China Merchants Bank's credit card withdrawal strategy

I have seen the rapid development of e-commerce industry, and the scale of the credit card market has continued to climb. Because credit card users have a "interest-free consumption" period of up to 56 days, it is equivalent to obtaining an interest-free loan, which is very attractive and particularly convenient to use. More and more people begin to use credit cards, and card friends enjoy the convenience brought by credit cards, but many people have become card slaves dragged away by credit cards. Of course, it is common to withdraw cash for emergencies. Almost everyone has had the experience of withdrawing cash, and many people have suffered losses in a muddle because they are not clear. Let's take the action as an example. What is the credit card withdrawal amount of China Merchants Bank? What are the credit card withdrawal methods of China Merchants Bank? How much is the handling fee for withdrawing cash from China Merchants Bank's credit card? How to calculate the interest of China Merchants Bank's credit card withdrawal?

1. Cash withdrawal limit of China Merchants Bank's credit card

1. The advance cash limit is generally 5% of the credit limit (except for cards with special provisions). If the credit limit of your RMB account is 1, yuan, the amount you can overdraw is 5, yuan.

2. The maximum daily cash advance amount of each card in China is RMB 2,; The cumulative amount of cash advanced by each household on overseas non-UnionPay lines shall not exceed the equivalent of US$ 1, per day, US$ 5, within one month and US$ 1, within six months.

2. Cash withdrawal method of China Merchants Bank's credit card

1. Cash advance by ATM

In China, you can withdraw RMB cash at the ATM of China Merchants Bank or the ATM of other banks with UnionPay logo. Outside the country, you can withdraw local currency with the transaction password at an ATM with the logo of VISA, MasterCard or JCB.

2. Cash advance at the bank counter

In China, you can withdraw RMB cash at the counters of China Merchants Bank outlets with your credit card and transaction password; Outside the country, you can withdraw local currency at the bank counter marked with VISA, MasterCard or JCB with valid ID and credit card.

3. Advance cash by phone

As long as you have both a CMB credit card and a smart card, you can call the 24-hour customer service hotline of the credit card: 4-82-5555, and according to the voice prompts, the money you need will be immediately transferred from your credit card account to your smart card account.

4. Cash advance by online banking

As long as you have both China Merchants Bank credit card and one-card card, you can log in to our credit card online banking, select Account Management → Cash advance, and follow the system prompts to transfer the money you need from your credit card account to your one-card account immediately.

3. Cash withdrawal fee for China Merchants Bank's credit card

1. Domestic overdraft cash withdrawal fee

1% of the transaction amount is charged in China, with a minimum of RMB 1 yuan. Among them, young card, city card and QQ membership card are free of charge for the first cash withdrawal every month.

2. Handling fee for overseas overdraft withdrawal

For overseas cash withdrawal, it is charged at 3% of the transaction amount, with a minimum of RMB 3 yuan or USD 3 (including Hong Kong, Macao and Taiwan).

3. Overpayment recovery fee

The charge ratio is 5‰ of the cash withdrawal amount, with the lowest 5 yuan RMB or USD 1 and the highest 5 yuan or USD 1.

4. Interest on cash withdrawal of China Merchants Bank's credit card

1. Interest standard for cash withdrawal of China Merchants Bank

The interest on cash withdrawal of China Merchants Bank is .5 ‰ of the expected annualized interest rate on the day of cash withdrawal, and the interest is compounded on a daily basis until the cash withdrawal amount, cash withdrawal fee and cash withdrawal interest are fully paid off.

2. Calculation example of interest on cash withdrawal of China Merchants Bank's credit card

Xiaohua's billing date is 6th of each month, and the due repayment date is 26th of each month; Her credit card was withdrawn without any discount. On November 12th, she withdrew 2 RMB in cash from the ATM of our bank. If Xiaohua intends to pay off the transaction on December 21st, the amount she needs to repay is RMB 2,6, and the calculation method is as follows:

cash withdrawal amount: RMB 2,

handling fee: RMB 2,× 1% = 2 yuan

revolving interest: RMB 2,× .5 %× 4 days (from accounting date to repayment date).

mobile banking inquiry: log in to credit card mobile banking, and enter "account management" → "bill inquiry".

Pocket Life Inquiry: log in to the Pocket Life Client and enter "Bill Repayment" → "Bill Inquiry" on the IOS mobile phone; Android system mobile phone enters "card service" → "bill repayment".

telephone voice inquiry: dial the credit card service hotline, verify your identity, and press 1 to enter "bill inquiry and bill installment application".

explanation of billing terms

billing date and repayment due date

in each billing, the closing date of recorded credit card transactions is called "billing date". The due repayment date is generally around the 18th day after the bill date (whichever is shown in the bill).

billing dates of different cardholders may be different from each other. For example, if the billing date is 25th of each month, all transactions recorded in each billing period are from 26th of last month to 25th of this month, and the corresponding final repayment date is 13th of the following month. The consumption on the 25th is generally recorded on 26th, and will be included in the next bill.

trading day and posting date

The trading day is the actual date of each credit card transaction, and the posting date is generally the day after the trading day. Transactions recorded after the "billing date" belong to the next bill, and transactions that are not billed can be queried in the "account management" column of online banking.

Posting the bill

Posting the p>Email bill: log in to the credit card online bank and click "Account Management" → "Billing Inquiry" to post the bill for 12 months.

reissue the paper bill: call the credit card service hotline, verify your identity, press 1, and then press 7 to reissue the bill for 12 months.

(student card customers don't have paper bills)

Apply for electronic bills

Apply for electronic bills (bill delivery method setting): We will send paper bills or Email electronic bills every month according to the bill delivery method you choose, and you can also log in to the online bank to check the bills at any time. Choose electronic bill, which is fast, convenient and green! I suggest you cancel paper bills and choose electronic bills.

bill sending method: log in to credit card online banking, and click "account management" → "bill sending method setting".

telephone voice setting: dial the credit card service hotline, and after authentication, press 3 and then 4 to enter "modify bill delivery method".

interactive SMS settings: edit "the last four digits of #DZ# ID card" to move users to 165795555, and Unicom and telecom users send them to 95555, so that only electronic bills can be received. (You must use the mobile phone number left by the cardholder in the credit card center of our bank)

With this set of strategies, you must know everything about your own CMB credit card withdrawal knowledge, and you will never be confused again when you take your own CMB credit card to withdraw cash. Finally, I remind you that when you use a credit card, whether you swipe your card or withdraw cash, you must know all the charging indicators and scope of use, so as not to suffer losses!

how do you withdraw cash from your credit card?

you can just get it directly from any ATM, but it's best not to take it across banks, which will charge you another handling fee. Generally, credit cards for people's livelihood and industry and commerce charge you a handling fee. Other banks generally charge 1%, with a minimum of 1 yuan, and Societe Generale charges 2%. The interest is five ten thousandths of a day, starting from the day of withdrawal. As long as you repay in time, there is no problem.

If there is a+++demand, we recommend you to use the rich flower. The rich flower is a credit service brand owned by Du Xiaoman Finance (formerly known as Baidu Rich Flower, renamed as "Rich Flower" in June 218), and the big brands are trustworthy with low interest rates. Money spent-full easy loan, the maximum loan amount is 2,, and the daily interest rate is as low as .2%.

I have known many small loan companies. Generally speaking, Baidu money spent is the platform with the highest pass rate. The credit line is the highest. I gave me a credit line of 9.5W without anything, and my colleague directly granted a credit line of 18W.

a small amount of money-if you have money to spend (in batches of seconds), click online to measure the amount

Special note: withdraw the cash in full as soon as possible after the amount is set, because the risk control is dynamic.

it's best to put forward all the suggestions for demand, and the risk control system will mistakenly think that you don't need this fund, which will lead to the failure of withdrawal. At least 6% is safer. Support early settlement of repayment after the first installment.

if the amount of money spent is not enough or there is no limit, it is recommended to try the following two platforms, which are also relatively formal licensed financial institutions! The audit is relatively less strict! 36 IOUs are financial services of 36 antivirus software, and Zhaolian good-term loans are owned by China Merchants Bank and China Unicom, both of which are large companies.

36 IOUs can borrow up to 2, yuan!

click on online measurement

Zhaolian Finance can borrow up to 2, yuan!

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how can I withdraw the money from my credit card?

Many times my mobile phone is like this. It should be a bug in the app, and maybe the next version will not exist.

I believe that many credit card holders mistakenly deposit cash into credit cards that are not in arrears. Although credit cards can also be cashed out like savings cards, it is a headache that withdrawing cash from credit cards is not that simple. As the saying goes, it is easy to deposit money into a credit card, but difficult to take it out! What should I do if I accidentally deposit a large amount of cash into my credit card?

a certain amount of handling fee is required to take out the money deposited in the credit card. Many people will choose the next consumption to use up the amount in their credit cards. In fact, some banks' credit cards have relaxed the system of cash withdrawal for overpayment, some banks have completed free cash withdrawal, and some banks have made preferential measures for cash withdrawal. For example,

At present, Huaxia Bank, China Bank, Shanghai Pudong Development Bank, Minsheng Bank, Industrial and Commercial Bank of China, and China Construction Bank have implemented free handling fees for cash withdrawal of credit card overpayments, in which Huaxia Bank's daily cash withdrawal of credit card overpayments does not exceed 2, yuan, and Minsheng Bank's credit card overpayments exceed 5, yuan, which requires an appointment in advance.

At the same time, there is no handling fee for transferring the credit card overpayments of Bank of Communications, China CITIC Bank and Citibank to our bank account, but there is still a handling fee for direct cash withdrawal. If the credit card overpayment of China Merchants Bank, China CITIC Bank and Shenzhen Development Bank is transferred to a savings card for cash withdrawal, a handling fee of .5% of the transferred amount will be charged. Everbright Bank and Agricultural Bank charge a handling fee of 1% for withdrawing the overpayment.

Overpayment Discount for Off-site Cash Withdrawal

Generally, a handling fee is required for cross-bank cash withdrawal of debit cards, so can cross-bank cash withdrawal of credit card overpayment be allowed?

Huaxia Bank and Shanghai Pudong Development Bank have already implemented the inter-bank cash withdrawal of credit card overpayments, while Guangfa Bank's credit card overpayments are free of charge at all banks' ATMs, but the preferential time is until the end of December, and Minsheng Bank's credit card overpayments will only be charged with a 1% fee for inter-bank cash withdrawal of more than 5, yuan.

Finally, I would like to remind all cardholders that if they want to use credit card overpayment to withdraw cash from different banks, they must determine the amount of "overpayment" in their cards. If it is "overdraft withdrawal", they will not only pay the handling fee, but also generate interest every day. If the amount of overpayment in the credit card is relatively small, I suggest you use it as much as possible by swiping the card!

how to withdraw cash from a credit card?

There are many correct withdrawal methods for credit cards, such as ATM withdrawal, bank counter withdrawal, and transferring credit card amount to bank card through mobile banking and online banking. These methods will not cause risk control, and they are also the correct withdrawal methods for credit cards.

in addition to the above methods, credit cards also have indirect cash withdrawal methods. For example, users use credit cards to help relatives and friends buy things online, and relatives and friends will pay cash to users after receiving things, which is also considered a successful withdrawal. Of course, this method is risky, and friends may owe you money.

there are two ways to use credit cards.

first, cash withdrawal by credit card depends on whether your credit card has cash withdrawal function. Generally, credit cards have a cash withdrawal limit, which can be withdrawn directly at ATM or counter.

if there is no withdrawal amount, then if you want to withdraw cash, you can propose it in two ways. The first one is in the credit card APP, or call customer service to ask about the withdrawal amount.

the second method is to brush the t with a credit card machine.

due to the convenient payment method of credit cards, there are more and more credit card users, so the phenomenon of cashing out credit cards is increasing. So how do you get the money out of your credit card? Let me tell you something. 1. Cash withdrawal by credit card needs to pay handling fee and interest. The handling fee for cash withdrawal is generally .5% of the cash withdrawal amount, while the interest is calculated on a daily basis, and the daily interest rate is about five ten thousandths. 2. Take out the extra money from the credit card and transfer it to my colleague's savings card. This time, it is not free, and a certain handling fee is required, generally .5%-3%. 3. You can also transfer money to the UnionPay passbook of any bank at the designated bank ATM in the designated city, but you must have a debit card of the bank and open one of telephone banking, online banking and mobile banking. 4. According to the cardholder's credit limit and card usage record, the cash installment amount is also different. After the cash installment is successfully processed, the money will be transferred to the debit card in the cardholder's name. 5. Credit cards must be used reasonably and repaid in time, because seriously overdue credit cards will be blacklisted in the meeting. Doing so will do more harm than good. Please remember. Simply put, it is 1. Overpayment transfer II. Direct credit card transfer. Cash transfer by installment.

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how to withdraw the balance in the credit card?

you can withdraw money with a credit card. Credit card cash withdrawal is different from credit card cash withdrawal. Credit card cash withdrawal is one of the inherent functions of credit card itself. Cardholders can use credit cards to withdraw cash from banks. Credit card cash withdrawal mainly includes overdraft cash withdrawal and overpayment cash withdrawal. Overdraft cash withdrawal requires payment of interest, and interest is calculated from the day you withdraw cash, while overpayment cash withdrawal requires no interest, only part of the handling fee, depending on the regulations of banks. First, at home: if there is a UnionPay LOGO on the credit card, it means that the card has joined the China UnionPay organization. Second, overseas: in many countries except Hong Kong, Macao and Taiwan, the UnionPay system is not popular, so most of the overseas cash withdrawals need to go through the international card organization channel. It depends on whether you hold an international card. It is easy to distinguish an international card just by looking at whether there are logos of credit card organizations such as Visa or Master besides UnionPay.

Extended information: The credit card overdraft withdrawal rates of the five major banks are relatively low. Generally, it is charged at .5%-1% of the cash withdrawal amount. China Construction Bank