How to cancel the special installment limit of China Guangfa Bank

Cancel at an outlet or cancel by phone

1. Cancellation at an outlet: The cardholder brings his/her valid ID card and credit card to Guangfa At the counter of a bank branch, handle the cancellation of automatic installments under the guidance of the salesperson.

2. Cancellation by phone: Cardholders can call China Guangfa Bank’s credit card customer service hotline 95508, pay all the handling fees incurred in the installment together with the principal, and then apply to end the installment business in advance. The cancellation will be done after approval. .

Pay by Installments are mostly used in product transactions with long production cycles and high costs. Such as the export of complete sets of equipment, large-scale vehicles, heavy machinery and equipment and other products. The method of installment payment is that after the import and export contract is signed, the importer first pays a small part of the payment to the exporter as a deposit, and the rest of the payment is paid after part or all of the product is produced, shipped, or after the goods arrive for installation and test run. , investment and repayment in installments when the quality guarantee period expires.

How to cancel installment payment with Guangfa Credit Card?

After the user has applied for credit card installment with China Guangfa Bank, it cannot be canceled or changed. If you must cancel, you can only pay all the handling fees and principal of the installment together, and then apply to China Guangfa Bank to end the installment business in advance. The installment can only be canceled after the application is approved.

Extended information:

Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the card-issuing bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder. ) consumption funds, and according to the cardholder's application, the consumption funds will be deducted from the cardholder's credit card account in installments, and the cardholder will repay according to the monthly account amount. In the past, credit card installments mainly included bill installments and single consumption installments. Banks usually charged corresponding handling fees based on the number of installments. Whether it is bill installment or single consumption installment, the premise is that consumption behavior occurs first, and then the bank sets the installment repayment of the credit loan generated.

Most banks in China have credit card installment services. Installments are generally divided into shopping mall (POS) installments, "mail order installments" and bill installments through the Internet, mail, etc. depending on the occasion. .

Shopping mall installment, also known as POS installment, means that cardholders go to shopping places, such as "malls" where installment can be purchased. When checking out, please show a credit card that supports installment payment in this shopping mall and indicate that you need to pay in installments. The cashier will swipe the card on a dedicated POS machine according to the number of issues required by the cardholder (such as 3 issues, 6 issues, 12 issues, etc., a few shopping malls support 24 issues). Note: Cardholder identity verification is required when making installment purchases in the mall, so remember to bring your ID card. Shopping mall installments are generally free of charge for three installments. The rates for 6 and 12 periods vary from bank to bank. Installment products can generally be purchased as long as they are normally sold in the shopping mall. In many cases, cardholders can also bundle multiple items together for checkout and then make installment payments.

Mail-order installment means that the cardholder receives an installment mail-order catalog brochure from the card-issuing bank (or the bank's online installment mall) and can choose from limited products. Then order through the online installment mall, call or fax the mail order installment application form, etc. to the bank for installment mail order. There is generally no handling fee for mail order installments regardless of the number of installments. However, due to the long ordering cycle (in many cases it will take more than 15 working days to get the product) and the relatively cumbersome return and exchange process, it is recommended to do more comparisons before purchasing.

Bill installment is the most convenient installment method. Basically, all card-issuing banks can support this installment method, and the application is simple. Users only need to submit an installment application to the card-issuing bank by phone or other methods after swiping their card for consumption and before monthly bills are sent. However, it should be noted that each bank will stipulate some special cases. For example, speculative card swiping will not be successful in installments. So before proceeding with staging, be sure to read the staging manual carefully. The disadvantage of bill installment is that the handling fee is not waived.

The longer the number of installments, the higher the handling fee, which must be borne by the cardholder himself.

How to cancel the installment of Guangfa Bank Credit Card

If you really want to cancel, you can only pay off all the handling fees and principal of the installment, and then apply to end the installment business in advance. After approval, you can cancel the installment. Canceled.

Related content:

1. The number of bill installments that cardholders can apply for are 6, 12, 18, and 24 periods, and the corresponding handling rates for each period are respectively are 0.65, 0.65, 0.7, and 0.72.

2. The bill installment handling fee = the total installment principal amount × the handling rate for the corresponding period. The handling fee is charged for each installment; once the bill installment handling fee is collected, it will not be refunded.

3. The principal repayable for each installment of the bill installment = the total principal of the installment ÷ the number of installments. The principal repayable for each installment (accurate to cents) will be charged to the cardholder’s credit card account month by month, such as The principal cannot be divided, and the remainder will be included in the last period; if the amortization amount in any period is overdue, interest or late payment fees will accrue. For detailed charging standards, please refer to the "Charging Standards of China Guangfa Bank".

4. After the cardholder successfully applies for bill installment, the minimum repayment amount is the minimum repayment amount of the bills issued in the current period; if the cardholder fails to repay the bill in full on time after the application is successful, the bill can be eliminated in installments. The remaining bill amount after the amount will be deemed to have not been repaid in full, and interest or late payment fees will still accrue even if the customer applies for bill installment. For detailed charging standards, please refer to the "Charging Standards of China Guangfa Bank".

5. After the cardholder successfully applies for bill installment, the credit limit will not be restored immediately. The limit occupied by the corresponding transaction will be restored period by period with the repayment of each period until the last period or early repayment. All repayments due in installments. 6. For cardholders who have successfully applied for the bill installment business, if there is still excess money after repaying the current credit card balance on schedule, the amount will not be used to pay off the next bill installment in advance.

7. If the cardholder needs to cancel all credit cards under his name during the repayment period, the outstanding installment balance and remaining handling fees of the bill installment business that has been successfully processed must be paid off in one go.

8. If the cardholder wants to pay off the outstanding installments in advance for the bill installment business transaction that has been successfully processed, he must call our customer service hotline to apply. After the application is approved, he must pay off the outstanding installments in one go. The installment payment and all remaining handling fees. The installment handling fees collected will not be refunded.

9. The cardholder shall not refuse to perform the successfully processed bill installment business on the grounds that the consumption transaction in the bill has been returned.

Extended information:

1. Go to the local bank with your valid ID and bank card; 2. Go to the bank to get the reservation number and queue up; 3. Explain to the staff that you want to cancel your account And fill out the relevant application; 4. Give the bank card to the bank staff and submit relevant materials; 5. The bank card account cancellation is completed.

2. Enter the bank client and click on the installment, and there will be no installment. The money spent can be paid off in advance and there will be no installments.

3. According to the number on the back of your credit card, call customer service and ask to cancel automatic installment. Users are asked to call China Guangfa Bank customer service number and ask them to cancel automatic installment.

4. Installment payment is interest-free but does not waive handling fees. The charges of each bank are different under different periods. Generally speaking, the more the number of installments, the higher the handling fees. Therefore, consumers need to make careful calculations before making installment payments.

Cardholders need to be reminded that each credit card center has different requirements for applying for installment repayment. Some must apply before the statement date, while others can apply before the final repayment date.