Is the Minsheng Elite Platinum Credit Card worth it? Evaluation of benefits, annual fees, and limits
Minsheng Elite Platinum Credit Card is a very popular and very popular card from Minsheng Bank. It can be said that many people have applied for this card. So, is the Minsheng Elite Platinum Credit Card worth it? Today, let’s conduct an evaluation and analysis from the three aspects of Minsheng Elite Platinum Credit Card: rights, annual fees, and limit.
Benefits:
1. Cardholders can enjoy unlimited flight delay insurance, traffic accident insurance of up to 1 million yuan, and aviation accident insurance of up to 10 million yuan throughout the year. Assure.
2. Cardholders can enjoy 2 times the points reward for overseas transactions.
Edition cardholders can enjoy fast customs clearance services for domestic flights and overseas flights at 8 major international airports in China, as well as benefits such as staying 3 for 2, staying 4 for 3, free breakfast for two, room upgrades and other privileges in high-end hotels around the world.
Edition cardholders can also enjoy discounts of up to 15% cashback on overseas purchases, shopping gift certificates, and cashback rights for world-famous museums and park tickets.
Comments:
The benefits of this elite platinum card from Minsheng Bank can be said to be quite generous, whether it is flying, staying in a hotel, or overseas shopping, travel, etc. Overseas shopping, etc., all have exclusive rights and interests.
Annual fee:
The annual fee for Minsheng Elite Platinum Credit Card is 1,800 yuan, and there is no annual fee for supplementary cards. There is a discount on the annual fee. If you activate on March 31, 2019, you can enjoy the annual fee exemption for the first year. And the annual fee for the next year will be automatically deducted with 200,000 points.
Comments:
There is no doubt that as a high-end platinum card, its annual fee must be quite high. However, compared with other high-end products that have rigid annual fees that cannot be waived, the annual fee burden of Minsheng Elite products is lighter.
Not only is there a discount for the first year's annual fee, but you can also use points to waive the next year's annual fee. Its consumption can accumulate multiple points, so it is not particularly difficult to reduce the annual fee.
Amount:
Minsheng Elite Platinum Credit Card is a high-end platinum card, and the limit of high-end platinum cards has always been very high, starting from 80,000.
Comments:
First of all, as a high-end white card, this credit card is not a fake platinum card, so there will be no dish cards. Moreover, Minsheng Bank has always given generous credit limits. Other platinum cards start from 50,000, but this credit card starts from 80,000. So the amount is quite good.
The above is the answer to "Is the Minsheng Elite Platinum Credit Card worth it?" Whether in terms of card benefits, card limit, or annual fee policy, Minsheng Elite Platinum Credit Card is a pretty good high-end platinum credit card.
The annual fee for Minsheng Financial Platinum Credit Card in the next year after card replacement
The annual fee for Minsheng Bank Credit Card:
Standard Platinum Card 600 yuan/year, supplementary card 300 yuan/year year;
Deluxe Platinum Card 3,600 yuan/year, supplementary card 1,800 yuan/year;
Annual fee reduction policy:
Standard Platinum Card A first-year annual fee will be charged for a newly issued card after activation. If the card is used for 18 transactions or 50,000 yuan or its equivalent in the year, the annual fee for the next year will be waived, and so on (except for special card types).
※For special card types and credit cards that enjoy annual fee discounts, please refer to the card paper for the annual fee collection policy or see the official website for details
※The annual fee reduction is based on the number of transactions The rules that meet the standard only count the number of purchases and do not limit the amount of transactions;
What are the three types of Minsheng Standard Platinum Cards?
There is no type of Minsheng Standard Platinum Card. Minsheng Platinum Card is a bank card launched by China Minsheng Bank. The standard version of the Platinum Card has an annual fee of 600 yuan, an interest-free period of 20 to 50 days, and a minimum repayment of 10% of the outstanding amount. Among various card products, Minsheng Diamond Platinum Credit Card, Minsheng Women’s Flower Credit Card, Minsheng Overseas Student Credit Card, Minsheng VISA Olympic Credit Card and other products are highly favored by cardholders.
In the field of high-end customers, Minsheng Diamond Platinum Credit Card has issued more than 100,000 cards, ranking among the best in the country.
1. Minsheng Bank Online Banking
Minsheng Bank Personal Online Banking implements 28 services and 168 sub-functions such as investment, loan, application, etc., basically covering the counter except cash deposits and withdrawals. most of the functions. Customers can log in to Minsheng Bank's website through the Internet, allowing banking services to be delivered directly to customers' homes, allowing them to easily realize their investment and financial management needs without leaving home.
According to the needs of customers’ financial services, the variety of personal online banking services has been continuously enriched, and real-time payments of large and small amounts allow you to quickly complete transfers and remittances; the online banking loan business has newly added mortgage open account loans and personal self-service revolving loans; Payment services that are closely related to daily life are also constantly expanding the scope of payment; "money makes money" financial management, electronic treasury bonds, fund investment, foreign exchange trading, safe deposit box services and other financial investment services can enable customers to enjoy financial life conveniently and flexibly.
2. Benefits of Minsheng Standard Platinum Credit Card:
①. Air service: No matter what class of flight seat you take, you can directly enter 18 domestic Minsheng Bank airport VIPs for free. In the lobby, a dedicated person will handle all check-in procedures for you. Diamond credit card holders can also enjoy exclusive private space in more than 450 airport lounges around the world.
②. Guaranteed travel service discounts: As a distinguished guest of Minsheng Platinum Credit Card, we specially provide you with the most comprehensive and thoughtful full travel protection from domestic banks. The first ultra-high insurance coverage of up to 8 million yuan, lovingly benefits you and your family members.
③. Hotel services: Minsheng Platinum Credit Card VIP line makes it easy to book the world's top hotels, bringing you free broadband, free breakfast, free upgrades, preferential stays, cumulative upgrades and other extraordinary benefits!
④. Road assistance: With Minsheng Platinum and Diamond Credit Cards, you can enjoy 24-hour nationwide road assistance service, allowing you to enjoy unlimited services in nearly 300 cities across the country (excluding Hong Kong, Macau, and Taiwan) road emergency assistance, truly realizing the perfect proposition of traveling the world with one card.
⑤. Global exclusive routes: As a flying trapeze artist, of course you are more concerned about the quality and quality of high-flying life. Minsheng Platinum and Diamond Credit Cards provide you with special preferential services on many high-quality international routes in Europe and the United States.
Does the Minsheng Platinum Financial Credit Card calculate the monthly interest for 10,000 yuan per day in May?
No, but the annual interest rate of this loan is very high. The interest for one year is 5365 = 1825 yuan, and the annual interest rate is 18.25. The annual interest rate of this loan is very high. If the annual interest rate exceeds 24, it means an interest rate of more than 2 cents, which belongs to.
"Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases" Article 26 If the interest rate agreed between the borrower and the borrower does not exceed the annual interest rate 24, the lender requests the borrower to pay interest according to the agreed interest rate. , the people should support it. In the case where the annual interest rate exceeds 24 (monthly interest is 2 cents), but does not exceed 36 (monthly interest is 3 cents): If the debtor has paid the interest of 24-36 cents to the creditor, but requires the creditor to return it in the lawsuit, it will not Supporting the debtor's request is equivalent to acknowledging that part of the interest that has actually been paid.
The interest rate agreed between the borrower and the lender exceeds the annual interest rate of 36, and the interest agreement for the excess portion is invalid. If the borrower requests the lender to return the interest that has been paid in excess of 36% of the annual interest rate, the people shall support it. This is targeted at the fact that the annual interest exceeding 36 is deemed to be invalid. Even if the borrower has paid, the interest exceeding 36 can be requested to be returned.
1. The general annual interest rate is above 36 yuan. If you borrow 100 yuan, you will pay more than 36 yuan in interest per year. Individual interest rates can reach 100,200. In the history of our country, the annual interest rate has generally reached 100 yuan, and it is "compound interest". That is, if you borrow 100 yuan, you will have to pay back 200 yuan after one year. If you cannot return it when it is due, you will have to pay back 400 yuan in the second year, and 800 yuan in the third year.
What is the general interest rate? It is reported that the interest rate of private personal loans is determined by negotiation between the borrower and the borrower, but the interest rate negotiated by both parties must not exceed 4 times the loan interest rate of the same period and grade of financial institutions announced by the People's Bank of China, excluding fluctuations. Anything exceeding the above standards should be defined as high-interest lending. How much does it cost to borrow 100,000 per year? We often refer to 1 cent interest, which refers to the monthly interest calculated based on 1 of the loan amount. 2 points is the monthly interest rate of 2. If the annual interest is calculated, it is the annual interest of 24. After clarifying the specific meaning of 2-cent interest, it is very simple to know the interest of 100,000 yuan of 2-cent interest loan.
Second, 2 cent interest, a loan of 100,000 yuan, the interest generated every month is 48,000 yuan, and the interest generated in one year is 48,000 yuan. What needs to be said is that 2 cents interest is a very high interest rate. When applying for such a loan, everyone should pay attention to their repayment ability. At the same time, the interest generated must be calculated according to the specific interest calculation method. If you think the 2-point interest rate is too high, you can contact the home loan consultant through the home page to inquire about local loan interest rates. Whether the IOU is valid or not is an inevitable driver of interests in a market economy. In recent years, with the gradual deepening of the market economy, for borrowers, bank lending thresholds are relatively high and the procedures are complicated. However, the interest rate including four times the bank loan interest for the same period is still valid. Therefore, the IOU is only partially invalid.
The difference between China Minsheng Bank’s Platinum Wealth Management Credit Card and Platinum Credit Card
Differences: 1. The annual fee for the Platinum Wealth Management Card is 1,500, with a high limit, ranging from 100,000 to 500,000; the annual fee for the Platinum Card is 600, with a limit of 50,000 to 100,000
2. There is no interest-free period for platinum financial card purchases and cash withdrawals, and there is an interest of 0.5% per day
The annual fee for the supplementary card is the main card's Half
The annual fee will be waived if the total bill amount of the Platinum Financial Card reaches RMB 1 million in a year, and the annual fee will be waived if the Platinum Card has 18 points purchases or reaches RMB 50,000
What are the benefits of Minsheng Standard Platinum Credit Card?
You can enjoy the following benefits:
1. You can get corresponding cash rebates when you go to a gas station to refuel.
2. You can enjoy efficient and considerate medical services.
3. The annual fee can be waived after swiping the card a certain number of times.
4. Points earned through credit card consumption and other channels can be used to redeem airline miles.
5. You can enjoy car wash service for one yuan.
Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.
Advantages of credit cards
Compared with ordinary bank savings cards, the most convenient way to use credit cards is that they can be used for ordinary consumption without cash in the card. In many cases, as long as Just return the consumed amount on schedule.
You can use overdrafts without deposits, and you can enjoy an interest-free period of 20-56 days for on-time repayment without any interest charges (most banks will charge an interest of 50,000 cents on the day of cash withdrawal, and 2 handling fees, ICBC cash withdrawals are free of handling fees and only charge interest).
Swiping your card when shopping is not only safe and convenient, but also provides gift points.
You can enjoy discounts when you use the card at the bank's designated merchants.
Accumulate personal credit and add a record of integrity to your credit file that will benefit you throughout your life.
It is accessible nationwide and you can withdraw money or make purchases by swiping your card at ATMs and POS machines with the UnionPay logo; (Note: Credit cards are only suitable for consumption and swiping. It is best not to withdraw cash. The handling fee for cash withdrawals is very high and very inconvenient. Cost-effective)
Swipe your card for consumption, collect existing points with some credit cards, and offer a variety of discounts and lucky draws throughout the year, so you can always be surprised as long as you use your card; (most credit card online payments do not have points, but online shopping payments Very convenient and fast)
Free mailed statements every month, allowing you to transparently control every consumption expenditure; (now promoting green environmental protection, paper statements can be canceled and changed to electronic statements)
The unique supplementary card function is suitable for couples to manage finances at the same time, or to control their children's financial expenditures.
The free choice of one card and dual currencies is available all over the world. Overseas consumption can be repaid in domestic RMB.
400 or the 5-digit short number starting with 9 is available 24 hours a day. Loss reports are effective immediately and there is zero risk of losing the card.
Have validity period: It is known that the validity period of domestic credit cards is generally three or five years.
Use third-party platforms (the domestic platform that supports credit card bill management is mainly Jujindou) for business cooperation to provide cardholders with preferential services.
This is the end of the introduction about Minsheng Financial Platinum Credit Card and the limit of Minsheng Financial Platinum Credit Card. I wonder if you found the information you need?