According to the data released by the central bank on September 6th, 2021, by the end of June this year, the total number of bank accounts opened in China had reached 7919. 05 million, and the number of bank cards reached 91. 1 billion sheets. Among them, the number of credit cards and debit-credit cards is 7. 9 billion sheets. Obviously, judging from the number of accounts and the number of bank cards, we Chinesepeople are quite fond of saving money.
Of course, it must be said thatpeople apply for bank cards not only to save money, but also to achieve thepurpose of “spending in advance”. Because the credit card in the bank card can supportpeople to make overdraft consumption within a certain amount. As long as everyone repays within the specified date, no extra interest will be generated. Therefore, it is more cost-effective to use credit cards than to borrow money.
Also according to the news released by the central bank, by the end of the second quarter of this year, the total credit of bank cards in China was about 20. 23 trillion yuan, and the average credit line of bank Kaka reached 2. 560 thousand yuan. It can be seen that the credit line of credit card is still relatively high, which can enable manypeople to solve their urgent needs.
People in the bank are always chasing you for a credit card and even giving you gifts?
However, it ispuzzling that many banks now vigorouslypromote bank cards to their customers. Moreover, some bank staff will also go toplaces where there are manypeople on the street or in the community topromote sales. Even, in order to letpeople apply for credit cards, banks will give some small gifts, or cooperate with some Internetplatforms toprovide users with red envelopes, discounts and other benefits. I have to say that banks really use many methods topromote credit cards.
Manypeople arepuzzled by this situation. After all, it is free to apply for a credit card. If you still give gifts and benefits, the bank will lose money. Moreover,people who use credit cards will not incur excessive expenses. As long as they can repay the overdraft expenses on time, there is no need topay other unnecessary expenses.
It can be said that it doesn’t seem that the bank will get any benefits from lettingpeople apply for credit cards. On the contrary, it has to take gifts and a lot ofpromotion costs, and it has to serve more customers.
Bank employees reveal the truth
However, regarding the above views, the employees of a bank in China said that in fact, everyone’s ideas are not correct. After all, banks are not fools, and they will not do business at a loss. She explained that in fact, many banks now vigorouslypromote credit cards, or to make money.
Because users use credit cards and can’tpay back the money on time, they will have topay a lot of interest. And the longer the user is in arrears, the more interest will bepaid. In addition, users have topay extra fees such as late fees and over-limit fees. Therefore, banks can still make money by charging thesepeople overdue related fees, which is much higher than theprofit of borrowing.
It is understood that by the end of the first half of 2021, the credit balance of bank cards in China has reached 8. 18 trillion yuan, and the total outstanding credit of credit cards overdue for half a year reached 818. 04 billion yuan. It can be seen that there are manypeople who use credit cards overdue now, and I believe banks can get a lot of benefits.
Of course, in addition to charging overdue related fees, banks also have other sources ofprofit through credit cards. Because if you want to withdraw money by credit card overdraft, you have topay a handling fee. Moreover, some banks have also opened membershipservices, so thatpeople who apply for membershipcanpostpone repayment several times.
In short, there are many ways for banks to makeprofits by using credit cards, and they are not as unprofitable as everyone thinks. In addition, the bank staff added that in addition to making money, the bank asked everyone to apply for credit cards simply to attract more depositors. Because when handling credit cards, many customers will also handle savings cards and bind them with credit cards to facilitate the deduction from depositors’ cards in the future.
In this way, the bank not only increased the number of customers, but also completed the work of “drawing deposits”, which can be described as killing two birds with one stone. Therefore, it is not difficult to understand why many banks have to “catch up” with everyone to apply for credit cards.
It is worth mentioning that, similar to banks, some Internet financialplatforms now invite you to open similar functions, so that when you spend money through the Internet, you can givepriority to overdraft consumption and then automatically repay it on a fixed date every month without generating additional interest. Moreover, in order to enable everyone to open this function, manyplatforms will also give a lot of benefits, such as the first opening will enjoy the 15 yuan red envelope.
In fact, thepurpose of the Internet financialplatform is to attract more users and make money. After all, on the internet financialplatform, if it is overdue, it will generate a lot of interest, which is similar to the bank credit card.
Therefore, we need to remind everyone that we’d better do what we can when spending. If we don’t have enough repayment ability, we’d better not spend in advance, so as not to form bad consumption habits and affect our normal life. Of course, if you really need it, it is stillpossible to apply for a credit card or use some related services of the Internet financialplatform. After all, it can really helppeople solve their temporary economicproblems and savepeople the trouble of borrowing money.
Dopeople often use the overdraft function of credit cards in their lives? Do you think credit cards are really worth handling? Please talk about your views.
