For China Merchants Bank credit card, the interest for cash withdrawal is calculated based on 1,500 yuan, because the cash withdrawal amount does not enjoy the interest-free period. For example, if you withdraw 1,500 yuan in cash with a credit card and repay it after 30 days, the handling fee is: 1,500*1=15 yuan, and the interest is: 1,500*30 (day)*0.05=22.5 yuan, the total with principal and interest is 1,537.5 yuan. In addition, your consumption amount of 8,000 yuan enjoys an interest-free period.

When withdrawing cash with a CMB credit card, you will be charged: cash withdrawal fees and interest. ?The charging standards for interest and handling fees for CMB credit card cash withdrawals are as follows:

1. CMB credit card cash withdrawal interest:

Cash withdrawals are not interest-free, and the daily interest rate is RMB 10,000 from the day of withdrawal to the day of repayment. Interest will be charged on the fifth, compound interest will be charged on a monthly basis, and handling fees will be charged according to China Merchants Bank's credit card charging standards.

2. CMB credit card cash withdrawal handling fee:

The handling fee for domestic RMB cash withdrawal is calculated as 1% of the cash advance amount, and the minimum charge is RMB 10 per transaction; overseas (inclusive) The handling fee for cash withdrawals in Hong Kong, Macao and Taiwan is 3% of the cash advance amount per transaction, and the minimum fee is ￥30 yuan or US$3 per transaction.

Extended information

Instalment repayment of China Merchants Bank credit card:

1. The Bank provides cardholders with personalized 1st, 2nd, 3rd and 6th installments , 10, 12, 18, 24 and 36 periods to choose from. The single-period handling rate is 0~1.67 (delayed repayment is calculated based on the total handling rate, equivalent to the single-period handling rate = total handling rate rate/number of periods), the actual rate shall be subject to the evaluation results of the Bank’s Credit Card Center system at the time of placing the order.

2. After successfully handling the bill installment, if you apply for installment repayment, the principal payable for each installment and the handling fee for each installment will be included in the cardholder's credit card RMB account. If you apply for deferred repayment, the due principal and total handling fee will be charged to the cardholder's credit card RMB account. ?

3. If you apply for installment repayment, the principal repayable in each installment = the application amount ÷ the number of installments. The principal repayable in each installment (accurate to cents) will be charged to the cardholder’s credit card in RMB every month. Account, the remainder is credited to the final period. Handling fee per period = application amount × handling rate per period. If you apply for deferred repayment, the principal payable when due = the application amount, and the total handling fee = the application amount × the total handling rate. Once collected, the handling fee is non-refundable.

Reference materials: China Merchants Bank - What is the interest rate for cash withdrawals with CMB credit cards?

Reference: China Merchants Bank-Credit Card Bill Installment