1. Take the online application for credit from China Merchants Bank as an example. The specific steps are as follows:

Step 1: Open Baidu search, enter "China Merchants Bank" in the search bar, and find China Merchants Bank after searching. Go to the bank’s official website and click to enter.

Step 2: After entering the official website of China Merchants Bank, find the "Credit Card" item and click to enter.

Step 3: After entering the credit card, find "Apply Card Now" and click to enter.

Step 4: Then find the type of card you are applying for and click Apply Now to enter.

Step 5: Enter the corresponding information after entering.

Step 6: Select the card type to apply for and enter the mobile phone verification code for verification.

Step 7: After passing the verification, agree to the service agreement, and then click Submit Now to complete the entire credit card application process.

Notes:

The over-limit fee is the additional overdraft amount granted by the bank after the cardholder reaches the total credit card overdraft amount, which is usually 10% of the original overdraft amount. The advantage of this is that the cardholder does not need to apply for a temporary increase in the limit or the card cannot be swiped; the disadvantage is that the cardholder has to pay an over-limit fee of 5% exceeding the overdraft limit.

In order to avoid being charged over-limit fees by the bank, some cardholders turn to the bank to apply for a temporary increase in the overdraft limit. The increase is usually 10-20, and the period is usually 1 month. After the specified time, The credit card limit is restored to its original limit.

Therefore, cardholders must clearly note the period of the temporary limit to avoid overdue credit card repayments. In addition, you should also pay attention to the over-limit issue of temporarily increasing the limit: if you use an over-limit overdraft in the second half of a month, it is likely that the over-limit amount will incur over-limit fees.

For example, A’s credit card overdraft limit is 50,000 yuan. On December 20, he applied to the bank to increase the temporary limit by 30,000 yuan, but he did not use the 30,000 yuan until January 15. By January 20, A's credit card overdraft limit was automatically reduced to 50,000 yuan. In fact, A had an overdraft of 80,000 yuan in January. The 30,000 yuan in between will generate an over-limit fee of 5%.

Therefore, before the credit card overdraft limit is automatically reduced to the original limit of 50,000 yuan, the cardholder should first repay the 30,000 yuan and control the unpaid amount within the overdraft limit of 50,000 yuan. , so you can avoid paying over-limit fees.

In view of the large number of card purchases and the large amounts, cardholders should pay special attention to the final repayment date of their credit cards. The last repayment date is the last day of the interest-free repayment period. Repayments before this are interest-free. If the payment is overdue, all consumption payments will no longer enjoy the interest-free repayment treatment. The bank will calculate interest on a daily basis from the day when the consumption occurs, using the consumption amount as the principal. The daily interest rate is 0.5%, compound interest will be calculated on a monthly basis, and late payment fees will be charged. .

Credit card late payment fees refer to the situation where the cardholder’s actual repayment amount is lower than the minimum repayment amount on the due date of the credit card, and the cardholder must pay late payment fees for the unpaid portion of the minimum repayment amount, which is generally the minimum payment amount. 5 of the unpaid portion of the repayment amount, but due to different policies of each bank, the minimum amount set is also different.

Therefore, cardholders with large overdrafts must remember the final repayment date after receiving the bill, and strive to pay off all previous consumption before the due repayment date. If you really have no time to pay, apply for installment repayment as early as possible or adopt the minimum repayment method to avoid penalty interest from the bank.

People without financial income, such as students, should not apply for a credit card easily. Even if they do not use the credit card, they still have to bear the annual fee and other items. People who hold credit cards should give up using their credit cards and go through the card refund procedures in a timely manner. Otherwise, various credit card fees and subsequent interest, late payment fees, etc. will lead to personal economic losses and reduced credit, affecting mortgages, car loans, etc.

Extended information:

Disadvantages of credit cards

1. Credit cards can easily lead to excessive consumption. This is a common problem among people who are in credit card debt. It is painful to swipe a card without paying money, so they spend even more uncontrollably by swiping the card.

2. The annual interest rate of credit cards is as high as 18, which is really a usury and can cause borrowers to lose money quickly.

3. Credit card debt brings mental stress. Some card slaves report that they are often afraid to open their mailbox or mail.

4. If your credit is not good, the cost of borrowing money will be higher, or you may even be unable to borrow money.

5. Credit cards provide a choice of using debt to support debts or drinking poison to quench thirst, causing debts to get out of control.

6. Short-term preferential interest rates are ultimately worth the loss. A certain percentage of people let emergency financing turn into long-term debt. Therefore, don’t be tempted by short-term low interest rates and make unnecessary borrowing.

7. Too much personal credit limit is not only not evidence of good credit (repayment record is), but it is a risk in the eyes of financiers, which may push up the borrowing interest rate.

8. Gifts from reward programs often collect dust in the garage. Instead of spending money to get gifts, it is more cost-effective to save money directly.

Baidu Encyclopedia—Credit Card