Hello everyone, I am Brother Xiaohui who has been playing card games for 8 years, and the 161st New Year is over, so let's settle down and work normally.
After the New Year, the payment news continues, and Guangfa has also issued an announcement in the past few days, starting from March 25, the points will shrink significantly! Moreover, the difficulty of obtaining points will be further improved, and many industries will no longer accumulate points.
1. The new version of the credit card points policy.
The 9th Harmony Points Program will take effect on 25 March 2024, and the existing 8th Harmony Points Program will be abolished at the same time.
Points will not be earned for the following items or transactions.
1) Credit card cash advance, transfer transaction, scene consumption installment, merchant consumption installment, credit card annual fee, cash withdrawal fee, overdraft interest, installment interest, deposit and loan interest, overdue interest, self-payment amount for points redemption, instantaneous pass, liquidated damages and other handling fees agreed in accordance with the "Credit Card Customer Agreement (Personal Card) of China Guangfa Bank".
2) All consumption transactions that fall into the following categories will not participate in the program and will not be eligible for point accumulation.
Note: The merchant categories** (MCCs) and names listed in this Schedule refer to the relevant regulations of the Bank Card Transaction Clearing Organization and will be adjusted accordingly.
3) The accumulation of points is subject to the merchant category** set by the merchant or acquirer; The Bank has the right to revoke the invalid points accumulated for transactions that should not be awarded points due to the failure of the merchant or the acquirer to install and use the bank card acceptance machine in accordance with the regulations of the bank card transaction clearing organization or the merchant category** that is not correctly set up, and the Bank shall not be liable for any omission or miscalculation of points due to the same reasons mentioned above.
4) Including real estate, wholesale, automobile sales, gaming, financial payment, public utilities, medical institutions, institutions, charitable and non-profit institutions, college fees, legal services, telecommunications fees, insurance premiums, tax payment, withholding payment business and other personal services not included in **.
5) Including the non-accumulating merchant code and non-accumulating merchantable number published by the bank, in which the acquirer code is identified by the first three digits of the merchant code**, the above applies to all customers and transactions, and the merchant code and merchant organization number involved will be updated from time to time without further notice to the cardholder.
At present, GF's "list of acquirer numbers that do not accumulate points" is still empty, and it is not known which payment institutions will be blocked in the future. There are currently more than 1.5 million merchants in the "List of Non-Accumulating Merchant List (202400131)" of China Guangfa Bank Credit Card.
6) Other circumstances in which the bank deems that the accumulated points should not be awarded.
GF Elite Travel series credit cards include: Flying Platinum Card, Flying Gold Card, Longteng Co-branded Platinum Card, Longteng Co-branded Gold Card, Visa Elite Travel Infinity Card, Visa Elite Royal Seal Card, MasterCard Elite World Black Card, Mastercard Elite World Card, American Express Safari Card, American Express Joy Blue Card.
From 1 April 2024, the redemption of Asia Miles will be changed from 15:1 to 25:1
The redemption of China Southern Airlines mileage has changed from 15:1 to 18:1
Redeem Air China China Eastern Airlines mileage from 10:1 to 15:1
The eligibility requirement for redeeming mileage coupons has also changed from 3 purchases of 99 yuan per month to a cumulative monthly purchase of 10,000 yuan.
It should be noted that the qualification for exchanging miles has also been improved, from the previous 3 exchanges of 99 yuan in the same month to the qualification for redemption in the next month after spending 10,000 yuan in a natural month.
To put it simply, from March 25, 2024, the redemption rate of airline mileage will be adjusted to:
1. World Card, Infinite Card, Rare Diamond, Business Travel White, maintain the current ratio of 20:1
2. American Fortune Rose Gold Standard White Zunyue White, maintaining the current ratio of 40:13, Enjoying White American Fortune Tiantianli Flight Butler White Mobile White, from 40:1 to 100:14, Zhenshang White High-speed Rail Butler White UnionPay Diamond (Elite) Visa Dingji Infinite Card Dingji White Youyue Foshan Co-branded Card Mobile Elite White Longteng Airport Tongbai Chongqing Feichang Yixing White Qunar White Zunyue Elite Card, from 40:1 to 150:1 (irregular consumption 1.)100:1 mileage redemption after 50,000 yuan).
The original mainstream card types (annual fee can be swiped) have been changed from the original 40:1 ratio to 150:1, and the monthly redemption limit has been increased by 5,000 miles from May 1. If there is no rigid annual fee card, the redemption of points for miles is basically invalid.
In addition, the proportion of exchange spending amount has changed from the original 10,000 points = 10 yuan to 250,000 points = 10 yuan. Carry out activities from time to time, and the cumulative consumption of the month is 1After 50,000 yuan, get 150,000 points for 10 yuan qualification.
In a word: everyone should use up the GF credit card points in the account as soon as possible. If you don't know how to use it, you can communicate, Brother Xiaohui will tell you the plan for the best interests.