Cash withdrawals with Bank of Communications credit cards can be repaid in installments. Bank of Communications supports bill installments, both for consumption and cash withdrawals. However, there is a handling fee and you need to manually call the customer service number to apply. Generally, credit cards have numbers on the back, and you just need to pay them back before the due date.
For example, if your bill date is the 7th of each month and the due payment date is the 25th of each month, if you withdraw the money yesterday (2014.11.21), then you have until 2014.12.25 Just repay.
It is worth noting that credit card cash withdrawals are generally for emergencies. Cash withdrawals are not interest-free, and an interest of 0.5% will be charged every day. If you withdraw 4,000 yuan, ignoring the cash withdrawal fee, you will need to pay back 2 yuan in interest every day.
Extended information:
Instalment payment
Instalment payment for Bank of Communications credit card consumption is to Pacific Dual Currency Credit Card, Liu Xiang VISA Credit Card, Y-POWER Credit Card, Pacific RMB Credit Card , provided by principal cardholders and supplementary cardholders of various co-branded credit cards;
The starting amounts of Bank of Communications credit cards are: RMB 1,500/USD 100; (Y-POWER card RMB 500/USD 60)
Optional number of installments: You can freely choose from 3, 6, 9, 12, 18, and 24 installments;
The credit card consumption installment limit of Bank of Communications is within Released in installments after repayment.
Charge Standard:
Instalment Amount (RMB) Installment Handling Rate
Since July 15, 2011, Bank of Communications will “pay whatever you want” The bill installment fee is uniformly adjusted to 0.72%/month. For "split as you want" bill installments that cardholders have successfully handled before July 15, 2011, the handling rate will still be based on the original rate.
Handling fees for cash withdrawal within the credit limit and overpayment of cash withdrawal:
Cash withdrawal within the credit limit means that the cardholder uses the credit limit to overdraft to withdraw cash, and needs to pay part of the fee.
Overpayment cash withdrawal is the withdrawal of funds overpaid by credit card customers during repayment or funds deposited in the credit card account in cash, without charging interest and only paying part of the handling fee.
Baidu Encyclopedia--Bank of Communications Credit Card
Baidu Encyclopedia--Cash Withdrawal