Can I return the credit card of China Merchants Bank?

The money borrowed from China Merchants Bank's lightning loan cannot be used to pay back the credit card. After all, it is equivalent to paying back the bank's money with the bank's money. Moreover, even if this behavior has violated the use of funds stipulated by the bank, once this happens, it will be accused by the bank, and even the credit card is likely to be frozen, thus reducing personal reputation. To sum up, this behavior is not recommended for users.

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1. China Merchants Flash Loan is a credit loan launched by China Merchants Bank. It is only suitable for daily consumption and cannot be used for stock trading and investment. If the user uses China Merchants Flash Loan to repay the credit card, this behavior violates the bank's prescribed use of funds. It is likely that China Merchants Bank will ask him to upload the consumption voucher, and more likely, he will even ask the user to pay off all the loans at one time. Moreover, if the borrower often cashes in a large amount with a credit card and then repays with a flash loan, this behavior is bad use and is likely to be disqualified. If the bank finds that the customer pays back the credit card with the money borrowed from the lightning loan, then the customer is likely to be controlled by the bank, and in serious cases, the credit card is likely to be frozen by the bank. In addition, at the same time, China Merchants Bank also has the right to suspend the customer's lightning loan quota and require users to repay in advance.

2. After the lightning loan application is successful, it will be paid in cash. After the lightning loan is released, the funds can be used for daily credit card consumption, transfer or cash withdrawal, but not for investment and wealth management, stock market, securities funds, real estate and other directions; If it is used illegally, China Merchants Bank has the right to suspend the loan amount, which is likely to require users to repay in advance. Lightning loan can only be used for normal bulk consumption and transfer.

Third, the method of using flash repayment credit card is not very good, which may have serious consequences. The specific consequences are as follows:

1, high daily interest rate: compared with the same type of products, the interest rate is medium and high.

2. Credit investigation of loan records: If it is overdue in the use process, it will have a more adverse impact on personal credit than owing credit cards, and even affect daily life in serious cases.

4. China Merchants Bank's lightning loan is only open to qualified users, and not everyone can apply. In addition, in order to apply for a lightning loan, users must first open a China Merchants Bank card, and everyone can also pay attention to their mobile phone messages. If you receive a short message from China Merchants Bank about lightning loan, you can try to handle it.