How to cancel a China Merchants Bank credit card

There are three ways to cancel a China Merchants Bank credit card:

1. Call the bank’s credit card center to inquire about cancellation matters;

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2. Use the phone to cancel the credit card;

3. Cancel the credit card at the bank counter:

①Prepare your ID card;

② Pay off the outstanding balance;

③Go to the bank counter and handle the cancellation business. If you no longer want to use a China Merchants Bank credit card, then you must cancel your China Merchants Bank credit card in time, because credit cards have annual fees. If you do not repay the annual fees accumulated over a long period of time, it may bring you serious consequences. Credit stain. Therefore, you should seize the time to cancel your credit card. The development history of China Merchants Bank Credit Card: It started early and achieved professional and integrated services in 2002; its credit card customer center was named the National Call Center of the Year in 2004 and won the Best Call Center Award in China in 2012. By the end of 2016, the cumulative number of cards issued was nearly 80 million, the cumulative annual credit card consumption exceeded 2 trillion yuan, and the per capita consumption was nearly 60,000 yuan. The amount of overseas card transactions ranked first in the industry; business content has also been continuously enriched, and the CMB Mobile Life App The number of downloads has exceeded 100 million, with more than 30 million bound users and nearly 4 million daily active users. At last year’s “Double Eleven” consumption carnival, China Merchants Bank’s credit card transaction volume reached 15.5 billion yuan that day.

At the end of 2008, China Merchants Bank took the lead in the industry to transform its credit card development from extensive operations to intensive operations, continuously innovating service functions, and owning more than 100 credit card varieties, which have been widely recognized and appreciated by the whole society. In 10 years, it has won the title of the most popular credit card among multi-millionaires on the Hurun Report eight times. It has achieved profitability four years ahead of schedule and created a miracle in the international credit card industry. Harvard University has written it into a teaching case.

What is more worthy of imitation in the same industry is to accurately segment the consumer market and launch credit cards with different consumption functions to adapt to the needs of different consumer groups and spending power. In order to accurately grasp the profit direction of the market and better meet the real demands of customers, China Merchants Bank implemented a refined marketing strategy. After conducting a large number of market surveys, analyzes and experimental simulations, it divided its credit card customer base structure into five categories for management. , which are high-end customers, diamond customers, golden sunflower customers, gold card customers and ordinary customers. At the same time, in response to the multi-level requirements of customers, China Merchants Bank provides credit card services that adapt to various consumption scenarios, including unlimited cards, platinum cards, business cards and department stores, airline cards, fan cards and other varieties.

How to cancel China Merchants Bank Credit Card

Just call the 24-hour customer service hotline of China Merchants Bank Credit Card: 400-820-5555 to apply for account cancellation.

If the customer will no longer use the card during the validity period or after expiration of the credit card, after repaying all outstanding balances on the credit card, the customer can apply for account cancellation through the China Merchants Bank customer service hotline. China Merchants Bank will handle formal account cancellation procedures for cardholders 45 calendar days after accepting the customer's account cancellation application.

China Merchants Bank will continue to retain the right of recourse for credit card accounts incurred before and after the cardholder's account cancellation and accept customer repayments.

If a customer applies to cancel a credit card using an electronic cash account, and there is still a balance in the electronic cash account, the cardholder can choose to give up the balance in the electronic cash account or go to the business outlet of the card issuer to cancel and balance the account. Receive it back and go through the cancellation procedures in accordance with the relevant regulations of the card issuer.

Extended information:

Credit card account cancellation:

As long as there is no overdraft on the card, you can apply for account cancellation at any time.

If the card has not expired, you need to apply first and then go to the bank to cancel the account after a certain number of days.

If the card has expired and the account balance is zero, you can directly go to the designated bank outlet to cancel the account.

When canceling an account, you should bring the original valid identity document and card. If it is inconvenient for you to go through the account cancellation procedures, someone else can do it for you. The agent must hold a power of attorney written by the principal (in person) and bring the original valid identity document to handle the account cancellation business.

China Merchants Bank - Credit Card Regulations

ifeng.com - What is the "correct posture" if you want to cancel a credit card

How to cancel a China Merchants Bank credit card

1. Call the credit card customer service number to cancel. China Merchants Bank credit card can be canceled by calling the credit card customer service hotline 400-820-5555, but you need to provide some supporting information when canceling, such as: ID number, office phone number at the time of application, company name at the time of application, home phone number, etc. Registration history information.

Operating environment:

Brand model: iPhone13

System version: iOS15.0

App version: 10.0.0

After the bank checks and confirms the information, it will prompt "You have successfully canceled the card. Please use scissors or other tools to destroy the card." At this time, you only need to follow his instructions to destroy the card.

2. Go to a China Merchants Bank outlet to cancel your account. With your ID card, go to the bank where your account is opened to cancel your account.

3. Wait for the credit card to be canceled automatically. If there is no money in the debit card, it will be automatically put to sleep by the system after 2 years. When it is used in the future, it will prompt that it has not been used for a long time and is in a sleep state. To wake up the card, you can follow the bank SMS prompts.

Extended information:

1. A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

2. Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on the Provisions on Credit Cards of the People's Republic of China and the Criminal Law of the People's Republic of China") refer to those issued by commercial banks or other financial institutions. It is an electronic payment card with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

3. 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). ?

4. 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 A credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve as required. When the reserve account balance is insufficient for payment, the card can be overdrawn within the specified credit limit. The so-called credit card generally refers to a credit card only.

5. Starting from January 1, 2021, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled. (The original upper limit was 0.5% of the daily interest rate, The lower limit is 0.7 times the daily interest rate of 0.5%). On May 25, 2021, the Supreme People's Court issued and implemented the "Regulations of the Supreme People's Court on Several Issues Concerning the Trial of Bank Card Civil Cases".

How to cancel China Merchants Bank credit card

China Merchants Bank credit card can be canceled. Many cardholders feel that it is of little use and want to cancel. They can cancel it. There are two ways to cancel it.

First, call the China Merchants Bank customer service hotline. After verifying the identity, the cardholder applies and finally confirms the cancellation, and the bank staff will handle the cancellation procedures.

Second, go to an offline bank outlet to cancel the card. The cardholder can take the ID card and card directly to the bank counter to cancel the card. It should be noted that the above two cancellation methods require that the credit card limit has been paid off in full and there is no outstanding balance before the cancellation procedure can be processed. If our credit card limit has been used, the cancellation cannot be processed.

The last thing I want to say is that we should use credit cards in moderation. We must consume according to our ability. We must not blindly use credit cards to overdraft. After all, the money spent needs to be repaid, so it is not necessary to put pressure on yourself. Well, it is actually not a good idea to hold multiple credit cards. It is recommended to only have one or two and cancel the extra ones to prevent over-consumption.

That’s it for the introduction of how to cancel China Merchants Bank credit card.