China Merchants Bank’s student credit card limit generally has a minimum limit of 2,000 yuan and a maximum of 10,000 yuan. However, the final result depends on the applicant’s specific situation and the certificate provided by the applicant to determine the credit card limit. If the applicant's personal qualifications are better, the credit limit will be correspondingly higher. In addition, if the cardholder has a good card usage record, China Merchants Bank will increase the fixed limit for the cardholder from time to time.
Currently, most credit cards issued by China Merchants Bank for school students are YONG cards, and the general authorization limit is 3,000 yuan (because college students generally have no source of income). The limit for online processing is 3,000; if applied offline, the bank credit card limit will be adjusted based on the personal wishes and personal circumstances of the card holder, and will generally fluctuate between 3,000 and 5,000. Cards are sent by registered mail directly from China Merchants Bank headquarters and will arrive approximately 3-5 working days after approval. Young Card Campus Edition: An exclusive credit card for college students. To apply, you only need to provide proof of enrollment. Like the academic requirements for the youth version, applicants for the campus version of the Young card must be college students. Unlike credit cards issued by most banks, the youth version of China Merchants Bank Young Card does not charge handling fees for the first cash withdrawal every month. This is what young people value most. After all, cash must be taken out on many occasions.
China Merchants Bank YOUNG Card is almost the most attractive credit card among domestic banks at present, which shows that China Merchants Bank keeps up with the trend of the times and sincerely interacts with young people. China Merchants Bank's student credit card limit generally has a minimum limit of 2,000 yuan and a maximum of 10,000 yuan. However, the credit card limit is ultimately determined based on the applicant's specific situation and the certificates provided by the applicant. If the applicant's personal qualifications are better, the credit limit will be correspondingly higher. If applied offline, the bank credit card limit will be adjusted based on the personal wishes and personal circumstances of the card holder, and will generally fluctuate between 3,000 and 5,000.
After the user successfully applies for a China Merchants Bank credit card, he or she can enjoy the overdraft limit provided by the credit card. However, it should be noted that the overdraft withdrawal limit of the credit card applied for by students is limited. China Merchants Bank campus credit card is relatively good for college students. After successfully applying for the credit card, users can enjoy the benefit of free handling fees for the first two withdrawals every month.
Although it is difficult to accumulate CMB points, the things that can be redeemed are relatively good. After successfully accumulating credit card points, users can choose the products they want to redeem in Palm Life. What users need to understand is that student credit cards are only for students in school, while ordinary credit cards are different. Anyone can apply for an ordinary credit card as long as they pass the bank's review.
The functions of the card for college students: Free remittance to other places: parents can deposit cash in other places with the card number and withdraw money locally without paying any handling fees.
Accumulated points for consumption: When you use a credit card for consumption, you can accumulate points from the corresponding card-issuing bank. Points can be redeemed for goods. The specific accumulation rules and redeemable goods vary depending on the card-issuing bank.
Establish a credit record: A good credit record will make it easier to apply for housing loans or other consumer loans in the future.
Consume first and repay later: After swiping the card for consumption, the bank will collect the payment 20 to 50 days later, during which no interest or fees are required.
Instalment payment shopping: When purchasing your favorite big-ticket items such as computers, you can apply for credit card installment payment, with periods ranging from 3 to 24 months.
What information is generally required to submit when applying for a college student credit card?
Generally, you are required to provide a copy of your ID card, student ID card or original certificate from your department. Some banks may also require you to present other cards issued by the school.
What types of credit cards are there for college students:
There are seven types of credit cards for college students, including the "Peony Student Card" issued by the Industrial and Commercial Bank of China, the "Dragon Card College Student Card" issued by China Construction Bank, "Youka" issued by Agricultural Bank of China, "Young Card" issued by China Merchants Bank, "Fantasy Card" issued by Guangdong Development Bank, "I Card" issued by China CITIC Bank and the campus version of CMB's League of Legends Credit Card that is being issued.