How to use the credit card reserve fund

The credit card reserve fund is an extra sum of money provided by the bank to customers, which can be used by customers in stages. Generally, it is limited to daily personal consumption expenses, and cannot be used for production and operation, and it is often impossible to transfer money, withdraw cash, recharge Alipay, WeChat, etc., nor can it be used for securities market, equity investment, etc. Of course, some petty cash will automatically give priority to offset the credit card arrears after it arrives.

a credit card, also known as a debit card, is a credit certificate issued by a commercial bank or credit card company to a consumer with qualified credit. It is in the form of a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

The credit card stipulated in the relevant laws of our country (Interpretation of the NPC Standing Committee on the Provisions on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or some functions such as consumer payment, credit loan, transfer settlement, cash deposit and withdrawal. On December 1, 217, the Standard for English Translation and Writing in Public Service Field was officially implemented, stipulating that the English name of the CreditCard standard is Credit Card.

credit card consumption is a non-cash transaction payment method, and it is not necessary to pay cash when spending, and the repayment will be made on the BillingDate.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards with a certain credit limit within which the cardholder can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. The credit card generally refers to a credit card.

from January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate, and the lower limit is .7 times of the daily interest rate).

How to use the credit card reserve fund

The credit card reserve fund is actually similar to the credit card installment payment, which is different from the credit card installment payment, but the difference is that the reserve fund does not occupy the credit card quota. After the application, the amount of the credit card reserve fund is transferred to the designated credit card, and the amount used by the credit card reserve fund is also included in the credit card bill, but the credit card bill is incorporated into the credit card bill, so we only need to pay back the credit card.

Generally speaking, the credit card reserve fund does not support active application. It is only required for cardholders with good qualifications and good credit card records to open it after receiving the invitation from the bank. Moreover, the names of banks may be different. For example, the reserve fund of Guangfa Credit Card is called financial wisdom fund, and the credit cards of Minsheng, Ping An and China Everbright Bank all have reserve funds.

first, what is the credit card reserve fund

the reserve fund service is generally opened by banks inviting credit card customers. To put it simply, the reserve fund means that the bank gives you some money beyond the quota for you to spend, and the bank earns some handling fees. Therefore, the invited customers are generally people with certain repayment ability, which can also be called high-quality customers of the bank.

second, how about the imprest service

On the bright side of the credit card imprest, there will be an extra line, which will not occupy the credit line by stages. But at the same time, it also has a bad side: if the credit card reserve fund is used improperly, the installment rate is higher:

Let's take the credit card reserve fund of Guangfa Bank as an example. If you borrow 6, yuan and pay it back in six installments, each installment will be: 1,+6,.75 = 1,45. If you can repay it in full, it will be more favorable than using a credit card overdraft to withdraw the handling fee and interest, because you can withdraw 6, yuan. In addition, the credit card reserve fund is similar to the use of credit cards. If you want to repay in advance during the installment period, you still have to pay the handling fee on schedule every month according to the previous setting.

finally, the reason why banks dare to issue the reserve fund without providing collateral is also because the penalty interest on the credit card reserve fund is also relatively high. If the repayment is overdue, the interest needs to be doubled.

what does the bank reserve fund mean?

the reserve fund refers to the money allocated by enterprises, institutions, organs or other economic organizations to internal units or staff members who are not independent accounting for travel expenses, sporadic purchases, sporadic expenses, etc. The reserve fund is mainly used for small and sporadic reimbursement expenses.

it can only be used in an emergency.

ICBC's credit card reserve is essentially a small loan, and the name of the small loan is different from bank to bank. The purpose of ICBC's credit card reserve fund is to meet the consumer demand of the main cardholder and provide a small amount of consumer reserve fund to the cardholder through active invitation. The cardholder can repay the principal and a certain amount of handling fee in installments. At present, most banks provide credit card loans, which are usually called reserve funds, but have different names within banks.

What does the reserve fund mean?

It means that the bank grants the cardholder a credit card fund beyond the credit card limit, which is neither a limit nor a cash withdrawal, and can only be used for credit card swiping. The key point is that the amount of "reserve fund" does not charge interest as long as the handling fee, and the principal and a certain amount of handling fee can be repaid in installments. _

Generally, banks invite cardholders to open the business of credit card reserve fund, which means that only those with good credit in the past will be invited to open the business of credit card reserve fund, and opening the business of credit card reserve fund will also improve the comprehensive score, which can further increase the fixed amount of personal credit card.

after the "reserve fund" is received, it will give priority to offset the current debt of the cardholder's credit card. The principal and handling fee of each installment will be fully included in the monthly minimum repayment amount, and will occupy the available credit card account of the cardholder. The cardholder shall notify the repayment according to the credit card statement and SMS. If the repayment is overdue or insufficient, the corresponding interest and late payment fee will be charged.

Finally, it should be reminded that the credit card reserve fund has advantages and disadvantages, which can solve the large capital demand of cardholders. However, if it is used frequently, it will increase the personal debt ratio and affect personal credit. If you apply for a bank loan or credit card in the future, it is likely to be rejected by the bank. To this end, everyone must be cautious.

Reserve fund refers to the money paid to various departments or staff in the unit for sporadic expenses, sporadic purchases, credit change or travel expenses.

1. Collection of reserve funds. When the internal personnel of the unit need to receive the reserve fund, the agent usually fills in the loan document. The loan documents can be in triplicate, with the first copy as the payment voucher, the financial department as the bookkeeping basis, and the second copy as the settlement voucher, which is kept by the cashier during the loan period and used as the checking basis when reimbursed. After reimbursement, the loan documents are attached to the bookkeeping voucher, and the third copy is kept by the borrower. After reimbursement, it is signed by the cashier and returned to the loan receipt in time as the loan settlement.

2. Reimbursement of reserve funds. Reserve funds can be divided into fixed reserve funds and non-fixed reserve funds.

(1) Fixed reserve fund. Fixed reserve fund refers to the internal departments or staff who often use the reserve fund for sporadic expenses, sporadic purchases, sales change or travel expenses, etc., and actually need to verify a cash amount, and ensure that it always maintains the approved amount.

(2) The quota reserve fund system shall be implemented. The departments or staff who use the quota reserve fund shall fill in the loan voucher according to the approved quota, and receive all the quota at one time. After use, the cashier will supplement the original quota with the invoice and other relevant vouchers, so as to ensure that the departments or staff always maintain the approved cash quota. Only at the end of the period, when the fixed reserve fund is revoked or when the agent is changed, will all the reserve fund be returned.

(2) Non-fixed reserve fund refers to the internal departments or staff of the unit who do not use the reserve fund frequently, fill in loan vouchers according to the amount of reserve fund required for each business, borrow cash from the cashier in advance, and submit it to the financial department for reimbursement at one time with original vouchers such as invoices after use, refund more and make up less, settle it at one time, and re-apply for loan procedures when using it next time.

This is the end of the introduction of credit card reserve and how to use it. Did you find the information you need?