1. Credit card installment refers to the process in which the bank pays the consumer funds of the goods (or services) purchased by the cardholder in one lump sum when the cardholder uses the credit card for a large amount of consumption, and then the cardholder repays the money to the bank in installments. According to the cardholder's application, the bank deducts the consumption funds by stages through the cardholder's credit card account, and the cardholder repays according to the monthly amount.

Second, the main benefits of credit card installment payment:

1. Enjoy first, then pay.

2. No guarantor, simple procedures;

3. Fixed time and convenient payment;

4. Payment is optional, and the monthly repayment amount is optional;

5. More space to choose payment methods.