Take Credit Card Installments, These Are What You Need to Know
The BCA credit card installment option is the choice that many people make when making transactions. No wonder why this transaction option was chosen. Because there are a number of benefits that can be obtained.
As we know, the BCA credit card is one of the most popular credit cards in Indonesia. It’s only natural that this BCA product is in great demand because many people are promising. In addition, there are already many merchants that accept card payments.
Although it’s interesting, there are a number of things that you should be concerned about before taking advantage of BCA credit card installments.
There is a 0 percent interest installment program for a certain period
It’s good to have a credit card, one of which can enjoy installments with 0 percent interest. At BCA you can also feel the benefits.
You can take BCA credit card installments with 0 percent interest. This program is held by Bank BCA in certain periods.
As is currently underway, there is a BCA credit card installment program with 0 percent interest for those who conduct transactions abroad. The installment tenor starts from 3, 6 and 12 months with a minimum shopping transaction of USD 500 thousand.
BCA credit card installments do not apply for cash withdrawals
Sometimes credit card debt isn’t always used for shopping for goods or services. Quite a lot of people who prefer to get cash from credit cards by cash withdrawal.
Instead of being able to be repaid, apparently cash withdrawal funds cannot be converted into BCA credit card installments. Quite a lot of you know who does not know this information.
Hoping to be paid in installments and getting 0 percent interest, it turns out that the mechanism for refunding cash withdrawals isn’t like that. Then the interest charged does not apply per month, but per day you know. Your cash withdrawal is subject to 2.25 percent interest per day.
Not to mention that you are required to pay a cash withdrawal fee of 4 percent or a minimum of USD 40 thousand. So before you do cash withdrawals, think about it first. Because the interest is really big you know.
Not at all merchants apply 0 percent interest installments
It is true that there is a BCA credit card installment program with 0 percent interest. However, before choosing this payment method, make sure first if the merchant who collaborates with Bank BCA has a 0 percent interest installment program or not.
Because 0 percent interest installments do not apply at all merchants you know. In the end, because it does not confirm first, your installments are even charged 2.25 percent credit card interest. The desire to buy at a low price failed.
The 0 percent interest program does not apply to accumulated spending
Don’t think of the BCA credit card installment program with 0 percent interest applies for accumulated shopping huh! Investigate a calibaration, 0 percent interest can only be obtained for one transaction that happened to happen at that time did have a mortgage program without interest.
For example, you just buy a smartphone by taking installments without interest, then on the same day shopping for clothes with a credit card, the interest-free bill is only the smartphone you buy. While clothing bills are charged 2.25 percent interest.
Need a cash loan? There are BCA Instant Cash Installments
Instead of withdrawing cash, it’s better to use the BCA Instant Cash Installment offer if you need cash. BCA Instant Cash Installments is a cash loan program specifically provided to BCA credit card holders.
The loan amount depends on the remaining BCA credit card credit limit. The maximum loan size proposed is 50 percent of the remaining limit. While the installment tenor starts from 3, 6 and 12 months.
The interest applied for this loan is 0.75 percent. However, it can change according to Bank BCA policy.
If BCA Bank agrees with your loan application, the funds will then be sent to your BCA Giro, Tahapan, or Tapres account. Funds are sent no later than 3 days after getting approval.
Change your mind then cancel the submission? You will be charged a penalty fee of USD 100,000.
What are the terms and conditions for taking the BCA Instant Cash Installment program?
- Only the main card holder can take this program.
- The remaining limit is at least 40 percent of the total limit.
- For a minimum of a year already a BCA credit card holder.
- The minimum funds taken are USD 500 thousand.
- Funds are transferred to an account in the name of the credit card holder.