Credit card is a convenient and quick way of consumption. Credit card installment can make consumers use credit cards more flexibly, allocate high consumption to different installments, and help consumers pay off their credit card bills more easily. So, what are the types of credit card installment payment?

What kinds of credit card installment business can be divided into?

Most domestic banks have credit card installment business, and installment payment is generally divided into shopping mall installment, "mail order installment" and bill installment according to different occasions.

Shopping center installment payment

Also known as POS staging, it means that cardholders go to shopping places and shop in "shopping malls" that can be staged. When you check out, you need to pay by installment with a credit card that supports installment in this mall. Then the cashier will swipe the card on the special POS machine according to the number of periods required by the cardholder.

Mail order installment payment

Refers to the cardholder who receives the installment mail order catalog manual sent by the issuing bank or the online installment mall of the bank and chooses from the limited commodities. Then the bank orders in installments through online installment mall, telephone or fax installment application form, etc.

Bill installment payment

This is the most convenient staging method, which can be basically supported by all issuers, and the application is simple. Users only need to apply to the issuing bank for installment by phone after spending their credit cards and before sending monthly bills. However, it should be noted that banks will stipulate some special circumstances, such as speculative credit cards can not be successful in installments. So before the trial run, be sure to read the trial run manual carefully.