What is the universal credit card fund of Shanghai Pudong Development Bank?
Universal cash is a credit card business launched by Shanghai Pudong Development Bank, which belongs to installment loans beyond the credit card limit. Simply put, universal cash does not occupy the credit line, which increases the cardholder's cash withdrawal limit, and replaces the credit line with the credit line, thus realizing a small loan in disguise. General cash cannot be withdrawn directly by credit card, but the withdrawal amount is transferred to the debit card or savings card in the cardholder's name.
If you have a credit card with a withdrawal amount of 654.38+00000 yuan, you will have a maximum withdrawal amount of 654.38+00000 yuan in the debit card you provide to the bank after handling the universal cash business.
How to use the universal credit card funds of Shanghai Pudong Development Bank?
1. When using universal cash, you must keep the cash consumption voucher so that the bank can read it at any time and know where the money is used;
2, shall not be used for investment, such as housing, futures, stocks, equity investment, etc. ;
3, only for consumption, such as home appliances, decoration, medical care, education, wedding, tourism and so on. ;
4. If the decentralized universal fund fails to use cash as agreed, or fails to provide valid payment vouchers, Shanghai Pudong Development Bank has the right to require the cardholder to repay the funds related to the universal fund in one lump sum;
How to make good use of the universal credit card fund of Shanghai Pudong Development Bank?
Pudong universal fund has no cash withdrawal fee, and the amount is independent, which does not affect the credit card consumption limit, and will not bear interest on a daily basis under the premise of normal repayment; However, there is a disadvantage that you can't repay in advance, and you can only pay in fixed installments. If you want to repay in advance, you need to pay liquidated damages to the bank.
Although the amount given by the bank will be relatively large, the universal fund should be used with caution, not blindly, and the use direction of the universal fund should be controlled reasonably, and at the same time, the consumption voucher should be kept to avoid being checked by the bank later.