It's not cost-effective for CCB to treasure by stages.

CCB installment pass is a cash installment business launched by CCB for cardholders of the bank. Its biggest feature is that the loan period is long and the interest rate is .4%.

CCB installment pass is a credit card cash installment business. Unlike other banks, it adopts a list system and can only be used upon the initiative of the bank. CCB will call users for promotion according to the card usage records. If they are not invited customers, the application will be useless. It is famous for its long term and high quota. Ordinary installments are only 3 years, while CCB's can be 5 years. The most important thing is that there is no need to pay liquidated damages for early repayment. For the quota, some netizens said that they received a text message showing that the maximum quota was 15,, and some friends even reached 3,. Whether it is cost-effective for China Construction Bank to pass .4% by stages is understood through an example. Suppose you apply for a loan of 7, yuan, divided into 36 installments. The principal of each installment is 1944.44 yuan, and the handling fee is 28 yuan/installment. Then, the installment repayment amount =1944.44+28=2224.44 yuan. The loan is 7, yuan, and the handling fee for each period is 28 yuan. It should be reminded that the handling fee of CCB is always based on the initial loan amount of 7, yuan. Even in the last installment, the unpaid principal is only 1,944.44 yuan, and the handling fee of 28 yuan is still to be paid. In this way, the loan interest rate is very high. Therefore, the installment plan of CCB is more suitable for short-term borrowing.

If CCB cannot withdraw cash by installment, it can only swipe its card at the designated merchants. The specific merchants can consult the local CCB outlets and collude with the merchants to improperly withdraw cash, which is illegal to use the card. If it is discovered by the bank, the bank will take measures to reduce the credit card limit and further stop using the card.