2. The interest-free period for both Y-POWER cards and standard credit cards is 25-56 days. There is no need to deposit cash in the card. You can enjoy the consumption experience of swiping the card first and repaying later, interest-free. The repayment period is up to 56 days.
3. The credit card limit is determined by the bank based on the card applicant's own conditions and financial strength. For regular cards, the limit is between 1,000 and 10,000. If it is a Bank of Communications standard credit card, the gold card limit is Between 1,000 and 50,000.
4. Points rules: The Bank of Communications Y-POWER card is the same as a standard credit card. You will earn 7 points for 1 US dollar spent, 7 points for 1 US dollar withdrawn in cash. You can use points to offset fees and use points to share delicious food. The Y-POWER card points are valid for 2 years. Compared with the credit card points policy that is valid for 3 years, 5 years or even lifetime, the points of the Y-POWER card are valid for a very short period. You may not have enough points to exchange for your favorite gifts. Consider the issue of points being cleared upon expiration.
5. Cash Withdrawal: When withdrawing RMB cash within the Bank of Communications Y-POWER card, regardless of whether you are traveling across banks or in the same city or in different places, the handling fee is as low as 5 yuan per transaction, and the cash withdrawal limit can be as high as 100% of the credit card limit. Standard credit card cash withdrawals from local peers, local inter-bank cash withdrawals, non-local peer cash withdrawals, and remote inter-bank cash withdrawals are 1% of the transaction amount. The minimum charge is 10 yuan and the maximum charge is 500 yuan. The cash withdrawal limit of a credit card is generally 50% of the credit limit.
6. Repayment Whether you use Y-POWER or Bank of Communications standard credit card at home or abroad, you can choose to repay in RMB in the end, eliminating the trouble of needing to exchange foreign currency for overseas consumption. Various repayment methods save time, effort and worry, allowing you to spend with ease with one card in hand.