Why does my China Merchants Bank credit card deduct money?
There may be the following reasons: 1. The last debt was not paid off, resulting in late payment fees and interest plus principal. 2. If you make repeated payments, bring the statement to the bank for consultation. 3. Annual fees incurred if the number of credit card swipes is insufficient within the specified period. 4. Customize other automatic repayment services.
What happens when China Merchants Bank credit card is automatically debited?
If the user subscribes to relevant services, the system will automatically deduct the payment on the deduction date; the user's previous debt has not been paid off, and China Merchants Bank subsequently initiates a deduction from the credit card; or the user's credit card charges If the annual fee is paid, the credit card limit will be automatically deducted. Therefore, for users, there must be some factual basis before the China Merchants Credit Card will be automatically debited.
After being deducted, the user can understand the amount of the deduction and the reason for the deduction based on the bill details, so that the user can cancel unnecessary automatic deductions.
Credit cards are deducting money indiscriminately? Minsheng and China Merchants Bank credit cards will not deduct money indiscriminately, but you can check the bill details. If you find transactions that are not your own on the bill details, if you have any questions, you can call the credit card customer service for consultation. .
If the bank fails to return the cardholder’s money in a timely manner after arbitrarily deducting fees, or the cardholder is very dissatisfied with the bank’s processing results, he or she can report the problem to the China Banking Regulatory Commission and other departments. If I have allowed or been maliciously induced by the bank to activate a certain paid service, I must promptly complain and ask the bank to refund the deducted fees. In addition, if the cardholder has other losses, he or she can also request compensation from the bank.
Say goodbye to unscrupulous credit card deduction methods:
1. If you meet the number of credit card swipes stipulated by the bank, the annual credit card fee will be automatically canceled: The annual fee is a fee that is bound to be charged by a credit card, and it is The amount of the annual fee is very different, ranging from at least ten yuan to several thousand yuan. The attitude towards the annual fee is that the bank will offset it by encouraging consumption.
2. Repaying money on time will naturally not accrue interest: it is best to bind your personal credit card to an automatic repayment account, so you don’t have to worry about overdue repayment. After binding the account, you must ensure that the balance in the account is The funds must be sufficient, otherwise there will still be situations where interest will be incurred if the repayment is not made in time.
3. Pay the minimum repayment amount and avoid late payment fees: When banks collect credit card debts, they will set a minimum repayment amount in order to ease the repayment pressure of cardholders. The minimum repayment amount is You must keep the amount, otherwise not only will you be charged late fees, but your personal credit record will also be affected.
4. Never withdraw cash easily: Not only will you be charged a one-time handling fee when withdrawing cash with a credit card, but you will also be charged interest at a rate of 0.05% per day from the day of withdrawal to the repayment date. If the bank believes that Malicious cash out will result in the cancellation of the credit card and refusal to apply for a card in the future. Therefore, regarding the cash withdrawal fee, it is recommended not to withdraw cash.
Why is the credit card deducted for no reason?
If the credit card is deducted for no apparent reason, then you need to pay attention to these two aspects: whether the credit card is being deducted for the annual credit card fee/card creation fee or Whether your credit card has been stolen by someone else, if you encounter such an unknown charge, you'd better call the card bank's service hotline and call the manual customer service to confirm what kind of charge was charged, so as to avoid your own losses.
Credit limit
Credit limit refers to the maximum overdraft limit given by the bank to your credit card when it approves your credit card. You can only spend within this limit, and if it exceeds This amount cannot be used for regular card payments. The credit limit is determined based on a comprehensive evaluation based on the information you filled in when applying for a credit card and the relevant supporting documents provided. The main card and supplementary card share the same limit. Under normal circumstances, the RMB limit and the USD limit in a dual-currency credit card can be converted to each other. For example, if your limit is 30,000 RMB, when you use the card overseas, your credit limit is approximately equivalent to 5 ,000 USD.
The credit limit will be adjusted regularly by the bank, but you can proactively provide relevant proof of financial resources to request adjustment of the credit limit. In addition, when you need a higher limit within a certain period of time when traveling abroad, moving to a new home, etc., you can request to increase the temporary credit limit.
What is the "second quota"
The second quota is the so-called quota that can only be used in installments. It is an external quota that does not occupy your original quota. .
According to ME Love Card, banks that support the use of the second quota in installments include China Everbright Bank and Bank of China.
Transaction date
The date when the cardholder actually used the card for transaction.
Accounting date
Also known as the entry date, it refers to the date when the card-issuing bank records the transaction amount into the cardholder's credit card account after the cardholder uses the card to make a transaction, or the card-issuing bank records the payment according to relevant regulations. Agree on a date when the relevant charges will be credited to their credit card account. The general billing date is the day after the cardholder's actual consumption date. For example, if you shop on December 1st, the general billing date is December 2nd.
Billing Date
The billing date refers to the card-issuing bank’s regular monthly summary of various transactions and expenses incurred in the cardholder’s credit card account in the current period, and the settlement of interest and calculations. The date on which the cardholder should repay the amount in the current period.
Repayment Date
The date when the cardholder actually repays the credit card account to the bank.
Interest-free repayment period
For non-cash transactions, the period from the bank accounting date to the due repayment date is the interest-free repayment period. The interest-free repayment period is as short as 20 days and as long as 56 days. During this period, as long as you repay the current balance due on the current statement in full, you will not have to pay any interest on the funds advanced by the bank to the store for non-cash transactions (cash advances do not enjoy the interest-free discount).
Why are credit cards deducting money inexplicably?
Under normal circumstances, credit cards will not deduct money inexplicably. After all, they are all officially issued by banks. If a customer's credit card is charged by the card-issuing bank and the customer does not know what the charge is, he or she can call the customer service staff of the card-issuing bank. It is possible that the annual fee will be deducted, and the customer will just need to pay back the loan on time.
If it is not an annual fee, check to see if the money is deducted for any services you have opened. Or is it because after credit card consumption or cash withdrawal, the bill was not paid off on time, resulting in interest, and because the credit card signed an automatic deduction agreement, the bank automatically deducted the money from the card.
Customers are advised to check whether the card has been stolen by others. If there is a risk of fraudulent use, you must quickly lock the account, contact the bank for processing, and check recent transaction details to see which merchant the card was fraudulently used. And if the bank deducts money repeatedly or deducts it incorrectly, the bank will refund the wrongly deducted money after the customer reports the problem.
What is a credit card?
Credit card (English: creditcard) is also called a credit card. It is a non-cash transaction payment method and a simple credit service.
A credit card is generally a special carrier plastic card with consumer credit that is 85.60 mm long, 53.98 mm wide, and 1 mm thick. It is issued by the bank to individuals and organizations, and can be used to shop, consume, and deposit and withdraw cash from the bank. It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front and a magnetic card on the back. strip, signature strip.
Credit cards are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when making purchases with the credit card, and repayment will be made on the billing date (English: billing date).
On April 15, 2016, the central bank issued the "Notice of the People's Bank of China on Matters Related to Credit Card Business", canceling late payment fees on credit cards, introducing liquidated damages, and prohibiting over-limit fees. The new regulations were implemented in January 2017 It will be officially implemented on the 1st.
The debit card is an ordinary savings card. The account attribute is a current deposit account, which can be used for consumption, ATM deposits and withdrawals, etc.; the credit card can be used for consumption, ATM deposits and withdrawals, etc. The biggest advantage is that it can Overdraft (with a certain credit limit)
Generally, bank cards are divided into two types: credit cards and debit cards.
Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the card-issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and repay later. A quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund as required by the bank. When the reserve fund is insufficient to pay, the cardholder can overdraw within the credit limit specified by the card-issuing bank.
Debit cards are divided into transfer cards, special cards and stored-value cards according to different functions. Debit cards cannot be overdrawn. Debit cards have the functions of transferring money, depositing and withdrawing cash, and spending money. A special card is a debit card used in a specific area and for special purposes (referring to purposes other than department stores, restaurants, and entertainment industries). It has the functions of transferring funds, depositing and withdrawing cash.
A stored-value card is a prepaid wallet-style debit card in which the bank transfers funds to the card for storage at the request of the cardholder and directly deducts funds from the card during transactions.
What’s going on with credit card deductions every month? It will be clear after reading it
Under normal circumstances, credit cards are activated and used before money is deducted. However, many people have never used the card, or have used the card but paid back the money. But my credit card is still being charged every month, and I want to know why this is happening. So, what’s going on with credit card deductions every month? Today I will give you an analysis.
What’s going on with credit card deductions every month?
Everyone should know that credit cards do not charge indiscriminately. If money is deducted every month, it is very likely that the cardholder has opened some value-added services and the payment method chosen is monthly. Deduction. The most common one is the SMS service fee. Currently, every bank will not send SMS reminders for consumption of less than 500 yuan. Only those who have activated the SMS notification service will be reminded of every consumption.
The cost of this type of service is not high, about 3 yuan per month. There are two types of payment: quarterly payment and monthly deduction. If the payment is monthly, payment will be automatically deducted every month. It is included in the current bill, so there will be situations where money will be deducted even if the card is not used. As long as money is deducted from your credit card, you must repay it. Regardless of the amount, you must ensure that the credit card does not owe money, so as to avoid overdue credit.
However, if you really don’t know why the fee was deducted, it is recommended to call the bank’s customer service number for consultation. If you feel that you do not need this service, you can also ask the customer service to cancel it, so that it will not be charged next month. Money was deducted again. If you find that the bank has deducted money without permission, be tough and ask the bank to return it. It is said that threatening to cancel the card will be more effective.
In short, it is best to check the reason for the deduction of money from your credit card every month. If you open a business by yourself, you must repay the money that is deducted, even if you only owe a few yuan. Although some banks have tolerance services, if the amount does not exceed 10 yuan, it is not considered overdue, but interest will be calculated if the loan is not repaid.
This is the end of the introduction on why credit card automatic deductions and why credit card automatic deductions do not arrive in time. I wonder if you have found the information you need?