What does Agricultural Bank of China's reserve fund mean?

Agricultural Bank of China's reserve fund is a credit card installment business. After a credit card customer applies, the amount will be directly credited to the credit card. After the money is deposited into the credit card, it will become an overpayment, and the bank will close the transfer and cash withdrawal functions of the credit card. At this time, the Agricultural Bank of China reserve fund can only be consumed by swiping the card, but cannot be used for cash withdrawal.

Extended information:

Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder. consumption funds, and then allow the cardholder to repay the bank in installments and pay handling fees. The bank will deduct consumption funds and handling fees from the cardholder's credit card account in installments based on the cardholder's application, and the cardholder will repay according to the monthly credit amount.

In the early days of the credit card installment business, banks often promoted it as "interest-free", and indeed many citizens were "fooled". In fact, interest-free is not free, it’s just called something different.

In general, the one-year credit card installment fee is lower than the annual cash withdrawal interest of 18% and higher than the bank's one-year commercial loan interest of 5.31%. It is worth mentioning that commercial bank loan interest rates have been reduced many times in recent years, but the standards for credit card installment fees and cash withdrawal interest have rarely changed. Although the standards for credit card installment fees vary from bank to bank, the calculation method is roughly the same.

Agricultural Bank of China credit card installment application process:

Step 1: Hold a Jinsui credit card and spend RMB 500 or more in a single transaction.

Step 2: Call the relevant department 1 day after the transaction and 3 days before the due date of the bill to apply for the "516 installment payment" business;

Step 3: The consumption can be paid in installments repay.

Golden Harvest Credit Card holders can apply for installment extension business by calling the Customer Service Center of Agricultural Bank of China. The application date for installment extension business is from the next bill date after the installment application is successful to before the final installment bill is generated.

Number of installment extension periods for Agricultural Bank of China credit card installments:

Each installment transaction can only be extended once, and the cumulative number of periods after extension can only be 6, 9, or One of the 12th and 24th issues.

Agricultural Bank of China Credit Card Installment Extension Fees and Handling Fees:

The extension fee for installment payment extension is RMB 100. The extension fee enjoys the interest-free treatment for consumption. There is a handling fee for each installment after the extension. This is 0.6% of the principal amount of the unbilled installment when applying for extension.

Agricultural Bank of China credit card installment payment rate standard:

The handling fee for each installment is 0.6% of the installment principal.

Can the Agricultural Bank of China's reserve funds be recycled?

I believe that many friends will go to the bank for loans or use reserve funds due to financial problems, but generally they need to be repaid and used again. So I would like to know whether the Agricultural Bank of China reserve funds can be recycled?

1. The Agricultural Bank of China credit card consumption reserve fund is a fund that is transferred to the cardholder's credit card after the cardholder applies for an installment limit from the card-issuing bank, Agricultural Bank of China, and is approved by the Agricultural Bank of China, for consumption by the cardholder. And the business of repaying the funds in installments and paying certain handling fees. The reserve fund can be recycled within the validity period.

2. After successfully applying for the Agricultural Bank of China credit card consumption reserve fund, the consumption funds will be transferred to the cardholder's corresponding credit card account. At that time, the system will automatically close the transfer, cash withdrawal, real estate consumption and other functions of the credit card and its affiliated cards. You need to wait until the overpayment balance of the credit card and its affiliated cards reaches 0 to reopen it.

3. After the cardholder applies for the consumption reserve fund, he can spend it within the validity period; if the cardholder does not use the funds, he must also repay the installment principal of the reserve fund every month according to the credit card bill. and a certain handling fee.

To sum up, we know that the Agricultural Bank of China reserve fund can be recycled within the validity period, and we hope we can help you.

How to use the Agricultural Bank of China credit card consumption reserve fund? Note that cash transfers are not allowed!

Many people are discussing Agricultural Bank of China’s credit card consumption reserve fund. People are also paying close attention to all aspects of this consumption reserve fund, and many people have applied for the Agricultural Bank of China's credit card consumption reserve fund. But some people don't know how to use it.

So, how to use the Agricultural Bank of China credit card consumption reserve fund? Let me answer it for you today.

1. It can be used for daily life consumption

The Agricultural Bank of China credit card consumption reserve fund is originally a special limit provided by Agricultural Bank of China to customers. It is an independent limit, mainly for customers. It is used in daily life consumption.

You can use this credit card to spend reserve funds when buying cars, purchasing furniture, house decoration, or for travel expenses, education, medical care, etc.

2. It cannot be used for transfers or cash withdrawals

After you apply for the Agricultural Bank of China credit card consumption reserve fund, the loan will be released immediately and the amount will be transferred to your designated credit card. In the account, after the transfer, your credit card will temporarily close the cash withdrawal and transfer functions, and you can only use this credit card to make purchases.

Notes on using the Agricultural Bank of China credit card consumption reserve fund

When the Agricultural Bank of China credit card consumption reserve fund you applied for arrives, it also means that the business you handled has officially taken effect, so no matter you Whether you use this consumption reserve fund, you must repay the principal and installment fees every month.

The above is the answer to "How to use the consumption reserve fund of Agricultural Bank of China credit card?" The credit card consumption reserve fund of Agricultural Bank of China is mainly for you to use in daily life consumption. It cannot be withdrawn or transferred, and you must repay it every month regardless of whether you use it or not.

How to use the Agricultural Bank of China's reserve fund?

The Agricultural Bank of China's consumption reserve fund is a credit card holder who applies for an installment limit from the Agricultural Bank of China. After successful approval, the Agricultural Bank of China will transfer the consumption funds to the designated credit card. , the cardholder repays the consumption funds in installments and pays a certain amount of installment fees.

The minimum single application amount for consumption reserve fund is RMB 500, and the maximum amount does not exceed the installment limit available to the cardholder. After the consumption reserve fund application is successful, the funds will be transferred to the cardholder's designated credit card RMB account in real time. Regardless of whether the cardholder has used the funds, he must repay the principal installment of the "consumption reserve fund" on a monthly basis based on the amount shown on the credit card statement. and pay the installment fee.

Extended information:

Notes on the use of the Agricultural Bank of China's consumption reserve fund:

1. Once the consumption reserve fund is successfully processed, the cardholder shall not apply for cancellation.

2. Agricultural Bank of China has the right to independently decide whether to agree to the "consumption reserve fund" application and the installment amount based on the cardholder's credit status and business judgment.

3. After the consumption reserve fund application is successful, the cardholder can use the obtained funds for consumption, but cannot withdraw cash. Agricultural Bank of China will temporarily close the cash withdrawal, transfer and real estate consumption functions of the designated credit card and its supplementary card until the overpayment balance of the credit card account reaches zero and it will be automatically reopened.

4. The installment principal and handling fees of the consumption reserve fund are not included in points.