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When applying for a China Merchants Bank credit card for the first time, the limit is only 20,000. Is it normal?

Normal. During the initial review, the quota is comprehensively assessed based on the information attached when you applied and your specific situation. Please refer to the review results for the specific quota. The credit limit (fixed limit) of our bank's credit card starts from ¥1,000 yuan or its equivalent in U.S. dollars, and the upper limit is ¥50,000 yuan or its equivalent in U.S. dollars. Under normal circumstances, the fixed limit range for regular cards is ¥1,000-¥10,000 yuan, and the fixed limit range for gold cards is ¥10,000-¥50,000 yuan.