(1) charges different fees.

Cash advance will be charged with handling fee and interest. The handling fee is calculated according to each transaction 1% in China, with the minimum transaction 10 yuan and the minimum transaction/3% in foreign countries. The interest is calculated according to the daily interest rate of five ten thousandths until it is paid off.

Cash installment has only handling fee, no interest. The rates are: 0.95% for the 3rd installment, 0.80% for the 6th installment, 0.75% for 10 installment, 0.75% for 12 installment, 0.75% for 18 installment and 0.75% for the 24th installment.

(2) The conditions for handling are different.

There is no requirement to pay cash in advance as long as you have a credit card. You can advance cash by ATM, bank counter, online banking and telephone with your credit card. Cash installment needs to meet the following two conditions: holding a credit card and a debit card, and cash installment is limited to consumption.

(3) Different ways of use.

Borrowing in advance means withdrawing cash. In terms of cash withdrawal amount, it is affected by credit card amount. If the amount is 20,000 yuan and 5,000 yuan has been used, the maximum loan can be 6,543,800 yuan+0.5 million yuan. After applying for cash advance, you will get a cash loan from China Merchants Bank. You can use it for any purpose, similar to cash lending.

Cash installment is only used for consumption, not for investment, futures, house purchase, car purchase, etc. You need to keep the proof of consumption, and the bank will check it, which means you can't apply elsewhere.

China merchants bank official website-cash advance

China merchants bank official website-cash installment