How to calculate the cash withdrawal limit after the minimum repayment amount of CMB Credit Young Ca

Hello, the cash advance limit is set according to your card situation, it is included in the credit limit of the credit card, the amount of cash withdrawal is generally not more than 50% of your credit limit, please call the credit card 24-hour customer service** for specific amounts.

In addition, according to the relevant regulations of the People's Bank of China, the cumulative amount of cash advance per card per card in China shall not exceed 5,000 yuan; The cumulative daily cash advance amount of each overseas account shall not exceed the equivalent of US$1,000, US$5,000 equivalent within 1 month, and US$10,000 equivalent within 6 months.

Cash advances will incur fees and interest. Handling fee: The handling fee for domestic RMB cash advance is calculated at 1% of the amount of each cash advance, with a minimum fee of RMB 10 per transaction, and the handling fee for overseas cash advance (including Hong Kong, Macao and Taiwan) is calculated at 3% of the amount of each cash advance, with a minimum fee of RMB 30 or US$3 per transaction;

Interest: Interest-free repayment is not available for cash advance transactions, and interest will be charged at a daily interest rate of 5/10,000 from the date of transaction to the date of repayment, and compound interest will be calculated on a monthly basis.

You're not right. 1500 is the maximum amount that can be overdrawn on your card. A 50% withdrawal limit does not mean 50% of your balance. After you withdraw 1500, you can only spend the remainder, and you can't overdraft and withdraw a penny.

After you withdraw 5,000 cash with your credit card on September 1, China Merchants Bank will collect 2 types of payment:

First, handling fee: This is a one-time handling fee charged when you withdraw cash, according to the description of credit card cash advance published on the official website of China Merchants Bank: the handling fee for domestic RMB cash advance is calculated at 1% of the amount of each cash advance (the minimum fee is RMB 10 per transaction).

Second, interest: This is the interest you charge every day after you withdraw cash, and it is also according to the description on the official website: from the trading date to the daily interest rate of 5/10,000 from the date of the transaction to the date of repayment, compound interest will be calculated on a monthly basis.

In this case, after you withdraw 5,000 yuan, China Merchants Bank will charge you a handling fee of 5,000 1% = 50 yuan; From the date you withdraw the cash, a daily interest of 5,000 yuan will be charged every day.

Therefore, you may have a misunderstanding, you use a credit card to withdraw cash (that is, cash advance), which is different from installment payment, and China Merchants Bank does not let you pay off the money in several installments, but first charge a handling fee, and then charge some interest every day. This interest will be received until you pay off the 5,000 yuan.

If you want to repay the money in several installments, for example, if you repay 1000 for the first time, then for the rest of the days, China Merchants Bank will charge 4000 yuan for daily interest... And so on until you pay off the 5,000 pieces.

And your 50 yuan handling fee and interest are counted into the money you need to repay on the next repayment date.

And about the repayment date just mentioned, it's time to talk a little more

When you apply for a card, China Merchants Bank Credit Card will give you a list and tell you 2 dates:

Billing date. The date on which repayment is due.

First, the bill date refers to the date on which CMB issues your bill statement for the previous month, so that you can know what items you have consumed in the previous month.

Second, the due date refers to the date by which you have to pay the previous month's arrears each month, which is also the last date you need to pay the previous month's "minimum payment".

Hope it helps

The minimum repayment is 10%, which means that you need to exchange 250 yuan, and the cash withdrawal fee is 10 yuan, if you use the minimum repayment amount, it will not affect your personal reputation, but from the day you withdraw cash, there is a revolving interest of 5/10,000 per day, please know, I hope it will help you.

1. The credit card is idle and not used for a long time.

If you don't need it, some banks may lower your credit limit because you don't need it, so as to prevent the risk of theft. It is recommended that cardholders should cancel their cards as soon as possible if they do not have a large demand for credit cards, because credit cards do not need to be registered with annual fees.

If the credit card is idle for a long time, it is either because of the low limit and inconvenient capital turnover, or because the bank has few discounts. In order to avoid this situation leading to a reduction, it is recommended that you choose a credit card based on your own consumption needs.

2. Long-term overdue or large overdue amount.

Credit card overdue and as scheduled will not only be recorded in the personal credit report, but also affect the subsequent loan and card application. If the overdue amount is overdue for a long time or the overdue amount is large, the bank will also reduce the amount or block the card. Therefore, it is recommended that cardholders should spend rationally when swiping their cards and avoid excessive overdrafts according to their own economic situation.

When you say that you use your credit card regularly, it's probably because you've been overdue, either because it's been a long time or because it's a large amount of late.

It's better to withdraw less cash

As long as you repay the loan on time, it will not affect your limit. However, it is better not to use it for cash-out, as it can be easily derated.

1 If the minimum repayment amount is 80, the interest on the remaining part of 720 yuan and 800 yuan is all included in the minimum repayment amount of the next bill, that is, it must be paid off before February 8, of course, it can be repaid in advance, and it is not in the interest-free period, the sooner the better. 720 + 720 * overdraft days + 80 * overdraft days (these two overdraft days are of course different), which is what you must pay before February 8.

2 It's okay to withdraw cash from the cards of other banks, but if it's not really unacceptable, it's really not cost-effective, and it doesn't make sense to itself, and you take out the same account and then deposit it, wasting 10 yuan in charge.

3 The most cost-effective repayment is to repay in full, only by paying in full can you enjoy interest-free treatment, followed by repaying the minimum repayment amount and paying more interest for a month. It is not recommended to withdraw cash and repay it, and credit cards are often withdrawn, which is easy to become a card slave, and the pressure will be great.

800 yuan is not enough, borrow it from relatives and friends around you.

Hello, the minimum payment amount of the credit card is the minimum amount that you must repay before the due date of each month, you can not repay the full amount but the repayment amount of each installment must be greater than the minimum payment amount, which is the basic repayment requirement for you to maintain a good credit history. If you choose the minimum repayment and are not eligible for the interest-free repayment period, interest will be charged on all purchases in the current period from the billing date (usually the day after the purchase) at 5/10,000 per day until you pay off the full amount. If you pay off the current amount listed on your bill in full before the payment due date, you'll be eligible for an interest-free period.

You can choose your repayment method on a case-by-case basis. Minimum Repayment 10% Cash Advance Principal + 10% Non-Cash Advance Transaction Principal + 100% Fees + 100% Interest + 100% Excess Spending + 100 Outstanding Portion of Previous Minimum Repayment + 100 Single Instalment Amount. Please refer to the minimum repayment amount stated in the statement.

Cash advances will incur fees and interest. Handling fee: The handling fee for domestic RMB cash advance is calculated at 1% of the amount of each cash advance, with a minimum fee of RMB 10 per transaction, and the handling fee for overseas cash advance (including Hong Kong, Macao and Taiwan) is calculated at 3% of the amount of each cash advance, with a minimum fee of RMB 30 or US$3 per transaction; Interest:

Interest-free repayment is not available for cash advance transactions, and interest will be charged at a daily interest rate of 5/10,000 from the transaction date to the date of repayment, and compound interest will be charged on a monthly basis. If the interest is accrued in full, the sooner the loan is repaid, the better. Please click on the ** below to view.

1.The rest of the money should also be repaid as soon as possible, in advance, and in full. Because interest is also calculated, it is calculated from the day the card is swiped.

2.It can be returned in advance. Because interest is calculated, the sooner you pay it, the less interest you will have.

3. The minimum repayment is cost-effective. The minimum repayment and cash withdrawal are charged at an interest rate of 5/10,000 per day. 800 yuan is about 4 jiao per day, but there is a minimum handling fee of 10 yuan for cash withdrawal, which is not cost-effective.

800 yuan is not a lot, see if you can make it up and pay it back in full.

The bill for each instalment is the same, and it is good to have at least 10% of it.

If you don't understand, call that 800 for free**, the service attitude is very good, if it's a mobile phone, just change 800 to 400.