Merchants Bank Young Card Limit
Merchants Bank Young Card limit is generally divided into 3 levels, RMB 3,000-10,000 for Plain Card, RMB 10,000-50,000 for Gold Card, and RMB 50,000 or more for Platinum Card. The China Merchants Bank YOUNG Card is a RMB credit card launched by China Merchants Bank that only non-student customers under the age of 30 can apply for. The main features are cash advance limit of 100% of the credit card limit; double points calculation in the month of birthday month.
Chinese citizens and foreigners with the right of abode in China, as well as compatriots from Hong Kong, Macao and Taiwan, who are between the ages of 18 and 30, with full capacity for civil behavior, and a lawful and stable income, are eligible to apply for the China Merchants Bank Young Card locally. You can also apply for a supplementary card for your immediate family members who have reached the age of 16, with no more than 4 supplementary cards in one household.
Merchants Bank YOUNG Card White Youth Edition (UnionPay) Annual Fee: RMB 300 (first year free, next year free if you swipe your card 6 times), Annual Fee for Supplementary Card: RMB 150. China Merchants Bank YOUNG Card MasterCard Credit Card Annual Fee: RMB 100 (first year free, 6 times card swipes, next year free). China Merchants Bank YOUNG Card VISA Credit Card Annual Fee: RMB 100 (first year free, next year free for 6 swipes).
Minimum payment for China Merchants Bank YOUNG Card: 10% of the minimum amount owed.
Merchants Bank YOUNG card billing date: 5, 7, 10, 12, 15, 17, 20, 22, 25 days a month for the billing date, open the card can be adjusted billing date, can be changed once after six months.
China Merchants Bank Young Card Advantages and Disadvantages
China Merchants Bank Young Card Advantages:
1. The cash withdrawal limit is 100% of the credit card limit, with a daily cash withdrawal limit of RMB 2,000, and the first cash withdrawal of each natural month is free of handling fee. Starting from the second withdrawal, only 1% of the transaction amount, with a minimum of RMB 10/transaction, will be charged as domestic handling fee.
2. There is no limit to the number of installments. You can repay your bill in installments, and you can choose a longer interest-free period and more choices of installment amount and number of installments. Simply log on to the credit card online banking or call the credit card customer service line, you can apply for billing installment, and repay the amount of consumption in the bill by monthly installments. The bill installment is interest-free and only charges a handling fee.
3. Higher credit card security: two ways to verify your credit card spending: "Signature" or "Signature Password", and instant SMS spending alerts to ensure card security.
Disadvantages:
1. It is difficult to earn credit card points, and the points are not worth much, compared with the points policy of other banks.
2. The interest-free period is very short, and China Merchants Bank's interest-free period is the shortest among all card-issuing banks, with the shortest being 18 days.
December 3, 2002, China Merchants Bank officially issued the first domestic international standard dual-currency credit card, opened a new era of national credit card consumption. After more than a decade of struggle and growth, China Merchants Bank credit card has formed the three major visions of "to be China's best payment experience provider, to be China's best consumer finance expert, and to be China's leading diversified marketing platform", and has also won many honors.
Upholding China Merchants Bank's business philosophy of "changing with you", China Merchants Bank Credit Card has continuously refreshed cardholders' card experience through product innovation and service upgrades, and has become a leading brand in the credit card industry.
In recent years, China Merchants Bank Credit Card has been actively pursuing digital transformation, forging ahead, pioneering the construction of the financial Internet, and creating a technological legend in the domestic credit card industry.
In 2002, China Merchants Bank realized the integration and specialization of credit card services, and was the pioneer in China's credit card market. Since the issuance of China's first "One Card, Two Currencies" credit card in December of the same year, which meets international standards, it has achieved a series of remarkable results.
The China Merchants Bank Credit Card Center, with its centralized national operation, is the first credit card center in China to operate independently in full compliance with international standards, truly realizing the integration of credit cards and professional services. While refreshing each credit card record, China Merchants Bank credit card adheres to the service concept of "changing because of you" and the spirit of innovation, actively explores the market, expands the market alliance, deepens the market segmentation, the credit card functions and services are increasingly rich and perfect, is one of the most innovative joint-stock commercial banks in China.
Since the credit card business was launched at the end of 2002, it has taken the lead in launching the "buy air tickets by swiping the card and get millions of airline insurance", the first to launch the "overseas consumption, RMB repayment" business, the leading industry in carrying out the credit card interest-free installment business, and the first to launch the "text message transaction reminder" and "loss of the card, universal protection" and other functional innovations in the industry. In addition, the country's first permanent validity of points system, international 24-hour roadside assistance service has gradually become the service standard of the domestic credit card industry.
In terms of product and service innovation, China Merchants Bank credit card has created more than a hundred new products and services, and insisted on promoting the mode of heterogeneous cooperation, successively cooperating with leading enterprises in different fields of life, such as the department store industry, tourism industry, and the sports consumption industry, to provide cardholders with products and functional services in a dual sense.
In April 2006, China Merchants Bank took the largest market share in the industry in terms of the number of cards issued and formally announced that it would take practical action to build a "five-star credit card"; in September 2007, China Merchants Bank took the lead in putting forward the credit card service concept of "five-fold security," which consolidated its position as a leading brand in the industry.
What about the China Merchants Bank Young Credit Card?
The China Merchants Young Card is a credit card issued by China Merchants Bank. It is also known as the China Merchants Young Card credit card, as it is only available to young users. In terms of application requirements, applicants must be 18 years old and less than 30 years old (including), with full civil capacity. The black youth version is only available to non-student customers, and the young card campus version is only available to college students.
Benefits of the China Merchants Bank Young Card:
1. The cash withdrawal limit is 100% of the credit card limit, with a daily cash withdrawal limit of RMB 2,000, and the first cash withdrawal in a natural month is free of handling fee. Starting from the second withdrawal, only 1% of the transaction amount with a minimum of RMB 10/transaction will be charged as domestic handling fee.
2. There is no limit to the number of installments. You can repay your bill in installments, and you can choose a longer interest-free period and more choices of installment amount and number of installments. Simply log on to the credit card online banking or call the credit card customer service line, you can apply for billing installment, and repay the amount of consumption in the bill by monthly installments. The bill installment is interest-free and only charges a handling fee.
3. Higher credit card security: two ways to verify your credit card purchases: "Signature" or "Signature & Password", and instant SMS reminders to ensure card security.
Overall, China Merchants Bank's Young Card is still recommended for college students/people aged 30 and below.
Chinese bank young card young version of the conditions
Chinese bank young card young version of the campus version and non-campus version.
1. Application for campus version: College students who are at least 18 years old and under 30 years old (inclusive) can apply. The credit line will be temporarily blocked (no limit) until you graduate.
By making a deposit before spending, you can enjoy the normal benefits of China Merchants Bank credit card, such as dining privileges, movie ticket privileges, points accumulation, etc., as well as additional benefits exclusive to the campus version of the credit card, such as reductions in certain fees. You can also start accumulating your credit history from the time you are enrolled in school and have the opportunity to enjoy a higher credit limit when you transfer your credit card after graduation.
2, non-campus version please refer to the ordinary credit card application (during the school period, can find a job, can give the bank to open a work certificate and income proof can also apply for the non-campus version):
If you want to apply for credit cards with larger credit limits (such as platinum card), you need to provide proof of good financial strength, such as: a copy of the real estate license, car license (not driving license) copy; bank loan account (not driving license), a copy of the car license (not driving license), a copy of the car license. ) copy; bank loan account (good credit, no more than 60 days overdue) or a copy of the deposit slip, etc.
Expanded information:
Chinese bank young card to use and the standard credit card is different:
A, the two are different in the overview:
1, China Merchants Bank young card overview: China Merchants Bank Young card, is the China Merchants Bank launched only under 30 years of age of non-student customers can apply for the RMB credit card.
2. Overview of standard credit cards: Also known as credit cards, they are a way of paying for non-cash transactions, a simple credit service, and a proof of credit issued by a commercial bank or credit card company to credit-qualified consumers.
Two, the characteristics of the two are different:
1, China Merchants Bank young card features: after the user opens the online payment function, set their own cumulative spending limit, when the consumption accumulated to the limit needs to be reset, the previous cumulative record is cleared to zero.
2, standard credit card features: consumers with credit cards can go to the contracted commercial services shopping or consumption, and then by the bank with the merchant and the cardholder settlement, the cardholder can be in the specified amount of overdraft.