The temporary quota is valid for a certain period of time, and will be automatically restored to the original quota after the period expires. After the temporary line expires, the used temporary line (exceeding the fixed line) does not enjoy the convenience of revolving credit, and will be included in the minimum repayment amount of the latest bill, which must be paid off in one lump sum on the due repayment date. Minimum repayment amount = 10% advance cash principal+10% non-advance cash transaction principal+100% expense+100% interest+100% excess consumption+100. As long as the repayment is made according to the minimum amount before the due repayment date, there will be no late payment fee and personal credit will not be affected. Please rest assured. However, it will generate cyclic interest. All consumption in the current period starts to bear interest from the bookkeeping date (usually the day after consumption), and the daily interest rate is five ten thousandths until you pay it off in full.

1. The temporary credit line of China Merchants Bank has a certain validity period, which is generally 1 month to 3 months. Upon expiration, the temporary credit line will be invalid and the credit card line will be restored to the original line.

Therefore, the temporary quota for applying for China Merchants Bank must be used within the validity period, otherwise it needs to be re-applied before it can be used again. In addition, if the cardholder does not realize that the temporary limit is gone and continues to spend at a high limit, then the credit card will be overdrawn, resulting in cost overruns and affecting personal credit.

Second, one more thing. Although the threshold for applying for temporary credit line of China Merchants Bank is low, don't apply blindly. If you don't use it after applying, it will affect the subsequent credit card withdrawal.

Third, the temporary credit card limit is simply the limit that can be used for a short time. Unlike fixed lines, it can't be recycled. After expiration, the line will be restored to the previous fixed line. If the cardholder wants to continue to use the temporary limit, he needs to apply again. In addition, the temporary repayment amount can not be paid according to the minimum repayment amount, nor can it be paid in installments, but can only be paid off in one lump sum. Therefore, cardholders must evaluate their repayment ability before using the temporary credit line, and don't be overdue because they haven't paid it back yet. How about using a temporary credit card limit? The above two points are the obvious characteristics of the temporary credit card limit, which most cardholders know. But there are two shortcomings that many people don't know.

1, the use of temporary credit card limit will affect the promotion of fixed limit, mainly reflected in these two points:

① In some banks, after using the temporary quota and paying it off, the cardholder can apply to convert the temporary quota into a fixed quota, which is equivalent to withdrawing cash in disguise.

② Some banks increase the temporary credit card quota, which may not be conducive to increasing the fixed quota. Because there will be a time interval for credit card to raise the fixed limit, some banks will take the opportunity to raise the temporary limit, which is unfavorable for raising the fixed limit.

2. Temporary credit line is not conducive to applying for a new card.

① When the cardholder applies for increasing the temporary credit limit, the issuing bank will make an inquiry on the credit report of the cardholder and leave the inquiry record. Too many inquiry records are not conducive to applying for new cards or other loans.

2. The temporary quota will also be reflected in the credit report. If the limit is too high, it may appear in the detailed version of your credit report, so your short-term application for credit cards and loans will be affected.

Operating environment: China Merchants Mobile Banking 7.7. 1.5