WeChat Alipay is testing the credit card withdrawal but limited to daily consumption

News on August 25, before, users often need to go to ATM or bank counters when they want credit cards. Now, users can complete this operation online. According to the Shanghai Securities News today, WeChat and Alipay have recently launched the "credit card cash" function with some banks, and are currently open test to users in a small scale.

On the invited user Alipay, users can click "My"-"Borrowing"-"More amount" or directly search for "credit card cash" experience credit card cash withdrawal function. Judging from the information displayed by Alipay related pages, Alipay currently only supports three institutions of Ningbo, Everbright Bank and Ping An Bank. At the same time, Huaxia Bank, SPD Bank, CITIC Bank and other institutions have also appeared in the list, but the page prompts " Haven't opened the service yet, so stay tuned. "

At present, Alipay provides two services: "single month" and "monthly return". A user of a Ping An Bank credit card with a limit of 90,000 yuan actually found that the highest cash withdrawal amount of "single month" is 35,000 yuan, the year year The interest rate is 18.25%, the maximum cash withdrawal amount of "divide the month" is 94600, and the annualized interest rate is 17.91%. The Alipay related agreement shows that the "single month" withdrawal amount will be included in the minimum repayment amount of the credit card current account.

In WeChat, the invited users can experience the cash withdrawal function of the credit card through the credit card repayment page and the bank's public account. In the actual test, after the user agrees to the relevant agreement and adds his receipt and savings account, you can apply for a cash withdrawal.

At present, WeChat and Alipay's credit card cash withdrawal functions are exempted from handling fees. Compared with the current 1%-2.5%handling fee, it is more favorable from WeChat and Alipay. In addition, the funds from the credit card can only be withdrawn to my bank card, which means that banks will control the use of cash withdrawal funds, limited to daily consumption, and prohibit flowing to the investment stock market and property market.

IT House learned that the bank's credit card business has found a new traffic entrance through cooperation with WeChat and Alipay, and the exemption fee is exempted, which is expected to increase the number and activity of bank credit card users in the future.

(IT House)

Edit: Zhao Shanshan

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