According to Article 8 of the Credit Card Charter of China Merchants Bank (Ninth Edition):

Domestic financial institutions that open a basic deposit account can apply for a business card to the card issuer with the basic deposit account account opening permit issued by the People's Bank of China (if they need to apply for an international business card, they must also have a foreign exchange settlement account). The qualification of the cardholder of the unit card shall be designated and revoked by the unit in writing. The applicant shall bear all debts arising from the unit card according to law.

When applying for a credit card for the first time, the applicant shall fill in the application form correctly, completely and truthfully according to the regulations of the card issuer, sign it in person and submit the relevant certification documents required by the card issuer.

Extended data:

According to Article 10 of the Credit Card Charter of China Merchants Bank (Ninth Edition):

According to the credit status of the applicant, the card issuing institution decides whether to issue a card, whether to require the applicant to provide a guarantee and the way of guarantee, and determines the way and type of obtaining a card, the credit limit of the approved account, the overdraft interest rate of the approved account and the minimum repayment ratio. Application materials that have not been approved by the card issuer will not be returned.

IC cards of some card issuers not only support credit card accounts, but also support electronic cash accounts. Electronic cash account has all or part of the functions of electronic cash account transactions, such as small quick payment, balance inquiry and recharge, but it does not have other payment and settlement functions, such as overdraft, transfer and cash withdrawal.

China Merchants Bank-Credit Card Articles of Association of China Merchants Bank (9th Edition)