Can the fund be purchased by credit card?
Funds can't be bought by credit card, because the bank stipulates that the money in credit card can only be used for consumption. No matter whether you swipe your card or withdraw cash, the whereabouts of funds will be monitored by banks, and even you are required to upload consumption vouchers, which are prohibited from being used for investment and wealth management. Buying a fund is a kind of investment and financial management.
Some cardholders withdraw the available balance from their credit cards and use it to buy funds. This is very dangerous. First, once monitored by the bank, they will ask you to pay off the amount immediately, and then freeze your credit card. In addition, they will also charge a withdrawal fee of 1% for credit card withdrawal, and compound interest at the rate of five ten thousandths per day from the time of withdrawal. This part of interest is even higher than the income of ordinary funds, and it is not worth calculating.
Credit cards can't buy funds. Once it is found out, it will even face legal sanctions. If the amount is large, they will face jail. So, don't use the money in your credit card to buy a fund. First, the law does not allow it, but it is clearly stipulated. Second, this is a sure thing, don't do it.
The "Regulations on the Use of Credit Cards" clearly stipulates that it cannot be used for investment, so it is illegal to buy funds with credit cards, and banks have the right to impose relevant penalties on illegal credit cards.
Before buying a fund, you need to open an account, then bind the bank card and recharge it to the fund account before you can buy a fund. After reading the above introduction, I believe everyone has a good understanding of whether the fund can be purchased by credit card.