to promote petroleum products. Later, it was also issued to the general public, which attracted other oil companies to follow up because of its good effect. Telephone, aviation, railway companies and other industries have followed suit, and the credit card market has become active. The development of credit cards has suffered two setbacks. First, during the great American economic panic, many companies suffered losses due to bad debts and credit card fraud. Second, during World War II, the Federal Reserve Board banned the use of credit cards during the war. However, none of these can stop the development of credit cards. At that time, the use of credit cards was limited, and the rudiment of modern credit cards was basically available until 195 1 came out. When the cardholder shows this card for consumption, there is no need to pay cash. Instead, Dinka will save money for the cardholder and ask merchantdiscount, and then charge the cardholder a monthly fee. Its business scope has gradually expanded from the initial restaurants to hotels, airlines and other tourism-related industries and general retail stores. With its rich travel experience, AmericanExpress began issuing cards on 1958 and expanded its business scope to areas outside the United States. At this time, sensitive bankers also feel the convenience of credit cards. /kloc-in the 1950s, nearly 100 banks joined the ranks of issuing cards. However, due to the limited business volume, they were confined to the local area and did not charge annual fees to cardholders, making ends meet. A number of banks have withdrawn one after another, and only small and medium-sized financial institutions survive on the edge of profits. These surviving banks began to seek innovation and change. For example, BankofAmerica in Los Angeles, 1959 began to promote credit cards throughout California; The First National Bank of San Francisco, also located in California, was computerized in the same year. During this period, the bank also provides a revolving credit payment method, which makes cardholders pay more flexibly and the bank has more interest income. After that, cardholders gradually got used to using circle credit, and the development of bank credit cards began to flourish.

Understand the meaning of credit card installment unrecorded amount.

That is, you always have to deduct what you have already paid and what you want to continue to pay. Simply put, how much money do you have left is the amount that has not been recorded in this issue.

What is the "black gold credit card" of a credit card?

The black credit card named Ultima of Citibank and the black credit card named Centurion of American Express Company were launched in 1999, which was called "the king of cards" by the insiders. Some people say that only with this kind of black card can we fully show the "distinguished identity" of the card owner.

Bank credit card.

Guangfa My Guangfa Card 2W only provides business cards, work permits and ID cards. I am not a civil servant, but the design director of an ordinary company.

About credit cards, please.

Hello, the last thousand is overdrawn with interest. If you can't repay on time, you can't apply for a credit card.

I suggest you go to the counter to increase the quota. In your case, it is no problem to raise the quota to 5 thousand. If you want to increase the quota. Improve your financial ability.

I wish you a happy life.

20 points for handling credit cards in Henan ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

No problem. If there are no outlets, you can download the application form online, fill it out truthfully and mail it to the credit card center. In your case, the quota application of 10000 may not be 100%, and 5000 is absolutely no problem.

What is the cvv of the credit card?

The security code of credit card is also called cvv code and cvv2 code. It means that the signature column on the back of the credit card has seven digits, and the last three digits are the security code of this credit card.

What is the CVC of the credit card?

Introduction of credit card verification code CVC:

CVC(CardVerificationCode) is an additional code printed on the back of a credit card, also called CVV(CardVerificationValue), which is the verification value of a credit card, and some are called CID, which is a credit card security code or a personal security code. All names refer to the same verification code.

The display position is on the back of the credit card, and the top of the signature is displayed in italics. The first four digits are, and the last three digits are the verification codes for commercial banks to ensure the security of bank card passwords. CVV2, CVC2, CVN2 and CSC2 are verification codes, which are used by bank cards for transactions in indirect credit card consumption occasions, such as online payment. CVV2, CVC2, CVN2 and CSC2 can identify whether there is a bank card transaction. It can generally be seen in the last three digits of a series of signature columns on the back of bank cards. The UnionPay standard card organized by UnionPay is called CVN2, MasterCard is called CVC2, VISA is called CVV2, and AE American Express is called CSC2. The principle of generating the verification code corresponding to its name is the same, but the names of different institutions are different.

What is the background of online credit cards?

Online credit card is an online credit card product jointly issued by China CITIC Bank, Alipay and Zhongan Insurance. 20 14 and 13 exposed the interface diagram and detailed sample diagram in March.

Alipay online credit card enjoys the benefits of lifetime free annual fee and CITIC double points, which can be used for all online consumption and offline stores that support Alipay wallet payment. It was originally scheduled to appear in Alipay wallet after March 20 14 16.

On March 201April 14, the central bank announced the suspension of online virtual credit card and QR code payment, and rumored to tighten the mobile payment limit.

Create background

As early as the second half of 20 12, Ma Weihua, then president of China Merchants Bank, put forward the strategy of "eliminating credit cards" in the next few years. 20 12 1 1 month, Ma Mingzhe, Chairman and CEO of China Ping An, also said that it is expected that "within ten years, 50%-60% of credit cards and cash will be gone. The emergence of online credit cards just confirms this statement.

20 13 10 Yitong, a foreign trade service company under Alibaba, launched the "Alibaba Virtual Credit Card" business to provide credit lines for overseas buyers. With the launch of Ali credit loan, there are still rumors in the market that Alibaba wants to apply for a banking license from time to time. Despite holding huge customer data, Alibaba's financial business is still only a supplement to the banking industry and it is still difficult to break through. Due to the inability to absorb deposits, Ali Finance will have very high requirements in controlling the bad debt rate, which will further affect its lending scale. The transaction costs of UnionPay retailers are generally above 1%, and most of them are still taken away by banks. Alibaba introduced preferential rates at this time, aiming to attract more users.

20 14 the internet war between Tencent and Alibaba accelerated the birth of this new thing. In the end, Ali Group took the lead in exposing this network product and put it into use after March 20 14 16.

Apply for use

WeChat official account, people who pay attention to CITIC Bank credit card in Alipay wallet can apply for and get this online credit card online through the "Express Card" entrance in WeChat official account. After the application is approved, the system will issue a corresponding credit card to the user. Users can bind the account with Alipay account and open fast payment, so they can make online shopping, mobile payment and other consumption. After users apply for credit cards online, they can also apply for corresponding physical credit cards online.

CITIC Bank will decide whether to approve the application for physical card according to the personal credit information of users. If the user meets the requirements for applying for a physical card, CITIC will deliver the physical credit card to the user by express delivery. This physical credit card, like other physical credit cards, can be swiped online in the store. The interest-free period of Alipay online credit card is 50 days, and the credit line starts from 200 yuan. In the official account of CITIC Bank credit card WeChat in Alipay wallet, users can also check the consumption limit and points of online credit cards at any time and make online repayment.

Payment limit

The card issuance scale of Alipay's first credit card is 6.5438+0 million. In terms of credit limit, the credit limit of Alipay online credit card started in 200 yuan, and the upper limit is determined according to personal online credit, generally the highest is 5000. If the consumption record and credit record are particularly good, the credit limit can be gradually increased. Alipay said that the specific amount of approval is determined by online consumption records. For example, if you pay back your credit card through Alipay, the higher the frequency of using Alipay, the more credit data you have, and the easier it is to get a credit line.

User coverage rate

The credit payment function will cover 80 million Alipay users. In order to attract sellers to participate, the operation teams of Taobao and Alipay have divided these 80 million people into 1000 groups according to user attributes, and will open the group data to merchants in the future.

Social assessment

Alipay people also told reporters that through such an opening action, Alipay will gradually benefit more banks. In addition to the temptation of the huge credit consumption market, the Internet channel can also save the bank's own card issuing cost. In the traditional mode, the cost of issuing credit cards by banks is about 80 to 100 yuan, while issuing 100 million online credit cards through Alipay channel can save nearly 100 million yuan only at one cost.

In order to make the risk management of online credit cards meet the regulatory requirements, Alipay and China CITIC Bank jointly built a risk management system. Based on Alipay's huge real-name user base and credit data, combined with CITIC Bank's original credit card risk management technology and credit data, it can not only be used as the basis for granting credit to consumers, but also become a key link in risk management.

Alibaba will rebuild the financial credit system, without mortgage, only credit; It doesn't matter, only credit. All the consumer technology data of Taobao and Alipay, regardless of anyone's transaction information and personal information in Taobao and Alipay, are clearly recorded, which is the most coveted fat of offline banks.

Financial institutions such as Alibaba Small Loan and Alibaba Guarantee are preparing one after another. Alibaba Financial's move is defined by private financiers as increasing transaction volume through credit lines, and it is expected that the market space will be large. Alibaba's internet finance innovation has impacted the loan business of small loan companies and the traditional deposit and loan business of traditional banking.

When an enterprise develops to a certain extent, it will definitely generate financial demand. So it is natural for Alibaba to provide financial services for enterprises on the platform. With their powerful online membership platforms, Alibaba and Tencent have gathered huge customer resources. Once in-depth customer development is carried out, the prospects are quite worth looking forward to.

Both Alipay and WeChat credit cards use the Internet, which has changed the tedious process of traditional credit card submission materials waiting for approval. Alipay realizes instant application and immediate approval. Wechat Credit Card 1 minute can complete the credit card approval, which is available immediately. The partner also includes Zhongan Insurance, which is the first time that credit cards have introduced the insurance model to reduce the credit risk of customers and the risk of bank assets.

The central bank stopped.

On the morning of March 14, 2065438, the central bank issued an urgent document to stop online virtual credit card products of Alipay and Tencent, as well as face-to-face payment services such as bar code (QR code) payment. Alipay responded that it has not received the relevant notice and is verifying it; Wechat said that it did not receive the notice.

So much for the background introduction of credit cards.