How to calculate the handling fee of China Merchants Bank’s credit card?

The handling fee of China Merchants Bank’s credit card is as follows:

1. The installment handling fee of China Merchants Bank:

Procedure Fee = number of installments of consumption amount and handling fee. Bill installments are interest-free, and the minimum handling fee for each installment is 5 yuan. The bill is divided into 3 installments at 0.9% each, 6 installments at 0.75%, 10 installments at 0.70%, and 12 installments at 0.70%. It is 0.66% in one period, 0.68% in 18 periods, and 0.68% in 24 periods.

2. CMB credit card cash withdrawal handling fee:

Domestic cash withdrawal: 1% of the cash withdrawal amount is charged for each transaction, with a minimum of RMB 10 per transaction.

Overseas cash withdrawal: Each transaction is charged at 3% of the amount of cash withdrawal, the minimum is 3 US dollars/transaction or 30 yuan/transaction (American Express Card-Centurion Black Gold Card, American Express Card-Centurion Card The lowest price for Chang Platinum Card is 30 yuan/transaction or 5 US dollars/transaction).

Main features of credit card:

1. Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation within a certain range. ;

2. Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

3. Credit cards are high-tech products that integrate financial services and computer technology.

4. Credit cards can reduce the use of cash;

5. Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

6. Credit cards It can simplify the collection procedures and save social labor;

7. Credit cards can promote product sales and meet social needs.

Main types

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., and are used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of card issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal organizations.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card. A gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

According to different repayment methods, credit cards can be divided into credit cards and debit cards

Credit cards. It is a card-issuing bank that provides bank credit. When making a payment, it is first used as an overdraft, and then repaid or paid in installments. Most of these cards are used internationally. That is to say, the way that cardholders are allowed to pay off their credit card accounts without deposits is "spend first, deposit later". Most of the cards currently used internationally are of this type.

Credit and debit cards. It is a credit card issued by a bank that allows you to deposit money first and spend later. When applying for a credit card, cardholders need to deposit a certain amount of money in the card-issuing bank for backup. Cardholders need to use the deposit balance as a basis when using the card. Overdrafts are generally not allowed.

How to calculate the cash withdrawal fees and interest of China Merchants Bank’s credit card

Nowadays, credit card consumption has become more and more common. Everyone does not carry cash when they go out, but there will always be times when cash is needed. situation. So, how are the cash withdrawal fees and interest of China Merchants Bank’s credit card calculated?

As for the cash withdrawal fees and interest of China Merchants Bank’s credit card, today I will take you to calculate them together.

1. CMB credit card cash withdrawal handling fee

1. Domestic: 1% of the cash withdrawal amount, with a minimum charge of 10 yuan per transaction;

2. Overseas (including Hong Kong, Macao and Taiwan): 3% of the cash withdrawal amount is charged for each transaction, with a minimum charge of 30 yuan or 3 US dollars per transaction. American Express Platinum and Black Gold Cards charge 5% of the cash withdrawal amount for each transaction.

2. Interest on cash withdrawals from China Merchants Bank credit cards

Cash withdrawals do not enjoy interest-free repayment. From the transaction date, interest will be charged at a daily interest rate of 0.5% until the repayment date. Compound interest is calculated monthly.

For example: Mr. Li withdrew 5,000 yuan in cash from the credit card of China Merchants Bank in Shanghai on August 10, 2017, and a handling fee of 50 yuan was charged. Starting from August 10, 2017, China Merchants Bank Interest began to be charged, and Mr. Li paid off all the cash withdrawals on August 20, 2017. At this time, the money Mr. Li had to repay was: 5,000 (principal) 50 (handling fee) 25 (interest) = 5,075 yuan.

That’s it for today on the CMB credit card cash withdrawal fees and interest. I hope the things I have compiled will be useful to you. In the credit card section, just click

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to quickly apply for a CMB credit card!

I would like to ask how much is the handling fee of China Merchants Bank?

There are two main situations in which China Merchants Bank charges fees:

1. Domestic cash withdrawal:

When you withdraw cash in mainland China with a CMB credit card, China Merchants Bank A fee of 1% of the amount of each cash withdrawal will be charged, with a minimum charge of 10 yuan/transaction.

2. Overseas cash withdrawal:

When withdrawing cash overseas with a China Merchants Bank credit card, the fee is 3% of the amount of each cash withdrawal, with a minimum fee of US$3 per transaction.