Core Viewpoint - The new rule from China Merchants Bank regarding its classic platinum credit card requires a minimum annual spending of 180,000 yuan to redeem 3,600 yuan in annual fees with 10,000 points, which has attracted significant attention [1] Group 1: Changes in Credit Card Policy - Starting from September 1, 2025, China Merchants Bank will replace its high-end magnetic stripe card products with chip versions, including the classic platinum credit card [1] - The new requirement for the classic platinum credit card is that the primary cardholder must spend at least 180,000 yuan annually to qualify for the fee redemption [1] - Previously, cardholders could redeem the annual fee with just 10,000 points, which was relatively easy to accumulate [1] Group 2: Market Context and Challenges - The credit card business is facing significant challenges due to competition from internet consumer loans and a shrinking market [2][4] - Several banks, including China Merchants Bank, have reported declines in credit card issuance and transaction volumes, indicating a broader trend in the industry [4] - As of the end of 2024, China Merchants Bank's credit card transaction volume decreased by 8.23% year-on-year, with credit card income also declining [4] Group 3: Customer Base and Growth - As of the end of 2024, China Merchants Bank had 210 million retail customers, a 6.60% increase from the previous year, indicating a growing customer base despite challenges in the credit card segment [5] - The number of high-net-worth clients (those with average total assets of 500,000 yuan or more) increased by 12.82% year-on-year, reflecting a potential area of growth for the bank [5]

随着上市银行2024年报的相继出炉，信用卡相关成绩也"浮出水面"。 从国有六大行及9家A股股份制银行2024年报看，与2023年相比，有7家银行信用卡贷款规 模"缩水"，其中平安银行更是收缩791亿元。对比而言，建设银行境内信用卡贷款余额1.07 万亿元，成为全国首家信用卡贷款规模破万亿的银行，较上年同期增超6%。 从个贷结构看，部分银行信用卡在个人贷款中仍占有重要位置，有的占比超过20%，比如招 商银行、光大银行、平安银行、中信银行等。不过，整体来看，信用卡规模收缩、消费额下 降以及不良率上升等问题仍旧存在。 建行信用卡贷款规模破万亿， | 名称 | 信用卡贷款余额 | 增速 | 信用卡不良率 | 增减 | 信用卡消费额 | 增速 | | --- | --- | --- | --- | --- | --- | --- | | | (亿元) | (%) | (%) | (自分点) | (亿元) | (%) | | 建设银行 | 10691.83 | 6.87 | 2. 22 | 0. 56 | 28000.00 | (4. 44) | | 招商银行 | 9478. 43 | 1.28 | 1.75 | 0. ...