2. There is no handling fee for the bank to withdraw cash by swiping the card, and other banks charge 1%, with the minimum RMB 1 yuan
3. MasterCard and visa are two different organizations, and you can only appreciate the difference when you go abroad. In China, MasterCard, visa Card and UnionPay Card have the same functions. UnionPay is a banking organization in China. For example, if you go abroad with a visa organization, you can't withdraw money from a bank that doesn't participate in the visa organization.
4. The following are the regulations for the use of Minsheng Card
Chapter 1 General Provisions
Article 1 In order to provide better credit payment tools to all sectors of society and promote the transformation of traditional Chinese currency into electronic currency, The Articles of Association are formulated in accordance with the Measures for the Administration of Bank Card Business, the Notice of the State Administration of Foreign Exchange on Regulating the Administration of Foreign Currency Cards of Banks and the Law of the People's Republic of China on the Protection of Consumer Rights and Interests.
Article 2 Minsheng Credit Card is a credit payment instrument issued by China Minsheng Bank (hereinafter referred to as the Bank), which gives cardholders a certain credit limit, within which they can spend first and then repay, and can recycle their credit limit and settle in RMB or other specific foreign currencies.
article 3 Minsheng credit cards are divided into personal cards and business cards according to different issuers; According to different settlement currencies, it is divided into RMB cards, RMB and specific foreign currency dual-currency cards; According to different information carrier materials, it is divided into magnetic stripe card and chip (IC) card; According to different credit ratings and customer groups, it is divided into ordinary cards, silver cards, gold cards, platinum cards and diamond cards.
article 4 the bank, cardholders and guarantors shall abide by the articles of association.
Chapter II Functions and Scope of Use of Minsheng Credit Card
Article 5 Minsheng Credit Card has basic functions such as credit consumption, transfer and settlement, cash deposit and withdrawal, and cardholders can enjoy corresponding value-added services according to different grades of their cards.
article 6 Minsheng credit card can be used at credit card acceptance points marked with "unionpay", "VISA" and "MasterCard", as well as outlets designated by the bank and special merchants.
Chapter III Conditions for Applying for Minsheng Credit Card
Article 7 Any individual who has reached the age of 18, has full capacity for civil conduct, has a stable and legal income source and has a good reputation may apply for a personal Minsheng Credit Card from the Bank with his valid identity certificate and relevant supporting documents. Personal card holders can apply for supplementary cards for other natural persons. The cardholder of the main card shall be fully liable for the debts incurred under the main card and the supplementary card. The supplementary cardholder shall be jointly and severally liable for the debts incurred under the main card.
article 8 enterprises, administrative institutions, social organizations, military units, economic organizations authorized by legal persons, etc. with independent legal person qualifications may apply for Minsheng credit card business card from China people's bank on the strength of basic account account opening registration certificate and relevant supporting documents. The applicant may apply for several business cards, and the cardholder qualification shall be designated or revoked in writing by the legal representative of the applicant or his entrusted agent.
chapter iv application procedures for Minsheng credit card
article 9 an applicant must fill in the application form truthfully, agree to the bank's inquiry from relevant parties, confirm the authenticity of the materials provided by it, and sign a contract with the bank.
article 1 the bank shall decide whether to issue credit cards to the applicants and determine the credit limit according to their credit standing.
article 11 if the bank deems it necessary, it may require the applicant to provide a guarantee or deposit a certain amount of deposit.
article 12 Minsheng credit card is valid for a maximum of three years. If the cardholder is unwilling to get a new card after the card expires, he shall notify the Bank in writing or in other ways recognized by the Bank one month before the card expires. The creditor-debtor relationship formed by the cardholder's use of the credit card will not change due to the expiration of the card.
chapter v account and transaction management of Minsheng credit card
article 13 Minsheng credit card is only used by the legitimate cardholder, and may not be rented, lent or handed over to others in other ways. Otherwise, the Bank has the right to take back the credit card, and all risks and losses shall be borne by the legal cardholder.
article 14 Minsheng credit card account can only be used for legal transactions, and the funds deposited in personal card account should be the legitimate income of the cardholder. The funds in RMB account of personal card shall be deposited in cash or by transfer. The funds in the foreign currency account of the personal card are deposited in the foreign currency cash held by the cardholder or transferred from his foreign currency account (including foreign currency account). The use of RMB accounts and foreign currency accounts shall be carried out in accordance with the Measures for the Administration of Bank Card Business and the relevant provisions of the State Administration of Foreign Exchange.
Article 15 The funds in the RMB account of a corporate card shall be transferred and deposited from the basic account of its unit, and cash shall not be accessed. The funds in the foreign currency account of the business card shall be transferred and deposited in the foreign exchange account of the company, and foreign currency cash shall not be accessed in China. The opening and use of foreign currency accounts shall comply with the relevant provisions of the State Administration of Foreign Exchange on the management of domestic foreign exchange accounts.
article 16 under the premise of strictly controlling business risks, the bank grants credit lines of different grades according to the relevant regulations of the banking supervision department and the credit conditions of the applicant, and adjusts the credit lines of cardholders according to the changes in their card usage and credit status.
article 17 the cardholder's consumption in China unionpay and special merchants of the bank or his deposit or withdrawal of RMB cash at designated outlets shall be credited to the RMB account. Consumption made in China through its foreign currency account, deposit and withdrawal of foreign currency cash at designated outlets of the Bank, withdrawal in consumption abroad and cash withdrawal are all recorded in foreign currency accounts. Cardholders using credit cards in consumption abroad and withdrawing cash shall be handled in accordance with the relevant regulations of international bank card organizations and acquiring banks.
article 18 if a cardholder uses a credit card to form a loan in consumption abroad or withdraw cash, he can repay it with his own foreign exchange or purchase foreign exchange in RMB within the trading scope permitted by national laws and regulations.
article 19 when the money deposited by the cardholder is insufficient to pay off all the payable funds listed in the statement, the repayment order is expense (annual fee, over-limit fee, late payment fee, etc.), interest, cash advance and consumption overdraft.
Article 2 Any transaction conducted by password shall be deemed as the cardholder's own doing. Electronic information records generated by various settlement transactions based on electronic information such as passwords are valid credentials for this transaction. Where the password is not used for the transaction, the transaction voucher signed by the cardholder shall be the valid voucher for the transaction.
article 21 cardholders should use their credit cards on the INTERNET in the business environment where the bank recognizes security technology. Otherwise, the cardholder shall be responsible for all risks and losses caused by using the card on the Internet, except those that are the responsibility of the issuing bank.
article 22 the cardholder shall return the card to the bank when applying for account cancellation. After handling the account cancellation procedures, the cardholder still needs to bear the outstanding debts incurred before the account cancellation.
Chapter VI Interest-bearing Methods and Charge Provisions of Minsheng Credit Card
Article 23 Interest will be charged at the interest rate stipulated by the People's Bank of China for the overdraft of Minsheng Credit Card, with compound interest on a monthly basis. The funds in the credit card account do not pay interest.
Article 24 A cardholder can enjoy the interest-free repayment period if he repays all the money due before the due repayment date, and does not need to pay the overdraft interest of the consumer transactions that occurred within one month before the billing date.
Article 25 If the cardholder is unwilling or unable to repay all the due amount before the due repayment date, he can repay the loan according to the minimum repayment amount specified in the statement.
article 26 when the cardholder chooses the repayment method with the minimum repayment amount or uses the card exceeding the credit limit approved by the bank, he will no longer enjoy the interest-free repayment period, and shall pay the overdraft interest of the unpaid part from the bank bookkeeping date to the repayment date.
article 27 the overdraft formed by the transaction of withdrawing cash or transferring overdraft funds to other accounts by the cardholder shall not enjoy the minimum repayment amount and interest-free repayment period, but shall pay overdraft interest from the bank bookkeeping date to the repayment date.
article 28 if the cardholder fails to repay the minimum repayment amount before the end of business on the due repayment date, the bank will charge the overdraft interest, as well as a certain percentage of the unpaid part of the minimum repayment amount.
article 29 if a cardholder uses a card that exceeds the credit limit without the approval of the bank, he shall pay the overdraft interest as well as a certain percentage of the excess credit limit.
article 3 after the bank approves the issuance of the applicant's credit card, it will charge the cardholder an annual fee according to the prescribed standards. Cardholders have to pay a certain fee for reporting the loss of their cards and withdrawing cash. Detailed charging items and standards shall be implemented according to the Interim Measures for the Administration of Service Prices of Commercial Banks, and agreed in the Minsheng Credit Card Collection Contract of China Minsheng Bank.
Chapter VII Rights and Obligations of the Bank
Article 31 Rights of the Bank:
(1) The Bank has the right to examine the credit standing of the applicant, obtain the personal data of the applicant, inquire the relevant parties about the authenticity of the information provided by the applicant, and decide whether to issue a card to the applicant and determine the credit limit. For both approved and unapproved applications, the Bank has the right to retain relevant application materials and not return them.
(ii) The Bank has the right to apply for legal protection against false loss reporting, use of forged or invalid credit cards, fraudulent use of other people's credit cards, malicious overdraft and other acts, and investigate the economic and legal responsibilities of the parties concerned according to law.
(3) The ownership of the credit card belongs to the Bank. For cardholders who do not abide by the Articles of Association, the Bank has the right to freeze their accounts until they are disqualified, and authorize relevant units to take back their cards without notifying the cardholders in advance.
(iv) The Bank has the right to charge the cardholder a certain fee according to the stipulations in the Minsheng Credit Card Acquisition Contract of China Minsheng Bank and charge it into his account.
(5) If the cardholder chooses the repayment method of the agreed account, the Bank has the right to deduct the corresponding amount from his designated deposit account one day before the due repayment date for repayment of the credit card account.
Article 32 Obligations of the Bank:
(1) Provide the applicant with information about credit cards, including articles of association, instructions for use, charging items and standards, and interest calculation methods.
(2) provide cardholders with 24-hour consultation, inquiry, loss reporting, complaints and other services every day. Give immediate reply and treatment to the cardholder's business consultation, account inquiry and loss reporting; For the cardholder's verification of consumer transactions, the cardholder shall give a reply within 3 days if the transaction is made through RMB account, and within 45 days if the transaction is made through foreign currency account.
(3) having the obligation to keep the cardholder's information confidential, except as otherwise provided by laws and regulations.
(4) provide the cardholder with a monthly statement according to the delivery method agreed by both parties. However, since the last statement was provided, there has been no transaction and there is no outstanding balance in the account, or the Bank and the cardholder have agreed otherwise, the cardholder may not be provided with the statement of the current month.
Chapter VIII Rights and Obligations of Cardholders
Article 33 Rights of Cardholders:
(1) Cardholders have the right to enjoy the services promised by the Bank to Minsheng Credit Card, and have the right to supervise the service quality and complain about defective services.
(2) Applicants and cardholders have the right to know the functions, usage methods, charging items and standards, applicable interest rates and relevant calculation formulas of Minsheng Credit Card.
(3) Cardholders have the right to ask the Bank for the statement of the last three months free of charge, and have the right to inquire the statement of the last year free of charge through online banking or telephone banking.
(4) The cardholder has the right to raise doubts about the accounts listed in the statement, and has the right to apply to the Bank for access to the bill signing service within the specified time. If the signed bill is true and valid, the bill adjustment fee shall be borne by the cardholder.
Article 34 Obligations of the cardholder:
(1) The cardholder shall provide the Bank with authentic and reliable application materials. If the Bank deems it necessary, the cardholder shall also provide qualified guarantees and other relevant materials.
(2) In case of any change in the correspondence address, telephone number, address, occupation, income and ID number of the cardholder and guarantor, the Bank shall be informed in writing or in other forms recognized by both parties. Otherwise, the losses arising therefrom shall be borne by the cardholder.
(3) The cardholder shall not refuse to pay the money owed to the bank on the grounds of disputes with third-party institutions such as merchants, cash advance agencies and transfer agencies.
(4) Cardholders should properly keep their cards and passwords. After the credit card is lost or the password is leaked, the cardholder shall promptly go to the designated outlets of the Bank or go through the procedures of reporting the loss by telephone or other channels recognized by the Bank, and the reporting of the loss will take effect immediately after the procedures are completed. After the loss report comes into effect, the cardholder will no longer be liable for the financial losses caused by fraudulent use of the credit card, except in one of the following circumstances: the cardholder refuses to assist in the investigation of the loss report or commits other acts that violate the principle of good faith; Cardholders use or collude with special merchants and other people to use credit cards for false transactions and other fraudulent activities. The losses incurred before reporting the loss shall be borne by the cardholder.
(5) If the cardholder does not receive the statement, he should take the initiative to inquire with the Bank. If he does not raise any objection to the Bank within three months after the transaction, the Bank will consider that he has approved the transaction.
Chapter IX Supplementary Provisions
Article 35 These Articles of Association shall be formulated and interpreted by China Minsheng Bank, and shall be implemented after being approved by the State Council Banking Regulatory Authority.
article 36 matters not covered in the articles of association shall be implemented in accordance with relevant national policies, laws and regulations. If overseas institutions are involved in the cardholder's card transaction, the relevant disputes shall be handled in accordance with the provisions of VISA and mastercard international.