Buying a car by installment with a credit card is a credit card installment business launched by banking institutions. The credit limit that cardholders can apply for is 2,-2,, which can be divided into three categories: 12 months, 24 months and 36 months. There is no loan interest rate for car purchase by credit installment, and banks only charge handling fees. The handling fees in different installments are different.

Simply put, when you swipe your card, you only need to pay back the money in a single period and pay off the total amount in multiple periods.

Extended information:

From the form of installment payment, the starting amount of a single transaction is limited for cardholders to handle this business, and the level of installment repayment and the standard of handling fee are also different.

It can be roughly divided into three categories:

The first category is conducted by banks in cooperation with special merchants, but the products are limited;

the second category is the product catalogue provided by the bank, which is selected by the cardholder, and then the bank entrusts the supplier to deliver the goods to the customer;

The third category is not limited to merchants and commodities. Cardholders only need to apply to the bank for installment repayment after shopping. Some banks even set the acceptance scope as global.

Reference: Baidu Encyclopedia-Credit Card Installment