Advantages and Disadvantages of China Merchants Bank Credit Card
Advantages of China Merchants Bank Credit Card:
1. The application threshold is extremely low, points are permanently valid; there are many special merchants; there are many co-branded cards;< /p>
2. Online banking has powerful functions, is easy to operate, and supports Alipay;
3. There are often value-for-money group buying products, and there are many activities and tricks;
4. The all-in-one card has good functions and is good in all aspects of financial management;
5. All cards are combined into one bill (convenient for repayment);
6. There are many types of cards and beautiful designs;
7. There is a 48-hour "card loss protection"; 800 is easy to connect and the service is good;
8. Installment shopping is convenient, and the installment does not occupy the quota;
9. There are bill installments;
10. The success rate of credit card swiping is high.
Disadvantages of China Merchants Bank’s credit card:
1. The interest-free period is the shortest among all card issuers, with the shortest being 18 days;
2. The points policy is very inhumane (20 One point per dollar, excluding zero);
3. No SMS reminder for small-amount consumption;
4. All cards combined into one bill (not flexible);
5. The online payment limit is too low and points are not calculated.
Summary: China Merchants Bank’s credit card combines the security of a large bank with the services of a small bank. It is a must-have choice for card users. The premise is that you don't value points. We hope that China Merchants Bank credit card holders can refer to the above knowledge and use China Merchants Bank’s credit cards to their full potential!
Extended information:
Tips for maintaining credit cards:
1 . The number of card swipes for a single card is more than 5 times per week and more than 20 times per month. Reasonable increments every month, 25-30 transactions per month is optimal.
2. The amount of card swiping should be small combined with large purchases. If it is all trivial and small purchases, the bank will not treat you as a high-quality customer. Only frequent large purchases can prove your consumption level.
3. Be careful not to empty out the credit limit in large amounts as soon as the bill comes out. Basically, this is the only time you empty out, and you will be risk controlled by the bank immediately. And after March, risk control has become more and more strict, so don’t seek death.
4. It is best not to spend more than 50% of the total amount of the card in a single transaction. Of course, even if the limit is low, even if it is all real consumption, it is best not to use up the limit all at once.
5. 1-2 transactions per day for a single card is best. The interval between swiping the same card must be at least 3 hours. The interval between swiping different cards should be more than 5 minutes.
6. It is strictly forbidden for anyone to check the balance on the POS machine before swiping the card. This is a gift.
7. Don’t always use the last digit of 0, 6, 8, or 9 when swiping your card. Do not swipe the card with the same last three digits, such as 5222 or 8000.
8. Occasional installments, especially when banks take the initiative to call and request installments, basically involve spending money to increase the amount. If you want a limit, you must agree to the installment plan. You can try a small amount for a short period of time.
9. Try not to empty the card, leaving about 10%-20%. Some commercial banks have low credit limits and can be increased by maxing out, but it is best to use real and high-quality consumption.
10. Try to swipe your card between 9 a.m. and 10 p.m., and try not to swipe your card at other times.
11. If a card swipe fails once, do not try to swipe a low-amount card again. Even if it succeeds, the risk is too high, so you must know the remaining balance of the card in real time.
12. If the card is used for more than half a year, there are transactions every month, and repayments are made on time, the success rate of basic limit increase is higher. Generally, you can apply for the first withdrawal after half a year, and then once every three months. You must take the initiative to apply.
13. Overseas consumption is very helpful in increasing your credit limit. If you can go abroad or go shopping with friends, classmates, colleagues, etc., be sure to bring your credit card and use it vigorously. Moreover, there are too many overseas activities, various cashbacks, and points doubled, so it is easy to get more when you swipe your card.
14. If you are eligible for a temporary quota, use the temporary quota. Except for the four major banks, it is generally easier to convert the temporary quota to a fixed quota. Of course, remember the temporary quota rules and don’t get stuck.
15. If you have spare money, make a fixed deposit or something in the bank, commonly known as moving bricks. This is the best way to increase your balance.
16. If you have done a lot but can’t get enough credit, it’s time to try the freezing method. Stop using it completely, or pretend to cancel the card.
What are the benefits of China Merchants Bank’s credit card?
The benefits of China Merchants Bank’s credit card are as follows:
1. Credit cards mainly allow you to consume first and then repay, using bank funds to consume in advance. , enjoy the interest-free period, which is a way of financial management.
2. A credit card is not a savings card, and interest will not be settled on deposits placed in the credit card.
3. Credit cards can be used as payment tools and can be consumed directly through card-swiping POS machines or online payment platforms installed by merchants.
4. The bank will also provide you with various forms of points, discounts, installments, draws, promotions and other activities.
5. Credit cards are still the main international payment tool. You can shop conveniently overseas and on international websites. If you are staying in a hotel on a business trip, only a credit card can complete the hotel pre-authorization for you.
On December 3, 2002, China Merchants Bank officially issued the first international standard dual-currency credit card in China, ushering in a new era of credit card consumption for Chinese people. After more than ten years of struggle and growth, China Merchants Bank Credit Card has formed three major visions: "to be China's best payment experience provider, to be China's best consumer finance expert, and to be China's leading diversified marketing platform". At the same time, it has also Won many honors.
Adhering to China Merchants Bank’s business philosophy of “Changing because of you”, China Merchants Bank Credit Card has continuously refreshed cardholders’ card experience through product innovation and service upgrades, becoming a leading brand in the credit card industry.
In recent years, China Merchants Bank Credit Card has actively pursued digital transformation, forged ahead with determination, pioneered the construction of the financial Internet, and created a technological legend in the domestic credit card industry.
From 2002 to 2020, the development process of China Merchants Bank's credit cards can be summarized into three stages, namely "starting a business", "creating leadership" and "strategic transformation".
On December 3, 2002, China Merchants Bank launched China’s first “one card, two currencies” credit card that complies with international standards.
In June 2004, China Merchants Bank took the lead among its peers in credit card issuance to exceed one million.
In the face of increasingly fierce market competition, China Merchants Bank Credit Card has accelerated its scale expansion and continuously refreshed the domestic dual-currency card issuance record. In April 2006, China Merchants Bank's credit card took the lead in entering the 5 million echelon of credit cards issued.
In December of the same year, the number of cards issued reached 10 million, marking a new chapter in the development of China's credit card market. The leap-forward development of China Merchants Bank's credit cards has attracted the attention of the industry at home and abroad, and it has been included in the MBA case library of Harvard Business School in the United States.
Is China Merchants Bank’s credit card any good?
Advantages of China Merchants Bank Credit Card:
※The application threshold is extremely low, and the points are permanently valid;
※There are many special merchants;
※Co-branded card Many;
※Online banking has strong functions, easy operation, and supports Alipay;
※There are often value-for-money group buying products, and there are many activities and tricks;
※ The one-card function is easier to use;
※All cards are combined into one bill (convenient for repayment);
※There are many types of cards and beautiful designs;
※Yes 48-hour "card loss protection";
※800 is easy to connect and the service is good;
※Instalment shopping is convenient, and installments do not count against the quota;
※There is bill installment;
※The success rate of credit card swiping is high.
Disadvantages of China Merchants Bank Credit Card:
※The points policy is not ideal (20 yuan earns one point, not counting zero);
※There is no SMS reminder for small-amount purchases. ;
※All cards are combined into one bill (not flexible);
※The online payment limit is too low, and points are not calculated.
Chinese Merchants Bank credit card is suitable for friends who value service more than points. Every time you increase the limit, you have to take the initiative. CMB's credit card does not have a password. Although the limit is high, the risk is also high.
Is China Merchants Bank credit card good? What are the advantages?
Among the credit cards of many banks, the China Merchants Bank Credit Card is still a very good credit card among many users. In the process of using China Merchants Bank Credit Card, I personally feel that China Merchants Bank Credit Card not only increases the limit faster, but also has a looser review of applicants, making it easier to apply for the card. In addition, China Merchants Bank's installment function is so powerful that even cars can be purchased in installments, so it is very trusted by users.
Advantages of China Merchants Bank Credit Card. The first is that it is easy to place the card. When people apply for a China Merchants Bank credit card, it is generally easier to get accepted. After passing the initial review, the card is issued very quickly. This is one of the advantages of China Merchants Bank. Secondly, the credit limit is increased quickly. Compared with other banks, China Merchants Bank has also done a very good job in increasing the limit. As long as you maintain a good consumption record, the credit card limit of China Merchants Bank can be increased very quickly. This is also a huge advantage of China Merchants Bank; finally, the installment function is powerful. The installment function of China Merchants Bank is also very powerful. China Merchants Bank can not only buy cars in installments, but also give up the purchase of various commodities. The installment function is indeed very powerful.
1. It is easy to remove the card.
Compared with other credit cards, China Merchants Bank is indeed relatively relaxed in application and review. Many people can succeed when they apply for the first time, and the card processing speed is also very fast. Users of China Merchants Bank credit cards are well aware of this.
2. The quota increase is relatively fast.
When using a credit card, what people pay most attention to is the credit limit. China Merchants Bank's credit card can increase the limit relatively quickly during use. This is also an advantage of China Merchants Bank's credit card. China Merchants Bank's credit card has also received support from users because of this.
3. The staging function is powerful.
The installment function of China Merchants Bank Credit Card is indeed very powerful. Using China Merchants Bank Credit Card can not only use the installment function when purchasing many goods. Cars can also be purchased for installment. This shows the powerful installment function of China Merchants Bank.
Let’s stop here to introduce why China Merchants Credit Card is good.