Is there an interest-free installment quota for credit cards?
In fact, credit card interest-free installment can be roughly divided into two types, one is special installment, and the other is installment within the credit card limit. Different installment types occupy different quotas.
1, special line installment
It is also free of interest, and the handling fee rate is basically the same as that in the credit card quota, but the scope of the quota is different. General banks will grant special quotas to high-quality customers, which can be consumption installment quotas or re-evaluated cash installment quotas.
Any special installment amount, the principal and handling fee after processing will occupy the special installment amount, but it will not affect the credit card amount. What's your credit card limit, and what's it after handling the special installment limit?
For example, the credit line of China Merchants Bank is 50,000 yuan, the bank grants the cardholder an e-loan line of 65,438+10,000 yuan, and the cardholder divides the 30,000 e-loan line into 24 periods, so the available e-loan line becomes 70,000 yuan, and the credit line of China Merchants Bank is still 50,000 yuan.
2. Credit card line installment payment
It is the installment within the credit card limit, and it can also be divided into consumption installment and cash installment. After the installment is successful, the total installment amount and installment fee will occupy the quota at one time, and the previous installment will be returned, and the quota will be restored to the first installment.
Finally, I would like to remind you that although the special quota is phased and the credit card quota is phased, the quota occupation is different, but both of them will occupy the total credit line of the credit card. Once the amount is too high, it will affect credit cards, loan processing, and even credit cards can not be withdrawn. Therefore, everyone should be cautious when handling staging.