If the installment repayment is not implemented or within the cancellation time stipulated by the bank, you can call customer service directly or cancel the installment online. If you want to cancel the installment payment of China Merchants Bank, you can return the amount of the bill installment in advance, but even if you return the amount of the bill installment in advance, you will not return the bill installment fee already charged.

If the installment has been implemented and cannot be cancelled, you can choose to repay in advance, but prepayment cannot save the handling fee. The cardholder can call the credit card customer service to apply for prepayment by installments after applying for the current bill, and no extra prepayment fee is charged. The undistributed principal and handling fee of the cardholder's installment payment shall be fully included in the cardholder's current bill at the end of the application for early repayment.

Pay attention to credit card installment fee

Credit card installment repayment generally adopts equal principal and interest, that is, the average monthly repayment of principal and handling fee (interest). This has caused a situation that is easily overlooked-not all principal loans are the same length, and the earlier the principal is repaid, the higher the real interest rate.

With the average return of the monthly principal, the arrears occupied will decrease month by month, and the interest paid each month should be less and less. However, the installment fee is calculated according to the original principal, and the interest paid every month is the same. In fact, the interest is overpaid. Anyone who borrows money to buy a house knows that the total interest of a mortgage, the same loan term and interest rate, and the equal principal and interest is much higher than the average capital.