Zhong Guo Zheng Quan Bao·2025-09-29 20:45Core Viewpoint - Everbright Bank has adjusted its credit card overdraft interest rate, allowing some high-quality customers to enjoy a 0% overdraft rate, reflecting a response to regulatory push for market-oriented pricing in credit card overdraft rates [1][2]. Group 1: Market Changes - The new interest rate standard for credit card overdrafts is set at a daily rate of 0% to 0.05%, approximating an annual interest rate of 0% to 18.25% [1]. - The People's Bank of China has removed the upper and lower limits on credit card overdraft rates, allowing banks to set rates based on negotiations with cardholders [2]. - The overall adjustment pace of credit card overdraft rates among banks has been slow, with many banks still applying a uniform daily rate of 0.05% regardless of customer qualifications [2][3]. Group 2: Industry Trends - The credit card market is entering a phase of stock competition, where differentiated pricing of overdraft rates can enhance customer loyalty and attract high-quality clients [3][4]. - The number of credit cards issued has decreased, with 715 million cards in circulation as of the end of the second quarter, reflecting a downward trend [3]. - Banks are shifting from a rapid expansion model to a more refined operational approach, focusing on detailed user management [4].