Credit cards can be repaid as long as the bill is issued, but installment repayment is not included. Take Fuzhou, Fujian Province as an example, credit card prepayment by installment will be subject to penalty, so it can be repaid within the specified time.

The Credit Card Center of Shanghai Pudong Development Bank also announced that the item of "one-time prepayment penalty for universal funds" was removed from the List of Main Charges for Credit Card Business of Shanghai Pudong Development Bank, and the subsequent "one-time prepayment penalty for universal funds" will not be counted as expenses, but as interest, and the calculation standard is consistent with the original standard (3% penalty for the principal part of prepayment will be deducted at one time).

in addition, CCB, China Merchants Bank, Huaxia Bank and other banks stipulate that all the remaining handling fees should be charged in one lump sum for credit card prepayment by installment. In addition to the full handling fee, some banks also charge liquidated damages for prepayment.

at present, only a few banks are exempt from handling fees for the remaining part of credit card installment prepayment. For example, if the credit card holder of Agricultural Bank chooses to pay off the remaining installment money in full and end it in advance, there will be no need to pay the unexpired handling fee.

Extended information:

Taking a credit card as an example, it doesn't mean that you just need to return the outstanding principal directly to the credit card, but you need to call the issuing bank to apply for early repayment, and you can only make early repayment after the issuing bank agrees. When the bank agrees to prepay, it will calculate the final repayment amount, and then include it in the minimum repayment amount of the next bill. If the minimum repayment amount is enough, the installment can be terminated in advance.

and if the money is directly returned to the credit card without applying to the bank for prepayment, this does not mean that the arrears are paid off, but that the money is deposited in the credit card. If the repayment amount exceeds the current period, it will become an overpayment. Not only can the arrears not be deducted, but a handling fee will be required to take out the money, so the loss will outweigh the gain.

People's Daily Online-Many banks in Rong have issued new regulations to charge liquidated damages for early repayment of credit cards by installments.