Only credit cards can be used for installment payment, bank debit cards are not acceptable.

If you already have a bank card, you can go to the bank to open a credit card. If you use the credit card to make purchases, you can repay in installments specified by the bank. For credit card installment repayment, the bank has specific regulations on how to repay it. One month is a repayment cycle, usually divided into 3 installments.

Benefits of installment payment:

1. Installment payment can effectively solve the contradiction between consumers’ purchasing desire and actual purchasing ability. With installment payment, consumers do not need to Pay the high price of goods in one go, but spread the total price over the next few years or even decades, relying on future income to reduce your own pressure, satisfy real consumption desires, and improve the quality of life.

2. Installment payment can solve some temporary capital turnover problems for consumers, help consumers make more reasonable use of their limited funds, make investments with greater benefits, or help some consumers to survive their own financial crisis.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , deposit and withdrawal of cash and other full or partial functions of electronic payment cards [1-2]. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is Credit Card.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the bill date.