Credit Card Market Welcomes Its Age In China

[sunnykaa]

In China, it used to be a fact that only people with stable jobs and income gets credit cards. At that time, there weren’t many Chinese accept the idea of borrowing money from the bank. For them, having a debt is something goes with pressure.

Until recent years. the quicken pace of development enables Chinese credit card market to welcome its age.

At colleges lying in big cities, boys and girls ---- almost everyone of them, having at least one credit card in their pockets----some may have two or three. They don’t have a full-time job ( maybe not a part-time one either) at all, but that isn’t what the bank cares about. In order to widen its business, it persuaded themselves to trust that the parents of those undergraduates will pay for their kids finally since the young often fail to manage their pocket money well. Moreover, when the young consider holding a credit card something cool, they go their utmost to persuade their dear mama and papa. There are about 1,600,000 undergraduates in China, how many credit card we can sell then?

Some friends of mine used to go China for a trip in early years complained that they just couldn’t find a place to use their cards: “Cash please.” “Cash only.” ----‘I can speakthe two sentences in Chinese.”, Janet told me .
If you are told by people around like the above, they must been to China long time before. In most big cities in Mainland China, credit card is acceptable almost everywhere from Walmart to a little so called store. VISA, Matercard… kinds of shining logos represents a soaring development of a country with 1/5 population in the world.

The last but not the least, studying or traveling abroad is no longer a dream for people in China. In some top cities like Shanghai, Shenzhen and capital Beijing, which country to go this vacation is the best has already been one of the hottest topics. Most of them are willing to go America, England or the Europe. In this case, they need to apply for a credit card which is useful not only in their nation.

In short, from my point of view, gold is lying under the market of Chinese credit card. Are you ready to go??

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