Of course you can borrow money with a credit card. Cardholders can withdraw a certain proportion of cash based on the credit card limit, and the credit card loan limit is 50% of the total credit limit. Users can process prepayment or cash installment repayments through bank counter ATM machines or mobile banking. Credit card loan business is also one of the main businesses of credit cards, but credit card loans require certain fees and interest, and different banks have different fees and interests.

The difference between cash advance and cash installment

1. Different meanings: Cash advance means that the credit limit of a credit card is directly transferred to a savings account, and the user can use it to withdraw or transfer money, and then make a one-time payment All repayments; cash installment payment means that the user borrows small amounts of funds from the credit card center and repays them in equal parts;

2. Different loan amounts: the amount of cash advance shall not exceed 50% of the credit card credit limit, and cash installment payment shall Payment is not directly related to the credit limit of the credit card. The loan amount is related to the bank's credit rating of the user;

3. Different handling fees and interest. Cash advance requires a certain proportion of handling fees and interest, while cash installment No interest is charged on the payment, only a certain installment fee is charged.