Notes on installment payment with Bank of China credit card:

1. Once the installment operation is successful, it will take effect immediately and cannot be revoked. The applied installment cannot be repeated, and the amount and number of installments cannot be changed after the operation is successful.

2. The installment amount occupies the credit limit, and repaying one installment will restore the credit limit.

3. The deduction date for each transaction installment is the billing date. It will be credited to the account in installments starting from the latest billing date after the installment plan is established. Please repay according to the amount prompted by the bill. For installment transactions that are accounted for when they are due every month, the repayment amount that should be included in the bill for each installment as agreed upon for the installment payment × 100% will be included in the minimum repayment amount of the month. Overdue repayment will be charged at 5% of the unpaid portion of the minimum repayment amount. Liquidated damages.

4. The deduction method for the installment principal part of the transaction is the equal monthly deduction method, and the whole amount is recorded in the account. That is, when the total amount cannot be divisible by the number of periods, all remaining amounts are added up and deducted from the first entry amount.

5. The installment interest of the transaction installment is "collected in installments and repaid following the monthly bill".

6. If the card is overdue for more than 60 days, the remaining amount of the installment payment transaction and the installment interest will be credited to the account in one go on the 90th day.

7. The main card status of the Great Wall series credit card is abnormal, which does not affect the installment transaction of the supplementary card. The account status of the main card of the Great Wall series of credit cards is abnormal, and the supplementary card will not be able to operate installment transactions.

(Answer time: June 13, 2023)

The above content is for your reference, please refer to the actual business regulations.

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