How to apply for installment payment with Bank of Communications credit card?

Like all banks, Bank of Communications also provides installment payment services for credit card holders. However, the bank’s installment payment business has There are many ways, and the processing methods of different methods are different. Let’s introduce to you the relevant matters of Bank of Communications credit card installment service.

Introduction to Bank of Communications credit card installment payment

The Bank of Communications provides three main methods of installment payment, including installment payment on demand, installment treasure and mail-order installment payment. The installment processing methods of different methods are different. The differences are as follows:

1. Divide as you want: If you want to handle this installment business, the cardholder needs to log in via SMS password user or certificate between 2 days after the transaction date and 3 days after the repayment is due. User version of online banking or call the 24-hour customer service hotline of the credit card center to apply. The installment can be freely divided into 3, 6, 9, 12, 18, and 24 monthly payments.

2. Installment treasure: If you want to apply for this business, it doesn’t matter even if you don’t have a credit card. As long as you rely on your personal credit and provide relevant materials on site, you can complete the installment application on the spot and you can get the one you like. When moving the goods home, if you apply for a large installment, you can also enjoy the long repayment period discount of four months of repayment~

3. Mail order installment: no need to swipe the card on site , as long as you make a phone call, send a fax or submit an instruction online, you can complete the installment payment transaction with a merchant thousands of miles away, with no interest or handling fees, and the goods will be delivered directly to your home.

2. Notes on installment payments with Bank of Communications credit cards

1. Not all transactions can be processed in installments. According to the provisions of the "Terms and Details of Installment of Bills If You Want" , installment payments cannot be processed for the following transactions:

1 Cash advance transactions, installment transactions, real estate transactions and various fees (such as annual fees, interest, late fees and other credit card charges);

2. There is a limit on the installment payment amount. The installment amount cannot be higher than the credit limit. Depositing in a credit card or temporarily increasing the credit limit cannot increase the maximum amount of the installment payment transaction.

What is the process of installment payment with Bank of Communications?

1. Spend RMB 1,500 or USD 100 or more with a Bank of Communications credit card in a single transaction;

2. Call the Bank of Communications credit card phone number: 400-800-9888 between 2 days after the card transaction and 3 days before the due date of repayment to inform the customer service staff of the transaction information;

3. The customer service specialist will inform you after a simple review If the application is successful, the Bank of Communications credit card installment payment is an interest-free installment payment and no interest will be charged, but the installment payment fee will be charged.

Extended information

1. The installment amount occupies the credit limit

For example, if a bill of 2,000 is spread over 12 months, assuming it is 200 per month, then Your credit limit will be reduced by 1,800 in the first month because it is occupied. Each time you make a payment in the future, a portion of your credit limit will be restored.

2. There is a handling fee for installments

Installation requires a certain handling fee. The more installments there are, the lower the installment interest rate. The installment handling charges vary from bank to bank. Whether the bill contains a bill that has been issued or a bill that has not been issued, and when applying for bill installment, the installment fee will be calculated based on the installment interest rate. Banks encourage cardholders to make installment payments. If there is no financial pressure, it is best to repay the loan in full.

3. Some consumption cannot be paid in installments

For example, the part that uses the temporary quota, such as the part that should be repaid in the previous installment (the installment applied for last month, you have to repay 200 this month, This 200 cannot be divided any more).

How to apply for cash installment with Bank of Communications credit card

Process for cash installment with Bank of Communications credit card

Customers can go through the official website of Bank of Communications credit card or customer service hotline 400-800-9888, etc. Apply for this service by designated credit card approved by Bank of Communications. Bank of Communications will ultimately decide whether to approve and the specific amount based on the customer's credit situation, consumption purposes, etc. when applying. After the business application is successful, customers can set the number of installments and the starting transaction amount of the loan amount within the options provided by Bank of Communications.

Bank of Communications Haoxiangdai offers 3, 6, 12 and 24 installments. The applicable price and handling fee for repayment are as follows:

Instalment repayment: (principal Repay in installments) 0.50%/period to 0.93%/period, collected in installments;

Loan and repay at will: (Principal repaid in one go) 1.35%/period to 1.50%/period, charged in one lump sum for the first installment .

Note: 1. The calculation rule for handling fees is: installment principal

If cardholders have any questions, please call the 24-hour customer service hotline: 400-800-9888.

How to make installment payment using Bank of Communications Credit Card "Pay Bar"? Does it show how many installments it is divided into?

Instructions for applying for installment repayment using the Bank of Communications credit card app "Pay the Bill":

1. Download the "Pay the Bill" app on your mobile phone.

2. Open the app, select "My" and log in to the account.

3. After logging in to your account, click "Home" and find "I want installments".

4. Enter the "Instalment Amount" and the "Repayment Plan" to select the number of installments (currently, you can choose 3, 6, 9, or 12 periods), and click "Next".

5. Check the "Instalment Amount", "Instalment Number", and "Each Period Should" data. If correct, click "Submit" and wait for approval.

That’s it for the introduction of how to apply for installment with Bank of Communications credit card.