New regulations on credit card suspension and deduction

Legal analysis: the latest policy of credit card suspension in major banks

1, Shanghai Pudong Development Bank Credit Card: 6-60! Generally reduced, especially accounts with universal funds.

2. Everbright Bank Credit Card: 6-60! Recently, the handling efficiency of China Everbright Bank has become higher.

3. China Merchants Bank Credit Card: 6-60 installments! The processing speed of China Merchants Bank has accelerated, and it will generally be accepted, but it has hardly decreased.

4. CITIC Bank Credit Card: Stop for 6-60 periods! The most common requirement is a down payment of 5%- 10%, but there are some unnecessary requirements.

5. Bank of Communications Credit Card: 6-60 installments! The characteristic of Bank of Communications is that the small amount can be divided into multiple periods, and only a few hundred pieces need to be paid back every month.

6. Industrial Bank Credit Card: 6-60 installments! The processing speed is faster and the given number of cycles is longer.

7. Huaxia Bank Credit Card: 6-60! The processing speed is relatively slow, and the number of issues is quite satisfactory.

8. Minsheng Bank Credit Card: 6-60 installments! Minsheng bank is the slowest bank, and the latest new rule is that it must be overdue for three months before it can be discussed.

9. China Construction Bank Credit Card: 6-60! The speed is slow and the number of issues is not high.

10, ICBC credit card: 6-60! The speed is slow and the number of issues is not high.

1 1, agricultural bank credit card: 6 to 60! It takes more than four months to apply, which is relatively slow.

Legal basis: Article 70 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks. Under special circumstances, if it is confirmed that the amount owed by the credit card exceeds the cardholder's repayment ability and the cardholder is still willing to repay, the issuing bank can negotiate with the cardholder on an equal footing and reach a personalized installment repayment agreement. The longest term of personalized installment repayment agreement shall not exceed 5 years.

The contents of personalized installment repayment agreement shall at least include:

(a) the balance, structure and currency of the arrears;

(2) the repayment period, method, currency, date and repayment amount of each installment;

(three) whether to charge annual fees, interest and other fees during the repayment period;

(4) The cardholder shall not apply for a credit card from any bank before all the funds related to the personalized installment repayment agreement are settled;

(five) the rights and obligations of both parties and the liability for breach of contract;

(6) Other matters related to repayment.

If both parties reach an agreement and sign an installment repayment agreement, the card-issuing bank and its card-issuing service institution shall stop the collection of the cardholder, except that the cardholder fails to perform the installment repayment agreement. If an oral repayment agreement is reached, the issuing bank must keep the recorded data. Records shall be kept at least until the date of settlement of arrears.