China Merchants Bank Credit Card Suspension Process

With the increasing number of credit cards, many people have applied for China Merchants Bank's credit cards, but they don't want to apply for card suspension during the use of credit cards. What is the process of suspending the use of China Merchants Bank's credit card?

China Merchants Bank Credit Card Suspension Process

1 First of all, the cardholder calls the customer service phone of China Merchants Bank and explains to the customer service the reason why the repayment cannot be made according to the actual situation;

2. After the bank agrees to stop the interest payment application, it will require the cardholder to sign a personalized repayment agreement at the designated business outlets;

After signing the repayment agreement, the cardholder chooses his own suitable repayment plan;

The bank has made a detailed repayment plan for the cardholder, and the cardholder can repay according to the plan.

It should be noted that stop-interest deduction needs to be applied and can only be implemented after approval. Otherwise, the cardholder can only repay according to the original repayment plan. In addition, the longest stop-interest deduction can't exceed 5 years, which means that the repayment plan can't exceed 5 years, and it must be fully paid off within 5 years.