The annual fee for China Merchants Bank’s credit card will be waived in the first year, and the annual fee will be waived after using it a certain number of times.
With the Platinum Card of CMB, the annual fee is waived for the first year, and the annual fee is waived for the following year if it is used 6 times in the same year, so cardholders don’t have to worry, CMB’s online consumption is also considered as annual fee-free consumption. For example, it counts if you pay yourself 6 phone calls, or you can apply for a city card, which will exempt you from the cash withdrawal fees at any bank ATM in the country every month. For example, if you are from Harbin, you can use the China Merchants Bank card to withdraw cash at the Guangzhou Pudong Development Bank ATM. , one monthly handling fee is waived.
If you successfully apply for a China Merchants Bank credit card (except unlimited card/platinum card/business card/VOGUE titanium card/HELLOKITTY fan gold card/MISS KITTY perfume credit card), the annual fee for the first year will be borne by the China Merchants Bank credit card or cooperative Partners will provide you with advanced payment exemptions. If you make 6 purchases with a single card (no limit on amount or form) within a full year of card validity (from the date of card issuance, not a natural year), you can reduce the annual fee of the card for the following year. And until the new annual fee discount policy changes are notified, this discount will be valid for a long time.
Extended information
Credit card installment payment is even more effective in satisfying consumers’ desire to consume in advance. Choosing installment payment allows consumers who want to buy iPhone6 ??but are short of money to save themselves. of kidney. Compared with the cumbersome procedures of personal unsecured loans from banks, credit card installments are more convenient. However, in fact, credit card installments are "interest-free but not free", and the high handling fees are actually not cost-effective.
For example, the current 12-month installment fee charged by banks is around 7.2%. Assuming that a bill of 12,000 yuan needs to be divided into 12 installments, then not only the principal must be repaid every month 1,000 yuan, and the handling fee for the overall installment amount, that is, 12,000×7.2%/12=72 yuan. But we often overlook one thing. The funds after installments are occupied in stages. We actually only used the funds for the first installment for one month, and the funds for the second installment for only two months. And we only used the funds for each installment. The handling fees paid are calculated based on the annual interest rate of 7.2%.
To sum up, the real interest rate of the 12-month installment of RMB 12,000 is much higher than we imagined. According to calculations by analysts at Yinsu.com, its actual annual interest rate is as high as 22.34%. Therefore, there is a cost for installment payment. Generally, the higher the amount and the number of installments, the higher the handling fee.
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