1, single installment, also known as free installment. That is, no matter where the cardholder spends money, as long as the amount of a single credit card exceeds a certain standard, he can apply for transaction installment within the specified period from the transaction date to the bill generation date. Different credit card centers have different regulations on the minimum amount of a single installment; The handling fee rate varies from family to family, and some credit card centers will set different installment handling fee rates according to the single amount.
To apply for a single installment, only two conditions need to be met. One is that the single amount of the credit card meets the standard, and the other is that the cardholder must apply for installment within the specified time period.
2. Bill installment refers to an early consumption method in which the cardholder applies to the issuing bank for installment payment after credit card consumption and before the repayment date.
The minimum consumption of banks applying for installment is basically between 500- 1500 yuan, including ICBC 600 yuan, China Construction Bank, Bank of China, China Merchants Bank 1000 yuan, Bank of Communications 1500 yuan (Y-power card is a single 500 yuan), CITIC 1200 yuan, Agricultural Bank of China and Guangfa Bank. Everbright Bank does not require the amount. As long as the cardholder uses the designated card, the bill will be automatically divided into 12 installments.