In order to curb illegal cashing of credit cards, the Credit Card Center of Guangfa Bank (formerly Guangfa Bank) initiated financial intelligence business in China. Financial service is an emergency reserve fund service provided by the Credit Card Center of Guangfa Bank for cardholders. Credit card holders who have no mortgage or guarantee at all and have a good credit record can apply to the Credit Card Center of Guangfa Bank for cash advance.
Caizhijin's so-called innovative wealth management products refer to: the main cardholder who has used Guangfa dual-currency or RMB single-currency credit card for more than 3 months (with a good card record) can apply for a certain amount of cash advance from Guangfa Bank; After the approval is successful, the corresponding funds will be directly transferred to other bank savings accounts with the same name of the applicant. Save the cardholder 2.5% cash withdrawal fee and 0.05% daily interest, and illegally withdraw cash by credit card.
EPPC product is an overdraft transfer installment repayment service provided to customers within the comprehensive credit line of customers' credit card accounts, aiming at the needs of customers' personalized repayment methods.
For the approved customers, Guangfa Bank will deduct a sum of cash from their credit cards by overdraft transfer and transfer it to the domestic bank savings account with the same name designated by the cardholder.
Customers can choose to repay the principal and handling fee in installments on 3/6/12/18/24/30/36/48/60 (handling fee can be repaid in one lump sum for specific projects).
For this kind of overdraft transfer installment repayment business, it can be simply understood as transferring the available credit card amount to a savings card, allowing the applicant to dispose of the funds at will and make installment payment.
If your savings card is short of funds, you can use the credit card financing fund business of Guangfa Bank, and you can make flexible turnover by paying a handling fee.
After successfully applying for financial intelligence business, Guangfa Bank will issue you a Guangfa credit card to repay your monthly financial intelligence bill, and at the same time, it will have general credit card functions such as consumption and cash withdrawal.
Summary: The above is the relevant introduction of CGB Finance. Do you know anything about finance after reading it?