Credit card reserve fund

How to use the credit card reserve fund

Credit card reserve fund is an extra sum provided by the bank to customers, and customers can use it in stages. Generally, it is limited to daily personal consumption expenditure and cannot be used for production and operation, and it is often impossible to transfer money, withdraw cash, recharge Alipay, WeChat, etc. , nor can it be used in the securities market, equity investment, etc. Of course, some petty cash will automatically offset the credit card arrears first after it arrives.

Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1 The English Translation and Writing Standard for Public Service was formally implemented, which stipulated that the English name of CreditCard was Credit Card.

Credit card consumption is a non-cash transaction payment method, which does not need to pay cash when spending, and repays on the bill date.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

From the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate).

What does credit card reserve mean?

Consumer reserve fund refers to the small consumer reserve fund provided by banks to cardholders in the form of active invitation to meet the consumption needs of bank card users.

This amount of bank card users can spend at will, but after the expiration of the term, bank card users also need to repay this amount on schedule, so the consumer reserve fund also refers to the short-term loan of the bank.

Consumer accumulation fund requires bank card users to apply independently.

Application conditions of consumer reserve fund: the bank will regularly update the target customers who meet the requirements of applying for consumer reserve fund. Only the target customers can apply for "consumer reserve fund" from Ping An Bank, but the bank did not list the specific standards for the target customers of "consumer reserve fund".

What is a credit card with a reserve fund?

Following the credit card and loan business, major banks have launched the credit card consumption reserve fund business for some users who are short of funds. Because the business has not been launched for a long time, the groups used are not very extensive.

1, advantages:

In fact, for credit cards, loans and other businesses, it is to solve people's financial problems, and the reserve fund is mainly produced to solve this problem. Therefore, it is really helpful for users who are in urgent need of money, such as those who have no money to decorate after buying a house.

The biggest feature of the reserve fund is that it cannot occupy the credit card limit, which means that we still have funds to use after swiping the credit card.

2. Disadvantages:

Credit card repayment within the specified time does not need to pay interest, and the reserve fund has no interest-free period, so the final interest will be more, which is not a small expenditure.

(2) The reserve fund is mainly used to meet the capital needs of customers, so there are no additional subsidiary rights, such as accumulated points and various rights and services.

③ Reserve funds may exist. No matter whether it is used or not, the installment principal and handling fee should be paid back. If we accidentally or induced to apply for the Pudong Development Credit Card Consumption Reserve Fund, the loss will be great.

3. Introduction to the Reserve Fund:

In fact, the reserve fund is another form of credit loan introduced by banks, which will be given to eligible credit card customers from time to time. Different banks have different names, such as ICBC's Rong E loan and Guangfa Finance, and almost all major banks have their own credit loans.

Different banks have different forms of issuing reserves. The four banks built by China Agricultural Commercial Bank are called consumption stages, and this money can only be used for consumption. The term is generally 24 installments, and the amount is less than 300,000. The total interest rate of these banks is relatively low, different qualifications have different interest rates, and the general interest rate with good personal qualifications is ok.

In addition, the reserves of other commercial banks do not exceed 300 thousand, and there is a malicious one, China CITIC Bank. The cash of New Express can reach up to 500,000 yuan, and the cash of New Express can directly transfer the money to the card without swiping the card. The maximum term is 36 months, and the interest rate is between 4% and 1.

It is worth noting that the amount of reserve funds does not always exist. Generally, it will disappear if it is not used within three months after it comes out. The repayment method of the reserve fund is equal principal and interest, that is, the principal and interest are paid together, no matter how much your principal is left, the interest remains unchanged. If there is a reserve fund, then it is necessary to find out whether to punch in or brush out when borrowing money. Once the application is successful, the handling fee will be calculated whether it is used or not. Generally, 3% penalty will be charged for prepayment, and there will be almost two months' interest.

What does the reserve fund of credit card mean?

In order to meet the consumption needs of the main cardholder and provide the cardholder with a small consumption reserve fund, the cardholder can repay the principal and a certain amount of handling fee in installments.

After the "special reserve fund for consumption" arrives, the cardholder's credit card current arrears will be offset first. The principal and handling fee of each installment will be fully included in the minimum monthly repayment amount and will occupy the cardholder's available credit card account. The cardholder notifies the repayment according to the credit card statement and SMS. If the repayment is overdue or insufficient, the corresponding interest and late fees will be charged.

Extended data:

Credit card installment payment refers to the business that when a cardholder uses a credit card to make a large amount of consumption, the issuing bank pays the consumption funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and deducts the consumption funds through the cardholder's credit card account in stages according to the cardholder's application, and the cardholder repays the money according to the monthly recorded amount.

In the past, credit card installment mainly included bill installment and single consumption installment, and banks usually charged corresponding handling fees according to the number of installments. Whether it is bill installment or single consumption installment, the premise is to generate consumption behavior first, and then the bank will set installment repayment for the generated credit loan.

Most domestic banks have credit card installment business. Installment payment is generally divided into POS installment, "mail order installment" and bill installment according to different occasions.

What does credit card reserve mean?

Credit card reserve refers to the credit card funds granted by the bank to cardholders that exceed the credit card limit. It is not a credit card limit and cannot be withdrawn. It can only be used for credit cards, and these banks don't charge interest as long as the handling fee is charged. Generally, banks will invite cardholders to open the business of credit card imprest, and opening the imprest business will also improve the comprehensive score, which in turn can increase the fixed amount of credit cards.

Extended data:

Credit card raising skills:

1, the number of swipes per card is more than 5 times a week and more than 20 times a month. Reasonable monthly increase, 25-30 strokes per month is the best.

2. The credit card limit should be combined with large consumption. If it is trivial and small consumption, the bank will not treat you as a quality customer, and there are often large consumption to prove your consumption level.

3. It is forbidden to empty the quota in a large number of integers as soon as the account is issued. Basically, it was hollowed out at this time and immediately controlled by the bank. And after March, the risk control is getting stricter and stricter, so don't die.

4. It is best not to spend more than 50% of the total card amount at one time. Of course, if the amount is low, even if it is real consumption, it is best not to concentrate on brushing.

5. One card per day 1-2 is the best. Brush the same card at least 3 hours apart. Brush different cards at intervals of more than 5 minutes.

6. It is forbidden for anyone to check the balance on the POS machine before swiping the card. This is a proposition.

7. Don't always use 0, 6, 8, 9 as the mantissa. Don't use the same last three digits, such as 5222 and 8000.

8. Occasionally installment, especially when the bank calls installment, is basically to spend money to buy a quota. If you want the quota, you must agree to the installment, and you can try to divide it into small and short-term ones.

9. Try not to leave empty cards, leaving about 10%-20%. Some commercial banks have low quotas, which can be increased by credit explosion, but it is best to consume with real quality.

10, try to swipe your card after 9: 00 am and before 10 pm, and try not to swipe your card at other times.

1 1. If you fail to swipe your card once, don't try to swipe your card with a low amount again. Even if it is successful, the risk is too great. We should grasp the remaining credit of the card in real time.

12, card use time, card holding time more than half a year, and monthly transaction volume, timely repayment, the basic withdrawal success rate is high. Generally, you can apply for the first mention after half a year, and then every three months, so you must take the initiative to apply.

13, foreign consumption is very helpful to increase the amount. If you can go abroad or go shopping with friends, classmates and colleagues, you must bring your credit card and brush it hard. Moreover, there are too many overseas activities, and all kinds of cashback double points, so it is easy to swipe your card again.

14. If you are eligible to apply for temporary quota, you can use temporary quota. Except for the four major banks, the general temporary quota is relatively easy to fix. Of course, remember the provisional quota rules and don't be trapped.

15, if you have spare money, make a deposit in the bank or something, commonly known as moving bricks, which is the best way to withdraw the amount.

16, I have done a lot, but I can't get the amount. It's time to try the freezing method, stop using it completely, or pretend to cancel the card.

Where can I check credit card deposits and credit card deposits? This concludes our introduction. I wonder if you found the information you need from it?