Chinese Merchants Bank credit card can be used to transfer funds, which is equivalent to cash advance (cash withdrawal). Funds can be transferred to any bank's UnionPay card at an ATM machine (not limited to the person's name). You can also transfer money to the China Merchants Bank All-in-One Card (debit card) under your name through online banking, mobile banking, or telephone transfer.

Chinese Merchants Bank credit card transfers need to charge handling fees and interest according to the following standards:

1. Handling fee: The handling fee for domestic RMB cash advance is 1% of the amount of each cash withdrawal, with a minimum of The fee is RMB 10 per transaction; the overseas cash advance fee is 3% of the amount of each cash withdrawal, and the minimum fee is USD 3 or RMB 30 per transaction (American Express Card-Centurion Black Gold Card, American Express Card-Centurion Card Chang Platinum Card charges a minimum of USD 5 or RMB 30 per transaction). There is no inter-bank handling fee for cash advance.

2. Interest: Cash advance does not enjoy interest-free repayment. From the day of cash withdrawal to the date of settlement, it will be charged at a daily interest rate of 5/10,000:

Credit cards are different from Debit cards, credit cards and debit cards are essentially different. Credit cards consume first and then repay, while debit cards deposit first and then consume. The sequence of deposits and consumption directly determines the nature of credit cards and debit cards. Debit cards have a transfer function because the deposits in the card originally belong to the cardholder and the user can use the deposits at will. However, a credit card is different from a debit card. The available limit in the card is equivalent to the unsecured "loan" that the cardholder applies to the bank, so it cannot be used at will.

If the user does not have funds at his disposal but needs to transfer money, he can withdraw cash through a credit card and then deposit the cash into a debit card before transferring money. Although this method is convenient, it is not a long-term solution for users.

1. High cost

Credit card cash withdrawals not only have to pay handling fees, but also do not enjoy the interest-free period for normal consumption. Interest will be calculated at 50,000 per day starting from the day the cash is withdrawn into your account until the balance is paid off.

2. Full repayment

Cash withdrawal is different from overdraft consumption. It needs to be repaid in full on the repayment date. It cannot be repaid in installments or lower. If the user's own repayment ability is limited and he uses a credit card to withdraw large amounts of cash, it will inevitably cause difficulty in repayment.

Telephone application: Users can apply for cash installment by dialing 400-820-5555 and call manual service;

Online banking and telephone banking application: Log in to the China Merchants Bank credit card website and enter "Instalment application" " page, fill in the number, amount, and purpose as required.