The credit limit for China Merchants Bank student credit cards is generally 0, because according to relevant regulations, credit card applicants should have a fixed job, a stable source of income or reliable repayment guarantee, and students do not have strong repayment ability. Does not meet the corresponding conditions. If a student credit card needs to obtain a limit, it must submit written guarantee materials to the bank that the second source of repayment (parents, guardians or other administrators, etc.) is willing to repay the credit on its behalf, and confirm the second source of repayment.

College student credit cards are credit cards issued by banks specifically for college students. With functions such as free long-distance remittances, accumulated points for consumption, and discounts at designated merchants, it is a good helper for many students to open up credit, become familiar with finance, and enrich their lives.

Free remittance to other places: Parents can deposit cash in other places with their card number and withdraw money locally without paying any handling fees.

Accumulated points for consumption: When you use a credit card for consumption, you can accumulate points from the corresponding card-issuing bank. Points can be redeemed for goods. The specific accumulation rules and redeemable goods vary depending on the card-issuing bank.

Establish a credit record: A good credit record will make it easier to apply for housing loans or other consumer loans in the future.

Consume first and repay later: After swiping the card for consumption, the bank will collect the payment 20 to 50 days later, during which no interest or fees are required.

Instalment payment shopping: When purchasing your favorite big-ticket items such as computers, you can apply for credit card installment payment, with terms ranging from 3 to 24 months.

How to apply for a card

Go to the nearest bank branch; apply online: League of Legends Campus Edition Card, Peony Student Card, Dragon Card College Student Card/Prestigious School Card, Youka, Young Card, Fantasy Card, Pudong Development Campus Youth Card.

Instructions for using the card

When using a credit card, you must adhere to the principle of living within your means and using the card rationally:

Timely repayment: after using a credit card for overdraft consumption, You must repay in full before the repayment date specified by the bank. Otherwise, your personal credit will be affected.

Use it safely: Be careful not to leak credit card information to others, especially the credit card number, expiration date and verification code. Criminals can use this credit to complete online payments. If a card is lost, please contact the card-issuing bank immediately to report the loss.

Careful reconciliation: The card-issuing bank will send a statement to the cardholder every month. This statement is a detailed record of the cardholder's monthly card consumption, cash withdrawals and repayments.

After receiving the statement, read each record carefully to prevent the bank from making accounting errors, and pay more attention to whether someone has stolen your credit card. At the same time, the statement is also a very convenient financial management tool, which will help you improve your spending habits and minimize unnecessary expenses.

Limited card usage: Each credit card has a credit limit set by the bank based on the cardholder’s credit standing. After the credit card amount reaches the credit card limit, the cardholder can still use the card to make purchases or withdraw cash. In this case, all your purchases in the month will no longer enjoy the interest-free treatment, and the bank will also charge you an over-limit fee. The standard for over-limit fees is generally 5% of the excess credit limit. Therefore, college students must avoid overdrafting beyond their credit limit when using credit cards.

When using a credit card, you must grasp it according to your own situation. You must clearly understand the purpose of applying for the credit card and your ability to repay. Otherwise, the use of credit cards will also bring you some unnecessary trouble. For example: the repayment amount is not enough or the repayment time is forgotten and additional fees are incurred.