when does the credit card installment start to be repaid? This repayment will not be overdue!

after spending a lot of money with a credit card, cardholders often go to the credit card installment if they can't fully repay it. By amortizing the amount owed to each month, they only need to repay part of the principal and handling fee each month, and most importantly, they can enjoy an interest-free period. However, many cardholders don't know when to start repayment after handling the credit card installment. Let's introduce the credit card installment repayment time for everyone.

1. when will the credit card be repaid by installment?

this score can be divided into two situations. one is to see whether you apply for installment on the bill or after the bill date comes out.

1. installment of bills:

refers to installment of unpaid bills, which generally requires repayment this month. Because your first installment principal and installment fee are included in the minimum repayment amount of this bill, you must make repayment on the last billing date of this period.

2. installment after the bill:

this refers to installment of the amount that has been billed, which generally requires repayment after the next bill comes out. Because after the installment of the bill is successful, the principal and handling fee of the first installment will be included in the minimum repayment amount of the next installment, that is to say, you have to pay it back after the bill comes out next month. In the month of installment, you only need the amount of the bill that has not been installment.

For a simple example, the billing date of your credit card is 22nd of each month, and the final repayment date is 1th of each month:

If you divide the unpaid bill of RMB 3, into three installments on November 18th, you need to make repayment before the end of November 1th;

if you divide the 3, yuan bill into three installments on November 23rd, you need to make repayment before the end of December 1th.

second, how to repay the credit card by installment?

In many cases, it can't be ruled out that there will be no money to repay even after installment. At this time, some card friends will ask whether the amount after installment can be repaid in installments or at the minimum repayment amount. The answer is no.

because the amount to be repaid in each installment of the credit card has been included in the minimum repayment amount of the current bill, you must pay the minimum repayment amount to avoid overdue. Without money, it is still very dangerous. If it is considered as malicious overdraft, it will constitute a credit card, but it will be sentenced.

In a word, when the credit card will be repaid in installments mainly depends on the time for installment. Taking the billing date as the watershed, the repayment time is different. However, no matter whether your credit card installment repayment time is this period or the next period, you must pay back the minimum repayment amount of the current bill.

how to calculate the repayment date of credit card

hello, if you hold a China merchants bank credit card, the credit card has a specified billing date and repayment date, and the repayment period is periodic. "billing date" refers to the date when the card issuer summarizes the cardholder's accumulated outstanding consumer transaction principal, cash withdrawal transaction principal, expenses, etc. every month, calculates the interest and calculates the amount that the cardholder should repay. "Due repayment date" refers to the latest date when the cardholder should repay all the payable amount or the minimum repayment amount stipulated by the card issuer (the consumption amount can be repaid before the due repayment date, and it can be returned to the credit card before 24 o'clock on the repayment date at the latest). For example, if the 5th of each month is the billing date and the 23rd of each month is the repayment date, the consumption from the 5th of last month to the 4th of this month will be repaid on the 23rd of this month. You can call the credit card to manually confirm the billing statement and repayment date of your credit card.

when will the first installment be repaid after the credit card installment

The first installment will be repaid on the first repayment date after the bill date, in which the billing date refers to the date when the card-issuing bank collects and settles all transactions and expenses of the credit card account in the current period and calculates interest, and the billing date of the current period is before the repayment date of the current period.

For example, if your billing date is the 5th of each month, and you apply for the installment bill in that month, then your installment bill will come out on the 5th of next month, and the repayment date is generally about 2 days away from the billing date, so you can repay it between the 5th and 25th.

how to repay the credit card after installment

1. Each credit card has a billing date. At sunrise of the bill, there will be the amount you should repay in this period and the minimum repayment amount, as well as the final repayment date, bill details and so on. When you apply for cash installment business, after the installment business application is successful, it will be reflected in your next installment bill. At this time, you should repay the money according to the amount on each installment bill before the last repayment date, and don't be overdue. If you can't repay it in full, you can repay it according to the minimum repayment amount, but it is not recommended to repay it according to the minimum repayment amount, and there will be a handling fee for the remaining amount. For example, if the bill amount is 4329.1 and the minimum repayment amount is 216.45, then it must be repaid in full or according to the minimum repayment amount before August 5.

2. When you spend a large sum of money and you can't pay it off before the next repayment date, you can apply to the bank for installment payment. After the installment is successful, you only need to repay according to the amount of the bank's bill for each installment. Generally speaking, when you apply to the bank for installment, the bank will bill you on the next billing date after approval, and you need to start repayment from the first repayment date after application. For example, if you apply for installment on July 27, you will bill you on August 4, and the installment business will be reflected in the bill, and the bill amount should be paid off before August 24.

3. If you spend a large sum of money and don't apply for installment before billing, you need to apply for installment after billing. The banking system will judge whether your bill can be phased according to your consumption amount and bill amount. If you have applied for installment before the billing date, the banking system will not let you do it.

4. Usually, most large-sum transactions can be divided into installments. For example, after the sales cost is 39,5 yuan, and it is useless to apply for a single installment, you can only apply for the installment of the bill after the sunrise of the bill on August 4, so if you apply for the installment of the bill on August 6, you must pay off the installment amount and handling fee of the first installment before August 24.

China bank credit cards are divided into stages. When will the first stage be returned?

after installment, please make repayment according to the repayment amount shown in the next bill.

the above contents are for your reference. please refer to the actual business regulations.

This is the end of the introduction about how to repay the credit card by installment, the date of repayment and why it is still necessary to repay the credit card by installment. Did you find the information you need?