It means that spending by credit card is successful. When buying goods, you can use a credit card to spend money, deduct the corresponding amount from the amount in the card, and pay back all the money you have spent when the repayment date is reached. This means spending in advance.

There are many ways to use credit cards. There are

extended materials such as POS card swiping, RFID card swiping, manual bill pressing and online payment.

Credit card installment refers to the business that when a cardholder uses a credit card to make a large amount of consumption, the card-issuing bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and according to the cardholder's application, the consumer funds are deducted from the cardholder's credit card account in installments, and the cardholder repays according to the monthly amount.

In the past, Whether it is bill installment or single consumption installment, the premise is to generate consumption behavior first, and then the bank will set up the installment repayment of the generated credit loan. ?

Most domestic banks in China have credit card installment business. Installment payment is generally divided into POS installment, "mail order installment" and bill installment according to different occasions.

Shopping mall staging

Also known as POS staging, it means that cardholders go to shopping places, such as "shopping malls" that can be staged. At the time of checkout, hold the credit card that supports installment in the mall to explain that installment payment is required. Then the cashier will swipe the card on a special POS machine according to the number of periods required by the cardholder (such as 3 periods, 6 periods, 12 periods, etc., and a few shopping malls support 24 periods).

note: when staging a shopping mall, you need to verify the identity of the cardholder, so remember to bring your ID card. Shopping malls are generally free of charge in three stages. The rates for the 6th and 12th installments are different from bank to bank. As long as the goods that are paid by installments are normally sold in the shopping mall, they can generally be paid by installments. In many cases, cardholders can also bundle multiple goods together to settle accounts, and then carry out installment.

mail order installment

means that the cardholder receives the installment mail order catalog manual sent by the card issuing bank (or the online installment mall of the bank) and selects from the limited commodities. Then, the bank will order by installment through online installment mall, telephone or fax the 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 period (in many cases, it will take more than 15 working days to get the goods) and the relatively complicated return and exchange, it is recommended to compare more before buying.

bill installment

this is the most convenient installment method, and all card-issuing banks can basically support this installment method, and the application is simple. Users only need to apply for installment to the issuing bank by telephone after spending their credit cards and before sending monthly bills. However, it should be noted that banks will stipulate some special cases, such as speculative credit card can not be successfully phased. So before staging, be sure to read the staging manual carefully.

the disadvantage of bill installment is that you can't avoid the handling fee. The longer the number of installments, the higher the handling fee, and all of them must be borne by the cardholder himself

Baidu Encyclopedia-Credit Card.