Most of the cashback credit cards issued by banks can only be in consumption abroad, but Guangfa Bank has launched a cashback card that can be consumed in China-Guangfa Sharp Card. Although it is an old card, its cashback rights have always been the talk of many cardholders. So, how can Guangfa Sharp Card be cashed back? Back to where now? Let's have a look.

1, how to cash back Guangfa Sharp Card?

Although Guangfa Sharp Card can be cashed back in domestic consumption, it can only be cashed back in three types of designated merchants: department stores, supermarkets and restaurants, and it needs to meet the consumption standards to enjoy cashback. According to the consumption amount and time, the cashback ratio is different.

1) you can enjoy cash back if you spend 99~ 1999 yuan;

2) If the consumption amount is above 199 yuan, it can be cashed back 1% every day, 5% if you choose a first-class merchant on Friday, and the highest monthly cash back reward is 100 yuan.

Whether it can be cashed back mainly depends on the judgment result of the bank according to the merchant category code (MCC code) of UnionPay.

2. Where is Guangfa Sharp Card now?

The cash returned by Guangfa Sharp Card is returned to the cardholder's credit card account without repayment signature.

Many friends may not be surprised to use this non-repayable deduction amount. In fact, this is mainly used to deduct credit card arrears. That is, after the repayment-free signing amount arrives, after the credit card bill comes out next month, part of the arrears on the credit card bill can be directly deducted.

The above is the introduction of "where does Guangfa Sharp Card return now?" I hope it will help everyone. In short, Guangfa Ruika swipes cards in three designated merchant types and can be cashed back every day. The cash back is returned to the credit card account in the form of avoiding repayment, which can deduct part of the credit card debt.