The meaning of credit card repayment in 6 installments is that the credit card repayment amount is repaid in 6 installments (6 months). There will be 6 repayments, and the principal and interest repaid are distributed to each installment. Repayment in progress.

(1) Credit card installment repayment is a staged repayment business launched in order to avoid penalty interest on the entire consumption limit when the customer is unable to repay the credit card overdraft amount in one go.

(2) The application procedures and scope of application for installment repayment are different. Installment repayment business does not require specifying the consumption place and consumption category. If the customer realizes that he cannot repay the loan in full on time after swiping the card, he can call to apply. However, it should be noted that the installment repayment fee is relatively high, which is generally higher than the commercial loan interest rate for the same period.

(3) Reminder: The shorter the installment period, the lower the fee. Maintaining good repayment habits is a basic requirement for improving your creditworthiness. Extended information

1. Different installment repayment levels and handling fee standards can be roughly divided into three categories:

(1) The first category is carried out in cooperation between banks and special merchants , but the product range is limited.

(2) The second type is that the bank provides a product catalog, the cardholder selects and purchases from the catalog, and the bank then entrusts the supplier to deliver the goods to the customer.

(3) The third category does not limit merchants and products. Cardholders only need to apply for installment repayment from the bank after shopping. Some banks even set the scope of acceptance to be global.

2. For example, Bank of Communications: Bank of Communications credit card consumption installment payment is made to Pacific Dual Currency Credit Card, Liu Xiang VISA Credit Card, Y-POWER Credit Card, Pacific RMB Credit Card, various co-branded credit card principal cardholders and supplementary cards. Provided by cardholder.

(1) Optional number of periods: You can freely choose between 3, 6, 9, 12, 18 and 24 periods.

(2) The credit card consumption installment limit of Bank of Communications will be released in installments after repayment.

Reference material: Baidu Encyclopedia - Installment payment

Reference material: Baidu Encyclopedia - Credit card installment payment