Campus credit card is a credit card product for college students. The credit line will be temporarily sealed until the customer graduates. By recharging first and then spending, cardholders can enjoy the credit card benefits of China Merchants Bank, such as catering discounts, movie tickets discounts, points accumulation, etc., and they can also enjoy the exclusive rights of campus credit cards, such as specific fee reductions and exemptions. You can also accumulate personal credit records when customers are studying, and have the opportunity to enjoy a higher credit line after graduation. At present, it is temporarily impossible to apply for staging.

First, credit card installment consumption

Credit card installment means that if a single consumption amount reaches the minimum consumption amount stipulated by the bank, the cardholder can apply to the bank to split the consumption into several repayments, and the bank will charge the consumption into your credit card account several times.

Second, credit card consumption installment details

1. Cardholders need to apply for installment before the billing cycle after consumption (between the consumption date and the billing date), otherwise the bank will deduct their credit card amount and cannot return it. (The specific application date depends on the bank)

After successful consumption, you can apply within 10 days before the due repayment date after the bill date.

2. The interest-free repayment period of general consumption installment business is 50 days, but it is 56 days for Shanghai Bank and 5 1 day for Minsheng Bank. When the cardholder repays the loan outside the interest-free period (overdue repayment), he has to pay a certain amount of late payment fee (5% of the unpaid part) and interest (five ten thousandths of the unpaid part, calculated by compound interest), and some banks will set a minimum amount of late payment fee.

3. The cardholder's consumption amount cannot be fully converted into installment payment. General banks stipulate that 90% of the cardholder's consumption amount can be converted into installment payment, that is, the cardholder has to pay a down payment of 10%.

Because the cardholder does not spend in the cooperative merchants (shopping malls or online) of the issuing bank, that is, the products purchased by the cardholder do not come from the merchants designated by the issuing bank, but apply for installment business after consumption, so don't confuse consumption installment with mail order installment and merchant installment.