1. Telephone cancellation:

Applicants can call the customer service hotline of China Merchants Bank Credit Card Center at 8825555 and choose to cancel the credit card service after entering the manual customer service to explain the reasons.

2. Cancellation of outlets:

Applicants can bring their valid certificates to the counters of the outlets of China Merchants Bank to cancel their credit cards under the guidance of salespersons.

1. Credit card consumption is a non-cash transaction payment method

There is no need to pay cash when spending, and repayment will be made on the billing date.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards with a certain credit limit within which the cardholder can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. The credit card generally refers to a credit card.

from January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate, and the lower limit is .7 times of the daily interest rate).

2. Credit card late payment fee

Credit card late payment fee means that the cardholder has to pay a late payment fee for the unpaid part of the minimum repayment amount when the actual repayment amount on the due repayment date of the credit card is lower than the minimum repayment amount, which is generally 5% of the unpaid part of the minimum repayment amount. However, due to the different policies of various banks, the minimum amount set is not the same. Therefore, cardholders who have a large overdraft during the Spring Festival holiday must keep in mind the last repayment date after receiving the bill and try to pay off all the expenses before the due repayment date. If you really can't afford it, apply for installment repayment or adopt the minimum repayment method as soon as possible to avoid being penalized by the bank.

people who have no economic income, such as students, should not apply for credit cards easily. Even if they don't use credit cards, they have to bear annual fees and other items. Holders of credit cards give up the use of credit cards and go through the formalities of returning the cards in time. Otherwise, the expenses of credit cards and the interest and late payment fees generated later will lead to personal economic losses and credit reduction, which will affect mortgages and car loans.