Under normal circumstances, the limit of a China Merchants Bank student credit card is 0 when you first receive it, but you can get the limit later by doing some related tasks. The quota for undergraduates ranges from 3,000 yuan to 5,000 yuan, and the quota for graduate students will be higher than that for undergraduates. In addition, after graduation, you can increase the limit by transferring the card. If you apply for regularization 3 months before graduation, China Merchants Bank will issue a UnionPay standard credit card, and the limit is basically around 10,000.
1. How to negotiate debt due to China Merchants Credit Card?
If the China Merchants Bank credit card you hold is overdue and you are unable to pay it back for the time being, you can try to contact China Merchants Bank for negotiation. When negotiating, you must first explain your specific situation to the bank and explain clearly why you are temporarily unable to repay; at the same time, you must also express your willingness to actively repay; and then ask the bank whether you can extend the time limit and repay in installments. If the bank agrees, you can agree on a new repayment period with the bank, and then repay the debt on time according to the agreed upon new repayment plan. Of course, if the bank disagrees, the cardholder can only choose to pay off the balance as soon as possible. Otherwise, the longer the overdue period is, the greater the penalty interest will be and the more serious the impact will be. Everyone should develop a good habit of repaying loans on time and try to avoid overdue payments. If you feel that you are unable to repay within the stipulated period, you should apply for installment repayment before the due date, or find a way to repay the minimum repayment amount to avoid overdue due to non-payment.
2. How long does it take to review a China Merchants Bank credit card?
It takes about 7 working days for China Merchants Bank credit card to be reviewed. First, you need to apply and fill out the application form. The China Merchants Bank Credit Card Center will start the review after receiving your information. You will be notified after the review is approved, and a card will be printed and mailed to you. After mailing, you can check the mailing progress through the mailing order number.
3. Things to note about China Merchants Bank Credit Card
1. Control your credit limit
When we want to apply for a card, many people Everyone hopes that the higher the credit limit after evaluation, the better, so that they can buy more or more expensive things. In fact, you may not necessarily actually buy it, but you still want your credit limit to be higher. But what you need to understand is that in addition to helping you buy big-ticket items and beloved things that you are reluctant to buy, if your repayment plan exceeds the load of your salary income, it may also become a bureaucracy. A trap for you. Therefore, try your best to control your credit limit within three times of your disposable income, so as not to affect your normal life process.
2. Use installment payment with caution
It will definitely feel painful if you spend so much money to pay for something that is very expensive. However, when they tell you " Dear, we can pay in installments!" You will definitely be very happy to take it home. Because when a broken plan is put into your daily expenses, you won't feel so painful and you will feel like you are getting a good deal. In fact, apart from the fact that your amount of money may only be slightly more than if you paid it in full and there are handling fees, many people will think that this is nothing and it is affordable. But when you start to repay this part of the money in installments, your heart will change over time. The first few repayments will still make you feel very painful, and you will feel a little unaccustomed to using money. It always feels like a part of it has been set aside. In the following days, you begin to forget about this amount and feel that it is okay without it. It is difficult for this money to stay in your wallet for a long time. After you repay this part of the money, you will continue to try to find a way to spend this part of the money, "Looks like I can buy something else, this The installment amount is what I can afford." OK, the merchant’s purpose has been achieved.