Credit card installment payment refers to the process that the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum when the cardholder uses the credit card to make a large amount of consumption, and then the cardholder repays the money to the bank in installments. According to the cardholder's application, the bank deducts the consumption funds by stages through the cardholder's credit card account, and the cardholder repays according to the monthly amount.
Bank credit card installment repayment process:
Users who call the bank's credit card service hotline only need to call the credit card center, telephone voice prompts, or jump ship to open installment payment service. You can choose the installment repayment method of 3, 6, 12 or longer.
Log in to online banking. Users only need to log on to the credit card website of their bank, click Register Online Banking, and then log on to the online banking page after setting the information. In the menu, they can pay in installments, or view a single consumption, and then click Apply for Installment. You can choose the repayment method of 6, 12 or longer.