How to apply for installment payment with a credit card

The methods for applying for credit card installment payment are:

1. Handle at an outlet:

Cardholder You can go to the bank business hall with your ID card and credit card, apply for credit card installment from the staff, and then fill in the application form. After filling it out, you can apply.

2. Customer service hotline:

Cardholders can call the customer service hotline of the credit card center. After answering the phone, follow the prompts to connect to the manual service, and then indicate to the staff that they want to apply for a credit card. For installment payment business, you can handle it after providing your ID number and credit card++ as required.

3. WeChat processing: (Honor 20, download the WeChat APP from the App Store)

Cardholders can follow the Credit Card Center official account on WeChat, and then find it in the menu bar below WeChat Installment payment can be processed at the entrance.

4. Online banking: (For Honor 20, download the bank APP corresponding to the credit card from the application mall)

Card holders can log in to the official website of the card issuer, find the credit card column, and select installment payment Business, you can then log in to your personal account to handle it.

The main consequences of non-payment of credit card payments are:

1. High overdue interest will be incurred.

2. The bank will sue ++++, which will incur economic losses such as litigation costs and attorney fees. 3. An individual will have a bad credit record, which will have an impact on future bank cards and loans.

4. If the amount of debt is more than 10,000 yuan, it constitutes a credit card++ crime and will be held criminally responsible.

Article 196 of the "Criminal Law" The crime of credit card++ falls under any of the following circumstances: if the amount is relatively large, the person who carries out credit card++ activities shall be sentenced to not more than five years++++ or criminal detention, and shall also A fine of not less than RMB 20,000 but not more than RMB 200,000 shall be imposed; if the amount is huge or there are other serious circumstances, the fine shall be not less than five years but not more than ten years, and a fine of not less than RMB 50,000 but not more than RMB 500,000 shall be imposed; if the amount is particularly huge or there are other serious circumstances, the fine shall be not less than five years but not more than ten years. If there are other particularly serious circumstances, the offender shall be sentenced to not less than ten years ++++ or ++++, and a fine of not less than 50,000 yuan but not more than 500,000 yuan, or property confiscation.

Advantages of credit cards

You can use overdrafts without deposits, and you can enjoy an interest-free period of 20-56 days and pay back on time without any interest charges (most banks will charge you no interest on cash withdrawals on the same day) An interest of 50,000 yuan will be charged, as well as a 2% handling fee. ICBC cash withdrawals are free of handling fees and only charge interest).

Swiping your card when shopping is not only safe and convenient, but also provides points for gifts.

You can enjoy discounts when you use the card at the bank's designated merchants.

Accumulate personal credit and add a record of integrity to your credit file that will benefit you throughout your life.

It is accessible nationwide and you can withdraw money or make purchases by credit card at ATMs and POS machines with the UnionPay logo;

How to apply for credit card installments

How to apply for credit card installments :

1. To apply by phone, call the customer service number of the credit card bank, select manual service according to the prompts, and then tell the customer service the amount and number of installments you want to apply for, and wait for the application to be approved.

2. For online banking, log in to online banking and credit card accounts, select bill inquiry, then click on bill installment, fill in the form completely and submit it, waiting for approval.

3. Use WeChat to apply, add the bank’s WeChat service account, and follow the prompts on the page to select card application and installment services.

4. To apply at a bank outlet, you can go to the bank's business hall with your ID card and credit card to pick up the number and apply directly.

How to repay a credit card in installments

How to repay a credit card in installments:

1. Bill installment application time

From the transaction date to Until the repayment date, you can freely choose to make installments for transactions under RMB or USD accounts.

For transactions that have not been billed: You can apply for installment between the day the transaction occurs and 19:30 on the billing day corresponding to the transaction.

For bills that have been issued: You can apply for installments between the day after the bill date and the due payment date (for customers whose accounts have set up automatic repayment, the application deadline is 17:00 on the due payment date) 00).

2. Conditions for bill installment application

Applicants must hold a China Merchants Bank personal credit card master card, have good card usage records, and have no delays in current repayment. Customers who only hold commercial cards, business cards, purchasing cards, ANA guaranteed cards or supplementary cards cannot apply for bill installments at the moment.

3. Amount of bill installment application

To apply for RMB bill installment, the minimum application amount each time is not less than RMB 300; to apply for USD bill installment, the minimum application amount each time is not less than RMB 300. $100. After successfully applying for RMB or U.S. dollar bill installments, the principal of each installment and each installment handling fee will be credited to the RMB account, that is, the U.S. dollar bill installment amount will be converted into RMB according to the exchange rate specified at the time of application.

Extended information:

Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder. consumption funds, and then allow the cardholder to repay the bank in installments and pay handling fees. The bank will deduct consumption funds and handling fees from the cardholder's credit card account in installments based on the cardholder's application, and the cardholder will repay according to the monthly credit amount.

Cancellation of credit card installment:

After the credit card installment has not been executed by the system or within the cancellation time specified by the bank, you can directly call the customer service number or cancel the installment through online banking.

If the credit card installment has already started, the cardholder cannot cancel it. However, you can choose to repay in advance. It is worth noting that cardholders must have enough funds to repay in full before they can apply to the bank to settle the installment in advance. In addition, early repayment installment handling fees still need to be paid, but no additional early repayment handling fees will be charged.

It is worth mentioning that if your credit card repayment date is on the 13th and you do not have the money to repay it in full, and your salary day is on the 15th, then compared to installment repayment, the minimum payment is The payment method is the most cost-effective.

The difference between credit card transaction installment and bill installment:

1. The time is different:

Transaction installment is generally after the consumption occurs, the transaction is recorded, but the bill is not returned It is handled before the bill comes out; while the bill installment is usually done after the incoming transactions are summarized and settled. After the bill comes out, it is handled before the repayment date arrives.

2. Different amounts:

If a credit card is used for transaction installments, the entire amount of the entire transaction can usually be installmentd, but if it is used for bill installments, it is often only Approximately 90% to 95% of the bill amount can be installmentd.

In addition, the respective handling rates may also be different (of course, whether it is transaction installment or billing installment, if the number of installments selected is different, the respective handling rates themselves will also be different. The difference is subject to the page display). There may also be differences in the choice of the number of installments. For example, some credit cards can choose to divide the bill into 36 installments, while the transaction installment can only choose to divide into 24 installments at most, and there is no option of 36 installments.

How to repay credit card in installments

Credit card bill installment refers to the installment of unbilled transactions and billed transactions. The application qualifications, installment amount, number of installments and rates are subject to the comprehensive evaluation of the credit card center. [You can click here for the web link].

If it is a China Merchants Bank credit card, you can apply for bill installment through the following channels:

Handheld Life: After logging in to Handheld Life, click Finance → Installment → Bill Installment, fill in the amount and number of installments, and then Click "Preview Order" to submit your application.

Online banking: Log in to the public version or professional version, click "Instalment Management" - "Bill Installment - Deposited" / "Bill Installment - Not Deposited" - "Instalment Application" on the credit card interface.

Mobile banking: After logging in to mobile banking, click My → All → Credit Card → Installment to enter the operation page. Enter the application page to see the optional number of installments and installment rates.

Credit card telephone channel: Dial the credit card customer service hotline and press the button to directly state the business you need to apply for.

(Response time: March 4, 2021. For the latest business changes, please refer to the official website of China Merchants Bank)

How to repay a credit card in installments

If you want to repay a credit card in installments, You can choose to pay in installments at the time of payment, or you can choose to repay in installments at the time of repayment after full payment. When the user chooses to pay in installments, the number of installments will be set on the payment page, and the user only needs to swipe the card.

After paying in full, users can choose bill installment, so that they can repay in installments.

In fact, installment payment and installment repayment are essentially credit card installments, and the effect is that the user repays in installments. The user can choose any installment method.

Credit cards can be repaid in up to 36 installments, and most banks can be repaid in up to 24 installments. After the credit card is installed, you need to pay the installment fee. Although the monthly repayment pressure is reduced, the total repayment amount increases. And frequent installment business is also a sign of the user's poor economic status. In fact, this is not conducive to repayment.

Some users believe that by handling installment business, banks can receive more handling fees and are more willing to increase credit card limits. This understanding is wrong. When a bank raises a user's credit card limit, it mostly refers to the user's credit report, repayment ability, credit card usage, etc.

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This ends the introduction on how to pay in installments with a credit card and how to pay in installments to buy a mobile phone with a credit card. Have you found the information you need?