The Insurance Regulatory Commission of the Bank of China warned: Don't "raise cards with cards and repay loans with loans"

At present, almost every bank has introduced credit cards to encourage young people to apply for them. Holding a credit card will give them different discounts, which has become the mainstream payment method for young people. After the credit card payment this month, all the consumption limits can be returned before the repayment date of the next month. With the prevalence of credit cards, the situation of "keeping cards with cards and repaying loans with loans" has gradually emerged. The Insurance Regulatory Commission of the Bank of China reminds cardholders not to raise their cards with cards or repay their loans with loans. Let's look at the specific situation.

On June 30, 2020, in response to some hot complaints and misunderstandings about credit cards, the Bank of China Insurance Regulatory Commission issued a risk warning to remind consumers to use credit card functions reasonably and correctly, establish a correct and scientific concept of consumption, not blindly follow rational consumption, and limit credit card overdraft.

The China Banking Insurance Regulatory Commission also said that the main business of credit cards is to meet people's daily consumption, high-frequency and small consumption needs. Some cardholders will overdraw their credit cards due to excessive consumption and bear a large amount of credit card debts. In the end, they chose to "raise the card with the card and raise the loan with the loan", which directly led to the double repayment pressure. In addition, it also points out that cardholders borrow money from credit cards to carry out non-consumption fields such as securities, funds and wealth management. When using a credit card, don't "keep the card with the card and repay the loan with the loan".

To raise a card with a card and repay the loan with a loan is actually to use one credit card or withdraw cash and then use other credit cards to return the first credit card. At present, the interest charged by credit card cash withdrawal is calculated on a daily basis, and the daily interest rate is five ten thousandths of the cash withdrawal amount, which is very high. In the long run, raising a card with a card and repaying the loan with a loan will eventually lead to your inability to repay your credit card, which will also have the following serious consequences.

1, interest, penalty interest, rational use of the credit card itself will not generate any fees, if the credit card is used in installments, it will generate interest, and after the credit card is overdue, it will charge penalty interest and late fees, and the repayment pressure of the cardholder will increase exponentially, and the pressure of life will also increase.

2, affecting the credit, we all know how important credit is to individuals. In the late stage of bad credit, it is almost impossible to borrow money from banks. In the future, housing loans and car loans will be rejected by banks, and credit stains will be kept for five years and cannot be changed or deleted; Inclusion in the blacklist of credit information will also restrict the use of high-speed rail and aircraft.

Being sued and sentenced, the bank owed a huge sum of money for more than three months. After repeated collection, users who are unwilling to repay will file a lawsuit, and if the circumstances are serious, they will not only be fined, but even go to jail.

Therefore, raising a card with a card and repaying the loan with a loan can meet the temporary needs, but it is not a long-term solution, so don't use it.