Hello, yes, ATM credit card transfer is equivalent to a cash advance. You can transfer funds to a UnionPay card of any bank (not limited to your own name). There are limits on the transfer limit, handling fees and interest. The charge is consistent with a cash advance.

Handling fee: The handling fee for domestic RMB cash advance is 1% of the amount of each cash withdrawal, with a minimum charge of RMB 10 per transaction; the handling fee for overseas cash advance is 3% of the amount of each cash withdrawal, with a minimum The fee is USD 3 or RMB 30 per transaction (the minimum charge for American Express-Centurion Black Gold Card and American Express-Centurion Platinum Card is USD 5 or RMB 30 per transaction). There is no inter-bank handling fee for cash advance.

Interest: Cash advance does not enjoy interest-free repayment. From the day of cash withdrawal to the date of settlement, interest will be charged at a daily interest rate of 5/10,000, and compound interest will be charged on a monthly basis.

If you have any other questions about China Merchants Bank’s credit card, you can add the credit card QQ corporate customer service (4008205555) or WeChat (China Merchants Bank Credit Card Center) for consultation. Thank you for your attention and support to China Merchants Bank!