Some questions in the use of China Merchants Bank Young Card, experts please enter

ID: 95555

Ah, even if I'm mistaken, the credit card is indeed 800, sorry

Let's ask for you.

I've helped you call the customer service of China Merchants Bank, and the following is:

The first withdrawal of the card is free of charge every month, and if the first withdrawal is made in another bank, it is also free; Overdrafts are also free of charge, but the overdraft interest is calculated. Remember, it's just the first withdrawal of the month that's free;

2.It is not possible to add funds to the ** account with a credit card;

3.Counts towards the number of card swipes. (Note that this is an online payment, not a top-up account in 2).

4.The repayment question depends on how you set it up;

2) If you do not have a debit card from China Merchants Bank, depositing the money into the card before the repayment date will be regarded as repayment; If you want to repay the loan online, you must apply for a debit card from China Merchants Bank. Then at the counter or log in to online banking, link the debit card with your Young card and set up automatic repayment, and the repayment amount will be automatically deducted from your debit card on the monthly repayment date. Of course, if you don't want to repay the loan automatically every month, you can use online repayment, go to the online banking of the debit card, and use the online banking to transfer the repayment amount to your Young card; But the premise is that you have money in your debit card

China Merchants Bank's online banking (including debit and credit cards):

Additional Question: Yes, if you make a cash advance with a credit card, whether you deposit and withdraw or overdraft it, it will be considered a cash advance.

Personal advice: get a debit card, don't use a credit card to advance cash (unless you need an overdraft), deposit it into a debit card, and repay it online (or linked).

The first 3 questions upstairs are very clear.

Just talking about the fourth question, China Merchants Bank credit card cash advance does not distinguish between overdraft withdrawal or positive balance withdrawal in the card, that is to say, as long as the cash is withdrawn, it constitutes a cash advance transaction, and the interest will be calculated according to the daily interest rate of 5/10,000 and does not enjoy interest-free repayment and minimum repayment.

At any time after the overdraft occurs, as soon as the bank receives your repayment, it will be processed immediately to cover the overdraft limit of your account, and for cash advances, the interest on the repaid part will stop being calculated, so it will not be processed until the repayment date.

If there is no arrears before, but only an overdraft of 1,500 yuan is withdrawn after the bill date on July 5 (assuming July 7), the interest of 5/10,000 per day will be calculated from the day of withdrawal (assuming that the withdrawal can enjoy the preferential treatment fee waived on the first cash withdrawal fee of each natural month).

Because the bill has been issued on July 5th, the cash withdrawal on July 7th will be included in the next bill on August 5th, if there is no repayment during this period, the interest on the bill on August 5th is about 1500*, and the arrears of the current bill need to be repaid before August 23rd. If the minimum repayment amount is met before August 23, the repayment record will not be affected.

If you do not make the minimum payment before the due date, you will incur a late payment fee of 5% of the outstanding portion of the minimum payment, with a minimum of $10 or $1, and will affect your repayment history.

Therefore, it is recommended to repay the loan before the due date according to the arrears on the bill, and if it is inconvenient to repay the full amount, at least the minimum repayment.

As long as you make the minimum payment within the stipulated time, it shouldn't have an impact on your credit! If you are really unsure, you can also call the service of China Merchants Bank** and your repayment amount can be queried in your online banking, and there will be it in the electronic statement.

If you have money in your card, you will be exempted from the fee, but if you don't have money, you will be charged interest