Cash installment is an installment method that converts the credit card limit into cash, then transfers it to a bank card and repays it in installments. This installment method requires a handling fee. Different banks have different charging standards. Below I Take the Postal Savings Bank as an example.

How much is the postal savings bank credit card cash installment fee?

Credit card cash installments charge monthly installment interest. The installment interest rate is: 0.9% of the total installment amount for each of 3 installments, and the total installment amount for 6, 12, 18, and 24 installments. 0.75% of the amount, the approximate annual interest rate (simple interest) is: 5.39%-18.25% (for reference only).

Source: Postal Savings Bank

Postal Savings Bank credit card cash installment transfers can only be used for reasonable personal or family consumption, and may not be used for personal investment, production and operation, or purchasing houses and cars. bits and other consumer fields. If the cardholder fails to use the funds as requested or cannot provide proof of fund use as required, Postal Savings Bank of China has the right to require the cardholder to repay all remaining balances in cash installments in advance.

In addition, not all Postal Savings Bank credit cards can apply for cash installment. Card types that cannot apply for credit card cash installment include business cards, sharing cards, gold leaf cards, automatic installment cards, and foreign currency single-label cards. , Business card (Business card refers to a credit card that cooperates with a specific unit, such as Tangshan Iron and Steel Business Credit Card, Vosges Business Card, etc.).

The above is the entire content of "How much is the postal savings bank credit card cash installment fee?" I hope it will be helpful to you.