Minsheng Bank's credit card cash installment business means that credit card holders can transfer part of the credit limit to their own savings card account, freely use the funds for reasonable consumption, and enjoy interest-free installment payment for the 3rd, 6th, 9th and 12th installments, with only a certain formalities fee. The cash installment payment of Minsheng Bank's credit card can only be used for reasonable personal or family consumption, but not for investing in stocks, futures, real estate or other equity investments. Cardholders who apply for cash installment payment must keep the transaction vouchers, contracts or invoices that are consistent with the application purposes, and are obliged to provide the original of the above-mentioned certification materials at any time according to the requirements of Minsheng Bank Credit Card Center.
The cash installment payment business of Minsheng Bank's credit card is applicable to some main cardholders of Minsheng Bank's personal credit card (except platinum wealth management card, car installment, Tongbao installment credit card, new e-loan, parking space installment, Tongbao white-collar card and business card). The cash installment amount of cardholders is updated regularly, and the current cash installment amount of cardholders is valid from the seventh working day of each month to the last day of that month. The limit is not higher than 9% of the credit limit, and the amount that the cardholder applies for cash installment must be lower than the available limit of cash installment and not higher than the remaining limit of the current credit card account.
The number of installments that Minsheng Bank can apply for is 3, 6, 9 and 12, and the corresponding fee standards for each installment are: .9%, .75%, .75% and .75%, among which, 3 installments are selected for one-time fee collection, and the rest are for installment fee collection. Cardholders can call 4-66-95568 or the installment line 4-6-95568, or log in to Minsheng Bank's new personal online bank to check the cash installment amount and apply.
Savings account banks supported by cash installment business include Minsheng Bank, Industrial and Commercial Bank of China, China Construction Bank, China Bank, Agricultural Bank, Bank of Communications, China Everbright Bank, Postal Savings Bank, Shenzhen Rural Commercial Bank and Wujiang Rural Commercial Bank.