What is the reason why there is no point after swiping the credit card of China Merchants Bank?
The reason why the credit card swiped by China Merchants Bank has no points is because some merchants' transactions and credit card charges do not accumulate points for credit card consumption, and a single consumption accumulates 1 point every 20 RMB /2 USD. Car cards and city theme series gold cards accumulate 1 points every 20 yuan or USD 2, giving 50% extra points, but the validity period is 2.5 ~ 3 years.