Ping An Credit Card Reserve Fund Cancellation Process

How to cancel the Ping An Bank Credit Card Consumption Reserve Fund?

1. After successfully applying for Ping An Bank Credit Card Consumption Reserve Fund, there are 3 steps There is a hesitation period of days. During this hesitation period, if the cardholder wants to cancel the consumption reserve fund, he can contact the Ping An Bank Credit Card Center to apply for cancellation, and simply inform the staff to cancel the reserve fund;

2 . If the hesitation period has passed, the reserve fund for Ping An Bank credit card consumption cannot be canceled, but it can be repaid in advance. Early repayment requires a fee of 3 of the advance principal as a handling fee.

: 1. Ping An Bank Credit Card is the first credit business launched after the merger of Shenzhen Commercial Bank and Ping An Bank and was renamed Shenzhen Ping An Bank. In addition to the basic functions of credit cards such as credit consumption and cash advance, it , also has many special functions, providing cardholders with comprehensive security protection covering "consumption security, home security, and travel security".

2. Ping An Bank Credit Card Center was established in 2000 and settled in Qianhai, Shenzhen in 2015. It was upgraded to a credit card franchise with secondary legal person qualifications and relatively independent operations. As of November 2018, the number of cards in circulation has exceeded 50 million.

3. Ping An Bank is one of the main business departments of Ping An Group of China and an important part of the comprehensive financial service platform of Ping An Group of China. As a joint-stock commercial bank operating across regions, Ping An Bank has a registered capital of RMB 5.461 billion and total assets of more than RMB 130 billion. Its head office is located in Shenzhen, and its business outlets are currently located in Shenzhen, Shanghai, Fuzhou, Quanzhou, Xiamen and Hangzhou. . Full protection for consumption losses within 72 hours before the loss is reported

--If your credit card is lost or stolen, regardless of whether password-based transactions are set up or not, any consumption losses incurred by using the card within 72 hours before the loss is reported, You can apply for compensation from the Bank.

Full protection for cash advance losses if a credit card is robbed - if the cardholder is hijacked by a gangster and is coerced by the gangster and his life and health are seriously threatened, he is forced to disclose to the gangster the identity of the cardholder. If the credit card password in the person's name causes the credit card to be used for cash advance by criminals through an automatic teller machine (ATM) or bank counter, the cardholder can apply for compensation from the bank.

How to cancel a Ping An reserve fund accidentally applied for

1 During the hesitation period: After successfully applying for a Ping An Bank credit card consumption reserve fund, there is a 3-day hesitation period. During this period If we want to cancel, we can contact the Ping An Bank Credit Card Center and directly inform the staff to cancel the reserve fund;

2 Exceeding the hesitation period: If the hesitation period exceeds, we cannot change or cancel the application. Because once the consumption reserve fund arrives, no matter whether it is used or how much is used, the normal handling fee will be charged according to the successfully applied amount of the "consumption special reserve fund". We must repay the bill balance, including the installment amount and handling fees, in full before the repayment date.

If we really want to terminate the business, we can repay the loan in advance. Apply through the Ping An Pocket Bank APP or call the Ping An Bank customer service hotline. After the application is approved, the entire remaining principal of the "Consumption Reserve" business will be deemed due and payable, and a handling fee of 3% of the remaining principal will be charged and included in the current credit card bill (the handling fee already recorded will not be refunded). A one-time payment is required.

Operating environment: HUAWEIios2.0.0 Pocket Bank 2.25.0

Just call the Ping An Credit Card customer service hotline and apply for cancellation during the hesitation period, because the reserve fund of Ping An Bank is within the hesitation period. You can choose whether to cancel. If you apply for cancellation of the reserve after the hesitation period, you can only apply for early settlement, and a handling fee will be charged. In addition, after the Ping An Bank reserve fund is settled, there is a time interval for users to apply again. They need to wait at least 3 months before they can apply again. If there is not a long enough interval, the application will usually be rejected, so it is better to wait for a certain interval before applying again.

: Disadvantages of Ping An reserve funds:

1. Blind consumption: Nowadays, most people use credit cards to consume, and they feel nothing when swiping cards, so it will lead to blind consumption and spending money. It's like running water.

2. Over-consumption: After applying for the Ping An reserve fund, although you can buy a lot of things you like, the huge installment bills caused by over-consumption are often unable to be repaid by yourself, so we When applying, you should consider whether you are able to repay.

3. No cash withdrawal: The amount of the Ping An reserve fund is directly transferred to your credit card, so cash withdrawal and transfer are not allowed;

4. Charges: When the Ping An reserve fund arrives, , whether you use it or not, the bank will charge a certain amount of handling fee.

What is the process for canceling the reserve fund of Ping An Bank's credit card?

How to cancel the reserve fund for consumption of Ping An Bank's credit card?

1. What happens after the application for reserve fund for consumption of Ping An Bank's credit card is successful? There is a 3-day hesitation period. During this hesitation period, if the cardholder wants to cancel the consumption reserve fund, he can contact the Ping An Bank Credit Card Center to apply for cancellation, and simply inform the staff to cancel the reserve fund;

2. After the hesitation period, the Ping An Bank credit card consumption reserve cannot be canceled, but it can be repaid in advance. Early repayment requires a fee of 3 of the advance principal as a handling fee.

Generally, banks invite credit card customers to activate reserve fund services. To put it simply, the reserve fund is the money that the bank gives you beyond the credit limit of your credit card for you to spend, and the bank earns some handling fees. Therefore, the invited customers are generally people with a certain repayment ability, which can also be called banks. of quality customers. The special reserve fund for credit card consumption of Ping An Bank is an additional amount of credit card funds given to you by the bank in addition to your credit card. It is not a limit and cannot be withdrawn. It is used for credit card payments and can be returned to the bank within a maximum period of 24 months.

The reason why banks dare to issue reserve funds without providing collateral is because the penalty interest on credit card reserve funds is relatively high. If the payment is overdue, the interest will be doubled. Many people may be thinking, if I use it, I will use it, and what will happen if I don’t pay it back. If the reserve fund is used but not repaid, it will be similar to the normal situation of overdue card use, and the interest rate is a bit scary. It is recommended that you proceed with caution.

That’s it for the introduction on how to cancel Ping An Credit Card’s bonus.