1. How to repay credit card in installments?

There are three main credit card installment methods: bill installment, cash installment and consumption installment.

1. Bill installment means that after the credit card statement is issued for the month, if you are under pressure to repay the full amount, You can apply for installment repayment of the total amount of the bill. A certain handling fee is required for the bill installment. The handling rate varies depending on the number of bill installments.

2. Cash installment means converting the credit limit in the credit card into cash, transferring it to the debit card, and then paying it back to the credit card in a specified number of installments. After applying for cash installment, cardholders only need to pay a fixed principal and handling fee every month. The handling fee rate for cash installment is higher than that for bill installment.

3. Consumption installment is to divide a single consumption into several installments. After the application is successful, the bank will divide the consumption amount into multiple installments and include them in the bill, and the user will repay each installment according to the bill. However, the single consumption amount applied for consumption installment must meet the minimum amount stipulated by the bank.

Credit card installment can help cardholders solve problems, but the installment rate is still quite high, so it is better to repay in full to avoid unnecessary interest. However, if you really can't pay it back, you can't wait for the credit card to expire, otherwise the interest you have to pay will be higher and your personal credit report will be affected. At this time, you can try the credit card bill repayment services launched by other financial institutions, such as Huanbei APP. After downloading the APP, you can apply for a credit limit and it will help you pay off the credit card debt before the credit card repayment date, and then you can repay the money to Also, the whole process is operated by mobile phone, which is super convenient.

About credit cards

Credit Card (English: CreditCard), also called credit card. It is a non-cash transaction payment method and a simple credit service.

A credit card is generally a special carrier plastic card with consumer credit that is 85.60 mm long, 53.98 mm wide, and 1 mm thick. It is issued by the bank to individuals and organizations, and can be used to shop, consume, and deposit and withdraw cash from the bank. It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front and a magnetic card on the back. strip, signature strip.

Credit cards are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when using the credit card, and repayment will be made on the billing date (English: BillingDate).

On April 15, 2016, the central bank issued the "Notice of the People's Bank of China on Matters Related to Credit Card Business", canceling late payment fees on credit cards, introducing liquidated damages, and prohibiting over-limit fees. The new regulations were implemented in January 2017 It will be officially implemented on the 1st.

From 0:00 on August 29, 2019, when using the credit card repayment function, an additional 0.1 of the actual repayment amount will be charged as a handling fee for each credit card repayment. , the repayment amount and handling fee will be paid together.

2. How to repay credit card in installments

Yes.

Cardholders only need to apply for installment repayment from the bank after the statement date. There are many installment options now, such as cash installment, free installment, etc. Cash installment is mainly the installment applied for for the cash withdrawal amount. , free installment is to installment the bill.

Extended information:

Credit card installments can be repaid in advance, but you need to contact customer service in advance to terminate the installment. If you do not apply to terminate the installment, the remaining balance of the installment will not be billed at once, and the card limit will still be occupied. The money you deposit is only equivalent to a deposit.

In addition, even if the installment is terminated early, the handling fees for the remaining installments will still be charged. For example, if you repay 1,000 yuan per installment, 12 installments and 1,200 yuan each, if you pay back 1,200 yuan in one lump sum, the bank will only think that you have paid too much, and the rest is just overpayment. The bill is still deducted in one installment. If possible, you can cancel the installment payment first, then repay the loan, and click repay directly, but the specifics still depend on the bank's regulations.