Can GF Caizhijin be used to pay off Ping An Credit Card?

Yes.

The money is given to you, and the bank doesn’t care how you spend it, as long as you pay back the money here on time. Caizhi Metal is a kind of temporary limit, but the conditions for issuance are different, and it can be paid back to the credit card.

How to repay the GF Credit Card Caizhijin? Learn about the two repayment methods!

Guangfa Bank has also launched a credit card cash credit service - Caizhijin, which includes ordinary Caizhijin and exclusive Caizhijin. You need to choose a repayment method when applying. After approval, the money will be transferred to the debit card account in your name. You must repay on time, otherwise it will be overdue and affect your credit. So, how does GF Caizhi Financial repay the loan? Let’s find out together below.

How to repay GF Caizhijin?

As far as we know, GF Caizhijin has two repayment methods when applying, one is to borrow and repay at any time, and the other is to repay in installments. No matter which repayment method is used, It needs to be repaid directly to the credit card account, and the repayment must be made before the end of the last payment date of the credit card. The following are the differences between the two repayment methods:

1. Borrow and repay at any time:

means there is no fixed repayment period, but from the date of successful application, a handling fee will be calculated based on a daily interest rate of 5%. The cardholder can repay in full or in advance at any time, and the unpaid amount will still be charged according to the Handling fees are calculated every calendar day. Among them, borrow and repay at any time = application principal, borrow and repay at any time, handling fee (time of use, installment repayment:

If you choose to repay in installments when applying, the principal and handling fee will be repaid in installments according to the agreed method. Among them, the amount to be repaid by Caizhijin in each period = the application principal/number of periods and the handling fee per period (the application principal amount per period will be included in the bill, and you can repay it on time according to the bill.

For example: Assume that you apply for Caizhi Fund for 10,000 yuan and repay it in 12 installments. The handling fee for each installment and the amount to be repaid per installment = 10,000/12. Above 10,000 is "How to repay Guangfa Credit Card Caizhi Fund? Learn about the two repayment methods!" Relevant introduction. No matter which repayment method you choose when applying, you must repay before the end of the final payment date, otherwise you will not only be charged liquidated damages, but also affect your personal credit, which is not worth the loss.

Can GF Caizhijin repay in advance? You will know after reading this!

If you apply for a Guangfa Bank credit card, you can choose to apply for GF Caizhijin, which is an overdraft transfer installment plan. Credit card service for repayment. Since it is a loan installment product, the most important issue for borrowers is whether it supports early repayment. Today we will take a brief look at GF Caizhijin’s early repayment. Related to the selected installment repayment method:

1. Natural day repayment method

There is no fixed repayment period. The handling fee will be calculated from the date of successful application, and the full amount can be paid at any time For repayment or early repayment, the unpaid balance will be charged a handling fee on a daily basis.

2. Monthly repayment method

You can choose to divide it into 3/6/12/18. /24/30/36/48/60 installments, etc. (each billing month is one installment), all unpaid money must be repaid in one go, including unpaid principal, unpaid installment repayment fees, and liquidated damages

Advantages of early repayment:

If you have idle funds on hand, you can choose to repay early to avoid charging extra interest;

In addition, due to the wide Facai Financial and credit card limits are exclusive, so if you withdraw all the cash, the credit card limit will be occupied. If you want to use a credit card, you can choose to pay off part of the balance in advance to restore a certain limit.

GF Caizhijin supports a variety of repayment methods, including Discovery APP, WeChat, mobile banking, online banking, self-service equipment CRS/ATM/VTM, QR code, SMS, 95508 customer service hotline, etc.

Finally, I suggest you not to make frequent early repayments, as this may affect your refinancing, because in the eyes of the bank, you are not particularly short of money, and you may give the credit to other people who need it more in the future.

Is using GF Caizhijin to pay off credit cards a daily expense?

Yes. As an overdraft transfer and installment repayment credit card service provided by Guangfa Bank Credit Card Center to high-quality cardholders, GF Caizhijin can only be used for daily personal consumption. Credit card repayment means that when the cardholder's credit card consumption reaches the final repayment date, in order to ensure the cardholder's good credit record, the bill consumption funds are returned to the bank.

How do I repay the loan after applying for GF Financial Investment?

After applying for GF Caizhi Financial, the bank will deduct the amount you applied for from your credit card (debit card) through transfer, and then transfer the money to the designated bank account.

After using GF Caizhijin, users do not need to perform additional repayment operations, because GF Caizhijin runs repayments along with the monthly bills of credit cards (debit cards). On the repayment date, the balance of the current month will be Just pay off the credit card (credit card) bill.

When repaying, you should pay attention to repaying on time, because Caizhijin is subject to credit reporting. Failure to repay on time will affect your personal credit and the use of your credit card (debit card).

Can GF Caizhijin repay the loan in advance? How to collect liquidated damages?

For users who are in urgent need of money, it is best if the loan can support early repayment without charging liquidated damages. Generally speaking, bank loans are repaid on schedule, so it is possible to repay early product? Yes, Caizhijin, a subsidiary of China Guangfa Bank, can repay your loan in advance.

1. GF Caizhijin repayment method:

1. Calendar day: no repayment period, you can repay when you want, interest is calculated on a daily basis (daily The basic handling rate is: Billing month: Installment repayment can be divided into 3/6/12/18/24/30/36/48/60 installments.

2. Method of collecting penalty for early repayment. :

1. If you choose to repay on a natural day, you do not need to pay liquidated damages. You only need to pay the unpaid principal and the handling fee up to the date of early repayment application.

2. In addition to repayments other than the natural day, if you apply for early repayment, you must repay the entire remaining amount in one go (including unpaid principal, unpaid installment repayment fees, and liquidated damages)

Warm reminder:

1) If the borrower needs to cancel the "Caizhijin" card during the repayment period, then all outstanding arrears need to be repaid in advance (including unpaid principal and unpaid installment repayment procedures) fees, liquidated damages, etc.).

2) If the borrower's Guangfa credit card is frozen, has credit risks, or is overdue and defaults during the use of the credit card, the borrower will also need to repay the full amount in advance in one go.

This ends the introduction on whether Caizhijin can pay off a credit card and whether Caizhijin is a loan or a credit card. Did you find the information you need?