When postal savings card holders are short of money, in addition to using the card to withdraw cash, there is also a more cost-effective way to withdraw cash, that is, the cash installment business launched by the credit card center, which can be repaid in installments from the credit card payment. Despite this, many cardholders still don’t know much about this installment service, and don’t know how to apply for it and whether it will occupy their credit card limit. Let's learn together.

How to apply for Postal Savings Credit Card Cash Installment:

Application conditions: Personal main card, corporate business card, exclusive card, gold leaf card, automatic installment card, MasterCard single Standard cards cannot be applied for;

Application amount: at least 1,000 yuan, limited to the amount that can be used in cash installments;

Application method: call the credit card customer service hotline 40088-95580 to apply.

Does Postal Savings Credit Card cash installment limit occupy?

At present, the cash installment business of Postal Savings Credit Card mainly transfers the money within the cash advance limit to the debit card in the cardholder’s name for repayment in installments, and the cash advance limit It is borrowing within the credit limit, so it will occupy the credit card limit.

After the cash installment is successfully completed, the cash installment limit within the credit limit will be frozen, but will be released with the monthly repayment until it is fully repaid.

[For example] Suppose your postal savings credit card limit is 30,000 yuan, and you plan to make cash installments of 20,000 yuan in 12 installments, with a handling fee of 0.80% for each installment.

After completion, your limit will be 10,000 yuan, and the other 2,000 yuan will be frozen, but when you make monthly repayments, the limit will be partially restored. For example, the available amount to repay the first-phase loan is 10,0020,000/12+20,000*0.80%=11,826.67 yuan.