the most significant feature of a credit card is a “large-scale break” card issued by the bank, specifically, a credit line of up to 200,000 yuan for the holders of a large-scale loan credit card and the conversion of any consumption to a multi-phased payment. in addition, the wide e credit card features online applications, rapid approvals and lower thresholds, and many young people are seen as “good helpers” in the rapid resolution of consumption difficulties。

what's a popular e-credit card

from the consumer point of view, the introduction of the wide e-strategic card fills market vacancies and also meets the needs of many young people for large-scale consumption, such as the purchase of digital products, household electricity, tourism, etc. in particular, where economic pressure is high, the wide distribution of e-credit cards helps to spread consumption pressure and allows consumers to be more open to emergencies。

from a bank's perspective, a widely distributed e-species card is a product that has a strong “marketability” and “retirence”. on the one hand, it can increase the number of credit cards by highlighting the advantages of large amounts and quick approvals of large-scale e-species; on the other hand, it can generate more substantial returns for banks by converting multi-spectrums from consumers to corresponding interest, handling fees, etc. in addition, the bank can increase cardholders ' loyalty and credit card retention rates by providing targeted marketing, specific concessions, value-added services, etc. to card holders with widely distributed e-credit instalments。

of course, there are also problems with the extended e-credit scale, the biggest being the “debt risk”. owing to the high credit level of the extended e-species, multiple instalments of consumption could lead to excessive debt burdens for cardholders and even problems such as credit card overdrafts and fraud. therefore, the bank needs to reduce the risk of debt by increasing the mechanisms of background checks, risk assessments, etc. of cardholders during the approval process。

in conclusion, a widely distributed e-credit card is a credit card product that caters to the large consumer needs of young people. it has strong “marketability” and “retention” and has made it easier for consumers and banks. at the same time, however, attention needs to be paid to debt and other potential risks。