Bank Credit Card Legal Issues

Credit card is a new financial product of modern market economy, advanced technology and highly developed bank service, which integrates transfer counting, cash accessing and consumer credit into one. It breaks the complexity and inconvenience of traditional cash trading. The consumer has no need to take cash and whether he has enough cash or not, he could complete the transaction smoothly, which makes the transaction more and more easy. As a new instrument of transaction, the essence of the credit card is a consumer credit, which provides a clear credit limits recyclable credit account, the consumer could use part or all of them, when the consumer return the money to the bank in definite period, the credit limits reverts to original condition, the consumer could uses it repeatedly in validity.The first card in modern sense appeared in U.S.A and spread all over the world soon. There has been twenty years since we issued the first credit card, but still remains in primary stage both in theory and practice. At present time, it is still a gray area in law regulating credit card, what we could find relating to the credit card only in Civil Law, Criminal Law and Financial Law etc, which could not govern the behavior effectively. The disputes of credit card innumerably, restricting the advantage of the credit card into full play to a large extent. In order to utilize the function of the credit card fully and stave off the risk of transaction, this article will give an overall analysis from both theory and practice sides:In the first three parts, the writer analyzes the basic information on credit card from the point of theory. Firstly , the writer briefs the history of credit card and its development in china. Then the author compares different definitions on credit card, generalizing the essentials of credit card. Credit card in essence is a type of consumer credit. This article the first three parts classes credit card from many aspects, making a different between all kinds of credit cards. The author points out the...