Because most credit card applications are successful, it is impossible to cancel or change the number of installments. Therefore, everyone should make a good choice before applying for staging.

The handling fee rates of different banks are different. Take the six-phase installment fee as an example, the highest is 4.2% of China Merchants Bank, the lowest is 3% of China Everbright, 3.6% of industry, agriculture, China Construction and 3.9% of Guangfa. 12 The highest installment fee is Guangfa 7.8%, and the lowest is Everbright 6%. ICBC, CCB and ABC are all 7.2%, while BOC is slightly higher than 7.5%. The highest installment fee for the 24th installment is 17.28% for Bank of Communications and Guangfa Bank, and the lowest is 14.4% for Agricultural Bank and China CITIC Bank.

Second, the credit line can only be restored after full payment.

Some friends think that after the installment, the credit line will be fully recovered in real time, but it is not. After applying for bill installment, the credit line will be fully restored only after all the money has been paid off. Paying off the current installment will only restore the corresponding paid-off amount.

Third, you can't apply for staging repeatedly.

After applying for bill installment, the repayment amount and installment fee of each installment shall be included in the minimum repayment amount of the current period. In other words, it is impossible to handle the bill installment, and this part of the money should be paid back first when the bill is repaid in the current month.

Fourth, pay the prepayment fee accordingly.

At present, there are two main types of fees charged by banks. One is to charge once in the first month, and then stop charging. The other is a monthly fee, that is, a certain handling fee is charged every month until the end of the installment. However, no matter what method is adopted, if consumers choose to repay in advance, they still need to pay the installment fee in full at that time.

If the handling fee is charged at one time, "the installment fee will be charged at one time after successfully handling the' installment purchase' business, and will not be refunded once it is collected"; If it is paid in installments, "the undistributed principal and handling fee of the cardholder's installment payment will be fully included in the cardholder's current bill at the end of the application for early repayment, and will be fully included in the minimum repayment amount, and will not be paid on schedule on the subsequent billing date." This means that even if the prepayment card stops installment, the handling fee will not be less than a penny, and prepayment is meaningless.

Fifth, the penalty interest is higher than the loan interest.

If the consumer fails to return the installment amount to the bank in time within the time limit, he will also pay a high "late payment fee for principal distribution". If you have to pay back 10000 yuan every month, but for some reason you forget to pay five ten thousandths of the penalty every day, then you have to pay back 150 yuan more every month, which is higher than the repayment interest. This will not only not enjoy interest-free, but also cause a bad credit record, which will not be worth the candle.