China Merchants Bank YOUNG Card Limit
The China Merchants Bank YOUNG Card limit is generally divided into three levels, regular card 3,000-10,000 yuan, gold card 10,000-50,000 yuan, and platinum card 50,000 yuan or more. CMB YOUNG Card is a RMB credit card launched by China Merchants Bank that can only be applied for by non-student customers under the age of 30. The main features are that the cash advance limit is 100% of the credit card limit; points are doubled in the birthday month.
Chinese citizens who are between 18 and 30 years old, have full capacity for civil conduct, have legal and stable income, and foreigners and compatriots from Hong Kong, Macao and Taiwan who have the right of residence in China can apply locally. China Merchants Bank YOUNG card. You can also apply for supplementary cards for your immediate family members who are over 16 years old. There can be no more than 4 supplementary cards in one household.
The annual fee for China Merchants Bank YOUNG Card White Youth Edition (UnionPay): 300 yuan (waived for the first year, and swiped the card 6 times for the next year), and the annual fee for the supplementary card is 150 yuan. China Merchants Bank YOUNG Card MasterCard Credit Card Annual Fee: 100 yuan (waived in the first year, and swiped the card 6 times for the next year). China Merchants Bank YOUNG Card VISA credit card annual fee: 100 yuan (waived for the first year, swiped the card 6 times for the next year).
Minimum repayment for China Merchants Bank YOUNG Card: the minimum repayment is 10% of the amount owed.
The billing dates of China Merchants Bank YOUNG Card: 5th, 7th, 10th, 12th, 15th, 17th, 20th, 22nd and 25th of each month are the billing dates. You can adjust the billing date after opening the card, and you can adjust the billing date after half a year. Change it once.
Advantages and Disadvantages of CMB Young Card
Advantages of CMB Young Card:
1. The cash withdrawal limit is 100% of the credit card limit, and the daily cash withdrawal limit is RMB 2,000 , the first cash withdrawal in each calendar month is free of charge. Starting from the second transaction, only 1% of the transaction amount and a minimum of 10 yuan/transaction will be charged as a domestic handling fee.
2. There are no restrictions on installments. You can repay in installments after the bill is issued. You can also choose a longer interest-free period. There are more options for the installment amount and number of installments. Simply log in to credit card online banking or call the credit card customer service hotline to apply for bill installment and repay the consumption amount in the bill in monthly installments. Bill installments are interest-free and only handling fees are charged.
3. Credit card security is high: "Signature" or "Signature Password" are two verification methods for card consumption, and instant reminders of SMS consumption ensure card security.
Disadvantages:
1. It is difficult to earn credit card points, and the points are not valuable. Compared with the points policies of other banks, they are poor.
2. The interest-free period is very short. China Merchants Bank’s interest-free period is the shortest among all card issuers, with the shortest being 18 days.
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 Cards continue to refresh 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.
In 2002, China Merchants Bank realized integrated and professional credit card services and became a pioneer in China's credit card market. Since the issuance of China's first "one card, two currencies" credit card that meets international standards in December of the same year, it has achieved a series of remarkable results.
The China Merchants Bank Credit Card Center adopts nationwide centralized operations and is the first credit card center in China that operates independently in full compliance with international standards, truly realizing integrated and professional credit card services. While refreshing credit card records one by one, China Merchants Bank Credit Card adheres to the service concept and innovative spirit of "changing because of you", actively explores the market, expands market alliances, and deepens market segmentation. The functions and services of credit cards are increasingly enriched and improved. It is China's One of the most innovative joint-stock commercial banks.
Since the launch of the credit card business at the end of 2002, it was the first to launch the "swipe the card to buy air tickets and receive millions of dollars in aviation insurance", the first to launch the "overseas consumption, repayment in RMB" business, and led the industry in launching interest-free credit card services Installment payment business, and was the first in the industry to launch innovative functional measures such as "SMS transaction reminder" and "Lost Card Protection". In addition, the country's first permanent points validity system and international 24-hour roadside assistance service have gradually become the service standards of the domestic credit card industry.
In terms of product and service innovation, China Merchants Bank Credit Card has created more than a hundred new products and services, adheres to the promotion of cross-industry cooperation model, and has successively cooperated with leading enterprises in different life fields such as department stores, tourism and sports consumption industries. Carry out cooperation to provide cardholders with products and functional services in a dual sense.
In April 2006, China Merchants Bank occupied the largest market share in the industry in terms of card issuance volume, and officially announced that it would take practical actions to create a "five-star credit card"; in September 2007, China Merchants Bank took the lead in proposing The "five-fold security" credit card service concept has consolidated its position as a leading brand in the industry.
How about China Merchants Bank young credit card?
China Merchants Young Card is a credit card issued by China Merchants Bank. The China Merchants Young Card is only open to young users, so it is also called the China Merchants Youth Card. In terms of application requirements, applicants must be at least 18 years old and less than 30 years old (inclusive), and have full civil capacity. Among them, the black youth version can only be applied by non-student customers, and the young card campus version can only be applied by college students.
Advantages of CMB Young Card:
1. The cash withdrawal limit is 100% of the credit card limit, the daily cash withdrawal limit is RMB 2,000, and the first cash withdrawal in each natural month is free of charge. Starting from the second transaction, only 1% of the transaction amount and a minimum of 10 yuan/transaction will be charged as a domestic handling fee.
2. There are no restrictions on installments. You can repay in installments after the bill is issued. You can also choose a longer interest-free period. There are more options for the installment amount and number of installments. Simply log in to credit card online banking or call the credit card customer service hotline to apply for bill installment and repay the consumption amount in the bill in monthly installments. Bill installments are interest-free and only handling fees are charged.
3. Credit card security is high: "Signature" or "Signature Password" are two verification methods for card consumption, and instant reminders of SMS consumption ensure card security.
In general, China Merchants Bank’s young card is recommended for college students/people aged 30 and below.
Conditions for applying for the Youth Edition of CMB Young Card
The Youth Edition of China Merchants Bank Young Card is divided into campus version and non-campus version.
1. Application for campus version: College students who are over 18 years old and under 30 years old (inclusive) can apply. Your credit limit will be temporarily blocked (no limit) until you graduate.
By depositing first and then spending, you can enjoy the normal benefits of CMB credit cards such as dining discounts, movie ticket discounts, and points accumulation, and you can also enjoy the exclusive benefits of campus credit cards such as specific fee exemptions. You can also start accumulating personal credit records during your studies, and you can have the opportunity to enjoy a higher credit limit by switching to a card after graduation.
2. For the non-campus version, please refer to the application method for ordinary credit cards (while you are in school, you can also apply for the non-campus version if you can find a job and can issue a work certificate and income certificate to the bank): < /p>
If you want to apply for a credit card with a relatively large limit (such as a platinum card), you need to provide proof of good financial strength, such as: a copy of the real estate certificate, a copy of the car license (not a driver's license); a bank loan account (Good credit, no more than 60 days overdue) or a copy of the deposit receipt, etc.
Extended information:
The use of CMB young card is different from that of standard credit cards:
1. The overview of the two is different:
1. Overview of CMB Young Card: CMB Young Card is a RMB credit card launched by China Merchants Bank that can only be applied for by non-student customers under the age of 30.
2. Overview of standard credit card: Also called credit card, it is a non-cash payment method and a simple credit service, issued by commercial banks or credit card companies to consumers with qualified credit. Credit certificate.
2. The characteristics of the two are different:
1. Characteristics of CMB young card: After the user activates the online payment function, he can set the cumulative consumption limit by himself. When the consumption reaches the limit, It needs to be reset and the previous accumulated records will be cleared.
2. Characteristics of standard credit cards: Consumers holding credit cards can go to a special commercial service department to shop or consume, and then the bank will make settlements with merchants and cardholders. Cardholders can make purchases within the prescribed limit. overdraft.