With the diversification of credit card types, the traditional credit methods have also changed, and the advantages of credit cards have gradually emerged, such as the cardholder's interest-free repayment period of up to 50 days, bill installment, free insurance, free delivery, and consumption concessions.
The convenience and benefits brought by these credit cards make more and more college students gradually start to use credit cards for consumption. It can be summarized as the following main reasons.
First, credit card consumption is convenient and fast, and you don't need to carry cash. Various supermarkets, shopping malls, shopping malls have installed and used POS machines. Just swipe your card when you check out, which saves unsafe cash consumption and the inconvenience of change. Moreover, some students also think that using credit cards is a symbol of their fashion.
Secondly, major banks have set up some publicity in colleges and universities, such as China Merchants Bank sending luggage A cards and China Bank watching movies with one-yuan cards, which attracted the desire of college students to apply for cards.
Thirdly, for college students studying abroad, dual-currency credit cards and full-currency credit cards can allow students studying abroad to spend money in foreign currencies, and family members can repay in RMB at home, which greatly facilitates cardholders and helps parents to know their children's financial situation in time.
Looking at the development of college students' credit cards, from the issuance of the first college students' credit cards in 2004 to the issuance of documents by the China Banking Regulatory Commission in 2009, all major banks have shrunk their credit card business.
There are some problems in the formulation, issuance and promotion of college students' credit cards in major commercial banks, which are also important factors that hinder the issuance of college students' credit cards.