Credit cards play a very important role in modern people's consumption life. Their consumption and repayment characteristics make our lives more convenient. You may be familiar with installment shopping, but can you repay in installments with a credit card? Naturally, banks consider that many cardholders have difficulty repaying their credit cards, so in order to stimulate consumers to spend more with their credit cards, credit cards can be repaid in installments. Credit card installments are divided into two types: billing installments and consumption installments.

Taking ICBC as an example, the number of credit card installments and rates are as follows: 1) Minimum installment amount: bill installment starting from 800 yuan; single consumption installment is 600 yuan/HKD, 100 USD/EUR ; 2) Handling fee collection method: one-time payment in the first installment; 3) Application method: telephone application (95588), bank branch application, online banking application; 4) Application time: 3 days from the 2nd day of consumption to the due repayment; 5) Installment rates: 1.65% for 3rd period, 3.6% for 6th period, 5.4% for 9th period, 7.2% for 12th period, 11.7% for 18th period, and 15.6% for 24th period.

Credit Card Installment Bill Installment Credit card installment payment refers to a method in which the cardholder submits an application for installment payment of the consumption amount to the card-issuing bank by phone or other means after swiping the card for consumption and before the due repayment date. Consumption in advance. In layman's terms, it means that your debt can be repaid in several months.

For example: Xiao Ming holds an ICBC card, and his bill this month is 15,000 yuan. If he applies for 12,000 yuan in 12 installments, he needs to repay 3,000 yuan before the last payment date of the current bill. You need to pay 12000*7.2% (handling fee) + 12000/12 = 1864 on the repayment date, and 1,000 yuan per month thereafter.

Consumption installment of credit card installment payment Credit card consumption installment means that after the cardholder swipes the card for consumption, if the single consumption amount reaches the minimum consumption amount stipulated by the bank, the cardholder can apply to the bank to repay the amount. The consumption is divided into several repayments, and the bank then divides the consumption into multiple times and credits it to your credit card account. In layman's terms, after the card consumption reaches the minimum amount supported by the bank in installments, the consumption amount can be repaid in installments.

For example: Xiao Ming used an ICBC bank card to buy a 2,000 yuan mobile phone (the consumption is more than 600 yuan). The consumption is divided into 3 installments, so he needs to pay 2000*1.65%+2000/3 in the first month. =699.67, and then you need to pay 666.67 yuan per month.

Reminder: Each bank has different standards for credit card installments. Please consult your bank for details. Which credit card repayment software is the best? Choose your "Yizhong APP" WeChat credit card repayment (how to repay, limit, handling fee, arrival time) So, can credit cards be repaid in installments? The answer is yes. However, although consumption installment can help us repay the loan, it will also incur handling fees. It is still recommended that everyone consume rationally. Apply for a credit card to make your consumption life more enjoyable.