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What does credit card cash installment mean?
cash installment, also known as cash withdrawal installment, is generally a installment method in which the cardholder applies or the issuing bank actively invites the cardholder to apply, and the cardholder's credit card amount is converted into cash, transferred to a designated debit card (our bank or other banks), and repaid by a specified number of monthly installments. In order to face the increasingly fierce credit card cashing, many banks, such as Huaxia Bank's Easy Money business, after reviewing the applicant's relevant qualifications, transfer the credit line of the credit card to the applicant's account in stages to provide disguised cashing.