How to withdraw the overpayment from China Merchants Bank's credit card

When the amount deposited into the credit card exceeds all the balances owed in the account, the excess amount is called "overpayment" and will be automatically Credit card purchases after deductions. Cardholders can also call China Merchants Bank's credit card service hotline to claim back the overpayment by transferring funds to a debit card in their name. The account name and ID number of the debit card used must be consistent with that of the credit card. Overpayments in US dollars can only be claimed with the China Merchants Bank All-in-One Card. Ways to get it back: Call the credit card service hotline, verify your identity, and press 9 to be transferred to a customer service specialist. Handling fee for overpayment recovery: 0.5% of the amount recovered, minimum RMB 5 or US$1, maximum RMB 50

China Merchants Bank Credit Card:

China Merchants Bank Credit Card Center Adopting nationwide centralized operations, it is the first credit card center in China that operates independently in full compliance with international standards, truly realizing integrated and professional credit card services. While refreshing credit card records one by one, China Merchants Bank Credit Card adheres to the service concept and innovative spirit of "changing because of you", actively explores the market, expands market alliances, and deepens market segmentation. The functions and services of credit cards are increasingly enriched and improved. It is China's One of the most innovative joint-stock commercial banks. Since the launch of the credit card business at the end of 2002, it has been the first to launch the "swipe a card to buy air tickets and receive millions of dollars in aviation insurance", the first to launch the "overseas consumption, repayment in RMB" business, and is the first to launch the credit card interest-free installment business ahead of its peers, and has become the leader in the industry. It was the first to launch functional innovative measures such as "SMS transaction reminder" and "Lost Card Protection".

What is a credit card?

It is a specially-made carrier card with consumer credit issued by commercial banks to individuals and organizations, which can be used to shop and consume with special organizations and deposit and withdraw cash from banks. It is in the form of a card with the card issuing bank printed on the front. Name, validity period, number, cardholder name, etc., cards with magnetic stripes and signature strips on the back...

A real credit card has the following characteristics: Pre-depositing cash is not encouraged, consumption first You can repay later, enjoy an interest-free payment period, and be able to repay in installments (with a minimum repayment amount). Join VISA, MASTER and other international credit card organizations for global use.

Consumption characteristics of credit cards:

In fact, everyone is already familiar with the consumption characteristics of credit cards. Take telecommunications products as an example. Generally, debit cards/savings cards are like "Travel to China". You need to deposit cash in advance, and you can spend as much as you deposit. If you don't have money, you can't make a call; if you don't have money on the debit card, you can't withdraw cash or swipe the card.

A credit card is like a regular landline phone at home.

Pre-depositing cash is not encouraged (you cannot pay a month’s phone bill to the telecommunications bureau first).

Credit consumption ( Nowadays, there is generally no deposit required for phone installation),

Consumption first and then repayment (the phone bill in July will be paid after receiving the bill in August),

Enjoy free Interest period (there is still a period of time to pay after the bill is received).

The only thing that cannot be compared with landline phones is that there is no minimum payment.

How to withdraw the overpayment from China Merchants Bank’s credit card? How to transfer out?

Many cardholders overpay when repaying their credit cards, and this part of the money that exceeds the credit limit becomes an overpayment. Like all banks, the overpayment in China Merchants Bank's credit card can be withdrawn and transferred to other people's savings cards by transfer, but a certain handling fee will be charged. Let's take a look.

The so-called overpayment refers to the money that cardholders pay overtime when repaying, or the money that is put into the credit card when the credit limit is insufficient when swiping the card. If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft.

1. How to withdraw the overpayment from China Merchants Bank’s credit card

If you want to withdraw the overpayment from your credit card, you can use Palm Life APP, Mobile Banking APP (Pad Bank), Online banking and customer service phone voice systems can transfer funds to the debit card of our bank or other banks in your name in real time.

Operation methods:

1. Cash advance on Palm Life: Log in to the Palm Life app, enter "Selection" → "Instalment Management", and click "Overdraft Transfer".

2. Mobile banking cash advance: Log in to the credit card mobile banking app, enter "My", enter your password to log in, and click "Credit Card" → "Instalment Management" → "Overdraft Transfer".

3. Online banking cash advance: Log in to credit card online banking and click "Instalment Management" → "Overdraft Transfer".

4. Telephone cash advance: Call the credit card service hotline, after verifying your identity, press 4, then 2 to enter "telephone cash advance".

2. How to charge for overpayment on credit card of China Merchants Bank

It is difficult to deposit overpayment on credit card, and it is not so easy to withdraw it. If you want to withdraw it, you will be charged a handling fee.

. The overpayment recovery account must be consistent with the credit card account name. The handling fee is charged at 0.5% of the cash withdrawal amount. The minimum fee is ￥5 yuan or $1 USD. China Merchants Bank has preferential policies, and the maximum fee is ￥50 yuan or $1. $10 USD.

How to transfer overpayment from China Merchants Bank credit card to debit card

There are two ways. One is to log in to Mobile Life and search for "Overpayment Claim" to claim overpayment. Back. The second is to call China Merchants Bank’s credit card service hotline and receive the overpayment by transferring it to a debit card in your name. Using these two methods, you can directly transfer the overpayment to your own bank card.

It should be noted that when transferring overpayments to a bank card, the account name and ID number of the debit card used must be consistent with the credit card. Overpayments in US dollars can only be collected with the China Merchants Bank All-in-One Card. Overpayment recovery handling fee: 0.5% of the amount recovered, with a minimum of RMB 5 or US$1 and a maximum of RMB 50 or US$10. Handheld life channels are currently exempt from handling fees.

In addition to the above two methods, cardholders can also directly withdraw the overpayment, but this method is called cash withdrawal. If you withdraw the overpayment through cash advance channels, you will be charged a cash advance fee. . The handling fee for domestic RMB cash advances is 1% of the amount of each cash advance, with a minimum charge of RMB 10 per transaction; the handling fee for overseas cash advances is 3% of the amount of each cash advance, with a minimum charge of US$3 or 30 yuan.

Through more than 21,000 domestic institutions, 100 overseas branches and thousands of agency banks around the world, ICBC uses leading information technology and electronic networks to serve more than 8 million corporate customers and 100 million Multiple individual customers are provided with a full range of financial services including wholesale, retail, electronic banking and international business. As of the end of 2004, cash management had more than 3,700 contracted customers and provided cash surplus payment for 19,600 upstream, downstream or affiliated units of these customers.

Refers to the funds that credit card customers overpay when repaying or the funds stored in the credit card account. A certain amount of fees must be paid to withdraw the overpayment. This amount can increase the available limit of your credit card or be used directly for consumption repayment. If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft. No interest is accrued on overpayments.

In fact, banks do not encourage cardholders to charge money to their credit cards because credit cards adopt a consumption-first-repayment model. Therefore, the bank stipulates that a certain handling fee will be charged for overpayment withdrawal. At the same time, the handling fees for withdrawing cash from credit card overpayments vary from bank to bank. Management services; the number of personal consumer credit customers is 3.97 million, with a loan balance of RMB 483.9 billion; the total number of customers of the high-end personal financial business product-Elite Club account exceeds 1.24 million.

1. Overpayment is a credit card deposit, and the bank will not calculate interest. This is completely different from a debit card.

2. Credit card cash withdrawals are subject to charges according to regulations. The charging issue should be looked at from two aspects:

1) According to the regulations on the use of credit cards, ATM withdrawals basically require a cash withdrawal fee. The usual standard is 0.5% of the cash withdrawal amount, with a minimum of 5 yuan; The handling fees for overseas cash withdrawals are higher.

2) If you withdraw money from an ATM machine with "overpayment", you will still be charged a cash withdrawal fee according to the credit card cash withdrawal standards. In this case, it is recommended that the cardholder transfer the overpayment on the credit card to a debit card of the same name in any bank, and then withdraw cash from the debit card. This reduces handling fees.

As for the handling fees for "overpayment" of cash withdrawals by credit card holders, the charging bank stated that although the credit card holders withdraw their own money, it takes up the relevant resources of the bank. Because unlike ordinary debit cards, credit cards are cumbersome in terms of deposit and withdrawal account processing, and credit cards are used to encourage customers to spend, not for cardholders to use them as savings accounts, so the charges are reasonable.

Moreover, "overpayment" does not include interest. In other words, there is no benefit to "recharging" your credit card in advance and then spending it. If the cardholder wants to increase a certain credit limit, he or she can apply for a temporary limit from the bank's customer service center. There is no need to rely on "overpayment" to increase spending power.

How to transfer the excess money (excess) from China Merchants Bank’s credit card to a debit card?

Cardholders can also call our credit card service hotline to receive the excess payment by transferring funds to the debit card in their name. The account name and ID number of the debit card used must be consistent with the credit card, and can only be redeemed with the China Merchants Bank All-in-One Card. Ways to get it back: Call the credit card service hotline, verify your identity, and press 9 to be transferred to a customer service specialist.

0.5% of the amount withdrawn, with a minimum of RMB 5 or US$1 and a maximum of RMB 50 or US$10. Note: If the overpayment is withdrawn through cash advance channels, a cash advance fee will be charged.

Extended information

The cardholder pays the cardholder a one-time payment to the merchant for the goods purchased by the card-issuing bank, and according to the cardholder's application, the consumption funds will be transferred to the merchant in installments. The cardholder's credit card account is deducted, and the cardholder repays the monthly credit amount.

In the past, credit card installments mainly included bill installments and single consumption installments. Banks usually charged corresponding handling fees based on the number of installments. Whether it is bill installment or single consumption installment, the premise is that consumption behavior occurs first, and then the bank sets the installment repayment of the credit loan generated.

Baidu Encyclopedia - Credit Card

That’s it for the introduction of the overflow of China Merchants Credit Card.