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What does it mean when Bank of Communications shows that the balance will be converted to 6 installments after installment?

It means that your Bank of Communications credit card has handled the "balance installment" business for 6 installments.

The Bank of Communications credit card "pay what you want" installment business includes single consumption installments, balance installments and automatic installments.

Automatic bill installment application process:

1. Customer application: Log in to online banking or mobile banking to apply for the automatic bill installment service. The system will prompt the application approval result at that time.

2. Signing confirmation: Confirm the signing account (RMB, USD), the lower limit of the installment amount, the upper limit of the installment amount, and the number of installments.

3. Automatic installment: After the contract is successfully signed, the consumption of each transaction in your contracted account that is greater than or equal to the lower limit of the installment amount and less than or equal to the upper limit of the installment amount will be automatically paid according to the number of installments you signed. Convert to installment plan.

Extended information: Conditions for applying for installment:

1. The total amount of RMB or U.S. dollar transactions applying for installment business cannot be higher than the credit limit of the cardholder in the RMB account or U.S. dollar account at the time of application. The total amount of consumer debt owed;

2. The total amount of various installment businesses that the cardholder applies to occupy the credit limit cannot be higher than the fixed credit limit of the credit card when applying for installment payment. The cardholder’s credit limit in the credit card account Neither the deposits nor the temporarily increased credit limit can increase the limit used for installment business transactions. Relevant matters needing attention when applying for installment:

1. If the cardholder applies for installment for a single transaction, the actual amount of the installment transaction (hereinafter referred to as the "transfer installment amount") shall be calculated based on the original transaction amount and the actual transfer amount. During the installment transaction, the lower of the consumption arrears in the corresponding currency account of the credit card shall prevail. The cardholder cannot select or change the installment transaction amount at will;

2. If due to credit card repayment or For any other reason, the credit card's consumption debt balance in the corresponding currency account is lower than the initial installment amount when converting the credit card to an installment transaction, and the original transaction will not be converted into an installment transaction;

3. Hold If the cardholder applies for installment of consumption debt, he or she can select any amount (subject to meeting the above "installment amount conditions") to be converted into installment payment from the consumption debt that meets the application conditions.

Bank of Communications Credit Card - "Split as You Want" Installment Business