A poll on Weibo on "How many credit cards do you have" with 3,355 people participating showed that 1,267 people chose "no credit cards" In addition to the "failure" in overdraft consumption, chaos such as declining service quality and opaque interest rates have also become the reasons why some young people do not want to use credit cards. Data released by the China Payment and Clearing Association in January this year show that the number of credit card issuances decreased by nearly 20 million compared with the beginning of the year.