China Merchants Bank Credit Card Cash Advance can provide cardholders with small cash loans without depositing in advance. Cardholders can obtain funds through cash withdrawal or overdraft transfer. However, many cardholders don’t know how to apply for a cash advance. Let’s introduce to you the four channels and precautions for applying for cash advance with China Merchants Bank credit card.

How to apply for a cash advance from China Merchants Bank 1. Cash advance from Palm Life: Log in to the Palm Life app, enter "Selection", click "Instalment Credit", and click "Advance Borrow" under "I Want Cash" Cash (overdraft transfer)”. 2. Mobile banking cash advance: Log in to the credit card mobile banking app, enter "My", enter your password to log in, and click "Credit Card" → "Cash Credit" → "I Want Cash" → "Cash Advance Application". 3. Online banking cash advance: Log in to credit card online banking and click "Instalment Management" → "Overdraft Transfer". 4. Cash advance by phone: Call the credit card service hotline, verify your identity, press 4, and then press 2 to enter "cash advance by phone".

Notes on cash advances from China Merchants Bank 1. Handling fees: Domestic RMB cash advance handling fees are 1% of the amount of each cash advance, with a minimum charge of RMB 10 per transaction; overseas cash advance handling fees The minimum fee is USD 3 or RMB 30 per transaction, which is 3% of the cash advance amount. 2. Interest: Cash advance does not enjoy interest-free repayment. From the day the cash advance is processed to the date of repayment, interest will be charged at a daily interest rate of 0.05%, and compound interest will be charged monthly.