What are the current ways to withdraw credit cards from China Merchants Bank? What is the amount?
1. Cash withdrawal limit of China Merchants Bank credit card
The cash advance limit is set according to your card usage. It is included in the credit limit of the credit card. The cumulative cash withdrawal limit generally does not exceed your 50 of the credit limit. For specific limits, please call the 24-hour customer service hotline of China Merchants Bank Credit Card Center or online banking to inquire;
Specific regulations on the cash withdrawal limit of China Merchants Bank credit cards
1. Each domestic card The cumulative daily cash advance (cash withdrawal) amount shall not exceed RMB 2,000;
2. The daily cumulative cash advance (cash withdrawal) amount of each overseas household shall not exceed the equivalent of US$1,000, and the cumulative amount within one month shall not exceed RMB 2,000. If the amount exceeds the equivalent value of US$5,000, the cumulative amount within 6 months shall not exceed the equivalent value of US$10,000.
2. Cash withdrawal method using China Merchants Bank’s credit card
1. Cash withdrawal method using China Merchants Bank’s credit card – cash withdrawal at branch counters
In China, you can withdraw cash at any of China Merchants Bank’s branches At branch counters, you can withdraw RMB cash with your credit card and transaction password; overseas, you can withdraw local currency at bank counters with VISA, MasterCard or JCB logos with your valid ID and credit card.
2. One of the methods for withdrawing cash from China Merchants Bank credit cards - withdrawing cash from ATMs
In China, you can withdraw cash from China Merchants Bank’s ATMs or other banks’ ATMs with the UnionPay logo. Use the transaction password to withdraw RMB cash; overseas, you can use the transaction password to withdraw local currency at an ATM with the VISA, MasterCard or JCB logo.
3. The method of withdrawing cash from China Merchants Bank's credit card - cash advance by phone
Cash advance by phone is a channel for China Merchants Bank's credit card cash advance business. You can call the customer service hotline , after completing the identity verification, press 4 and then 2 to perform the cash advance operation over the phone. After the transaction is successful, the amount you specify can be transferred from your credit card to your CMB All-in-One Card current account in real time.
4. One of the methods of withdrawing cash from China Merchants Bank credit card - online banking cash advance
As long as you hold both a China Merchants Bank credit card and an all-in-one card, you can log in to China Merchants Bank Credit Card Online Banking and select an account. Manage → Cash advance, follow the system prompts, and the money you need will be immediately transferred from your credit card account to the all-in-one card account in your name.
How to withdraw cash from China Merchants Bank Credit Card ATM?
To withdraw cash with a China Merchants Bank credit card, you only need to bring your bank card to the CMB ATM machine and enter the transaction password to withdraw money. However, after withdrawing cash with a credit card, you will not enjoy interest-free, and you cannot make installment repayments. You need to Pay off the money in one lump sum on the billing day
Comprehensive guide to withdrawing cash from China Merchants Bank credit cards
I have experienced the rapid development of the e-commerce industry, and the size of the credit card market has also continued to rise. Since there are up to 56 credit card users The "interest-free consumption" period of 10 days is equivalent to obtaining an interest-free loan, which is very tempting and especially convenient to use. More and more people are beginning to use credit cards, and cardholders enjoy the convenience brought by credit cards, but many people have become card slaves dragged away by credit cards. Of course, it is common to withdraw cash in an emergency. Almost everyone has had the experience of withdrawing cash, and many people have suffered losses because they did not understand the reason. Taking China Merchants Bank as an example below, what is the cash withdrawal limit of China Merchants Bank’s credit card? What are the methods for withdrawing cash with China Merchants Bank credit card? What is the handling fee for CMB credit card cash withdrawal? How to calculate the interest on cash withdrawal with China Merchants Bank credit card?
1. CMB credit card cash withdrawal limit
1. The cash advance limit is generally 50% of the credit limit (except for cards with special regulations). If your RMB account credit limit is 10,000 yuan, the amount you can overdraft and withdraw cash is 5,000 yuan.
2. The daily cumulative cash advance amount of each domestic card is RMB 2,000; the daily cumulative cash advance amount of each household for overseas non-UnionPay lines does not exceed the equivalent of US$1,000, and the total amount is accumulated within 1 month. The amount does not exceed the equivalent of US$5,000, and the cumulative amount within 6 months does not exceed the equivalent of US$10,000.
2. How to withdraw cash with China Merchants Bank credit card
1. Advance cash from ATM machines
In China, you can go to the ATM machines of China Merchants Bank or those with the UnionPay logo. You can use the transaction password to withdraw RMB cash from the ATMs of other banks; overseas, you can use the transaction password to withdraw local currency at ATMs with the VISA, MasterCard or JCB logo.
2. Cash advance at bank counters
In China, you can withdraw RMB cash at the counter of any China Merchants Bank branch with your credit card and transaction password; overseas, you can withdraw cash in RMB at Youweishi (VISA) or MasterCard (MasterCard) or JCB logo bank counter, with valid ID and credit card to withdraw local currency.
3. Cash advance by phone
As long as you hold a China Merchants Bank credit card and an all-in-one card, you can call the credit card’s 24-hour customer service hotline: 400-820-5555 and follow the voice prompts. The money you need is immediately transferred from your credit card account to the All-in-One Card account in your name.
4. Online banking cash advance
As long as you hold a China Merchants Bank credit card and an all-in-one card, you can log in to our credit card online banking and select Account Management → Cash Advance. According to the system Prompt operation, the money you need will be immediately transferred from your credit card account to the All-in-One Card account in your name.
3. CMB credit card cash withdrawal handling fee
1. Domestic overdraft cash withdrawal handling fee
Domestic charges are based on 1% of the transaction amount, with a minimum of RMB 10. Among them, young card, city card, and QQ membership card co-branded card are free of charge for the first cash withdrawal every month.
2. Overseas overdraft cash withdrawal handling fee
Overseas cash withdrawal is charged at 3% of the transaction amount, with a minimum of RMB 30 or US$3 (including Hong Kong, Macao and Taiwan).
3. Overpayment retrieval handling fee
The charge ratio is 5‰ of the cash withdrawal amount, with a minimum of 5 yuan or 1 US dollar and a maximum of 50 yuan or 10 US dollars.
IV. Interest rates for cash withdrawals from China Merchants Bank’s credit cards
1. Interest rates for cash withdrawals from China Merchants Bank’s credit cards
The interest rates for cash withdrawals from China Merchants Bank are calculated based on the expected year from the date of withdrawal. Overdraft cash withdrawal interest will be charged at an interest rate of 0.05% on a daily basis until the cash withdrawal amount, cash withdrawal handling fee and cash withdrawal interest are paid off in full, and compound interest will be charged on a daily basis.
2. Example of interest calculation for cash withdrawals from China Merchants Bank’s credit cards
Xiaohua’s bill date is the 6th of each month, and the due date for repayment is the 26th of each month; her credit card, cash withdrawals do not Any discount, on November 12, she withdrew 2,000 yuan in cash from our bank's ATM; if Xiaohua plans to pay off the transaction on December 21, the amount she needs to repay = 2,060 yuan, and the calculation method is as follows:
Cash withdrawal amount: 2,000 yuan
Handling fee: 2,000 yuan×1=20 yuan
Cyclic interest: 2,000 yuan×0.05×40 days (accounting day to the repayment date) = 40 yuan
(The cost of cash withdrawal is still quite high)
Tips on CMB credit cards
How to check the bill
Bill inquiry method: Log in to credit card online banking, and click "Account Management" → "Bill Inquiry".
Mobile banking inquiry: Log in to credit card mobile banking and enter "Account Management" → "Issued Bill Inquiry".
Pocket Life Inquiry: Log in to the Palm Life client, enter "Bill Repayment" → "Bill Inquiry" on the IOS system mobile phone; enter "Card Service" → "Bill Repayment" on the Android system mobile phone.
Telephone voice inquiry: Call the credit card service hotline, verify your identity, and press 1 to enter "Bill Inquiry and Bill Installment Application".
Explanation of billing terms
Billing date and repayment due date
In each bill, the expiration date for recorded credit card transactions is called the "bill date" . The due date for repayment is generally around the 18th day after the bill date (as shown on the bill).
The billing dates of different cardholders may be different. For example, if the billing date is the 25th of each month, then each bill will record all transactions entered from the 26th of the previous month to the 25th of this month. The corresponding final repayment date is the 13th of the following month. Consumption on the 25th is generally not recorded until the 26th, and will be included in the next period's bill.
Transaction date and recording date
The transaction date is the actual date of each credit card transaction, and the recording date is generally the day after the transaction date. Transactions recorded after the "bill date" belong to the next period's bill. Transactions that are "unbilled" can be queried in the "Account Management" column of online banking.
Replacement of bills
Replacement of bills by email: Log in to credit card online banking and click "Account Management" → "Inquiry of Issued Bills" to resend 12 months of bills.
Resend paper bills: Call the credit card service hotline, verify your identity, press 1, and then press 7 to resend 12 months of bills.
(Student card customers do not have paper bills)
Apply for electronic bills
Apply for electronic bills (bill delivery method setting): Our bank will choose according to your choice The bill delivery method will send you paper bills or electronic bills by email every month. You can also log in to online banking to check your bills at any time. Choose electronic billing, fast, convenient, green and environmentally friendly! It is recommended that you cancel paper bills and choose electronic bills.
Set the bill delivery method: Log in to credit card online banking and click "Account Management" → "Bill Delivery Method Settings".
Phone voice settings: Call the credit card service hotline, after completing the identity verification, press 3 and then 4 to enter "Modify bill delivery method".
Interactive SMS settings: Edit the "last four digits of #DZ# ID card" to 1065795555 for mobile users and 95555 for China Unicom and Telecom users to receive only electronic bills. (You must use the cardholder’s mobile phone number left in our credit card center)
With this guide, everyone must have a thorough knowledge of cash withdrawals with their CMB credit cards. From now on, you can use your own CMB credit cards When withdrawing cash, you will never be confused again. Finally, I would like to remind everyone that when using a credit card, whether you are swiping the card or withdrawing cash, you must be aware of various charging indicators and usage ranges, so as to avoid suffering losses!
How to withdraw cash from China Merchants Credit Card to bank card
There are many correct ways to withdraw money from credit card, such as ATM withdrawal, bank counter withdrawal, and transferring the credit card limit to bank card through mobile banking and online banking. wait. 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 domestic RMB cash advance fee is RMB 1 of the amount of each cash withdrawal, with a minimum charge of RMB 10 per transaction; the overseas cash advance fee is RMB 3 of the amount of each cash withdrawal, with a minimum charge of US$3 per transaction. or RMB 30 (the minimum charge for American Express-Centurion Black Gold Card and American Express-Centurion Platinum Card is US$5 or RMB 30 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 processing 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., holds a controlling stake in China Merchants Fund Management Co., Ltd., holds a 50% stake in China Merchants Cigna Life Insurance Co., Ltd., and a 50% stake in China Merchants United Consumer Finance Company; it wholly owns Wing Lung in Hong Kong Bank Limited and CMB International Financial Holdings Limited.
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 China's e-commerce to a certain extent.
On April 2, 2015, China Merchants Group Co., Ltd. planned a major event. In order to ensure fair information disclosure, safeguard 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.
What are the existing channels for CMB credit cards?
There are four channels for CMB credit card withdrawals. Cash withdrawals from ATMs and counters can get cash immediately, and cash advances via telephone and online banking can transfer funds to relevant cards.
? ATM credit card cash withdrawal
In China, you can withdraw RMB cash with the transaction password at the ATMs of China Merchants Bank or other banks with the UnionPay logo; overseas, you can withdraw RMB cash at the ATMs with the Visa ( At an ATM machine with VISA, MasterCard or JCB logo, you can withdraw local currency with the card with the corresponding logo and the transaction password.
? Cash withdrawal by credit card at bank counter
In China, you can withdraw RMB cash at the counter of any China Merchants Bank branch with your credit card and transaction password; overseas, you can withdraw cash in RMB at any bank counter with VISA or MasterCard or At the bank counter with the JCB logo, you can withdraw local currency with a valid ID and a credit card with the corresponding logo.
? Cash advance by phone
As long as you hold both a China Merchants Bank credit card and an all-in-one card in your name, you can call the credit card’s 24-hour customer service hotline 4008205555 and follow the voice prompts, and the money you need will be immediately debited from your credit card The account is transferred to the all-in-one card account under your name.
? Online banking cash advance
As long as you hold both a China Merchants Bank credit card and an all-in-one card in your name, you can log in to our credit card online banking, select installment financing → cash advance, and select the corresponding card operation. You need The amount will be immediately transferred from your credit card account to the All-in-One Card account in your name.
That’s it for the introduction of how to withdraw cash with China Merchants Credit Card.