Credit cards can save money, but they can't be used like memory cards.
You can deposit money by credit card, but you can only spend it by credit card after deposit, and there is no interest on deposit. Withdrawal is regarded as cash advance by credit card, and a handling fee is charged but no interest is charged. Moreover, according to the regulations of the People's Bank of China, a credit card can only withdraw 2000 yuan or the equivalent RMB every day, such as China Merchants Bank credit card, and interest-free deposit is equivalent to an interest-free debit card.
Credit or debit cards are not recommended as savings cards.
There is no interest, which may cause other expenses, and there are many restrictions on withdrawal.
At present, many banks do not charge for opening savings cards, and deposits above a certain amount are exempt from annual fees. It is suggested that it is more convenient and cost-effective to deposit money with a savings card.
Can China Merchants Bank Credit Card Save Money?
You can save money, but there is no interest.
When the amount deposited in the credit card exceeds all debts under the account, the extra money is called "overpayment" and will be automatically deducted from the credit card consumption.
Cardholders can also call our credit card service hotline and collect the overpayment by transferring the money to the debit card in their own name. The account name and ID number of the debit card used must be the same as the account name and ID number of the credit card, and only China Merchants Bank Card is accepted for the overpayment of USD.
How to get it back: call the credit card service hotline, verify your identity, and press 9 to transfer to the customer service specialist.
Handling fee for recovering the overpayment: 0.5% of the recovered amount, with the lowest 5 yuan RMB or USD 65,438+0 and the highest 50 yuan RMB or USD 65,438+00.
Note: If the overpaid part is withdrawn through the cash advance channel, the cash advance fee will be charged.
Can China Merchants Bank deposit money by credit card?
Sure, but it is not necessary. Because the deposit of China Merchants Bank's credit card will not calculate interest, which is equal to white deposit. The main function of a credit card is to overdraw consumption, not to save money. If you want to save money, you can deposit it in a savings card and calculate the interest.
Because credit cards can be overdrawn, you can spend money without saving money, and you can save money for repayment after consumption. Of course, your quota is not enough. After saving the money, you will temporarily increase the quota, which is enough for consumption.
A credit card can deposit money in it, and the amount deposited is called money. Briefly introduce overpayment:
1. Some banks will charge a handling fee for the overpayment of cash withdrawal, of which the handling fee of Agricultural Bank of China is 65438+ 0% of the cash withdrawal amount, the handling fee of Xingye and Ping An is 0.5%, and the peers of China Industrial and Commercial Bank, Construction Bank, Transportation Bank, People's Livelihood Bank and China Everbright Bank are exempt from handling fees;
2. The overpayment is accumulated on the credit line and will be used first when spending by credit card.
Overpayment in your card will not generate deposit interest.
Extended data
The advantages of credit cards are as follows:
1. You can spend money without overdraft, and you can enjoy an interest-free period of 20-56 days, and you can repay on time without interest.
2. It is not only safe and convenient to swipe your card when shopping, but also a bonus gift.
3. Special merchants who hold cards in banks can enjoy preferential treatment.
4. Accumulate personal credit, add a credit record to your credit file, and benefit for life.
5. National access is barrier-free, and you can withdraw money or swipe your card at ATMs and POS machines with UnionPay logo.
6. Credit card spending, extracting existing points from some credit cards, various discounts and lottery activities throughout the year, so that you can always have surprises as long as you use the card.
7. Mail the statement free of charge every month, so that you can grasp every consumption expenditure transparently.
8. Unique supplementary card function, suitable for husband and wife to jointly manage money or master children's financial expenditure.
9. The free choice of one card and two currencies is popular all over the world, and consumption abroad can repay in RMB.
10.400 telephone or 5-digit short number with prefix of 9 provides 24-hour service, and loss reporting takes effect immediately, with zero risk of card loss.
1 1. It is known that the validity period of domestic credit cards is generally three to five years.
12. Use the third-party platform for business cooperation and provide preferential services for cardholders.
This is the end of the introduction about whether China Merchants Bank credit card can save money and how to save money in China Merchants Bank credit card. I wonder if you have found the information you need?