Zhong Guo Zheng Quan Bao·2025-09-29 20:52Core Viewpoint - Everbright Bank has adjusted its credit card overdraft interest rates, allowing some high-quality customers to enjoy a 0% overdraft rate, reflecting a response to regulatory push for market-oriented pricing in credit card overdrafts [1][2]. Group 1: Regulatory Changes - The People's Bank of China is promoting the marketization of credit card overdraft interest rates, having removed upper and lower limits on these rates since January 1, 2021 [2]. - Recent modifications to regulatory documents indicate a shift towards more flexible pricing for credit card products, enabling banks to differentiate rates based on customer profiles [2][3]. Group 2: Current Market Trends - Despite regulatory encouragement, the overall pace of adjustment among banks remains slow, with many still applying a uniform overdraft rate of 0.05% [3]. - Some banks, like Guangfa Bank and Kunlun Bank, have set their overdraft rates between 0% and 0.05%, while others maintain a standard rate but allow for adjustments based on customer creditworthiness [3]. Group 3: Industry Outlook - Industry experts believe that the credit card market is entering a phase of stock competition, where differentiated pricing can enhance customer loyalty and attract high-quality clients [4]. - The overall credit card business is experiencing contraction as some customers shift to lower-rate consumer loans, despite a general decline in lending rates for other products [4][5]. - Banks are moving away from aggressive expansion strategies and are focusing on refined operational models, emphasizing detailed customer management [6].