Pufa universal fund cannot be directly withdrawn, and it needs to be transferred to the applicant's debit card first, which is essentially a credit loan. The credit card limit is approved by the credit card department, but the "universal fund" limit is not within the credit limit. It exists in the form of loans, based on credit cards, and the review of credit limits is generally decided by the credit department.

1. What is the Pudong Universal Fund?

The universal fund of Shanghai Pudong Development Bank mainly provides cash turnover services for credit card holders, which requires cardholders to bear certain expenses. The universal fund of Shanghai Pudong Development Bank is flexible and convenient to repay.

2. How long will it take for the application of Pufa Universal Fund to arrive?

Starting from 20 16 12 1, the bank counters (individual customers only) and non-counter channels except self-service teller machines will provide three transfer methods for customers to choose from.

"Real-time arrival": after accepting the depositor's application for transfer, deduct the money and remit it immediately;

"Ordinary arrival": ordinary arrival refers to non-real-time arrival, which is delayed for 2 hours after accepting the depositor's transfer application and remitting it;

"Arrive on the next day": after accepting the depositor's application for transfer, the deduction will be delayed until the second natural day and remitted. It should be noted that the next day arrived not 24 hours later;

The above remittance time refers to the time when the bank deducts money and initiates remittance. If it is an inter-bank transaction, the arrival time also depends on the inter-bank clearing system of the People's Bank of China and the posting time of the receiving bank.

Third, Pudong universal interest rate

Take a credit card with a cash withdrawal amount of 1 10,000 yuan as an example. The "universal cash" business allows cardholders to have a maximum withdrawal limit of 10000 yuan in their debit cards, and there is no handling fee. He only needs to repay the loan every month, and he can choose to divide it into six installments or 12 installments. Credit card withdrawal requires a certain percentage of handling fee, and Shanghai Pudong Development Bank will charge 3%, starting from 1 000 yuan, and 30 yuan handling fee will be charged below 1 000 yuan. From the date of cash withdrawal, Pudong Development Bank will also charge overdraft interest at the daily interest rate of 0.5 ‰ (annualized interest rate 18.25%).

"Universal Fund" business loan interest rate is lower than the credit card overdraft interest rate. One-year loan 1 000 yuan, only 900.7 yuan (including interest of 67.4 yuan) needs to be repaid every month, regardless of the time value of funds, and the annual interest rate is 8.084%. Loan for two years, with annual interest rate of 7.9%; The loan term is 3 years, and the annual interest rate is 7.97 1%, all of which will be repaid by monthly installments.

Extended data:

There are nearly 10,000 credit card cooperative merchants in Shanghai Pudong Development Bank. These businesses include physical chain enterprises and online consumption platforms such as videos and games. Various credit card products launched one after another not only attract young customers who advocate individuality, but also are favored by high-end customers whose consumption needs and concepts are upgraded. Cash withdrawal by credit card at any time is very cost-effective. After having a credit card, many people will take the method of withdrawing cash by credit card to alleviate the temporary need when they are in urgent need of cash. According to the customer's credit card limit, Shanghai Pudong Development Bank will put up to the same proportion of cash into its debit card, that is, the money that Shanghai Pudong Development Bank freely uses outside the customer's credit limit.

Take a credit card with a cash withdrawal amount of 6,543,800 yuan as an example. The "universal payment" business makes the cash withdrawal amount in the cardholder's debit card not exceed 6,543,800 yuan, and no handling fee is charged. He only needs to repay the loan every month, and he can choose to divide it into 6 installments or 654.38+02 installments.

Compared with cash withdrawal by credit card, the "universal cash" business interest rate of Shanghai Pudong Development Bank's credit card is lower, and users can take it at any time.

It is recommended to borrow money within your own ability, and never overdue, so as not to adversely affect the credit information of funds.