The reasons why credit cards cannot be paid in installments may be caused by the following situations

Many people usually use credit cards when making purchases, but many people cannot repay on time after using them, so they want to use installments. However, the installment payment cannot be used when applying. So what is the reason why the installment payment cannot be used? Let me give you a detailed explanation so that you can pay attention to it in your daily life.

The reason why the credit card cannot be installmentd is probably because the cardholder’s bill does not reach the minimum installment amount. The bank has a minimum limit when applying for installment repayment. For example, the minimum amount must be more than 500 yuan to apply for installment. Repayment cannot be processed if the amount is lower than the amount. It should be noted that different banks have different regulations. You can call for consultation.

When applying for installment repayment with a credit card, some amounts cannot be repaid in installments, such as credit card annual fees, recurring interest, cash withdrawal limit, installment principal, liquidated damages, overdue amounts, temporary limits, etc., in the credit card When repaying, these amounts must be paid off in one lump sum, and installments are not allowed.

When swiping a credit card for consumption, the consumption limit cannot be greater than the credit limit, that is, the cardholder cannot swipe more than the credit card, and cannot apply for installments if the credit limit is exceeded. It should be noted that if the credit card consumption limit exceeds the bank's credit limit, an over-limit fee will be charged. Different banks charge different proportions.

When you use a credit card to make installment repayments, you can handle it smoothly, and you can choose different installments to repay. However, the handling fees charged for different installments are different. When handling, the user Generally, you choose the number of installments based on your income, but you can repay in advance after applying for installments.

If the user is sure that he cannot use installment repayment, he can borrow money from friends around him to repay the loan. This can avoid overdue credit card repayments. However, it is best to return the money to friends in a timely manner after borrowing money. Regarding the promised repayment date, it should be noted that when the user cannot repay the credit card debt on time, the user must reduce his consumption limit to avoid subsequent failure to repay on time.

The reason why the credit card cannot be installed in installments

The comprehensive score is insufficient, and the number of stages or time exceeds the limit. Some cardholders who are new to using credit cards may not be able to apply for installment due to insufficient overall score. In the subsequent process of using the card, the bank will comprehensively consider your card amount, frequency, and repayment status before deciding whether to provide you with the installment function. Some users with poor credit card swiping habits will also encounter this situation, such as frequent empty cards, abnormal credit card swiping times, abnormal card swiping times, etc. If the bank suspects cash withdrawals, they may also lose the installment authority.

The number of stages or time exceeds the limit. The number of credit card installments is limited. Generally, you can apply for bill installment within one billing day, and you cannot make another installment after the installment. In addition, there is a time limit for applying for installment payment. If you exceed the time limit, you will not be able to apply. The current month's bill installment can only be applied for in the current month. Cardholders can apply for bill installment business from the day after the current bill date to the last repayment date. After this time period, the current month's bill will not be paid in installments.

1. The reason why credit card cannot be installment is that part of the credit card cannot be amortized upon maturity. Credit card installment payments are usually limited to the amount of credit card purchases. Unpaid portions such as the minimum repayment amount, cash withdrawal amount, and temporary consumption limit cannot be applied for installment. The main reason why credit cards cannot settle accounts or pay cash in installments is that the bank's risk control limits the installment payment function due to the cardholder's own risk. Second, the number and amount of installments exceed the bank's limit or do not comply with the bank's installment regulations.

2. Due to the high overall debt of the cardholder, the use of the credit card installment function is limited. The overall debt of cardholders is too high. If the debt ratio exceeds 70 for more than three consecutive months, it is easy to be identified as a high-risk customer by the issuer. Generally speaking, the higher the debt, the weaker the corresponding repayment ability, and the greater the probability of overdue debt. In order to avoid risks, banks usually implement risk control on high-risk customers, thereby limiting the use of some credit card functions or even reducing the credit card limit.

3. Because cardholders have too many installments, the use of the credit card installment function is restricted. Although banks encourage cardholders to pay in installments, the installment repayment amount of cardholders' credit cards is too large, and most of them The installment is outstanding. Instead, banks worry about the cardholder’s ability to repay. In particular, long-term installments or long-term minimum repayments over multiple billing cycles are a bad sign of the cardholder's financial status. Banks will never provide timely help to customers who are short of money. Banks will consider such customers too risky and may be overdue at any time. In order to avoid risks, banks usually strengthen risk control, from restricting cardholders' installment payment functions and withdrawal functions to reducing the amount.

4. The cardholder’s serious use of the card in violation of regulations has limited the use of the credit card installment function. Serious credit card violations generally refer to overdue credit card payments or obvious cash outs. Late payment beyond the credit card tolerance period is the most annoying behavior for banks. Occasionally one or two short-term overdue behaviors will not have any impact on the use of the credit card. If overdue behavior occurs frequently, the cardholder will become a person who lacks the spirit of contract in the eyes of the bank, and the risk level of the cardholder will increase. It is excusable for the bill installment application to be rejected. In addition, each bank is now Strictly control illegal cash out. Many cardholders are locked in dark rooms, or the use of credit card functions is restricted, or even reduced or closed. Much of this was due to cashing out. Therefore, the use of bank cards should be avoided as much as possible. Even if there is no penalty, the increase in the amount is quite detrimental.

What to do if your credit card installment cannot be done? You need to understand these major reasons

Generally, the threshold for bank credit card installment business is relatively low, and the review is relatively fast. People need cash or When you encounter financial difficulties, you will always think of installment business, whether it is cash installment or bill installment. What should you do if you cannot make installment?

Let’s take a look at why credit card installments cannot be applied for. What are the reasons?

1. Poor personal credit record

Although the threshold for applying for credit card installment business is relatively low, banks will also reject it if the cardholder’s consumption and repayment status are not good. For example, if you have a credit card consumption situation, the bank may suspect that you are cashing out through data monitoring; if your repayment record is not good, you have been overdue multiple times or you have not paid overdue. It’s normal to be unable to apply for credit card installments.

2. The purpose of cash installment funds is incorrect

Generally, when applying for cash installment from a bank, you will need to know the purpose applied for by the cardholder. The bank has clear regulations that the funds applied for cash installments cannot be used for investment (including but not limited to house purchase, stocks, futures and other equity investments), and can only be used for consumption (including but not limited to decoration, home appliances, weddings, car purchases, Student aid, tourism, medical care, etc.).

3. The cash installment amount exceeds the available limit

There is another situation where cash installment cannot be applied for, that is, your credit card limit has been overdrawn, or the credit card available limit is less than your cash installment limit. The amount cannot be paid in installments. For example, if your credit card limit is 10,000 yuan and you have overdrafted 8,000 yuan, if you apply for another 3,000 yuan cash installment, you can only apply after you have paid off the balance and restored your credit limit.

4. The bill installment amount is not enough

Through the above analysis of the reasons why credit card installments cannot be made, I believe everyone knows what to do if credit card installments cannot be made. In addition, cardholders can call the bank's customer service hotline for consultation and seek solutions. If you can't pay for the credit card installment, you can

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This is the end of the introduction about why my credit card cannot be installmentd and why my credit card cannot be installmentd. I wonder if you have found the information you need?