Car purchase by credit card installment is a credit card installment business launched by banking institutions. The credit limit that cardholders can apply for is 200,000-200,000, depending on the situation of some banks; There are three stages: 12 months, 24 months and 36 months. There is no loan interest rate for credit installment car purchase. Banks only charge handling fees, and the handling rates for different periods are different.

Due to the limited credit limit of general credit cards, the issuing bank will generally require the cardholder to provide financial proof. Financial documents recognized by banks include real estate license or commercial housing sale (pre-sale) contract and purchase invoice. Some banks require the credit card overdraft limit to be1-200,000 yuan, and some banks allow cardholders with good credit to apply for a credit line to buy a car separately.

Obviously, with the demand of customers, more and more domestic banks will provide credit card installment car purchase business. At present, there are CCB Longka installment car purchase business, BOC car loan business (Beijing only), China Merchants Bank car loan business, Minsheng Bank car loan business, ICBC peony card installment car purchase business, and some local city commercial banks such as Hankou Bank and Bank of Ningbo.

However, every bank has its own threshold: China Merchants Bank must pay more than 30% down payment before it can be phased, while ICBC said that it can be phased in full. Some models of banks can also have zero handling fees. In addition, different models have different installment rates in different periods, and some banks only have designated installment models.

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