Only credit cards can handle cash installment business. Credit card cash installment is essentially a kind of credit loan based on the credit card platform. The cardholder can apply for a certain amount of cash to be transferred to the savings card at one time based on the usage and credit status of the credit card, and then repay it in installments and pay a set proportion of Handling fee.

For example, China CITIC Bank's credit card cash installment business has slightly different loan times, amounts, and procedures. You can even apply for it without a credit card from the bank.

The maximum loan of 300,000 yuan for the short-term "Suiborjin" loan product of up to 20 days is limited to CITIC Bank credit card holders. The daily handling fee is 0.04 and is calculated on a daily basis.

Bank credit card bill installment application requirements:

1. Bill installment application time

From the transaction date to the repayment date, you can freely choose to pay in RMB or transactions under a USD account for installments.

For transactions that have not been billed: You can apply for installment between the day the transaction occurs and 19:30 on the billing date corresponding to the transaction.

For bills that have been issued: You can apply for installments between the day after the bill date and the due payment date (for customers whose accounts have set up automatic repayment, the application deadline is 17:00 on the due payment date: 00).

2. Conditions for applying for bill installments

Applicants must hold a bank credit card, personal card master card, good card usage record, and no delay in current repayment. Customers who only hold commercial cards, business cards, purchasing cards, ANA guaranteed cards or supplementary cards cannot apply for bill installments at the moment.

3. Amount of bill installment application

When applying for RMB bill installment, the minimum application amount per time is not less than RMB 300; when applying for USD bill installment, the minimum application amount per time is not less than RMB 300. $100. After successfully applying for RMB or U.S. dollar bill installments, the principal of each installment and each installment handling fee will be credited to the RMB account, that is, the U.S. dollar bill installment amount will be converted into RMB according to the exchange rate specified at the time of application.