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

Disadvantages:

1, the application conditions are very harsh.

Only work permit and ID card. However, 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.

Generally speaking, the probability of passing is relatively low. If there is no unit, it is best to have fixed assets such as real estate and cars. Or have a stable source of income, you can also go to a bank with a transaction to obtain a bank flow certificate and 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, new regulations were issued, and Guangfa Bank implemented cascade management on overdue penalty interest of credit cards. The so-called cascade management is to secretly raise prices. 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 interest collection rate for the unpaid part will be raised from 5% to 6%. In addition, due to the different credit scores of cardholders (that is, the "reliable value" of the credit card of Guangfa Bank), the minimum charge limit of liquidated damages is also different: 750 points or more 10 yuan, 620 to 750 points, 20 yuan, and 620 points or less, 30 yuan.

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. Different from the three-day grace period of most banks, Guangfa is willing to help customers develop the habit of paying back on time with the lessons of blood. In addition, the tolerance of Guangfa is only 9.99. A card friend said it was less than once 10, but the customer service said no. The tolerance is not higher than 10 yuan, so it can be lower than 9.99 yuan, but not lower than 10 yuan.

The reasons why the application for credit card is not approved are: the applicant's repayment ability is not enough. The applicant's insufficient repayment ability will involve two aspects. One is the income of the applicant. If the applicant's income is too low and exceeds the bottom line of credit card issuance, the bank will not approve it. On the other hand, applicants have stable jobs and many applicants have high incomes. However, due to the unstable sources of income, such as self-employed, banks will worry about the applicant's future repayment ability and may refuse to sign.