There are no points for using a China Merchants Bank credit card to purchase a car. The annual fees, interest, handling fees, late payment fees, etc. incurred by the credit card itself cannot be included in the points. The same is true for using a credit card to pay for water, electricity, and gas. Points cannot be counted, and secondly, consumption at low-rate or zero-rate merchants such as houses, cars, hospitals, charities, and non-profit social services are not eligible for points.
Whether credit card points will be accumulated for specific transactions with China Merchants Bank credit cards depends on the type of merchant registration. Please refer to the actual points entered into the account; some merchants’ transactions and credit card charges (liquidated damages, interest, etc.) do not accumulate credit card points. Points (such as: buying a house, buying a car, wholesale, charity, non-profit services, government payment transactions, public schools, public hospitals, finance and other merchants that expressly indicate on the credit card website that they do not accumulate points), click Do Not Calculate Points Merchant/ccclubnew/ContentDetail.aspx?gid=cd8b05d3-f6a3-42ac-a15c-e252e1247a6cView details.
Extended reading
1. The points accumulation method of China Merchants Bank Card Credit Card is as follows:
1. Our bank’s credit card consumption accumulates points, and the points are calculated based on single consumption. Calculated based on the amount credited, 1 point will be awarded for every 20 yuan/2 US dollars. All points accumulated for consumption under the name of the principal cardholder and the supplementary cardholder belong to the principal cardholder's points account and can only be used by the principal cardholder.
2.YOUNG Card Youth Moderator Card, One Piece Fan Card Master Card, GQ Card Master Card holder uses this card to make purchases in the month of their birthday, and will be rewarded with an additional 1x points, up to a maximum of 2,000 points.
3. Other airline co-branded credit cards except ANA: 1 airline mile will be accumulated for every 18 yuan or 2 US dollars in RMB. Points will not be calculated for consumption and expenses, and consumption miles will not be calculated.
2. How to buy a car in installments with a credit card
Generally speaking, there are five steps required to buy a car in installments with a credit card:
1. The cardholder can call Call the card-issuing bank to check whether you can apply for installment car purchase with credit card, which models are applicable, and how much amount can be applied for;
2. The cardholder goes to the designated dealer store with a valid ID to apply for installment car purchase;
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3. The cardholder confirms the vehicle to be purchased, fills out the purchase form, and submits it to the bank for verification;
4. After passing the car purchase qualification review, the cardholder pays the down payment (Generally, you cannot pay with the credit card limit), and handle the registration, insurance, and mortgage;
5. The bank backend will conduct a loan review, and the cardholder will pick up the car after completing the loan procedures.