Guangzhou Bank credit cards are also divided into gold cards and platinum cards, and platinum cards are also divided into elite airline cards. Different types of cards have different functions.

Disadvantages:

1. The application conditions are very harsh

Just work permit and ID card will do. But only Guangzhou, Jiangmen, Foshan, Shenzhen, Nanjing, Huizhou and Zhongshan have household registration, or bachelor degree or above, or have purchased provident fund, or institutions (schools, hospitals and institutions) can handle it.

2. Generally speaking, the probability of approval is relatively low. If there is no unit, it is better to have fixed assets such as real estate, cars, etc. or if there is a stable source of income, you can also go to the bank where you have a transaction to obtain a bank flow certificate to apply to the bank. If the income source is relatively stable, the application success rate is still very high.

Moreover, Guangfa New Pit: cascade management of overdue liquidated damages. In March, a new regulation was issued, and Guangfa Bank implemented the cascade management of overdue penalty for credit cards. The so-called cascade management is to raise prices secretly. If the cardholder fails to pay off the minimum repayment amount of each bill on time for more than 2 consecutive months (inclusive), the penalty collection rate for the unpaid part will be raised from 5% to 6%. In addition, the credit points of cardholders (that is, the "reliable value" of Guangfa Bank's credit card) are different, and the minimum amount of liquidated damages is also different: the minimum amount of liquidated damages is 1 yuan above 75 points, 2 yuan between 62 and 75 points, and 3 yuan below 62 points.

In addition, Guangfa Credit Card only has a one-day grace period, yes, just one day, once a year. Don't miss it. You have to call to apply. Unlike the three-day grace period of most banks, Guangfa is willing to use the lessons of blood to help customers develop the habit of repaying on time. In addition, the tolerance of Guangfa is only 9.99. Some card friends said that they paid 1 yuan less once, but the customer service said that they could not. The tolerance is not higher than that of 1 yuan, so they can pay 9.99 yuan less, but not 1 yuan less.

: The reasons why the credit card application failed are: the applicant's repayment ability is insufficient. The applicant's insufficient repayment ability will involve two aspects. One is the applicant's income. If the applicant's income is too low and exceeds the bottom line of the credit card issuance limit, then the bank will reject it. On the other hand, the applicant's job is stable, and many applicants have high incomes. However, due to unstable income sources, such as self-employed, banks will worry about the applicant's future repayment ability, and may also refuse to approve.