Bill installment is a service provided by banks for credit card holders to repay in installments after large purchases. If you choose bill installment, you can repay in installments without interest. You only need to pay the installment fee, and in general It is generally lower than the direct monthly minimum repayment amount, and the installment amount and number of installments are also relatively free.

The biggest benefit of bill installment is that it can alleviate the repayment pressure: when the single-issue bill is too high, the cardholder will be under greater pressure to repay in full, and bill installment can spread the bill. By spreading the repayments over multiple months, cardholders will have less repayment pressure.

In addition, choosing bill installment can also help increase your credit card limit. There is an installation fee for bill installment, which makes the bank make money. Of course, the bank will hope that the cardholder often handles the installment business. The underlying rule is that when cardholders apply for bill installments and apply for a credit card limit increase from the bank, the bank will be more willing to approve it, and the success rate of the limit increase will increase.