You can't apply for installment for pocket cash withdrawal, but you can pay the minimum amount, and you have to collect handling fees, circulating interest and compound interest. If there is cash demand, it is recommended to apply for cash installment or e-loan, depending on the audit results.
What is pocket cash withdrawal?
China Merchants Bank's pocket cash withdrawal refers to withdrawing some cash from its credit card limit through the pocket life APP to facilitate its own cash use. So how to repay it? You can repay directly in the Pocket Life APP, transfer money through WeChat, Alipay, or your own mobile banking, or withdraw cash through ATM. Of course, if you have time, you can go to the bank counter to deposit cash for repayment.
Will pocket cash withdrawal affect credit reporting?
No, pocket cash withdrawal is actually the overdraft function of credit card. In general, credit card score is evaluated by repayment record, debt amount, credit record duration and account type. The current behavior itself is not directly related to these aspects, so it has no direct impact on credit information for pocket cash withdrawal.
What bank is China Merchants Bank?
China Merchants Bank was established in Shekou, the forefront of China's reform and opening up. It is the first joint-stock commercial bank wholly owned by an enterprise as a legal person in China, and it is also the first pilot bank promoted by the state from outside the system.
Since its birth, China Merchants Bank has created dozens of firsts in China's banking industry: innovative launch of the first landmark debit card based on customer number management-"one card"; The first real online bank-"One Netcom"; The first international standard dual-currency credit card; The first wealth management product for high-end customers-"Golden Sunflower Wealth Management"; Take the lead in launching the first intelligent investment product in the banking industry-"Capricorn Intelligent Investment", and take the lead in launching offshore business, buyer's credit, domestic letter of credit business, enterprise annuity business, cash management business, banking service, corporate finance and online acceptance bill business in the domestic banking industry.