2023-10-30 05:59:41
After First Bank and Sino-Fung Bank announced the cancellation of their cards, CITIC Bank (2891), the largest issuer of my country’s bank credit cards, also joined the ranks and canceled “zombie cards” that have not been used for purchases for more than a year. China Trust currently tops the list of “number of cards in circulation” and “number of valid cards”. In the first three quarters, the number of cards in circulation was 897 and 5.68 million valid cards. After adding the largest number of 9 million cards, next year’s wave of card clearances will be It is more than 12.77 million calories, triggering heated discussions among netizens.
China Trust, the largest card issuer of China National Bank, has also joined the ranks of zombie cards. Nearly 9 million cards have been cancelled.File photo: Central News Agency
As we enter the end of the year, banks have successively announced revisions to credit card rights and agreed terms in 2024. Banks have announced that they will implement “clearance of cards”. Currently, both Wing Fung Bank and First Bank have announced that they will implement “clearance of cards”. The total number of credit cards issued by these banks exceeds 3.8 million, plus CITIC Bank’s nearly 9 million cards in circulation. This wave of “card clearance” will have changes in the rights and interests of more than one million cardholders.
In fact, KGI Bank, Standard Chartered Bank, and Citigroup also made moves to clear their cards before they merged. In response to this, netizens said, “It’s okay to clear all the useless cards. Why should you swipe your card if there is no discount?”, “If there is no discount, I will use it later”, “That’s good, save money.” Go to the trouble of calling the card yourself.” “It used to be difficult to adjust and cut. Do we need to change our strategy?” “I think the bank has finally taken some action once morest fraud and theft.” However, some cardholders expressed reluctance and said, “There is still a chance for dead cards, but if you cut them off, there will be no chance.” “or “remember to swipe your xx card once a year.
China Trust, the largest card issuer of China National Bank, has also joined the ranks of zombie cards. Nearly 9 million cards have been cancelled.Picture/reproduced from China Trust official website
China Trust officially announced the “Notice of Revision of Credit Card Agreement Terms” on October 24. Article 22 of the terms was revised. If the card has not been opened or consumed for more than twelve consecutive months (inclusive) following the card has been approved, or the card has not been opened or consumed, or the card has not been issued by an international credit card organization or other When reporting risks, card issuing organizations and acquirers may, following notifying cardholders, take control measures such as temporarily suspending the card, permanently suspending the card, or actively changing the card.
CITIC Bank also reminds customers that if you have any objections to the contents of this revision, please notify the Bank to terminate the contract in accordance with the terms of the credit card agreement before the effective date. Failure to notify within the time limit will be deemed to be agreement, and you can request following the contract is terminated. Part of the annual fee paid will be refunded in proportion to the actual month of holding the card (if it is less than one month, the month will not be counted).
As we enter the end of the year, banks have successively announced revisions to credit card rights and agreed terms in 2024. Banks have announced that they will implement “clearance of cards”. Currently, both Wing Fung Bank and First Bank have announced that they will implement “clearance of cards”. The total number of credit cards issued by these banks exceeds 3.8 million, plus CITIC Bank’s nearly 9 million cards in circulation. This wave of “card clearance” will have changes in the rights and interests of more than one million cardholders.
Yahoo Finance special correspondent Ye Yiru: 22 years of experience in mainstream financial media. From the Web1.0 bubble in 2000 to the Meta Yuanverse Web3.0, he has witnessed the rise and fall of Taiwan’s large and small enterprise groups and has experienced five international financial crises. We believe that finance is life and is everywhere. No matter how difficult financial knowledge is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money will not care regarding you.
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