Universal cash is a cash installment business provided by Shanghai Pudong Development Bank for cardholders. After successful processing, the money can be transferred to the debit card under the cardholder's name. However, some card friends are not very clear about the use of Pufa Universal Gold. I want to know if I can get my money back to my credit card after I arrive. Let's have a look.
1, restrictions on the use of Pufa Universal Fund:
According to Article 2 of the Cash Installment Business Contract of Shanghai Pudong Development Bank, the universal fund of Shanghai Pudong Development Bank can not be used in investment fields such as house purchase, stock and futures, but can only be used in consumption fields such as decoration, household appliances, wedding, car purchase, student aid, tourism and medical care.
Moreover, at the time of application, the cardholder must also choose the purpose of the money, and then use the money in the selected consumption field.
2. Can Pufa Universal Fund pay back the credit card?
When applying for Pudong universal fund, the optional use of funds does not include credit card repayment. So strictly speaking, the universal fund should not be used to repay credit cards. After all, this is equivalent to a way of repaying loans with loans.
However, if Shanghai Pudong Development Bank did not check the use of the universal fund, everyone could use the money to pay back their credit cards.
3. What will happen to Pufa Global Gold Card and Credit Card?
If you use the money from Shanghai Pudong Development Bank Universal Fund to repay your credit card, you must keep the repayment voucher. Shanghai Pudong Development Bank will ask cardholders to provide consumption vouchers at any time to prove that the funds of the Universal Fund are used in the consumption fields filled in at the time of application.
However, everyone should be psychologically prepared to provide repayment vouchers as consumption vouchers, which may not be recognized by Shanghai Pudong Development Bank. At that time, you may be required to pay off the remaining Shanghai Pudong Development Fund in one lump sum. It is very troublesome to have no money to repay, so it is better not to use the universal fund to repay the credit card as much as possible.
There are three ways to use Pufa Credit Card Universal Fund.
1. Users can withdraw the universal funds of Shanghai Pudong Development Bank to the savings card account of Shanghai Pudong Development Bank, and the account will be received after the business is handled;
2. Universal funds can be withdrawn from other accounts of users, but it takes 24 hours for this business to arrive;
3. Users can submit relevant applications to Shanghai Pudong Development Bank. After using the credit card, they can repay the loan in installments.
The above is how to use the Pudong Credit Card Universal Fund.
How to repay the universal fund of Shanghai Pudong Development Bank?
After the universal fund is processed, the installment principal and interest will be paid together with the credit card bill. If the user needs to pay back, he can pay back directly to the credit card according to the bill amount. If the user needs to repay in advance, he will choose to pay interest by sharing when applying. Although the account interest paid in advance in the remaining installments can be exempted, the user must pay the remaining principal and 3% of the remaining undistributed expenses as the contract penalty in one lump sum, and the paid interest will not be refunded. If the user chooses to pay interest in one lump sum when applying, the user must pay the remaining funds in one lump sum, and the paid interest will not be refunded, but the interest of the prepayment account in the remaining installments can be exempted.
Does Pufa Universal Fund accept credit cards?
The universal fund of Shanghai Pudong Development Bank is a small loan as a supplementary loan function of credit card. Universal funds are applied within the available cash withdrawal limit of Shanghai Pudong Development Bank's credit card, which means that the universal funds of Shanghai Pudong Development Bank are the applicants who occupy the original credit card limit. Once the application is successful and the Pudong Universal Fund is used, the original credit card limit will be reduced accordingly. If the universal fund of Shanghai Pudong Development Bank is overdue, it is difficult to recover the credit card relief. For users who apply for and use the universal fund, they must repay in full and on time after using the universal fund, and there can be no overdue situation. In addition, the universal fund of Shanghai Pudong Development Bank can repay in advance.
Difference between Shanghai Pudong Development Bank's Consumption Provident Fund and Universal Fund
1, the main purposes are different: the consumer reserve fund of Shanghai Pudong Development Bank is located in the consumption field, and the funds after application are only used for consumption, and it is not allowed to withdraw money or transfer money; The universal fund of Shanghai Pudong Development Bank is positioned in cash installment. After completion, the funds will be transferred to the personal savings card, which can be withdrawn, transferred and used for consumption.
2. The interest on prepayment is different: the consumer reserve fund can voluntarily suspend the related service consultation of Shanghai Pudong Development Bank Credit Card Center, but all the remaining principal and service fees in installments need to be paid in one lump sum, and the paid service fees will not be refunded; Shanghai Pudong Development Bank Universal Fund applied for early termination of the universal fund business process. After the application is completed, 3% of the contract penalty will be deducted, and the installment fee will be deducted once and will not be refunded.
This article is mainly about how to use the knowledge points of Pudong Credit Card Universal Fund, and the content is for reference only.
Excuse me, can universal currency be used to pay back credit cards?
Universal money is an installment loan that exceeds the credit card quota of Shanghai Pudong Development Bank, and the quota cannot be used to repay the credit card, because Shanghai Pudong Development Bank clearly stipulates that universal money can only be used for consumption, including but not limited to decoration, wedding, car purchase, home appliances, education, tourism and medical care.
In addition, cardholders need to keep general consumption vouchers for banks to check the use of funds at any time. If it is found to be used in non-consumption fields, the bank has the right to collect liquidated damages and ask the borrower to pay off the debt in one lump sum.
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Can Pufa Universal Fund be used to repay credit cards? Or is it investment in the unusable balance treasure? Dare to ask the great gods
It can't be used to pay off credit cards, nor can it be used for investment.
According to Article 6 of the Terms and Conditions of Shanghai Pudong Development Loan (Universal Loan)
"Loan" shall not be used for investment (including but not limited to: house purchase, stock, futures and other equity investments, etc. ), but only for consumption (including but not limited to decoration, home appliances, wedding, car purchase, student aid, tourism, medical care, etc.). ).
The cardholder shall accurately fill in/inform the application for the use of funds, and cooperate with Shanghai Pudong Development Bank to check whether the funds are used for the agreed purpose through account analysis, voucher inspection or on-site investigation.
The income from credit card repayment and investment in Yu 'ebao is not within the above range, so Pufa Universal Fund cannot be used for credit card repayment or investment.
Extended data:
Relevant provisions of the loan (general loan) business terms of Shanghai Pudong Development Bank
Cardholders must keep relevant consumption vouchers for cash payment, and promise that Shanghai Pudong Development Bank has the right to check whether the payment is used for the agreed purpose by inquiring about the transaction records of RMB settlement accounts of debit cards with the same name in the cardholder's name, account analysis, voucher inspection or on-site investigation.
If the cardholder fails to use the cash as agreed or fails to effectively prove that the cash is used for the agreed purpose, Shanghai Pudong Development Bank has the right to require the cardholder to pay off all the arrears immediately, and at the same time, Shanghai Pudong Development Bank will have the right to refuse the cardholder's application for handling the business again.