The business of Haoxiangdai is usually opened for you automatically when the credit card promoter wants to recommend it to you without you explicitly rejecting it. After you apply for the Xiang Loan, your consumption, as long as it exceeds 1,500 yuan in a single transaction, will be paid to you in installments automatically. No matter how many transactions you make, they will be distributed to you one by one. These are not free, and you have to pay interest or procedures. fee. What you have to do now is to call the customer service center and ask to cancel this business.

Introduction to Haoxiangdai:

Haoxiangdai is a new credit card installment business launched by Bank of Communications, with high exclusive limit (up to 150,000) and convenience Service process to provide mass consumer credit support. The Haoxiangdai credit limit is a non-recyclable independent limit added to the original limit under a designated card. This limit does not participate in and does not affect the original limit of all credit cards under the cardholder's name, up to a maximum of 150,000. This quota is valid within 90 days from the date of successful application.

Definition of credit card installment payment:

Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the bank pays the merchant a one-time payment for the goods purchased by the cardholder ( or service), and then allow the cardholder to repay the bank in installments and pay handling fees. The bank will deduct consumption funds and handling fees from the cardholder's credit card account in installments based on the cardholder's application, and the cardholder will repay according to the monthly credit amount.

Definition of credit card:

A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date.