Is China Merchants Bank’s credit card reliable?
1. Is China Merchants Bank’s credit card reliable?
Reliable.
China Merchants Bank is the first joint-stock commercial bank in China that is entirely owned by corporate legal persons. It is also the first pilot bank for the country to promote banking industry reform from outside the system.
China Merchants Bank's credit cards are relatively good. China Merchants Bank's interest rates are relatively low, and the credit limit is relatively high, and the loan time is also relatively fast.
2. Credit card
Credit card, also called credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).
3. Credit card repayment methods
1. Repayment within the card issuing bank
This method includes: card issuing bank counter, ATM, online banking, automatic transfer, Telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.
2. Weiyintong POS mobile phone
Weiyintong POS mobile phone is a mobile financial system personal payment terminal, which can be used to directly swipe credit cards for repayment, as well as transfer and other services. , instant payment.
3. Transfer/remittance repayment
It is mainly divided into two methods: inter-bank in the same city and inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.
4. Online repayment
The more common online platforms in China include: UnionPay Online, Kuaiqian, Shengfutong, Alipay, Tenpay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.
5. Xinpaytong repayment
The "Xinpaytong" smart card swiping phone was independently developed by China UnionPay, certified by the Bank Card Testing Center, and approved by the China UnionPay inter-bank information exchange network Providing innovative electronic products supported by financial services.
Is China Merchants Bank’s credit card good?
China Merchants Bank’s credit card is relatively good. It has some advantages compared with other banks’ credit cards. The credit card service center of this bank has particularly good service, fast limit increase, and relatively low application threshold. , and the billing date can be adjusted according to the customer's needs, the card can be restored after cancellation, and the limit can be freely controlled. It also provides large installment payment services.
Good service and low threshold
China Merchants Bank’s credit card is better because this bank’s credit card service center has a very good service attitude and will provide customers with 24-hour uninterrupted manual services and can solve problems. Any problems that arise when customers use China Merchants Bank's credit cards, and when there is a risk in the card, customers will be promptly reminded. The application threshold for a China Merchants Bank credit card is relatively low. As long as you have a regular job with a stable income or have successfully applied for a loan, you can apply for a China Merchants Bank credit card.
No annual fee and fast limit increase
No annual fee and fast limit increase are also an important advantage of China Merchants Bank Credit Card. After a customer successfully applies for a China Merchants Bank Credit Card, as long as the annual consumption reaches You don’t have to pay any fees for three transactions, and if you insist on using a China Merchants Bank credit card in your daily life, when the transaction limit reaches a certain amount, China Merchants Bank will increase the credit card limit for free for customers, allowing customers to have greater consumption space.
Customers can adjust the billing date
Each bank's credit card has a fixed billing date. Only by repaying the bill on time can the normal use of the credit card be guaranteed. However, China Merchants Bank Credit Card However, the service is more user-friendly. It can adjust the billing date according to the needs of the customer, which is an advantage that other bank credit cards do not have. In addition, when customers use China Merchants Bank credit cards, if they make large purchases, they will If you encounter difficulties in repaying the loan, you can also choose the installment repayment service, which can effectively reduce the customer's repayment pressure.
You can also apply for reinstatement after canceling the card
Many people feel that it is useless after applying for a credit card, so they want to cancel the card. However, they feel very inconvenient after canceling the card and want to use it again Application, this happens in many banks. If you want to use the credit card in the future, you have to apply again. However, China Merchants Bank does not have to be so troublesome, because if you want to re-use the China Merchants Bank credit card after cancelling, you only need to call the customer service center of the customer service center and talk to him. Explain the situation, and the credit card you applied for cancellation will be restarted within three working days, and you can use it normally after reactivation.
What about China Merchants Bank Credit Card?
Chinese Merchants Bank Credit Card can be used for swiping purchases, online payments, etc., and has a wide range of payments. Most online shopping websites support China Merchants Credit Card. When using it, More convenient. The application threshold for China Merchants Bank credit cards is relatively low, and the points are valid forever.
China Merchants Bank credit cards can be used for installment payment, credit card points accumulation, interest-free period of up to 50 days, etc. Different offers and promotions will be launched from time to time for different credit cards.
Except for high-end credit cards such as Platinum Card, the basic conditions for issuance review of various China Merchants Bank credit cards are the same, that is, the applicant must have a certain financial ability and have no bad credit record.
Extended information:
Article 41 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" The card-issuing bank shall conduct a credit investigation on credit card applicants, fully verify and completely record the validity of the applicant Information such as identity, financial status, consumption and credit history, and confirm that the applicant has a fixed job, a stable source of income or reliable repayment guarantee.
Article 42 The card-issuing bank shall determine the required (optional) elements of the credit card application materials based on the overall risk management requirements, and if any required information or required options are omitted (optional) in the credit card application materials, No credit card will be issued if the card is issued by another person (excluding business travel cards and business purchasing cards issued by the company and supplementary cards issued by the main cardholder), signed by others, or the application materials are not signed.
Credit cards shall not be issued if there are doubtful information in the credit card application materials, missing review comments, failure of reviewers at all levels to sign (sign, seal, enter work code), or lack of system review records.
Advantages and Disadvantages of China Merchants Bank Credit Card
Advantages of China Merchants Bank Credit Card:
1. The application threshold is extremely low, points are permanently valid; there are many special merchants; there are many co-branded cards;< /p>
2. Online banking has powerful functions, is easy to operate, and supports Alipay;
3. There are often value-for-money group buying products, and there are many activities and tricks;
4. The all-in-one card has good functions and is good in all aspects of financial management;
5. All cards are combined into one bill (convenient for repayment);
6. There are many types of cards and beautiful designs;
7. There is a 48-hour "card loss protection"; 800 is easy to connect and the service is good;
8. Installment shopping is convenient, and the installment does not occupy the quota;
9. There are bill installments;
10. The credit card swiping success rate is high.
Disadvantages of China Merchants Bank’s credit card:
1. The interest-free period is the shortest among all card issuers, with the shortest being 18 days;
2. The points policy is very inhumane (20 One point per dollar, excluding zero);
3. No SMS reminder for small-amount consumption;
4. All cards combined into one bill (not flexible);
5. The online payment limit is too low and points are not calculated.
Summary: China Merchants Bank’s credit card combines the security of a large bank with the services of a small bank. It is a must-have choice for card users. The premise is that you don't value points.
We hope that China Merchants Bank credit card holders can refer to the above knowledge and use China Merchants Bank’s credit cards to their full potential!
Extended information:
Tips for maintaining credit cards:
1 . The number of card swipes for a single card is more than 5 times per week and more than 20 times per month. Reasonable increments every month, 25-30 transactions per month is optimal.
2. The amount of card swiping should be small combined with large purchases. If it is all trivial and small purchases, the bank will not treat you as a high-quality customer. Only frequent large purchases can prove your consumption level.
3. Be careful not to empty out the credit limit in large amounts as soon as the bill comes out. Basically, this is the only time you empty out, and you will be risk controlled by the bank immediately. And after March, risk control has become more and more strict, so don’t seek death.
4. It is best not to spend more than 50% of the total amount of the card in a single transaction. Of course, even if the limit is low, even if it is all real consumption, it is best not to use up the limit all at once.
5. 1-2 transactions per day for a single card is best. The interval between swiping the same card must be at least 3 hours. The interval between swiping different cards should be more than 5 minutes.
6. It is strictly forbidden for anyone to check the balance on the POS machine before swiping the card. This is a gift.
7. Don’t always use the last digit of 0, 6, 8, or 9 when swiping your card. Do not swipe the card with the same last three digits, such as 5222 or 8000.
8. Occasional installments, especially when banks take the initiative to call and request installments, basically involve spending money to increase the amount. If you want a limit, you must agree to the installment plan. You can try a small amount for a short period of time.
9. Try not to empty the card, leaving about 10%-20%. Some commercial banks have low credit limits and can be increased by maxing out, but it is best to use real and high-quality consumption.
10. Try to swipe your card between 9 a.m. and 10 p.m., and try not to swipe your card at other times.
11. If a card swipe fails once, do not try to swipe a low-amount card again. Even if it succeeds, the risk is too high, so you must know the remaining balance of the card in real time.
12. If the card is used for more than half a year, there are transactions every month, and repayments are made on time, the success rate of basic limit increase is higher. Generally, you can apply for the first withdrawal after half a year, and then once every three months. You must take the initiative to apply.
13. Overseas consumption is very helpful in increasing your credit limit. If you can go abroad or go shopping with friends, classmates, colleagues, etc., be sure to bring your credit card and use it vigorously. Moreover, there are too many overseas activities, various cashbacks, and points doubled, so it is easy to get more when you swipe your card.
14. If you are eligible for a temporary quota, use the temporary quota. Except for the four major banks, it is generally easier to convert the temporary quota to a fixed quota. Of course, remember the temporary quota rules and don’t get stuck.
15. If you have spare money, make a fixed deposit or something in the bank, commonly known as moving bricks. This is the best way to increase your balance.
16. If you have done a lot but can’t get enough credit, it’s time to try the freezing method. Stop using it completely, or pretend to cancel the card.
How about China Merchants Bank’s credit card?
China Merchants Bank credit card is relatively good, with the following main advantages:
1. It is quick to apply for a card and has a high credit limit. (Shizuka Says Card A) The maximum limit of the credit card gold card can reach 50,000 yuan, and the annual fee is waived in the first year. If the cardholder reaches the specified number of swipes, the annual fee in the second year can be waived. If the new account swipe the card to meet the standards, the user can also receive gifts, and the points swiped by the card can also be redeemed for Starbucks and video memberships;
2. China Merchants Bank has many types of credit cards. China Merchants Bank has launched a Various types of credit cards, including standard credit cards, high-end credit cards, special theme credit cards, fashion credit cards, etc.;
3. Provide multiple discounts of 35% off on food, 9 yuan for movie viewing, and 10 yuan for storm;< /p>
4. Cash advance can be taken anywhere. It also provides a variety of services such as bill installment and e-loan installment;
5. Provide five layers of security.
This is the end of the introduction about China Merchants Bank’s credit card and China Merchants Bank’s credit card. Have you found the information you need?