How to apply for installment payment with Bank of Communications credit card?

Like all banks, Bank of Communications also provides installment payment services for credit card holders. However, the bank’s installment payment business has There are many ways, and the processing methods of different methods are different. Let’s introduce to you the relevant matters of Bank of Communications credit card installment service.

Introduction to Bank of Communications credit card installment payment

The Bank of Communications provides three main methods of installment payment, including installment payment on demand, installment treasure and mail-order installment payment. The installment processing methods of different methods are different. The differences are as follows:

1. Divide as you want: If you want to handle this installment business, the cardholder needs to log in via SMS password user or certificate between 2 days after the transaction date and 3 days after the repayment is due. User version of online banking or call the 24-hour customer service hotline of the credit card center to apply. The installment can be freely divided into 3, 6, 9, 12, 18, and 24 monthly payments.

2. Installment treasure: If you want to apply for this business, it doesn’t matter even if you don’t have a credit card. As long as you rely on your personal credit and provide relevant materials on site, you can complete the installment application on the spot and you can get the one you like. When moving the goods home, if you apply for a large installment, you can also enjoy the long repayment period discount of four months of repayment~

3. Mail order installment: no need to swipe the card on site , as long as you make a phone call, send a fax or submit an instruction online, you can complete the installment payment transaction with a merchant thousands of miles away, with no interest or handling fees, and the goods will be delivered directly to your home.

2. Notes on installment payments with Bank of Communications credit cards

1. Not all transactions can be processed in installments. According to the provisions of the "Terms and Details of Installment of Bills If You Want" , installment payments cannot be processed for the following transactions:

1 Cash advance transactions, installment transactions, real estate transactions and various fees (such as annual fees, interest, late fees and other credit card charges);

2 Items separately designated by Bank of Communications.

2. There is a limit on the installment payment amount. The installment amount cannot be higher than the credit limit. Depositing in a credit card or temporarily increasing the credit limit cannot increase the maximum amount of the installment payment transaction.

What is the process of installment payment with Bank of Communications?

1. Spend RMB 1,500 or USD 100 or more with a Bank of Communications credit card in a single transaction;

2. Call the Bank of Communications credit card phone number: 400-800-9888 between 2 days after the card transaction and 3 days before the due date of repayment to inform the customer service staff of the transaction information;

3. The customer service specialist will inform you after a simple review If the application is successful, the Bank of Communications credit card installment payment is an interest-free installment payment and no interest will be charged, but the installment payment fee will be charged.

Extended information

1. The installment amount occupies the credit limit

For example, if a bill of 2,000 is spread over 12 months, assuming it is 200 per month, then Your credit limit will be reduced by 1,800 in the first month because it is occupied. Each time you make a payment in the future, a portion of your credit limit will be restored.

2. There is a handling fee for installments

Installation requires a certain handling fee. The more installments there are, the lower the installment interest rate. The installment handling charges vary from bank to bank. Whether the bill contains a bill that has been issued or a bill that has not been issued, and when applying for bill installment, the installment fee will be calculated based on the installment interest rate. Banks encourage cardholders to make installment payments. If there is no financial pressure, it is best to repay the loan in full.

3. Some consumption cannot be paid in installments

For example, the part that uses the temporary quota, such as the part that should be repaid in the previous installment (the installment applied for last month, will have to repay 200 this month, This 200 cannot be divided any more).

How to calculate the handling fee for Bank of Communications credit card installment?

Credit card installment fee calculation formula:

Handling fee = Installment principal and each installment handling fee.

For example, if a credit card installment of 3,000 yuan is divided into 12 installments, the handling fee is 0.72, and the handling fee for each installment is 3,000/120.723000/12

Credit card bill installment application requirements:

1. Bill installment application time

From the transaction date to the repayment date, you can freely choose to install installments for transactions under RMB or USD accounts.

For transactions that have not been billed: You can apply for installment between the day the transaction occurs and 19:30 on the billing date corresponding to the transaction.

For bills that have been issued: You can apply for installments between the day after the bill date and the due payment date (for customers whose accounts have set up automatic repayment, the application deadline is 17:00 on the due payment date: 00).

2. Conditions for applying for bill installments

Applicants must hold a bank credit card, personal card master card, good card usage record, and no delay in current repayment. Customers who only hold commercial cards, business cards, purchasing cards, ANA guaranteed cards or supplementary cards cannot apply for bill installments at the moment.

3. Amount of bill installment application

When applying for RMB bill installment, the minimum application amount per time is not less than RMB 300; when applying for USD bill installment, the minimum application amount per time is not less than RMB 300. $100. After successfully applying for RMB or U.S. dollar bill installments, the principal of each installment and each installment handling fee will be credited to the RMB account, that is, the U.S. dollar bill installment amount will be converted into RMB according to the exchange rate specified at the time of application.

This ends the introduction on how to apply for transportation credit card installment and how to cancel transportation credit card installment. I wonder if you found the information you need?