1. What's the difference between credit card cash installment and bill installment?
Bill installment refers to the installment of eligible new consumption transactions in the current period after the credit card bill comes out, focusing on transaction installment, including transactions generated by credit card consumption or code scanning payment, excluding various interest rates of credit cards, as well as cash withdrawal and cash advance by credit cards. Installment payment is interest-free, but it will involve handling fees.
Cash installment is one of the cash advance services of credit cards. It aims to get cash by credit card, transfer the money in the credit card limit to my debit card and repay it in installments. You can still enjoy the interest-free period without paying interest, but you need to pay the installment fee.
Second, which is more cost-effective?
Need to compare the handling fee of two installments. Under the same number of installments, the handling fee for credit card bill installment is cheaper than that for cash installment.
Take CCB credit card as an example, there are five installment numbers to choose from, which are 3/6/ 12/ 18/24, in which the handling fee corresponding to bill installment is,, and the handling fee rate corresponding to cash installment is,,, assuming that the credit card is divided into 24 installments, and the handling fee for each installment is 62 yuan.
Finally, I would like to remind you that bill installment and cash installment can't be judged by the handling fee alone. After all, the two types of installment are different, and the services provided are also different, but as long as the cardholder has demand, they are all good.