How to withdraw the overpayment from China Merchants Bank’s credit card? How to transfer out?

Many cardholders overpay when repaying their credit cards, and this part of the money that exceeds the credit limit becomes an overpayment. Like all banks, the overpayment in China Merchants Bank's credit card can be withdrawn and transferred to other people's savings cards by transfer, but a certain handling fee will be charged. Let's take a look.

The so-called overpayment refers to the money that cardholders pay overtime when repaying, or the money that is put into the credit card when the credit limit is insufficient when swiping the card. If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft.

1. How to withdraw the overpayment from China Merchants Bank’s credit card

If you want to withdraw the overpayment from your credit card, you can use Palm Life APP, Mobile Banking APP (Pad Bank), Online banking and customer service phone voice systems can transfer funds to the debit card of our bank or other banks in your name in real time.

Operation methods:

1. Cash advance on Palm Life: Log in to the Palm Life app, enter "Selection" → "Instalment Management", and click "Overdraft Transfer".

2. Mobile banking cash advance: Log in to the credit card mobile banking app, enter "My", enter your password to log in, and click "Credit Card" → "Instalment Management" → "Overdraft Transfer".

3. Online banking cash advance: Log in to credit card online banking and click "Instalment Management" → "Overdraft Transfer".

4. Telephone cash advance: Call the credit card service hotline, after verifying your identity, press 4, then 2 to enter "telephone cash advance".

2. How to charge for overpayment on credit card of China Merchants Bank

It is difficult to deposit overpayment on credit card, and it is not so easy to withdraw it. If you want to withdraw it, you will be charged a handling fee.

. The overpayment recovery account must be consistent with the credit card account name. The handling fee is charged at 0.5% of the cash withdrawal amount. The minimum fee is ￥5 yuan or $1 USD. China Merchants Bank has preferential policies, and the maximum fee is ￥50 yuan or $1. $10 USD.

What should I do if I pay over 5,000 on my credit card?

1. If it is a China Merchants Bank credit card, if there is no debt, you can repay the credit card more, or after binding the credit card for automatic repayment, make manual repayment on the repayment date. This overpayment will be The amount of the repayment can be used by credit card, online payment, etc. or the overpayment can be claimed after 2 days of repayment.

2. If your credit card has a balance, the transferred amount will automatically be deducted from the credit card balance.

3. To claim back the overpayment of the credit card, the charges include:

1. Free of charge through the Palm Life client;

2. For manual redemption over the phone, the handling fee is 0.5% of the amount claimed, with a minimum of RMB 5 or US$1 per transaction. Currently, our bank has launched a discount, with a maximum charge of RMB 50 or US$10 per transaction;

3 . If you withdraw the overpayment through the cash advance channel, you will be charged a cash advance fee;

4. For commercial card holders, it is free to receive the all-in-one bank card back to you.