How does China Merchants Bank credit card cashback work?
The prerequisite for China Merchants Bank credit card cashback is that the user must have a China Merchants Bank credit card and a China Merchants M card, and activate the CMB credit card associated repayment function, using the M card as the associated repayment account. Specific steps:
1. Open the China Merchants Bank mobile client (if you don’t have the China Merchants Bank mobile client, you need to download it first).
2. Use M card to log in to mobile banking, enter the "Consumption Cashback" menu and click "Participate in Activities" to register for the event.
Activity time: June
Steps to participate:
1. Activate the linked repayment function of China Merchants Bank’s credit card and use the M card as the linked repayment account.
2. Use M card to log in to mobile banking, enter the "Consumption Cashback" menu and click "Participate in Activities" to register for the event.
3. After completing the above two steps, you will receive an event qualification text message the next day.
4. After receiving the activity qualification text message, the highest final zero (i.e. cents) of the credit card transactions you have credited every day from now on will be returned to your M card the day after the credit card transaction. account. --Example: The customer receives an SMS notification of activity qualifications on January 1. If the customer's credit transaction on January 1 (the date of credit is subject to the bill) is yuan, yuan, yuan, yuan, the customer's January 1 The maximum amount of trailing zeros in credit card transactions recorded is yuan, and the cashback amount is yuan. The customer will receive a cashback amount of yuan on the M card on January 2, and so on)
Cashback instructions: 1. This activity is applicable to RMB account transactions with valid personal credit cards (except commercial cards) issued by the Credit Card Center of China Merchants Bank Co., Ltd. (excluding transactions with VISA, MASTER, AE, and JCB line payments).
2. The M debit card associated with this activity must be an M non-co-branded card. M co-branded cards issued by branches are not within the scope of the activity.
3. You can use your M card to log in to the "Consumption Cashback" menu in the M area of ??mobile banking to check the cashback details.
4. If you cancel the associated repayment function during the event, change the associated repayment M card to a non-M card, or cancel the associated repayment M card, the event will be suspended on the day after the cancellation date. rights and interests.
5. The zero-end cashback for credit card transactions referred to in this activity are all transactions that have been credited to the credit card. Customers can check the credit card statement credit date of each transaction through Mobile Life, Online Banking, and Mobile Banking.
6. If two transactions have the same trailing zero and are the highest, only one trailing zero will be returned at most per day.
How to transfer the money from China Merchants Credit Card to bank card
To transfer the money from the credit card to the bank card, the customer can directly handle the cash withdrawal business. Customers can choose to bring their credit card and personal ID to the counter of the card-issuing bank's offline business outlet to find staff to withdraw cash; they can also choose to advance cash in the card-issuing bank's online banking or mobile banking client or credit card APP.
Of course, everyone needs to note that the money in the credit card can generally only be transferred to the bank card in the customer's own name and cannot be transferred to other people's bank cards. In addition, not all credit card limits can be used for cash withdrawal. Generally, the cash withdrawal limit of a credit card is only about 50% of the credit limit. In other words, if the card credit limit is only 5,000, the customer can withdraw up to 2,500.
Also, after withdrawing cash with a credit card, you will no longer enjoy the interest-free period, and interest will be charged at a daily interest rate of 0.5% from the day of withdrawal. The cash withdrawal will also be fully included in the minimum repayment amount of the bill, so customers must remember to pay it off in full on time before the repayment date (inclusive).
China Merchants Bank has changed its style of risk control a bit in 2019, but after all, the high-quality foundation is there, and the China Merchants Bank card still has many advantages. For example, it is easy to apply for the card, and for those with average qualifications, white households, in China Merchants Bank There is no problem; in terms of limit increase, even though the risk control is relatively strict now, the limit increase is faster and more stable than most banks; it is still worth having.
Card name: China Merchants Bank YOUNG Card (Youth Edition)
Annual fee policy: No annual fee in the first year, and no annual fee in the following year if you swipe the card 6 times.
Special benefits: 100% of the cash withdrawal limit, and no handling fee for the first cash withdrawal every month; double points in the birthday month.
This card can be said to be the most popular card of China Merchants Bank. The application threshold is very low, it is easy to apply for the card, and the limit is raised quickly. Although the special benefits are not rich, as a novice, it is definitely worth it. The first card; just like Spider-Man in Avengers, I am young and I am proud!
Card name: CarCard Auto Credit Card (National Edition)
Annual fee policy: No annual fee for the first year, and no annual fee for the next year if you swipe it 6 times.
Special benefits: 50% extra bonus points for consumption, valid for three years; first-time CMB card users who hold their cards at designated cooperative gas stations to refuel or recharge within 6 months can enjoy gas rebates of 3% on weekdays , 5% on Fridays; card holders who spend 1,000 yuan or more in the month (excluding gas consumption) can also enjoy 3% gas rebates on weekdays and 5% on Fridays; the maximum monthly cash rebate is 30 yuan.
There are two cards under this card, a large black standard card and a small golden card of the opposite sex. The small card has holes and can be tied to the car key, while the large card has a You can print your own license plate number, and there is no difference in use. This card needs to be refueled at a designated gas station to enjoy the cash rebate. You can go to the official website to check the regional outlets. It is much more convenient to have outlets nearby.
How to withdraw cash with a credit card?
There are many correct ways to withdraw money from a credit card, such as ATM withdrawal, bank counter withdrawal, transferring credit card limit to bank card through mobile banking, online banking, etc. These methods will not cause risk control and are also the correct cash withdrawal methods for credit cards.
In addition to the above methods, credit cards also have indirect cash withdrawal methods. For example, a user uses a credit card to help relatives and friends buy things online. After receiving the things, the relatives and friends will pay cash to the user, which is considered a successful withdrawal. Of course there are risks with this approach, friends may owe you money.
There are two ways to withdraw money by credit card.
1. When withdrawing cash by credit card, it depends on whether your credit card has the cash withdrawal function. Generally, credit cards have cash withdrawal limits, and you can withdraw cash directly at an ATM or counter.
If there is no cash withdrawal amount, then if you want to withdraw cash, you can do so in two ways. The first is to use the credit card APP or call customer service to ask for the cash withdrawal amount.
The second method is to swipe T with a credit card machine.
Due to the convenient payment methods of credit cards, there are more and more credit card users, so the phenomenon of cashing out on credit cards is increasing. So how do you withdraw money from your credit card? I tell you. 1. Credit card cash withdrawals require payment of handling fees and interest. The cash withdrawal fee is generally 0.5% of the cash withdrawal amount, and the interest is calculated on a daily basis, and the daily interest rate is about 0.05%. 2. Withdraw the excess money from the credit card and transfer it to my savings card. This time it is not free and a certain handling fee is required, usually 0.5%-3%. 3. You can also transfer money to the UnionPay passbook of any bank at designated bank ATMs in designated cities, but you must have a debit card from that bank and open one of telephone banking, online banking, and mobile banking. 4. The cash installment limit is also different depending on the cardholder's credit limit and card usage history. After the cash installment is successfully processed, the money will be transferred to the debit card in the name of the cardholder. 5. Credit cards must be used rationally and repaid in a timely manner, because seriously overdue credit cards will be included in the conference blacklist. This can do more harm than good. Please remember. Simply put it is 1. Overpayment Transfer 2. Direct credit card transfer. Cash installment transfer.
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How to withdraw cash from a China Merchants Bank credit card?
If it is a China Merchants Bank credit card, you can use the financial installment function of the Palm Life APP to transfer the money to the debit card in your name, which will be counted as a cash withdrawal, and the collection procedures are fees and interest.
The handling fee for domestic RMB cash advances is 1% of the amount of each cash withdrawal, with a minimum charge of RMB 10 per transaction; the handling fee for overseas cash advances is 3% of the amount of each cash withdrawal, with a minimum charge of RMB 10 for each transaction 3 USD or 30 RMB (minimum charge for American Express-Centurion Black Gold Card and American Express-Centurion Platinum Card is 5 USD or 30 RMB per transaction).
There is no inter-bank handling fee for cash advance.
Cash advances do not enjoy interest-free repayment. From the day of cash withdrawal to the date of repayment, interest will be charged at a daily rate of 0.05%, and compound interest will be charged on a monthly basis. PS: The handling fee for credit card cash advances does not accrue interest.
China Merchants Bank was established in Shekou, Shenzhen in 1987. It is the first joint-stock commercial bank in China that is completely owned by corporate legal persons. It is also the first pilot project of the country to promote banking industry reform from outside the system. bank.
Since it was first shortlisted for the Fortune Global 500 in 2012, it has been shortlisted for seven consecutive years. In 2018, it ranked 213th on the Fortune Global 500. On June 26, 2019, eight banks including China Merchants Bank were among the first to launch online enterprise information verification systems. In July 2019, the 2019 Fortune Global 500 was released, ranking 188th.
In November 2019, it ranked 85th on the list of the top 100 Chinese enterprises under the "One Belt, One Road" initiative. In December 2019, China Merchants Bank was selected into the 100 Model Brands at the 2019 China Brand Power Ceremony. On December 18, 2019, it ranked 31st on the People's Daily "China Brand Development Index" 100 list. On January 13, 2020, it was selected into the 2020 Hurun Top Quality Awards. In March 2020, it was selected as the 74th among the top 500 global brands in 2020. In May 2021, it ranked 22nd on the "2021 Forbes Global 2000".
The head office of China Merchants Bank is located in Futian District, Shenzhen City. On April 9, 2002, China Merchants Bank A shares were listed on the Shanghai Stock Exchange. On September 8, 2006, China Merchants Bank began a public offering in Hong Kong, issuing approximately 2.2 billion H shares, raising HK$20 billion, and was listed on the Hong Kong Stock Exchange on September 22.
The net capital exceeds 290 billion and the total assets exceed 4.4 trillion. As of the first half of 2017, China Merchants Bank has more than 1,800 branches at home and abroad, has established service outlets in more than 130 cities in mainland China, has 5 overseas branches and 3 overseas representative offices, and employs more than 70,000 people. In addition, China Merchants Bank also wholly owns China Merchants Bank Financial Leasing Co., Ltd., controls China Merchants Fund Management Co., Ltd., holds 50% of the equity of China Merchants Cigna Life Insurance Co., Ltd., and 50% of the equity of China Merchants United Consumer Finance Company; it is wholly owned in Hong Kong Controls Wing Lung Bank Co., Ltd. and CMB International Financial Holdings Co., Ltd.
China Merchants Bank’s development goal is to become China’s leading retail bank. The all-in-one bank card was launched in July 1995, and China's first online banking all-in-one was launched in September 1999. It has become a widely used online payment tool for many enterprises and e-commerce websites, and has promoted the development of e-commerce in China to a certain extent.
On April 2, 2015, China Merchants Group Co., Ltd. planned a major event. In order to ensure fair information disclosure, protect the interests of investors, and avoid abnormal fluctuations in the company’s stock price, upon the company’s application, the company’s stock price has been suspended since 2015. Trading will be suspended from the opening of the market on April 3. In August 2016, China Merchants Bank ranked 39th among the "Top 500 Chinese Enterprises 2016".
Zhao Yue, the largest private bank in China, has changed his leadership and has taken over as the general manager of the private banking department of China Merchants Bank. The former general manager switched to a foreign bank.
That’s it for the introduction on how to cash out CMB credit cards.