Many banks now have this. I feel that banks are too irresponsible and work together with these so-called insurance companies to defraud users. When I first applied for a China Merchants Bank credit card in 2007, I also received this I didn’t know about the phone number at that time, and then I saw that the amount deducted every month was not much, about 88 yuan, so I agreed. The main reason was that I thought that refusing would affect the use of credit cards. I later learned about credit cards after going to the forum to learn about credit cards. This thing is totally a scam. When it expired in one year, I canceled it decisively. After all, I was defrauded of more than 1,000 yuan.

These things are all taking advantage of legal loopholes to cheat people in the name of the bank.