China Merchants Installment Card includes China Merchants Bank Exclusive Consumption Installment Card and China Merchants Bank Platinum Installment Card.

1. China Merchants Bank’s exclusive consumption installment card is a credit card, which means that it is a card that can be overdrafted. It does not support cash advance and does not accumulate points for transactions. It is a special installment card. After the cardholder uses it, the installments will be automatically completed, and the principal and handling fees will be incurred for repayment in installments.

2. The China Merchants Bank Platinum Installment Card is a UnionPay single-currency card that has the basic functions of a China Merchants Bank personal credit card. It also has a consumption summary and automatic installment function, allowing users to enjoy lower rates. The Platinum Installment Card is only available to specially invited customers. China Merchants Bank will invite customers from time to time through phone calls, text messages, WeChat, Mobile Life, etc.

It is positioned in the high-end platinum card series of China Merchants Bank. It only issues one card face and maintains the consistent silver tone of the platinum card. This product is UnionPay brand and can be used on domestic and foreign UnionPay lines.

Product features:

(1) The high-deposit automatic installment UnionPay Premium Platinum Installment Credit Card (referred to as the "Instalment Card") has an independent credit limit, with a minimum of RMB 60,000. The maximum amount can be RMB 300,000 and can be used separately from other China Merchants Bank personal credit cards. Within the card limit, if the total monthly new consumption exceeds RMB 300 (inclusive), the system will automatically handle installments for the customer, and the consumption amount can be repaid in installments starting from the current month. The number of automatic installments is 3, 6, 10, 12, 18, and 24, which can be selected by the customer and can be modified once every six months.

(2) Installment fee discount UnionPay Premium Platinum Installment Credit Card (referred to as "Instalment Card") can enjoy the following preferential rates for automatic installments that occur before December 31, 2013 (inclusive) : The installment handling fee is charged on a monthly basis. If the customer settles the installment automatically in advance, the remaining principal and handling fee will be charged in one go.

(3) The points for the installment amount are doubled. The UnionPay Premium Platinum Installment Credit Card (referred to as the "Instalment Card") gives double points for the amount automatically deposited into the account in each installment, that is, every RMB 20 automatically deposited into the account can be credited. Accumulate 2 China Merchants Bank standard points, and the original transaction of general card consumption will no longer accumulate points.