Friends who know about credit cards must know that credit cards are divided into levels, and the ones that people are more familiar with are regular cards, gold cards, and platinum cards. But what is an unlimited credit card? Perhaps many cardholders dare not even think about it. Is the bank "crazy" for issuing such a grand credit card?
Unlimited credit card is the highest level of credit card. The bank will evaluate the customer based on their social status, prestige and wealth holdings. It is only issued to a small number of high-end and high-quality customers of the bank, and most of them are invited by the bank to apply for the card. model. Currently, there are few domestic unlimited credit card issuers, mainly China Merchants Bank, Bank of China, CITIC, Guangfa, etc.
As for what an unlimited credit card is, many cardholders will take it literally and think that there is no upper limit on the credit limit of an unlimited credit card, but this is not the case. The limit of unlimited credit cards is limited, and different banks have different starting credit limits. For example, the unlimited credit card limit of China Merchants Bank is between 300,000 and 3 million yuan; the unlimited credit card limit of Guangfa is 500,000 yuan. However, if the cardholder has higher overdraft requirements, he or she can apply for a temporary limit from the bank. As long as the credit card holder has good credit, there is no ambiguity in making the payment.
In addition, the annual fee of unlimited credit card is also unaffordable for ordinary people. There is no annual fee exemption or reduction for the main card, and you need to pay a super high annual fee. For example, the main card of China Merchants Bank Unlimited Credit Card is 10,000 yuan/year. The card is 5,000 yuan/year, the GF main card is 12,000 yuan/year, and the supplementary card is free of annual fees.
Do you understand what an unlimited credit card is? It is the highest-level card. Cardholders can enjoy up to one million in overdraft credit, and the card benefits are invincible and supreme, but only a very few people can have it.