Credit cards can't be used like this! Agricultural Bank of China, China Construction Bank and China Merchants Bank announced one after another.

"Insufficient down payment, using credit card to make up down payment" is a great weapon for many buyers, which enlarges the financial leverage of buyers, increases the repayment burden of buyers, and is also brewing greater financial risks.

In this context, since August, the credit card centers of many banks, such as Agricultural Bank of China, China Construction Bank, China Merchants Bank, Xingye, Ping An and China Everbright, have issued announcements to tighten the credit cards of real estate developers. Some banks limit the amount, while others prohibit trading.

Credit card transactions involving "houses" are restricted.

According to Beijing Youth Daily, since August, many banks have issued announcements to strengthen the management of real estate business transactions. Some completely restrict real estate merchants, and some banks set trading limits for specific types of merchants. There are five types of businesses related to real estate that are restricted:

Residential and commercial real estate development (merchant category code 1520), real estate agency-real estate broker (merchant category code 70 13), construction engineering (merchant category code 177 1), timeshare villa or holiday house (merchant category code 70/kloc-0)

Different banks have different restrictions on these merchants:

Residential and commercial real estate development (merchant category code 1520) and real estate agent-real estate agent (merchant category code 70 13) are prohibited from trading because you can buy a house.

Some banks prohibit construction projects (merchant category code 177 1) and timeshare villas or holiday houses (merchant category code 70 12), and some banks restrict transactions.

Property management-Property management (merchant category code 65 13) belongs to everyone's daily payment needs and can be overdrawn, but there is a limit.

Every time I learned through Bian Xiao (micro-signal: nbdnews), taking recruitment behavior as an example, on September 27th, China Merchants Bank Credit Card Center announced that the bank's credit cards could not be traded in three types of real estate merchants (merchant category codes are 1520, 177 1 7013). Set trading restrictions on properties and time-sharing houses (such as merchant category codes 65 13, 70 12, etc.). ). When a customer conducts a transaction in these merchants with the bank's credit card, the transaction may fail.

Image source: China Merchants Bank Credit Card official website

Agricultural Bank of China and China Construction Bank directly give the limit of related business:

Credit cards of Agricultural Bank of China are not allowed to be traded by domestic developers or real estate agents (merchant category codes are 1520, 7013); For the other three types of domestic real estate merchants (merchant category codes are 65 13,177, 70 12), the single transaction amount does not exceed150000 RMB, and the daily cumulative transaction amount does not exceed150000 RMB.

Image source: Agricultural Bank Credit Card official website

According to the credit card announcement of CCB, the bank's credit cards are not allowed to be traded in three types of domestic real estate merchants (merchant category codes are 1520, 177 1 70 13). The transactions of domestic property management and leasing merchants (merchant category codes are 65 13 and 70 12) are controlled by customers: the single transaction amount does not exceed 30,000 yuan, the daily cumulative transaction amount does not exceed 50,000 yuan, the monthly cumulative transaction amount does not exceed 50,000 yuan, and the semi-annual cumulative transaction amount does not exceed 50,000 yuan.

Image source: CCB official website

According to "Beijing Business Today", an industry insider analyzed that banks tightened the trading limit of credit cards in real estate merchants, mainly for fear that users would borrow credit cards to speculate in real estate and make down payment. "Although credit cards range from tens of thousands to hundreds of thousands of yuan, it is a drop in the bucket for buying a house in first-and second-tier cities, but now in many third-and fourth-tier cities, real estate speculation can be done with multiple credit cards." In some commercial housing projects with lower total price, the sales staff are still suggesting to pay the purchase price by means of large credit cards.

The intermediary and the property responded like this.

According to Zhongxin Jingwei, many intermediary companies and sales offices have indicated that they do not accept credit card purchases. "You can't buy a house with a credit card. The sales office doesn't accept credit card payment. Go to the bank to pay the down payment. The bank will review the source of the down payment." Real estate agent Xiaojun said.

Xiaojun said that even if the money in the credit card is brushed out in other ways, as long as you buy a house in the cardholder's name or apply for a mortgage, the money is considered a debt. When you apply for a loan, you will see that many credit cards are in arrears, and the bank will definitely doubt your repayment ability. Moreover, the credit card date is close to the date of buying a house, and banks will also suspect that credit card funds are used for down payment. Now the supervision is very strict, and the application for down payment is likely to be rejected.

In first-tier cities such as Beijing, Guangzhou and Shenzhen, buying a house not only costs millions, but also pays a lot of agency fees for buying a second-hand house. It is understood that the current intermediary fees for second-hand houses in Beijing range from 2% to 2.7%. If you buy a 5 million yuan second-hand house, you need to pay an agency fee of 654.38+10,000 yuan according to the 2% agency fee.

At present, agency fees can be paid by credit card. Xiao Dong, a real estate agent, said that before, the credit card limit of most banks of real estate agents and brokers was 654.38+10,000 yuan, which basically met the needs of buyers with a total house payment of less than 5 million yuan.

"However, we do not recommend customers to use credit cards to pay agency fees, and try to use credit cards as little as possible before approving loans, because the large amount of credit cards may affect the qualification for loan approval." Xiao Dong stressed.

Property companies have indicated that they can support credit cards to pay property fees, and most owners' property fees are within the limit, which is basically unaffected.

In terms of renting, the housekeeper said that tenants can pay the rent by credit card through online APP, just by binding the credit card through Alipay or WeChat.

Expert: a prelude to controlling credit card risk

It is also based on the hidden danger of credit card overdraft to buy a house, and the supervision has focused on punishing related behaviors:

According to the administrative penalty information released by the regulatory authorities on August 9, China Guangfa Bank Shenzhen Branch was fined 400,000 yuan by Shenzhen Banking Insurance Regulatory Bureau for illegally misappropriating personal comprehensive consumer loan funds and credit card overdraft funds to purchase houses or pay related expenses. On August 13, Shenzhen Branch of Agricultural Bank of China was fined 800,000 yuan by Shenzhen Banking Insurance Regulatory Bureau. One of the reasons for the violation includes the flow of credit card overdraft funds to the real estate market.

According to the report of 265438+20th Century Business Herald in September, at the end of July this year, the regulatory authorities called some bank leaders in charge to Beijing for a meeting, demanding that banks control the credit card business, and should not increase the scale or issue assessment indicators in the second half of this year. "The main thing is to control risks. Now we will strictly check the flow of credit funds and focus on supervising illegal credit. "

Every time Bian Xiao (micro signal: nbdnews) noticed, at the end of August this year, Beijing Banking Insurance Regulatory Bureau issued the "Regulatory Opinions on Strengthening Risk Prevention and Control of Bank Cards". 13, five of the regulatory measures are aimed at credit card business, and one of them mentions "strengthening the monitoring of credit card capital flow":

Commercial banks within their jurisdiction should strengthen the monitoring of the capital flow of credit card overdraft and cash installment business, and require customers to provide shopping vouchers such as invoices when necessary, so as to ensure that personal credit card overdraft is used in consumption areas, not in non-consumption areas such as production and operation, house purchase investment and so on.

Image source: official website, Beijing Banking Insurance Regulatory Bureau.

According to Beijing Youth Daily, Zheng Dong, a senior banking expert, believes that the control of credit card funds flowing into real estate has always existed. The recent tightening of supervision, on the one hand, is the policy reason of real estate regulation, on the other hand, it is more important to control credit card risk in the second half of the year.

Zheng Dong pointed out that after the explosive scale growth in the past period, the growth rate of bank credit cards has slowed down this year, and bad credit cards have increased. Some banks even closed or reduced credit cards on a large scale and adjusted their credit card business structure. In his view, from the perspective of risk forms, the risk forms of credit card business in recent years are different from those before, mainly in the investment field, such as P2P and real estate. In the second half of the year, the focus of bank credit card business is indigestion, risk control and consumption control in the real estate field, which is an important content.