Friends who use credit cards must have heard of the reserve fund. The reserve fund is a sum of card funds in addition to the credit limit granted by the bank to the credit card holder. If you encounter financial difficulties, you can choose to use it. Credit card reserve fund can solve the problem. Credit card reserve fund can indeed provide convenience to everyone's life, but do you really understand the reserve fund?
Credit card reserve fund is a limit outside the credit limit provided by banks to high-quality credit card holders. The reserve fund limit and the credit card limit are independent of each other. Users can usually use the reserve fund limit to make purchases with their cards. Usually a reserve fund is required by the bank to open, so not every cardholder has a reserve fund.
To put it simply, the reserve fund is an extra amount of money given by the bank to high-quality credit card users for you to spend. After using the reserve fund, most banks require the user to apply for installments, so that the bank can earn There is an installment fee. Generally, the installment fee for credit card reserve funds is higher than the bill installment rate, so using the reserve fund also requires a certain cost. In addition, it should be noted that if the credit card reserve fund cannot be repaid on time, the bank will charge double the overdue interest, so if the reserve fund cannot be used reasonably, it is best not to use it lightly.
Different banks have different names for reserve funds. For example, Bank of Communications’ Haoxiangdai has a maximum limit of 300,000, and users can apply to repay it in 24 installments; China CITIC Bank’s reserve fund is called Yuanmengjin. , credit card users who have used the card for about 1 year will have the opportunity to receive an invitation from China CITIC Bank to open Dream Gold. The maximum limit of Dream Gold is 300,000 yuan; the reserve fund of Shanghai Pudong Development Bank is called universal gold, and cardholders with a Pudong Development Bank credit card limit of only about 2,000 yuan , you have the opportunity to obtain a universal fund of more than 100,000 yuan; Agricultural Bank of China’s reserve fund is called Wangjie Loan. This function is mainly launched by Agricultural Bank of China for groups with mortgage loans or high-quality units that pay wages on behalf of the bank. Only invited users can There is an opportunity to open Wangjie Loan, with a maximum loan amount of 300,000, and the supported installment periods range from 1 to 60 months.
Although various banks now issue credit card reserve funds, these credit card reserves are issued by banks to high-quality customers. Not everyone has the opportunity to open the reserve fund service. If you want to become one, Invited users, pay attention to repaying your credit card on time when using your credit card, and it is very important to become a high-quality user of the bank.
In addition, I would like to remind everyone that there are installment fees for using reserve funds for consumption, and once overdue behavior occurs, high penalty interest will be incurred. Therefore, if you cannot use reserve funds reasonably, it is recommended that you Don't use it lightly.