According to the regulations of Guangfa Bank, the daily cumulative payment limit is divided into three parts:

1, the industry limit set according to the characteristics of the industry (card secret: 1000 yuan/day; SMS dynamic verification code: 5,000 yuan/day for low security level (set through online banking) and 20,000 yuan/month for high security level (set through counter and other channels); Key shield: 1 10,000 yuan/day; Key orders: 50,000 yuan/day);

2. Payment limit set by Guangfa Bank for merchants;

3. Customer-defined payment limit.

The payment system takes the lowest value as the daily payment limit according to the principle of the lower of the three. When paying money every day, the system will accumulate the amount paid that day. If the daily payment limit is exceeded, the system will refuse to pay.

In addition, some transactions are limited by business types, and only one card payment by credit card or debit card is supported. If the merchant only supports debit card payment and chooses credit card payment, the system will refuse to pay.

Extended data

Precautions for swiping cards:

1, the amount is very large and there are few credit cards.

The original intention of banks to approve large-value cards is to hope that cardholders can effectively use the quota. Suppose that the quota of 20,000 yuan is approved, but in fact, the monthly consumption accounts for less than 30%. In the long run, it is likely that the bank will reduce the quota.

2. Overdue repayment or non-repayment.

Often overdue repayment, banks will think that cardholders do not have the ability to repay on time, and then reduce their credit limit. In order to prevent cardholders from continuing to owe more money, banks will reduce the amount and even freeze credit cards.

3. Credit card risk transaction.

Although the cash bank can't see it, it can feel it. For example, several large credit cards are fixed on a POS machine every month, and credit cards are usually not spent much in other merchants. Such a transaction is obviously suspected of cashing out. Even if you don't cash out, such a credit card habit will make you take the blame for cashing out.

Guangfa Bank —— When online payment is made, the consumption amount on that day does not exceed the limit, which means that it exceeds the daily cumulative limit.

Phoenix Finance-large credit card, less credit card, beware of credit card downgrade.