In order to meet the cash lending needs of cardholders, CITIC Bank launched a new cash business of American Express, which can be divided into 36 phases at the longest. After successful processing, electronic installment cards will be issued, which are mainly used for repayment. And many card friends have money in their hands, so they want to terminate the New Express installment in advance. Let's take a look at how CITIC New Express repays in advance.

1. How does CITIC New Express repay in advance?

CITIC New Express now supports prepayment. Cardholders need to call the customer service hotline of CITIC Credit Card at 40069-95558 to apply.

After the application is successful, CITIC Bank will settle the bill in one lump sum, and the cardholder's unexpired principal and unexpired cash installment fee will expire in advance, which will be included in the minimum repayment amount of the next bill of the cash installment electronic card. However, because there is no physical card in the cash installment electronic card, it can only be repaid through online banking or third-party platforms.

2. Is there any charge for prepayment by CITIC New Express?

Friends who have handled the installment of CITIC credit card bills know that credit cards are repaid in advance by installments, and the remaining installment fees must be paid in one lump sum, but the cash installment business is different.

In other words, CITIC New Express does not need to pay the remaining unpaid advance payment. However, it needs to pay 3% of the outstanding principal as the prepayment fee.

For example, if you handle 60,000 yuan of CITIC Express and divide it into 12 installments, you will decide to repay in advance after six installments, and you only need to pay the prepayment fee of 30,000 * 3% = 900, and you don't need to pay the remaining six installments.

To sum up, after successful cash processing, CITIC Express supports early repayment, but it must be returned to a separate cash account of Express, not directly to a credit card account, otherwise it may be overdue and affect personal credit.