Shopping center installment payment

Also known as POS staging, it means that cardholders go to shopping places and shop in "shopping malls" that can be staged. When you check out, you need to pay by installment with a credit card that supports installment in this mall. Then the cashier will swipe the card on the special POS machine according to the number of periods required by the cardholder (such as 3 periods, 6 periods, 12 periods, etc.). There are also a few shopping malls that support the 24 th issue).

Note: When staging in the mall, you need to verify the identity of the cardholder and remember to bring your ID card.

Shopping malls are generally free in three stages. The rates for Stage 6 and Stage 12 vary from bank to bank. As long as the goods are sold normally in shopping malls, they can generally be paid by installments. In many cases, cardholders can also bundle multiple items together to settle accounts, and then pay in installments.

Mail order installment payment

It means that the cardholder receives the installment mail order catalog manual sent by the issuing bank (or the online installment mall of the bank) and chooses from the limited commodities. Then the bank orders in installments through online installment mall, telephone or fax installment application form, etc.

Generally, there is no handling fee for mail order installment regardless of the number of installments. However, due to the long ordering cycle (in many cases, it takes more than 15 working days to get the goods), and the return is relatively complicated. It is recommended to compare before buying.

Bill installment payment

This is the most convenient staging method, which can be basically supported by all issuers, and the application is simple. Users only need to apply to the issuing bank for installment by phone after spending their credit cards and before sending monthly bills. However, it should be noted that banks will stipulate some special circumstances, such as speculative credit cards can not be successful in installments. So before the trial run, be sure to read the trial run manual carefully.

The disadvantage of bill installment is that it can't exempt the handling fee. The longer the number of installments, the higher the handling fee, and the cardholder must bear it himself.

Extended data:

There are two ways to avoid installment fee: installment fee and one-time fee. Once the fee is collected, it will not be refunded.

1. installment charge: installment charge = the total installment principal approved by the credit card center × the installment charge rate of corresponding installments, which is charged monthly, apportioned on the first billing day after the installment application is successful, and recorded in installments on the billing day of each installment, and the balance is included in the last installment.

2. One-time charge: One-time charge = the total installment principal approved by the credit card center × the one-time charge rate of corresponding installments, and the total one-time charge is recorded on the first billing day after installment.

3. The charging standard of free installment will be adjusted on the basis of the following standard rates within the range of 0-0.90% for each installment according to the credit status and card usage of the cardholder. The actual rate is subject to the final evaluation results and bills of the Credit Card Center of Shanghai Pudong Development Bank.

Baidu encyclopedia-credit card installment payment