Provisions on the use of credit cards:

1. The merchant shall verify the bill or cash withdrawal slip signed by the cardholder with the acquiring bank, and conduct liquidation with the acquiring bank to recover the advance funds.

2. The electronic payment network established by the bank and the magnetic stripe reading and manual password input of the card can realize the functions of credit card consumption, ATM withdrawal, transfer and various payments. The expenses incurred through the card are equal to the decrease in the balance of the savings account. If the account balance is zero, the payment function of the card will also be reduced to zero. The application for a savings card is very simple, and you can get it right away without bank approval.

3. With my valid ID card, go to any business outlet of the bank to handle it. You must open a current account first. The account balance shall not be less than 10 yuan. Unstamped withdrawal account. Non-loss-reporting account, frozen account and normal account status.

4. Savings card fees mainly include annual fee, small account management fee, loss reporting fee, new card worker, cash withdrawal fee (including local interbank, remote bank, remote bank, overseas ATM, Hong Kong and Macao), transfer fee (including remote bank, remote bank, local interbank, overseas wire transfer) and online banking transfer fee (including remote bank, remote bank, local interbank and overseas remittance).

5. Customer service tools for depositors. In shopping malls, hotels, entertainment places, public service places, etc. Where the POS terminal is installed in the bank card network, the savings card user can spend with his own account without cash.

The amount of consumption and payment by users is unlimited, and the handling fee is free. But the account can't be overdrawn. In addition, Savings also launched mobile phone payment service and telephone wallet payment service, which is easy and flexible, and it is convenient to pay anytime and anywhere 24 hours a day.

Therefore, after the temporary credit line of China Merchants Bank is cancelled by itself, there is no need to pay back the money immediately.

Extended data:

Functions of credit card:

1, convergence function

The master account guides many scattered small funds to gather into a fund collection function that can be put into social reproduction. Here, the stock market plays the role of "reservoir" of funds. ?

2. Configure functions

The allocation of resources, the general ledger transfers resources from inefficient departments to efficient departments, so that a society's economic resources can be most effectively allocated to the most efficient or effective use, and the rational allocation and effective utilization of scarce resources can be realized. ?

Step 3 Adjust the function

The regulating effect of personal account on macro-economy. The stock market is connected with depositors on one side and investors on the other. The operating mechanism of the stock market plays a role through its influence on savers and investors. ?

Baidu encyclopedia-China merchants bank

Baidu encyclopedia-credit card

Official Website of China Merchants Bank-Credit Card Charter of China Merchants Bank (9th Edition)