Legal analysis:

The latest policies on interest suspension and suspension of credit cards of major banks

1. Shanghai Pudong Development Bank Credit Card: Interest suspension installments of 6 to 60 installments! Generally, there are exemptions. In particular, accounts with universal funds have strong reductions.

2. China Everbright Bank Credit Card: Interest-free installments ranging from 6 to 60! Everbright Bank’s processing efficiency has become higher recently.

3. China Merchants Bank Credit Card: Interest-free installments of 6 to 60 installments! China Merchants Bank’s processing speed has been accelerated, and it is generally accepted, but there is almost no reduction or exemption.

4. CITIC Bank Credit Card: Interest-free installments of 6 to 60 installments! Most commonly, a down payment of 5%-10% is required, but some do not require it.

5. Bank of Communications Credit Card: Interest-free installments of 6 to 60 installments! The specialty of Bank of Communications is that small amounts can be divided into multiple installments, and you only need to pay back a few hundred yuan each month.

6. Industrial Bank Credit Card: Interest-free installments of 6 to 60! The processing speed is relatively fast, and the number of installments given is relatively long.

7. Hua Xia Bank Credit Card: Interest-free installments range from 6 to 60! The processing speed is relatively slow and the number of installments is quite satisfactory.

8. Minsheng Bank Credit Card: Interest-free installments of 6 to 60 installments! Minsheng Bank is the slowest bank. The latest new regulations require that you must be overdue for 3 months before you can negotiate.

9. China Construction Bank Credit Card: Interest-free installments of 6 to 60 installments! The speed is slow and the number of installments is not high.

10. Industrial and Commercial Bank of China Credit Card: Interest-free installments of 6 to 60 installments! The speed is slow and the number of installments is not high.

11. Agricultural Bank of China Credit Card: Interest-free installments range from 6 to 60! You must be overdue for more than 4 months before you can apply, which is slow.

Legal basis:

"Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" Article 70 Under special circumstances, it is confirmed that the amount of credit card debt exceeds the cardholder's repayment ability and the credit card holder has If the cardholder is still willing to repay, the card-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement. The maximum term of a personalized installment agreement shall not exceed 5 years.

The contents of the personalized installment repayment agreement should at least include:

(1) Arrears balance, structure, currency;

(2) Repayment Period, method, currency, date and repayment amount of each period;

(3) Whether annual fees, interest and other fees will be charged during the repayment period;

(4) Holding Cardholders shall not apply for a credit card commitment from any bank before all amounts related to the personalized installment agreement have been settled;

(5) Rights, obligations and liability for breach of contract by both parties;

If both parties reach an agreement and sign an installment repayment agreement, the card-issuing bank and its card-issuing business service agency shall stop collecting payments from the cardholder, unless the cardholder fails to fulfill the installment repayment agreement. If an oral repayment agreement is reached, the card-issuing bank must retain the recording materials. The recording data will be retained at least until the date of settlement of the debt.