Guangfa credit card can't repay after consumption, so it can be paid in installments. The bank will deduct the installment payment. Some card friends thought that the charged money would be released in the credit card, but they didn't see it. So, where is the money for Guangfa's installment payment? Let's analyze it.

1. What does the installment offset of Guangfa mean?

In the words of Guangfa Online Customer Service's automatic reply, "installment offset means that the bank handles the installment amount successfully handled by the customer, and then repays the installment principal and corresponding handling fee on a monthly basis according to the bill."

To put it simply, after the installment offset, Guangfa Bank will charge the installment amount for the bill of the current month, and only need the money that has not been installment, and then credit it once a month after repayment according to the installment situation.

For example, after spending 5,000 yuan with Guangfa Credit Card, it will be divided into three phases, including 3,000 yuan in installments. The monthly bill will show 3000 yuan in installments, and only 2000 yuan will be returned. The 3,000 yuan on hold will be credited to 1 0,000 yuan every month in the next three months, and every transaction will be offset to 1.

2. Where is the money for Guangfa's installment payment?

It's still in the credit card, but it was deducted from the credit card limit. After all, Guangfa will occupy the credit card quota by installment, but it will restore part of the quota with the monthly repayment.

In addition to monthly repayment, you can also settle the installment in advance. It should be noted that if the installment order of 2065438+April 2009 1 is repaid in advance, the remaining unpaid handling fee and unpaid principal need to be repaid in one lump sum; Subsequent installment orders only need to repay the remaining principal in advance, and at the same time charge 3% of the outstanding principal as a handling fee.