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Can I use a credit card worth RMB 20,000 to get 20,000 in cash for the first time?

Hello, if you hold a credit card from our bank, the cash advance limit is generally 50 of the credit limit (except for cards with special regulations). At the same time, the daily cumulative cash advance amount of each domestic card is capped at RMB 2,000; the daily cumulative cash advance amount of each household for overseas non-UnionPay lines shall not exceed the equivalent of US$1,000, and the cumulative amount within one month shall not exceed the equivalent of US$5,000. , the cumulative amount within 6 months does not exceed the equivalent of US$10,000.

Cash advances do not enjoy interest-free repayment. From the day of cash withdrawal to the date of repayment, interest will be charged at a daily rate of 0.05%, and compound interest will be charged on a monthly basis. If you withdraw cash, it is recommended that you repay it as soon as possible.

(You can consult online through QQ or WeChat any information you want to know about China Merchants Bank’s credit card services. Method 1: Search 4008205555 among QQ business friends, and add China Merchants Bank Credit Card Center as a friend; Method 2: Search the number "cmb4008205555" in WeChat and follow China Merchants Bank Credit Card Center)