Does GF Foreign Currency Card charge an annual fee?

Yes. GF Foreign Currency Credit Card charges an annual fee. For example: Guangfa Foreign Currency International Credit Card, the annual fee for this credit card is 100 yuan (USD 15) per year for the main card and 50 yuan (USD 7.5) per year for the supplementary card. The annual fee for the first year of applying for the Guangfa Foreign Currency International Credit Card is waived. If you make 3 purchases with the credit card or 15 or more purchases with all the main cards under your name, the annual fee will be waived for the following year.

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 issuing bank's name, validity period, number, cardholder's 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 designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

According to the different circulation scope of credit cards, they can be divided into the following categories:

1. International card

An international card can be used outside the country of issue. credit card, accepted worldwide. The five major overseas groups (MasterCard, Visa International, American Express, JCB and Diners Club) issued MasterCard, VISACard, American ExpressCard and JCB respectively. (JCBCard) and DinersClubCard are mostly international cards.

2. Regional card

A regional card is a credit card that can only be used within the issuing country or within a certain region. Most of the various credit cards issued by commercial banks in my country are regional cards.

Introduction to Guangfa Bank:

Guangfa Bank was established in September 1988 with a registered capital of 11.408 billion yuan and its headquarters is at No. 713 Dongfeng East Road, Yuexiu District, Guangzhou City, Guangdong Province, China. With the approval of the State Council and the People's Bank of China, Guangdong Development Bank was established on the bank of the beautiful Pearl River as a pilot bank for China's financial system reform. It is one of the earliest joint-stock commercial banks established in China. On April 8, 2011, with the approval of regulatory agencies and relevant government departments, the original registered name "Guangdong Development Bank Co., Ltd." was changed to "Guangfa Bank Co., Ltd.", referred to as "Guangfa Bank".

How to repay overseas consumption with Guangfa Bank credit card

Many cardholders will choose to travel overseas during holidays. During the travel process, they will inevitably use Guangfa Credit Card for consumption. Later, you will face a repayment problem. Because you are abroad, you naturally don’t have as many options for repayment as you do at home. So, how should you repay after using Guangfa Credit Card for overseas consumption?

According to domestic bank regulations, if a credit card is used for foreign currency consumption overseas, after returning to the country, the RMB must be converted into an equivalent foreign currency before repayment. And if you directly use RMB for consumption overseas, you only need to consider the debt as RMB in China and repay it directly.

However, whether you consume in foreign currency or in RMB, the fastest way to repay is through online channels. The specific repayment methods are as follows:

1. Online banking/mobile banking:

This repayment method not only supports RMB repayment, but also supports U.S. dollar repayment. The arrival time varies according to the repayment method:

1 If the repayment is made with Guangfa debit card, the repayment before 22:00 will be credited to the account on the same day; after 22:00, the credit will be credited the next day;

2 If the repayment is made by UnionPay across banks, Repayments before 22:00 will be credited to your account the next day, and acceptance will be suspended from 22:00 to 24:00.

2. Guangfa Card WeChat Service Account:

This repayment method not only supports RMB repayment, but also supports U.S. dollar repayment. The arrival time varies according to the repayment method. :

1. If the payment is made with Guangfa debit card, the payment will be credited to the account before 22:00 on the same day; the payment will be credited to the account the next day after 22:00;

2. If the payment is made via UnionPay inter-bank payment Repayment before 22:00 will be credited to your account the next day. Acceptance will be suspended from 22:00 to 24:00.

3. Alipay:

Alipay only supports RMB repayment. If the payment is made before 21 o'clock, it will be credited on the same day, otherwise it will be credited the next day.

4. WeChat Wallet:

WeChat Wallet only supports RMB repayment. The repayment time is 14:00. If you pay before 14:00, it will arrive on the same day; 14:00 The payment will be made later and will be credited the next day.

5. UnionPay Online:

UnionPay Online only supports RMB repayment. Repayment before 23:00 will arrive in the account in 1-3 working days

Guangfa Credit Card This useful information on overseas cash withdrawal fees is applicable to most banks

Many cardholders may take advantage of this summer vacation to take their families out for fun. Some people may have gone to Hong Kong, Macao, Taiwan, or even other countries. So how do you charge the handling fee for using a credit card to withdraw cash overseas? Today I would like to introduce to you the overseas cash withdrawal fees of Guangfa Credit Card. Other banks can refer to them.

Credit card cash withdrawals are divided into overdraft cash withdrawals and overpayment cash withdrawals. Domestic cash withdrawals are different. GF’s domestic overpayment cash withdrawals do not charge handling fees, but the charging standards for both overseas are the same.

Overseas cash withdrawal handling fee for Guangfa Credit Card (including Hong Kong, Macao, and Taiwan)

1) Overseas (RMB card): 3% of the cash withdrawal amount, with a minimum of RMB 15 per transaction ;

2) Overseas (USD card): 3% of the cash withdrawal amount, minimum USD 5/transaction;

3) Overseas (Hong Kong dollar card): 3% of the cash withdrawal amount % is charged, with a minimum of 40 Hong Kong dollars/transaction;

4) Overseas (dual currency card): 3% of the cash withdrawal amount is charged, with a minimum of RMB 15/transaction or US$3/transaction.

In addition, there is a certain limit for overseas withdrawals using Guangfa Credit Card. For general UnionPay channels, the daily withdrawal limit is the equivalent of RMB 10,000. With dual-currency cards or multi-currency cards, the same account cannot exceed the equivalent of US$1,000 in the next day, etc.

After using Guangfa Credit Card to withdraw cash overseas, in addition to the handling fee, interest will also be levied at a daily interest rate of 0.5%, compounded monthly until the repayment is made.

Overseas cash withdrawal methods of Guangfa Credit Card

The Guangfa Credit Card single-currency card can only withdraw money at ATMs with the UnionPay logo, while the dual-currency card can not only withdraw money at UnionPay ATM machines, but also You can withdraw money from ATMs with Visa, MasterCard and other logos;

Guangfa Credit Card can also withdraw local currency or equivalent foreign currency at bank counters with Visa and MasterCard logos with valid ID and credit card.

Guangfa American Express can swipe visa

It can swipe it.

The Guangfa Bank visa card is a foreign currency international credit card, and it can be used with the Guangfa Bank American Express card.

Guangfa American Express Safari Credit Card, referred to as Safari Card, is an American Express-branded credit card launched by China Guangfa Bank in November 2020. Cardholders can enjoy the dual benefits provided by China Guangfa Bank and American Express. For every RMB 10 spent domestically or RMB 7 spent overseas using this card, they can accumulate 1 Guangfa mile, which can be used to redeem air miles and other benefits.

What is the Guangfa Foreign Currency International Card?

The Guangfa Foreign Currency International Card is the Guangfa Bank Foreign Currency International Credit Card. GF Foreign Currency International Card is a high-end credit card launched by Visa and MasterCard. Features of GF Foreign Currency International Card: Exclusive travel privileges and discounts, including exclusive discounts and MasterCard exclusive discounts. China Guangfa Bank is one of the earliest joint-stock commercial banks in China.

Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee. The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form.

The application form is accompanied by a contract for using the credit card. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have an application A person's autograph. Since the card is sent by mail after the credit card application is approved, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched. Card opening is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed. At this point, the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card. After accepting a credit card, a credit card merchant or bank must review the validity of the credit card and the identity of the cardholder. After receiving the application form and relevant materials from the applicant, the card-issuing bank will review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. For the applicant, the creditworthiness of the applicant must be assessed. For individuals, the relevant circumstances of the guarantor must also be reviewed.

Can the single-currency UnionPay Guangfa credit card be used abroad?

Credit cards can be used for overseas purchases. When abroad, you can choose the card swiping machine corresponding to the credit card swiping route according to the credit card organization logo on the credit card (such as VISA, MASTERCARD, JCB, American Express, UnionPay), and there is no need to activate additional card swiping functions. When the card is swiped on UnionPay lines, the payment will be settled directly in RMB; when the card is swiped on international lines, the payment will be settled in US dollars.

Credit cards are divided into two types: credit cards and quasi-credit cards. They provide settlement services, facilitate shopping and consumption, and enhance a sense of security; simplify payment procedures and save social labor; promote product sales and social needs, etc. Features.

A credit card is a special card issued by a bank or other financial institution to those with good credit status. It is used for shopping and consumption at designated merchants, or for depositing and withdrawing cash at designated banking institutions. Credit voucher.

This ends the introduction of GF Overseas Credit Card and how to use GF Overseas Credit Card in China. Did you find the information you need?