Can I get a loan if my China Merchants Credit Card has a limit of RMB 60,000 for 5 years?
No. If you have no problem with your credibility, you can apply. China Merchants Bank was established in Shekou, Shenzhen in 1987. It is the first joint-stock commercial bank in China that is completely owned by corporate legal persons. It is also the first pilot bank for the country to promote banking industry reform from outside the system.
What is the maximum credit limit of CMB 60,000?
The highest. According to the official website of China Merchants Bank, the maximum limit is 60,000. If you want to increase the limit, you need to switch to a gold card. A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit.
How to withdraw 60,000 with China Merchants Bank Credit Card
If you use a China Merchants Bank credit card well, it is usually fixed once every 3 months. If you want to quickly withdraw the 60,000 cap, you can only This is achieved by doing cash installments.
If you use a China Merchants Bank credit card, it is generally fixed once every three months. If you want to quickly raise the cap of 60,000, you can only do it through cash installments.
What is cash installment?
Cash installment is a credit card loan granted by the bank based on the customer's good use of the card. Cash installment is divided into within the quota and outside the quota.
Cash within the quota will occupy the available quota after being used in installments, while cash outside the quota can only be used to increase the fixed quota.
Judge whether the cash installment amount can be raised after the cash installment
① Log in to China Merchants Bank Mobile Life, My—Line·Credit. On the page that opens, you can see the cash installment amount. It is good to use the card In this case, the cash installment will be greater than the available limit. If the card is used normally, the cash installment limit will be equal to or less than the available limit. If the card is used poorly, there will be no cash installment limit.
②The maximum cash installment amount must be greater than the available limit. If the maximum cash installment amount is less than or equal to the available limit, the amount cannot be withdrawn
How to calculate the amount after cash installment withdrawal
After cash installment, the final fixed amount you can get = the maximum cash installment amount, fixed amount - available amount
There is a card with an existing fixed amount of 18,000, a used amount of 15,000, and a remaining amount of 3,000. Cash installment The limit is 45,000, and if you apply for 45,000 cash installments in one go, then: the final fixed limit after cash installment = 4500018000-3000 = 60000
Is it necessary to upgrade the CMB 60,000 regular card? Whether it is necessary or not depends on the situation.
Many cardholders who apply for a bank credit card for the first time usually can only get a regular card with a limit of 10,000 to 50,000 yuan. After the cardholder has used the credit card for a period of time and his income gradually increases, the regular card may be upgraded. Is it necessary to upgrade the CMB 60,000 regular card? Whether it is necessary needs to be judged according to the situation!
Is it necessary to upgrade the CMB 60,000 regular card?
China Merchants Bank’s regular card has a limit of RMB 60,000. Whether it is necessary to upgrade to a gold card needs to be judged based on the actual needs of the cardholder.
After the regular card is upgraded to a gold card, the benefits you can enjoy include exclusive service space, professional financial management team, exclusive fee reduction and exemption, preferential life experience, green channel at counters, VIP management room, financial management lectures, etc. .
If the cardholder is busy at work and often has business trips, withdrawals from other places and other needs, then he can upgrade to a gold card. The benefits of CMB’s Gold Card include free airport transfers, VIP lounges, and fee-free withdrawals from other places, which are very suitable for the various needs of cardholders.
If the cardholder’s job does not require frequent business trips, he does not go out often, and his daily expenses are small, there is no need to upgrade to a gold card. Although the gold card enjoys many benefits and has a higher limit, it is less necessary to upgrade to a gold card when the cardholder does not use it or does not need it.
And the annual fee for China Merchants Bank’s gold card is basically around 300 yuan, while for regular cards, it can be reduced as long as the cardholder’s annual consumption reaches the specified amount or number of transactions.
In general, whether to upgrade a regular card to a gold card depends on the actual situation of the cardholder. If you decide to upgrade, just submit the application form to the bank branch staff.
The above is the relevant content sharing on "Is it necessary to upgrade the CMB 60,000 regular card?" I hope it can help everyone!
How to directly increase the limit of China Merchants Credit Card to 60,000
There are many China Merchants Bank credit card holders, but there may not be many credit card users with high credit limits. Many people want to directly increase the limit through the method. How to raise it to 60,000? This article will introduce it to you, I hope it will be helpful to you.
1. Determine whether the amount can be raised after cash installment
Log in to China Merchants Bank Credit Card Online Banking (both public and professional versions are available), installment financing = cash installment = installment application.
The maximum cash installment amount must be greater than the available limit. If the maximum cash installment amount is less than or equal to the available limit, the amount cannot be withdrawn.
When the maximum cash installment amount is less than the available limit, the limit cannot be increased after the cash installment, and the maximum cash installment amount will increase or decrease simultaneously with the available limit. At this time, the maximum cash installment amount (must be 100 Multiples) are only a few tens of dollars less than the available limit.
Example: The available amount is 2333, then the maximum cash installment amount is 2300
When the maximum cash installment amount is greater than the available amount, the amount can be increased after the cash installment.
2. Limit calculation method (this limit calculation method is limited to the situation where the amount can be withdrawn)
The final fixed amount of the cash installment amount will be the final fixed amount = the maximum cash installment amount has been used (Excluding installment payment part)
Example 1: The existing fixed limit is 29,000, the used limit is 15,000, and the remaining limit is 14,000
Check the maximum cash installment amount obtained by cash installment is 19,000: Final fixed quota = 1900015000 = 34000
Example 2: The existing fixed quota is 29,000, the temporary quota is 11,000, the used quota is 25,000, and the remaining quota is 15,000
View the maximum cash installment amount obtained by cash installment If it is 19,000: final fixed quota = 1900025000 = 44000
Example 3: The existing fixed quota is 29,000, the temporary quota is 11,000, the used quota is 26,000, and the remaining quota is 14,000
View cash installment income The maximum cash installment amount is 19,000: final fixed amount = 1900026000 = 45000
Only by maximizing the used limit can the amount be raised to the maximum value through cash installment. In order to maximize the used limit, please apply The highest temporary quota. If you have not applied for the temporary quota, the maximum cash installment amount has been used up to 6W, so there is no need to apply for the temporary quota because the final fixed quota is capped at 6W.
3. How to increase the limit
The available limit must be less than the amount selected for installments------This is the same as judging whether the limit can be increased through cash installments at the beginning of the article. , the principle will be explained at the end.
If we choose the installment amount of 2,000, we need to increase the available limit of the card to within 2,000. If we choose the installment amount of 30,000, we need to increase the available limit of the card to within 30,000. And so on. Regardless of the amount selected for installment, the available amount must be less than the amount selected for installment.
Since the minimum cash installment amount is 2,000, we have to choose the cash installment of 2,000 RMB, and choose the minimum three installments. The handling fee is 193=57. We cannot let Xiao Zhaolu pay us a penny more.
At this time, many people will think about swiping their cards to increase the available limit of their cards to less than 2,000. In fact, you don’t need to. You just need to go to major e-commerce stores to buy things. After placing the order, the payment is successful and the credit limit will be deducted. Then cancel the order. At this time, the quota has been locked, and the remaining available quota will not change. The deducted quota will be returned to the card within 1-15 working days.
At this time, the available limit can be easily increased to less than 2,000, and then you can apply for cash installment. After the cash installment application is successful, you will receive a text message prompting that the fixed limit has been increased to XXXXXX.
Through the above content, China Merchants Bank credit card holders should know how to increase the credit limit, but everyone should pay attention to the limit increase should be within the range of their consumption tolerance, and do not repay because of the large consumption after the limit increase. The pressure also increased greatly.
Why does the China Merchants Credit Card have a credit limit of RMB 65,000 with no annual fee and an annual fee of RMB 80,000?
Bank regulations.
Because the annual fee can be easily waived, the minimum approval limit is 60,000, and you can also enjoy the benefits of high-end cards from China Merchants Bank. The annual fee for the main card is 800 yuan/year. The annual fee is waived in the first year, and consumption of 80,000 yuan is waived in the following year. It doesn’t matter if you don’t have that much consumption. You only need to make a cash withdrawal every month and pay it back on the same day. This way, there is no interest. It’s still a consumption. With a starting quota of 60,000, the annual fee can be paid without loss in as little as two months.
The head office of China Merchants Bank is located in Futian District, Shenzhen City. On April 9, 2002, China Merchants Bank A shares were listed on the Shanghai Stock Exchange. On September 8, 2006, China Merchants Bank began a public offering in Hong Kong, issuing approximately 2.2 billion H shares, raising HK$20 billion, and was listed on the Hong Kong Stock Exchange on September 22. Net capital exceeds 290 billion and total assets exceed 4.4 trillion.
That’s it for the introduction of China Merchants Bank’s credit card limit of 60,000 yuan.