Is it cost-effective for CCB to spend the reserve fund?

It is not cost-effective for CCB to spend the reserve fund. I believe many friends have received customer service calls from banks in their lives. In addition to telling them that there is a credit card in the bank, there will also be a fixed reserve fund. Taking China Construction Bank as an example, China Construction Bank recommended consumer reserve fund to customers, which can be used for daily expenses. In fact, most of these consumer reserve funds are used for credit card consumption, and there is a certain limit, which stipulates that the repayment time is within 24 periods.

First, China Construction Bank launched the Consumer Reserve Fund.

The consumer reserve fund introduced by China Construction Bank refers to the amount that users can use for personal or family daily consumption in addition to the credit card limit issued by users and cardholders with good credit. This amount can only be used for consumption and cannot be withdrawn. Only users of China Construction Bank who are qualified to withdraw the provident fund can apply to China Construction Bank for issuing a card to withdraw the consumer provident fund. After the construction bank passes the application, it will put the money into the user card before the user can use it.

2. Is the consumer accumulation fund of CCB really cost-effective?

The reserve fund prepared by CCB for customers is independent of the fixed consumption quota to meet other consumption needs of cardholders. After the cardholder applies with one click, CCB will lend money in real time according to the credit quality of the user. After applying for and approving the real-time fine, the cardholder will immediately use the funds for consumption. Although the fund is handled free of charge, its installment times are fixed, which means that the cardholder needs to return the spent consumer reserve fund within 24 months. Moreover, the Construction Bank also has certain restrictions on the amount of consumption provident fund, which generally does not exceed 300,000. Generally, the service period is used up within three months.

Third, how to use the consumer provident fund? Do you want to use it or not?

Not everyone can enjoy the consumption accumulation fund launched by China Construction Bank. Cardholders can apply for consumer reserve funds on the basis of meeting the requirements, but the use is limited. Generally, after more than three months, it can no longer be used. Secondly, the repayment of reserve funds is mostly equal principal and interest. The repayment method introduced by China Construction Bank is interest first, and the handling fee is average monthly interest. In other words, the monthly handling fee is the initial amount multiplied by the monthly rate for handling formalities. Before applying for consumer reserve fund, it is necessary for China Construction Bank to ask about the method of fine so as to avoid making mistakes.

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For ordinary users, we generally don't recommend applying for the consumer reserve fund of CCB, but if you are in urgent need of capital turnover, you can also apply for the consumer reserve fund from CCB, but it is recommended that cardholders apply for the consumer reserve fund according to the actual situation of their credit cards, and if necessary, they can appropriately increase the amount and increase their own reserve fund.