In the case of physical repayment of a credit card, you can negotiate with the card issuer to defer or repay in installments.

According to Article 70 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks", under special circumstances, if it is confirmed that the amount of credit card debt exceeds the cardholder's repayment ability and the cardholder still has the willingness to repay, The card-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement. The maximum term of a personalized installment agreement shall not exceed 5 years. The content of the personalized installment repayment agreement should at least include:

(1) Arrears balance, structure, currency;

(2) Repayment cycle, method, currency, Date and repayment amount in each installment;

(3) Whether annual fees, interest and other fees will be charged during the repayment period;

(4) Cardholders will pay in personalized installments A commitment not to apply for a credit card from any bank before the relevant amounts in the loan agreement are fully settled;

(5) Rights, obligations and liability for breach of contract of both parties;

(6) Repayment Other matters related to payment.

If both parties reach an agreement and sign an installment repayment agreement, the card-issuing bank and its card-issuing business service agency shall stop collecting payments from the cardholder, unless the cardholder fails to fulfill the installment repayment agreement. If an oral repayment agreement is reached, the card-issuing bank must retain the recording materials. The recording data will be retained at least until the date of settlement of the debt.

Extended information:

Article 93 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" Commercial banks shall establish and improve the prevention and control system and emergency plans for credit card business operational risks to effectively prevent Operational risk. The following risk assets should be directly included in the corresponding categories:

(1) Risk assets caused by cardholders applying for and using credit cards through fraudulent means, once confirmed, should be directly included in the doubtful or loss category.

(2) Risk assets caused by internal crimes or internal and external collusion should be directly included in the doubtful or loss category.

(3) Risk assets caused by system failures and operational errors should be directly included in the doubtful or loss category.

(4) Risk assets that have not yet been repaid after signing a personalized installment repayment agreement should be directly included in the substandard or doubtful category.

Baidu Encyclopedia - Measures for the Supervision and Administration of Credit Card Business of Commercial Banks