Please log in to the credit card website/,click "Online Banking Login" on the right to enter your ID number, inquiry password and additional code, and then click "Installment Financing-Cash Advance" on the horizontal menu above to check whether the transaction password is set and whether the cash advance function is enabled.
Withdrawing cash in advance by China Merchants Bank's credit card will generate corresponding handling fees and interest.
Handling fee: The handling fee is calculated according to 65,438+0% of each cash advance in domestic RMB, with a minimum charge of 65,438+00 yuan for each cash advance abroad (including Hong Kong, Macao and Taiwan) and a minimum charge of 30 yuan or US$ 3 for each cash advance.
Interest: advance cash transactions do not enjoy interest-free repayment. From the trading day, interest will be charged at the daily rate of 0.5 ‰ until the settlement date, and the interest will be compounded monthly. Compound interest, that is, the interest generated last month, should also be recalculated.
The cash advance limit is set according to your card usage, which is included in the credit limit of the credit card. Under normal circumstances, the cumulative withdrawal amount does not exceed 50% of your credit limit. For details, please call the credit card 24-hour customer service hotline. In addition, according to the relevant regulations of the People's Bank of China, the daily cash advance for each card in China does not exceed RMB 2,000; The daily cash advance of each overseas family shall not exceed the equivalent amount of US$ 65,438+0,000, US$ 5,000 within 65,438+0 months and US$ 65,438+0,000 within 6 months.
The cash withdrawal transaction is compounded monthly, that is, the interest generated last month should be recalculated.
For example, you withdrew 1 1,000 yuan last month, with handling fee 10 yuan and interest 15 yuan. If you repay RMB 65,438+0,025, the interest will be calculated with RMB 65,438+05 as the principal next month until it is paid off.
Interest (compound interest) shall also be calculated for the interest generated from the withdrawal of cash by our bank. Generally, when you withdraw cash, you will pay interest in three installments, the first installment: from the date you withdraw cash to the repayment date, and the third installment: compound interest. Please refer to the amount on each bill for specific interest.
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