The provident fund cannot directly repay credit card money.

The funds in the provident fund account can only be used for housing-related purposes such as house purchase, decoration, and mortgage repayment, and cannot be used for other purposes. If you want to use your provident fund to pay off your credit card, you can withdraw the funds from your provident fund account by cash withdrawal, and then use these funds to pay off your credit card. However, it should be noted that provident fund withdrawals need to meet certain conditions, and the amount and number of withdrawals may be limited.

The provident fund can be withdrawn, but certain conditions need to be met.

1. Withdrawal for house purchase: In addition to providing provident fund loans, the provident fund can also be withdrawn when purchasing a house. Home buyers can withdraw the balance in the provident fund account to repay the principal and interest. If the provident fund is not used for loans, If you use a commercial loan, you can also withdraw the amount from the provident fund loan account as a down payment for the house purchase, or you can withdraw the provident fund to repay the principal and interest. In addition, if you do not need a loan during the house purchase, you can also withdraw the provident fund in one go.

2. Use for decoration: Provident funds can be withdrawn for decoration.

3. Rent: If you need to rent a house, you can also withdraw provident funds to pay the rent.

4. Major disease payment: If you or a family member suffers from a major disease and need money for medical treatment, you can also apply to withdraw the balance of your provident fund account for medical treatment.

5. Account cancellation and withdrawal: If the employee needs to cancel the provident fund account due to resignation (only with rural household registration), retirement, immigration, etc., the balance in the account can also be withdrawn for use.

To withdraw provident fund, you need to prepare the following materials:

1. The original and copy of the house purchase contract or agreement.

2. The original and copy of the house purchase invoice.

3. The original and copy of the employee’s ID card for providing provident fund withdrawal.

4. When withdrawing provident fund, the employee’s bank savings account number and the employee’s spouse also need to provide the original and copy of the couple’s relationship certificate.

In summary: It is formulated in order to strengthen the management of housing provident funds, safeguard the legitimate rights and interests of housing provident fund owners, promote urban housing construction, and improve the living standards of urban residents.

Legal basis:

"Regulations of the People's Republic of China on the Administration of Housing Provident Funds"

Article 1

In order to strengthen the These regulations are formulated to manage the housing provident fund, safeguard the legitimate rights and interests of housing provident fund owners, promote urban housing construction, and improve the living standards of urban residents.

Article 2

These regulations apply to the deposit, withdrawal, use, management and supervision of housing provident funds within the People's Republic of China and the territory of the country. The term “housing provident fund” as mentioned in these Regulations refers to state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social groups (hereinafter collectively referred to as units) and their employees Contributions to long-term housing savings.