Let's take the credit card withdrawal of China Merchants Bank as an example. The handling fee for each cash installment is 0.95%, and the handling fee for each installment is 95 yuan, with a total handling fee of 285 yuan; What if it is a direct cash withdrawal? From the date of cash withdrawal, five ten thousandths of the daily interest, plus the handling fee (1% of the single cash withdrawal amount, minimum 10 yuan), will need to pay 4 10 yuan interest+100 yuan handling fee after three months, totaling 5 10 yuan, which is 20% higher than the cash installment. In addition, the daily withdrawal limit of China Merchants Credit Card is 2000 yuan, and it is quite troublesome to withdraw 1000 yuan within five days.

Conditions for applying for cash installment in Shanghai Pudong Development Bank: the main cardholder with good credit status and normal card status.

Loan amount: the minimum is 65,438 yuan+0,000 yuan, and it is an integer multiple of 65,438 yuan+0,000 yuan.

Loan term: 3 installments, 6 installments, 12 installment, 24 installment and 36 installment.

Monthly handling fee rate: within the range of 0- 1.52%/ period, depending on the credit status of the cardholder and the card usage.

Whether to occupy the credit card limit: the frozen limit will be restored with the cardholder's repayment in each installment, until the cardholder pays off all the installment balance and handling fee in the last installment or in advance.

Matters needing attention in applying for cash installment:

1. Most cash installments will occupy the credit card limit, so you must know clearly before applying.

2. When handling the cash installment business, the cardholder also needs to repay on time, otherwise it will not only pay a higher penalty interest, but also affect personal credit.

3. Banks have different regulations on cash installment business, so it is necessary for card friends to confirm with the bank in advance the arrival time, interest and whether to occupy the credit card limit.

4. At present, banks generally require that cash installment funds "can only be used for consumption, not for investment". For example, China Merchants Bank stipulates that the money should not be used for investment (including but not limited to equity investment such as house purchase, stocks and futures), but only for consumption (including but not limited to decoration, household appliances, wedding, car purchase, student aid, tourism, medical care, etc.). ).