How to apply for a 1 million credit card?
You can apply for a 1 million platinum credit card at a bank outlet, but you must obtain a recommendation from the bank (the outlet is a branch or sub-branch). Only recommended customers have the chance to receive higher amounts. Aside from a good relationship with your bank, there are only a few ways you can get referrals. The simplest way is to save a sum of money and qualify as a bank VIP customer. After qualifying, you can often get tens or even hundreds of thousands of credit cards. Once you get the card, you can transfer money. You can apply for it by obtaining bank recommendation by purchasing funds or other methods.
If you want to apply for a large credit card, you must fill out the application form as detailed and complete as possible. Regarding the contents of the credit card application form, many applicants skip the non-mandatory items to save trouble. But according to the editor's investigation, the more complete your information is, the higher the bank's approval rate for large-value credit cards will be. There are several items that add the most points. The remaining landline numbers are those for that city. Marital status: Married, local household registration, and own real estate such as real estate or cars. Credit cards can be divided into ordinary cards, gold cards and platinum cards. The so-called high-limit credit cards are generally high-limit platinum cards and diamond cards. Platinum cards and diamond cards are both credit cards with higher credit limits. The credit limits of platinum cards and diamond cards can reach up to 200,000 to 1 million.
1. In fact, the most effective ways to apply for 1 million credit cards are real estate licenses, driver's licenses, high-value insurance policies, etc. In fact, the most important thing is how to reasonably combine certificates, tickets and orders. The right combination of materials will increase the credit limit by nearly 300~800. Provide other materials that can prove your qualifications or qualifications, such as other bank card account opening letters or statements, large time deposit certificates, VIP customer cards of other banks, professional certificates (lawyer certificate, accountant certificate, etc.). Analysis of the essence of bank credit card business: First of all, banks are enterprises that operate funds and obtain profits through the interest rate difference between deposits and loans. As long as it is an enterprise, no matter what type of enterprise, it depends on profits. Banks are in business to make a profit.
2. Secondly, credit card business is one of the many business types of banks and is also a form of bank profitability. The main methods are: interest, late payment fees, installment service fees, merchant contract promotion and installment consumption service fees. Analysis of the psychological game between banks and cardholders: The psychology of banks is very contradictory. On the one hand, they are afraid of risks; on the other hand, they want to make more money. Cardholders not only want more and larger amounts, but also want to reduce unnecessary waste. The money the bank gives you is used to make money. It is not a philanthropist. It gives you carbon from the snow when you're in trouble. If you don't earn the income standard for a base rate loan, it's best not to give it to you. Better to give it to someone else who can make money. It's better to seal the cards or reduce the quantity. Remember: first, it makes the bank feel safe, and second, it makes the bank make money (the base mortgage interest rate for income is the same).
What is the role of a high-limit 1 million credit card?
Many people who don’t play with credit cards will find it strange that credit card enthusiasts are desperately pursuing high limits. Don’t you have to pay them back? Even if you consume in daily life, can you use hundreds of thousands of credits? What’s the use of a card with a limit of 1 million if you only spend 10,000 per month?
What is the role of a high-limit 1 million credit card?
This is an interesting question. What is the use of a high limit? With so many people flocking to it, is it because the high amount makes people feel more respectable?
There are indeed some novice credit card users who use high credit limits as a way to show off, but senior players don’t bother to show off. For them, a higher limit means more possibilities and more opportunities. Chance. Although some women do not have a high salary income, with the help of high-limit credit cards, they are happy in love and have beautiful women return to them. They make money constantly in shopping malls and complete the leap from women to white-collar workers and then to rich people.
If the credit card limit is not enough or there is no credit card, sometimes a living person can suffocate to death.
For example, Xiao Wu and Xiao Mei fell in love and planned to get married, but Xiao Mei's father demanded that Xiao Wu must come up with a gift of 200,000 yuan, otherwise there would be no discussion. Xiaowu's family is poor and cannot afford it. Although he knew that the custom in the woman's hometown was to give her a dowry twice the betrothal gift, he borrowed money from relatives and friends but couldn't get enough 200,000 yuan. He had no choice but to love Xiaomei. If he has a credit card limit of 200,000, there is no need to worry. He can spend some handling fees to turn 200,000 into cash and give it to his future father-in-law, so that he can marry Xiaomei home first. Then 200,000 of the 400,000 dowry brought by Xiaomei was used to pay off the debt. Not only did he get a wife for nothing, but he also gained an extra 200,000 yuan in family property.
If you can’t raise 200,000 yuan, no matter how deep the relationship is, it will inevitably come to nothing. This is not alarmist. Two years ago, there was a man in this city who couldn't afford the 200,000 yuan gift, so his pregnant girlfriend was immediately dragged into having an abortion by his father.
A penny stumps a heroic man. This is an ancient saying, but it is also a cruel reality. A credit card may not completely solve your problems, but it can often solve your urgent needs. Two years ago, before real-time medical insurance reimbursement was implemented (even now it is not widely implemented), hospitalization had to pay a high deposit first, and then get the receipt for reimbursement afterwards, which was very troublesome. What should I do if I can’t get the deposit? I can borrow it, but I can’t borrow it? Maybe I can only wait to die. If you have a credit card, you can pay the deposit by swiping the card first, and then repay the credit card after reimbursement. Having a credit card or not makes a world of difference.
Of course, having a high-limit credit card is not primarily about dealing with these extreme events. More people use credit cards to make money. The higher the limit, the more they earn. Use a credit card to make money? Crazy? What should I do if I lose money and can't afford to pay off my credit card?
Yes, credit cards are double-edged swords, and the consequences of not being able to pay off your credit cards are serious. However, not all investments are high-risk, and some investment opportunities are nearly risk-free. Such opportunities are rare, but once seized, they may change a person's destiny. The premise is that when this opportunity arises, you must have the capital to intervene.
From November 2014 to June 2015, A-shares ushered in a historically rare bull market. In just over half a year, the Shanghai Composite Index rose from more than 2,000 points to more than 5,000 points. Many people made money like water. Of course, after that, the Shanghai Stock Index plummeted three thousand feet, and most people turned from making money to losing money. Only brokerages and financial managers have become the biggest winners. Brokerage firms receive lax handling fees, and financial managers’ year-end bonuses are so high that they can’t believe it.
However, I am not telling you to cash out and go stock trading. I'm talking about another opportunity. During the skyrocketing market price from November 2014 to June 2015, all investors made money. In order to earn more, many people find ways to increase leverage. One way to increase leverage is to open a financing account, use the stocks in the account as collateral to borrow money from a brokerage, and use the borrowed money to buy stocks. Some people have increased their market capitalization from one million to over 100 million by using leverage. But there is a threshold for opening a financing account: there must be more than 500,000 assets in the securities account. Investors above 80% cannot meet this condition, but in that exciting market, many people want to open it. A bold friend of mine saw a business opportunity. He took out 600,000 from his credit card and cooperated with the manager of a securities company to advance funds to help people open financing accounts. He charged a handling fee of 3,000 to open one. He is responsible for paying and advertising, and the manager is responsible for opening accounts and keeping track of customer accounts. Put 500,000 into the customer's stock account, open the financing account in one or two working days, and then get the money back. The capital cost is negligible. And there is almost no risk, and every move in the account is watched by the securities manager. In just over half a year, he opened more than 300 households and received more than 600,000 yuan.
Some people may think that this is a fantasy, that someone can drive one out of three thousand? You doubt it because you have never experienced a bull market. At that time, tens of thousands of dollars were invested in the market, and a few thousand dollars were earned at every daily limit. Many people didn't even care about three thousand dollars. It was at that time that I opened the financing account and the Hong Kong Stock Connect (both required a threshold of 500,000), but I met the opening conditions and did not find friends. At that time, I also wanted to open another business - the New Third Board. There is no price limit on the New Third Board, and some stocks rise 10 times in one day, which is very tempting. However, the threshold for the New OTC Market is higher, requiring 5 million assets to open. As a result, another group of NEEQ advance funds was born.
The current market situation at that time was that a handling fee of 20,000 to 30,000 was charged to open an account.
You can open 100 and easily pocket 2 million, which is a huge profit. However, even though the fees are so expensive, there are still many people eager to give it a try. I am one of them. In order to invest in the New Third Board, I even bought a book to study and study, and I just had to open an account.
Unfortunately, those who engage in advance financing are mainly located in big cities such as Beijing and Shanghai. No one in this city does this business. I visited several small loan companies, but no one believed that such easy money could be made. Refuse to take orders. And my friend doesn’t have 5 million, so he can’t help me. Of course, it's a good thing it didn't work out, otherwise we would have suffered a huge loss in the subsequent stock market crash. However, no matter whether the stock market rises or falls, those who advance capital to open an account will always make huge profits. If you have funds and customers at that time, it is easy to make millions. The point is, there's almost no risk.
Let me tell you another case that I have personally experienced. In May 2015, Xincheng B-shares issued an announcement stating that it was preparing to delist from B-shares and re-list it through absorption and merger of Xincheng A-shares, that is, to exchange B shares for A shares. According to the announcement, the conversion price of Xincheng B is US$1.317 per share. Each share of Xincheng B shares can be exchanged for 0.827 shares of Xincheng A shares. The issue price of Xincheng A after the share exchange is 9.82 yuan. In other words, if the comprehensive cost of buying Xincheng B is lower than the 9.82 yuan of Xincheng A, you will have the opportunity to make arbitrage. As soon as the news was announced, Xincheng B hit the daily limit for more than 10 consecutive times, and many people focused on this arbitrage opportunity. Xincheng B suddenly rose from US$0.4 to US$2.5, and then fell back to below US$2 with the A-share stock market crash in June. On July 8, 2015, a once-in-a-lifetime arbitrage opportunity was born - Xincheng B shares fell to $1.26 that day!
What does this mean? The exchange rate of RMB against the US dollar that day was 0.63, and US$1.26 converted into RMB was 7.938 yuan. That means you could buy new shares with an issue price of 9.82 yuan at a price of 7.938 yuan that day, a discount of 23.7! Even if Xincheng A is listed and breaks, the safety cushion of 23.7 is thick enough, and the probability of loss is minimal. What if it skyrockets? In fact, the merged Xincheng A surged by RMB 198 when it was listed on December 4, with a closing price of 29.35 yuan, almost four times the share price on July 8!
To make money, you don’t even have to wait from July to December for Xincheng A to be listed. On the day Xincheng B hit its limit on July 8, smart investors quickly intervened. Xincheng B rose by the daily limit on the second day, rose by the daily limit on the third day, and rose by 4 on the fourth day. If you can temporarily raise 3 million to buy in, and you only get the first daily limit, you will still make 300,000. There is a discount of 23.7 and a cash option of US$1 (if you don’t want to exchange shares, you can sell it to the major shareholder for US$1). It can be said that the probability of making money is 100, it depends on whether you are ready for the bullet.
I participated in this arbitrage, but unfortunately failed. The reason for the failure was that at the critical moment, I ran out of bullets. During Metro B's pullback from $2.5, I bought prematurely in four tranches starting in June and lost money before dawn.
When I discovered this super buying opportunity on July 8, there was no funds available in my account. At that time, I considered selling the A shares in my account, but there was not enough time to convert from RMB to US dollars. In addition, I was on a business trip out of town at the time and had no conditions to get money from my credit card, so I had no choice but to miss the opportunity. This is my most regrettable miss. The regret is that this opportunity does not only exist for a minute or an hour, but is there all day long. Xincheng B will be at the limit all day on July 8. As long as you have money You can definitely buy it. If I didn't go on a business trip that day, I would have borrowed hundreds of thousands even if I borrowed a small loan. Unfortunately, fate plays tricks on people.
Opportunities only favor those who are prepared. 100Opportunities to make money may be rare, but there is never a shortage. What is lacking is people who are prepared. Raise an army for a thousand days, use it for a while. Credit cards are sometimes soldiers. In peacetime, it seems okay without him. But when war comes, he can protect the country and open up new territories. One credit card equals one pawn, and a high-limit credit card equals many, many pawns. Never heard of Han Xin ordering troops - the more the merrier?
Disclaimer: The operational suggestions in the article only represent the views of a third party and have nothing to do with this platform. Investment is risky, so be cautious when entering the market. Trade accordingly at your own risk.
What is the maximum limit of a credit card that can reach more than 1 million?
What is the maximum limit of a credit card? It is reported that the maximum limit of a credit card can reach more than 1 million. The specific limit depends on personal qualifications. The higher the qualification, the larger the credit card limit.
Generally speaking, the credit limit when applying for a credit card for the first time is about 3,000 yuan to 10,000 yuan. Don’t be discouraged if your first-time credit limit is low. You can increase your credit limit by maintaining good card usage habits. If you have used the card for more than a year and have a good credit record, the bank will increase your credit record. This is related to the income and property certificates you provide when applying for the card. And you can also contact the bank's customer service phone number to temporarily increase your credit (overdraft) limit.
If it is a credit card in a broad sense, each bank and different types of credit cards have different credit limits. For example, Bank of China has a card with a maximum limit of 2 million, Guangfa has a card with a maximum limit of 1 million, and Minsheng has a maximum limit. 3 million cards, China Construction Bank has a card with a maximum limit of 5 million, and China Merchants Bank also has an unlimited card. Of course, this unlimited card does not allow you to spend money at will without any limit, but the limit is relatively high. And the limit can be intelligently adjusted based on card usage records.
How much can you use in a month with a credit card limit of 1 million?
You can use 1 million to 1.1 million, but it is recommended not to do this. It is best to have a balance in the card, otherwise the use of the card will be compromised It has influence and is easily controlled by risks.
If you have a credit card with a limit of one million, how much will you pay per month for three-year installments?
If you have a credit card with a limit of one million, how much will you pay for each month for three-year installments? 83.3.
Use the overdraft limit of the CCB credit card itself for installment payment. The maximum number of installments provided by CCB is 24. The installments involved include consumption installments, bill installments, cash installments and merchant POS installments. Here are the first Take his family’s consumption installment as an example. Consumption installment: it is the installment of credit card consumption for a single payment of more than 1,000 yuan that has not yet been billed. Time: From the time the card is swiped to two days before the latest bill date. Amount: A single credit card payment is greater than or equal to 1,000 yuan.
With a credit card principal of 1 million, how much can you use at most?
A credit card can be used up to the same amount as the remaining balance in the card. For example, a credit card worth RMB 1 million can be used to transfer RMB 1 million. If you have a credit card with a limit of RMB 1 million, it means that the cardholder can transfer up to RMB 1 million. As for whether to use it in multiple times or in one go, Banks will not limit it. It should be noted that many bank credit cards allow over-limit swiping, but over-limit fees will be charged for the excess, and over-swiping will also increase the burden on repayment. It is recommended that users try not to swipe over the limit.
That’s it for the introduction of the 1 million credit card.