1. After the cardholder successfully applies for cash installment, the installment amount will be included in the bill from the latest installment bill. Principal payable in cash for each period = total principal for each period ÷ number of periods. The principal payable for each period (accurate to the minute) is credited to the cardholder's credit card account month by month, and the balance is credited to the last period.
2. The handling fee will be credited to the cardholder's credit card account by stages after the cash installment business is successfully handled. Cash handling fee per installment = total installment principal × handling fee rate of corresponding installments per installment. Once the handling fee is collected, it will not be refunded.
3. This bank provides cardholders with various periods, including 3 periods, 6 periods, 10 period, 12 period, 18 period and 24 periods, and the corresponding handling fees for each period are 0.95%, 0.8%, 0.75%, 0.75% and 0.75% respectively.
4. The principal payable in cash for each period and the handling fee for each period shall be recorded at the same time and fully included in the minimum repayment amount of the current bill.
5. After the cash installment is successful, the cardholder will freeze the installment application amount within the credit line, that is, the credit line will not be restored immediately. The frozen amount will be restored by installments with the cardholder's repayment in each installment, until the last installment or all installment balances are paid off in advance.
6. If the cardholder who has successfully handled the cash installment business still has extra money after repaying the current accounts payable on time, the money will not pay off the principal and handling fee payable in the next cash installment in advance.
7. For cash installment business, the points are calculated according to the installment principal allocated in each installment, and the accumulation rules are subject to the credit card points rules and terms of China Merchants Bank.
8. If the cardholder cancels the whole credit card within the repayment period, he must pay off the outstanding installment balance and the remaining unpaid handling fee in the successful cash installment business in advance.
9. If the cardholder needs to pay off the outstanding installment payment of the cash installment business in advance, he must call our customer service hotline to apply. After the application is approved, he must pay off the outstanding installment payment and the remaining unpaid handling fee in one lump sum, and the received installment fee will not be refunded.
10. When the cardholder handles the cash installment, it is deemed that he has applied for adjusting the credit line at the same time. Banks have the right to evaluate and decide whether to adjust the credit line of credit cards according to the credit status of cardholders and the use of credit lines. Whether the cardholder accepts the adjustment of the credit limit of his account by our bank or not, the cardholder has the responsibility to pay off the arrears that have occurred.
1 1. When the cardholder settles by cash installment, the bank has the right to adjust its credit line according to the comprehensive evaluation.