cash advance, also known as cash withdrawal, is one of the basic functions of credit cards, which provides cardholders with small cash loans. For credit cards with cash advance function, the cash advance function will be enabled when the transaction password of the card is successfully set for the first time. Cash advance can be completed through the following channels without pre-deposit:
1. Emergency cash demand: the required cash can be withdrawn through ATM machines or institutions providing cash services. Please look for UnionPay, VISA, MasterCard, Cirrus or JCB signs when using ATM machines.
2. Emergency debit card payment/transfer requirements: You can borrow cash by phone through the voice system of customer service hotline and transfer the money to the one-card account of China Merchants Bank in your own name; Cash advance through online banking, mobile banking and Pad Bank can be transferred to your one-card account of China Merchants Bank or to your debit card accounts of China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Construction Bank, Bank of Communications, China Postal Savings Bank, China Everbright Bank, China CITIC Bank, Industrial Bank, Shanghai Pudong Development Bank, Shanghai Bank and Ping An Bank (among which UnionPay online is required for debit cards of Bank of Communications, Shanghai Pudong Development Bank and Ping An Bank). Your debit card account opening certificate must be consistent with your credit card account opening certificate, otherwise you will not be able to transfer money. The handling fee for domestic RMB cash advance is 1% of each cash withdrawal amount, and the minimum charge is 1 yuan RMB; The handling fee for overseas cash advance is 3% of each cash withdrawal amount, and the minimum charge is USD 3 or 3 yuan RMB (American Express Card-Centurion Black Gold Card, American Express Card-Centurion Platinum Card is USD 5 or 3 yuan RMB). There is no inter-bank handling fee for cash advance.
advance cash does not enjoy interest-free repayment. from the date of withdrawal to the date of settlement, interest will be charged at the daily rate of .5 ‰, and compound interest will be charged on a monthly basis. PS: The handling fee for cash advance by credit card does not generate interest.