Frequently asked questions on angel loans

1. How to use the angel loan? Can I use angel loans for every credit card purchase?

After activating the angel loan line, as long as the consumption reaches 500 yuan, you can automatically use the angel loan and automatically stage it. However, angel loans are denied to consumers below 500 yuan.

2. Which merchants can let me use the angel loan line? Are there any restrictions?

Most merchants can, but it should be noted that the angel loan line does not apply to real estate transactions and other projects designated by Bank of Communications from time to time according to regulatory regulations and risk policies.

Third, there is not enough cash on hand. Can I withdraw the angel loan?

Angel loan is a kind of consumer loan, which can only be used for merchants' credit card consumption or online shopping payment, and cannot be withdrawn.

4. Can I still use my angel loan youth card after the angel loan quota expires?

As long as the repayment is made on time during the angel loan period, you can continue to use the angel loan youth card after the angel loan expires and enjoy all the services provided by the Bank of Communications credit card for youth card customers. Please refer to the SMS notification of Bank of Communications for your credit card limit. Please check it carefully.

5. Can angel loan freely choose the number of installments?

Angel loan only supports 6 installments, 12 installment and 24 installment, and the specific number of optional installments is subject to the approval result.