1. What is China Merchants Bank Platinum Installment Card?
China Merchants Bank UnionPay Premium Platinum Installment Credit Card
1. The annual fee is 800, and the annual fee is waived in the first year. . If you spend more than 80,000 yuan per year and swipe the card 20 times, the annual fee of the main card for the next year will be reduced.
2. Handling fee, this card is automatically installmentd. As long as the consumption in the month exceeds 300 yuan, the number of automatic installments is 3, 6, 10, 12, 18, 24, which can be chosen by the customer, every six months. Can be modified once. The installment rates are different for different installments. The installment handling fee is also 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.
The specific rates are as follows:
3 months 2.55%; 6 months 4.2%; 10 months 6.5%; 12 months 7.32%; 18 months 11.34%; 24 15.12% per month
2. What does the China Merchants Installment Card mean?
The China Merchants Installment Card is an important financial management function of the China Merchants Bank credit card. After using the credit card, users find that they cannot repay it all at once. You can apply for installment repayment as soon as you clear it to reduce the repayment pressure. At present, China Merchants Bank's installment business can be roughly divided into bill installment and shopping installment. Shopping installment means that users can pay in up to 24 installments when shopping with merchants that cooperate with China Merchants Bank. Bill installment refers to financial management where customers use credit card transactions to repay in installments. Functions, including installment of issued bills and unissued bills. The China Merchants Installment Card is a card that can be overdrafted. It does not support cash advances and does not accumulate points for transactions. It is a special card for installments. After the cardholder uses it, the installments will be automatically completed and the principal will be repaid in installments. and handling fees. Investment can be simply interpreted as the relationship between people. It is a choice and an alternative. According to the People's Republic of China and the Commercial Law of the People's Republic of China, investment promotion means soliciting merchants. It means that the contracting party publishes its services and products to a certain range in order to recruit merchants for joint development. After a new product is launched, you must determine the dealer target group that suits you based on the product's market positioning, product characteristics, and channel characteristics. Enterprises must focus on long-term development and require dealers to have the ability to operate the market. Not just having money can become a dealer for the enterprise, and investment must not be used just as a means for enterprises to make money. Investment promotion is a two-way choice opportunity. If the dealer chooses improperly, the normal operation of the market will be affected due to the dealer's insufficient operating capabilities in future market operations. Since the sales volume will not increase, the dealer will blindly ask for support from the manufacturer. The support of manufacturers is often linked to sales, and they cannot provide dealers with too much support, resulting in disconnected cooperation and ultimately the "death" of dealers. The collapse of a dealer seems to be just a loss for the dealer and has no impact on the company, but this is not the case. Generally speaking, the number of dealers for a product entering a region is limited. The loss of local dealers means that the company has lost its market in that region, and it will not be easy for the company to re-enter the market. Because people don't know the truth, they lose confidence in the product, and it becomes difficult to develop new dealers. Therefore, when a dealer collapses, what the company loses is not the dealer, but the regional market.
3. What is China Merchants Bank’s consumption installment card?
China Merchants Bank’s exclusive consumption installment card is a special installment credit card. After the cardholder uses it, the installment will be automatically completed, and there will be Amortized principal and handling fees.
China Merchants Bank applies to China Merchants Bank for consumption needs and is issued a special installment card after approval by China Merchants Bank.
After cardholders use the installment card to make purchases at merchants designated by CMB, they will automatically complete the installment according to the number of installments agreed with CMB in advance, and repay the principal and installment handling fee in installments. The handling fee will be included in the current installment card bill.
The installment card is limited to CMB credit card holders who are principal cardholders of personal cards, business cards, purchase cards or supplementary cards
Cardholders can apply through the official CMB credit card client on their mobile phone Apply for an installment card through self-service channels such as daily life or the credit card customer service hotline (including sales hotline). The specific application channels and application procedures are subject to the actual display.
Instalment cards are only available in RMB currency. The credit limits of a cardholder's multiple credit card accounts, various installment credit limits, cash withdrawal limits, etc. are subject to the upper limit of the total credit limit set by the China Merchants Bank Credit Card Center for the cardholder.
When a cardholder applies for an installment card, the application qualifications and "instalment card limit" shall be subject to the comprehensive assessment results of the China Merchants Bank Credit Card Center.
Instalment card consumption and installment principal, interest and handling fees are not scored. After the cardholder successfully applies for an installment card, the CMB Credit Card Center will approve the installment card limit and installment handling rate for the cardholder.
When it is about 6 months after the cardholder successfully applies, the CMB Credit Card Center will re-evaluate the installment card limit and installment handling rate for the cardholder.
The CMB Credit Card Center has the right to evaluate and adjust the card limit until it reaches zero based on the cardholder's credit status and usage of the account credit limit.)
The cardholder will be notified of the adjustment of the installment card limit through one or more of Zhaohuo, official WeChat, mobile banking, SMS, etc.
4. China Merchants Bank’s installment card What is it?
The China Merchants Installment Card is the Premium Platinum Installment Card. It is a UnionPay single-currency card. It has the basic functions of a China Merchants Bank personal credit card, as well as the automatic installment function of consumption summary. Users of the China Merchants Installment Card can enjoy lower interest rate.
There are restrictions on application fees for investment installment cards, which are limited to special customers. China Merchants Bank will occasionally invite customers to apply for CMB installment cards through text messages and WeChat.