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Why do some credit cards allow overdraft transfers?

If you have a China Merchants Bank credit card, you can also make overdraft transfers and remittances. This is a form of cash advance.

Currently, our bank's credit cards can provide three methods of transfer operations, namely ATM transfer, telephone cash advance and online banking cash advance. All of them require the credit card to handle the business to have set a transaction password and open a cash advance. Function.

The fees, interest, and limits are the same as for domestic RMB cash advance business. Online banking and telephone cash advances only support RMB transactions.