Zhejiang Merchants Bank: Further clarify that credit card funds cannot be used in the field of gold investment.

date
09/05/2025
Zheshang Bank issued a notice stating that the recent fluctuations in the gold market price have been severe, and some criminals are taking advantage of investors' eagerness to profit by using false propaganda, inducing operations, and other methods to encourage cardholders to use credit card funds to engage in "gold trading" investments. This behavior not only violates the relevant regulations of credit card use, but also exposes cardholders to significant financial risks due to the high uncertainty of the gold market. Once the price of gold drops significantly, cardholders will suffer investment losses, transaction fees, and other losses, and may also incur overdue payments due to repayment pressures, resulting in a bad credit record. Credit card funds can only be used for cardholders' daily expenses, and it is strictly prohibited to enter any form of investment and financial management field, including but not limited to investment-grade precious metals such as gold, stocks, futures, options, etc.