Credit card new rules implement 5 major benefits, low rate POS machine 2017 is completely stopped!

The central bank ordered that the new credit card regulations be implemented on January 1, 2017, many of which are good news for users!

1. The user can negotiate with the bank to cancel the late payment fee of the credit card.

Those who have used credit cards know that if the bill is not due to the minimum repayment amount, it is necessary to pay late fees. The new rules canceled the credit card late payment and the bank received a “liquidated damages”, which could be decided by the bank and the cardholder.

2. The interest generated by overdraft can be up to 30% off.

At present, the overdraft interest of each bank is the same, and the central bank has a daily interest rate of five tenths. After the implementation of the new regulations, the daily interest rate will be between 0.035% and 0.05%, and the highest is only the current interest rate.

Xiao Bian warm reminder: interest-free repayment period can only be enjoyed after the full repayment of the due date. On the due date of repayment, only the minimum repayment amount is available, and the interest-free period cannot be enjoyed.

3, the minimum monthly repayment amount can be less than 10%

At present, the minimum repayment amount of each bank's credit card shall not be less than 10% of the current month's overdraft balance. After the implementation of the new regulations, the issuing bank shall decide at its own discretion.

Xiaobian warm reminder: pay attention to restraint, repayment pressure will be bigger and bigger

4. Interest-free repayment period can exceed 60 days

At present, the average bank interest-free period is mostly 20-50 days, and the bank with a conscience is 25-56 days. In the new regulations, the central bank canceled the “interest-free period of up to 60” days, depending on how the banks set the interest-free period and the minimum repayment amount after the new regulations.

5, ATM cash withdrawal of up to 10,000 yuan a day, pre-borrowing cash can be recharged to a third-party account

After the implementation of the new regulations, the limit for ATMs to handle credit card cash withdrawal business will be increased from RMB 2,000 per card per day to RMB 10,000.

If you need money urgently, credit card pre-borrowing cash can help you with cash, recharge and transfer.

Xiaobian reminded that it is illegal to not credit card cash.

On January 5, 2017, all non-compliant rates are deducted at the standard rate. Since then, the POS rate has only four types of standard, preferential, deductible, and special billing!