The reason why the credit card cannot be installed in installments

The comprehensive score is insufficient, and the number of stages or time exceeds the limit. Some cardholders who are new to using credit cards may not be able to apply for installment due to insufficient overall score. In the subsequent process of using the card, the bank will comprehensively consider your card amount, frequency, and repayment status before deciding whether to provide you with the installment function. Some users with poor credit card swiping habits will also encounter this situation, such as frequent empty cards, abnormal credit card swiping times, abnormal card swiping times, etc. If the bank suspects cash withdrawals, they may also lose the installment authority.

The number of stages or time exceeds the limit. The number of credit card installments is limited. Generally, you can apply for bill installment within one billing day, and you cannot make further installments after the installment. In addition, there is a time limit for applying for installment payment. If you exceed the time limit, you will not be able to apply. The current month's bill installment can only be applied for in the current month. Cardholders can apply for bill installment business from the day after the current bill date to the last repayment date. After this time period, the current month's bill will not be paid in installments.

1. The reason why credit card cannot be installment is that part of the credit card cannot be amortized upon maturity. Credit card installment payments are usually limited to the amount of credit card purchases. Unpaid portions such as the minimum repayment amount, cash withdrawal amount, and temporary consumption limit cannot be applied for installment. The main reason why credit cards cannot settle accounts or pay cash in installments is that the bank's risk control limits the installment payment function due to the cardholder's own risk. Second, the number and amount of installments exceed the bank's limit or do not comply with the bank's installment regulations.

2. Due to the high overall debt of the cardholder, the use of the credit card installment function is limited. The overall debt of cardholders is too high. If the debt ratio exceeds 70% for more than three consecutive months, it is easy to be identified as a high-risk customer by the issuer. Generally speaking, the higher the debt, the weaker the corresponding repayment ability, and the greater the probability of overdue debt. In order to avoid risks, banks usually implement risk control on high-risk customers, thereby restricting the use of some credit card functions or even reducing the credit card limit.

3. Because cardholders have too many installments, the use of the credit card installment function is restricted. Although banks encourage cardholders to pay in installments, the installment repayment amount of cardholders' credit cards is too large, and most of them The installment is outstanding. Instead, banks worry about the cardholder's ability to repay. In particular, long-term installments or long-term minimum repayments over multiple billing cycles are a bad sign of the cardholder's financial status. Banks will never provide timely help to customers who are short of money. Banks will consider such customers too risky and may be overdue at any time. In order to avoid risks, banks usually strengthen risk control, from restricting cardholders' installment payment functions and withdrawal functions to reducing the amount.

4. The cardholder’s serious use of the card in violation of regulations has limited the use of the credit card installment function. Serious credit card violations generally refer to overdue credit card payments or obvious cash outs. Late payment beyond the credit card tolerance period is the most annoying behavior for banks. Occasionally one or two short-term overdue behaviors will not have any impact on the use of the credit card. If overdue behavior occurs frequently, the cardholder will become a person who lacks the spirit of contract in the eyes of the bank, and the risk level of the cardholder will increase, and it will be excusable for the bill installment application to be rejected. In addition, each bank is now Strictly control illegal cash out. Many cardholders are locked in dark rooms, or their use of credit card functions is restricted, or even reduced or closed. Much of this was due to cashing out. Therefore, the use of bank cards should be avoided as much as possible. Even if there is no penalty, the increase in the amount is quite detrimental.

What should I do if my credit card cannot be applied for installment?

It is reported that the main reason why the credit card cannot be installment is due to insufficient comprehensive score. To solve the problem, you have to find the reason and then prescribe the right remedy. Generally, we start from two aspects. , one is in terms of applicant qualifications, and the other is in terms of credit card usage.

1. Applicant’s qualifications

If the applicant has problems with his or her credit, high debts, financial constraints, etc., these problems can basically be exposed by checking the credit, and then take corresponding measures. solution. For example, if you have problems with your credit score, pay off overdue debts and gradually improve your credit score through subsequent use of cards; if you have high debts, find ways to raise money to pay off your debts and reduce your debts; if you are short of funds, you must reduce your loans and credit card applications recently.

2. Credit card usage

It is precisely because there is no standard use of the card that the risk is controlled. If the credit card is overdue, or has frequent installments, minimum repayments, etc., the greatest possibility is There are illegal card usage behaviors, such as frequently making large transactions on the same POS machine of the same model, using up all the repayments within a few days of entering, and maxing out the card every month, etc.

There is only one solution, which is to standardize the use of cards and increase real consumption. In addition to swiping cards in daily life, you can also occasionally go to high-end places for consumption. It is best to be a special merchant of the bank. Not only do you get points, but it is also easy to use. Let the bank recognize your spending power, and even if you make large purchases in the future, you may not be subject to risk control.

The reasons why credit card installment cannot be applied for:

1. Poor personal credit record

Although the threshold for applying for credit card installment business is relatively low, if the cardholder If the consumption and repayment situation are not good, the bank will reject it. For example, if you have a credit card consumption situation, the bank may suspect that you are cashing out through data monitoring; if your repayment record is not good, you have been overdue multiple times or you have not paid overdue. It’s normal to be unable to apply for credit card installments.

2. The purpose of cash installment funds is incorrect

Generally, when applying for cash installment from a bank, you will need to know the purpose applied for by the cardholder. The bank has clearly stipulated that the money applied for cash installment cannot be used for investment (including but not limited to house purchase, stocks, futures and other equity investments) and can only be used for consumption (including but not limited to decoration, home appliances, weddings, car purchases, Student assistance, tourism, medical care, etc.).

3. The cash installment amount exceeds the available limit

There is another situation where cash installment cannot be applied for, that is, your credit card limit has been overdrawn, or the credit card available limit is less than your cash installment limit. The amount cannot be paid in installments. For example, if your credit card limit is 10,000 yuan and you have overdrafted 8,000 yuan, if you apply for another 3,000 yuan cash installment, you can only apply after you have paid off the balance and restored your credit limit.

4. The bill installment amount is not enough

After the cardholder makes a large purchase and knows that he cannot repay the full amount on a single billing date, he can use the bill installment service , make installment payments. Each bank has requirements for the amount of bill installment. For example, the installment amount of China Construction Bank must be more than 600 yuan, and the bill installment amount of China Merchants Bank must not be less than 300 yuan each time. If the amount of your bill is lower than the bank’s minimum installment requirements, naturally you cannot apply for installment.

What’s the matter with credit cards that don’t provide installment payment?

Instalment mainly charges handling fees. The handling fees of each bank are different. You need to know the handling rate to calculate it. Take China Construction Bank as an example. : If divided into 12 installments, the rate is 0.6% per installment:

The principal of each installment = 30,000/12 = 2,500 yuan.

The handling fee for each period = 300000.6% = 180 yuan,

The total *** handling fee for 12 periods = 18012 = 2160 yuan,

Each installment should be Repayment amount = 2500180 = 2680 yuan

Handling fee = installment principal and handling rate for each installment.

After the cardholder successfully handles a single installment, the corresponding credit card limit will be occupied, and the occupied limit will be restored phase by phase with the repayment of each installment until the last installment or all installment balances are paid off in advance.

For a single installment amount that has been successfully processed, the cardholder cannot apply for another installment and choose the lowest repayment method for repayment. If the cardholder fails to repay the remaining balance of the current period's bill on time after the application is successful, or the amount that should be amortized in any installment during the installment period is not fully repaid, it will be regarded as incomplete repayment, and interest or late payment fees will accrue.

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1. Is it risk control if the credit card does not provide installment payment?

There is indeed the possibility of being risk controlled by the bank if the credit card does not provide installments, but it is not necessarily the case. It may just be because the customer has not met the installment requirements, such as:

1. The customer is not present Apply for installment within the specified time: For example, if a customer applies for bill installment, he or she needs to apply after the payment is made and before the repayment date. When the repayment date is reached, there is generally no way to apply again; If it is consumption installment, you usually need to apply for it after the consumption is recorded and before the billing date. The billing installment is applied after the billing date.

2. The applied installment amount does not meet the requirements of the card-issuing bank: Banks have requirements for the installment amount of credit cards. Many stipulate that the minimum installment amount cannot be less than 500 yuan, so if the customer’s consumption is less than If it is 500 yuan, then this consumption cannot be applied for installment. Also, China Construction Bank stipulates that the bill installment amount shall not exceed 90% of the total consumption amount in the issued bill, so if the customer wants to installment the entire card bill amount, it cannot be processed.

2. The best solution to credit card risk control:

Users should proactively contact the card-issuing bank to inquire about the reasons for credit card risk control; then solve the problem under the guidance of customer service; After the problem is resolved, the user can apply to restore the card to its normal status; after receiving the application, the card-issuing bank will re-examine the card. When the card meets the conditions for releasing the risk control, the card will be released from the risk control status. Therefore, after a credit card is subject to risk control, users should proactively contact the bank instead of waiting for the bank to automatically lift the risk control.

Why can’t my credit card bill be paid in installments?

Take China Guangfa Bank as an example because it does not meet the bill installment conditions.

The cardholder's qualifications for applying for bank statement installment business are also subject to the bank's risk policy. Only cardholders who meet the bank's risk policy access conditions can apply for bill installment business. Whether the cardholder has the business The qualifications of the application are subject to bank review.

Cardholders applying for bill installment business must meet at least the following conditions:

1. If a cardholder applies for RMB bill installment business, the installment amount of the current RMB bill must be 500 yuan. and above; when applying for foreign currency (U.S. dollar) bill installment business, the installment amount of the current U.S. dollar bill must be 50 U.S. dollars and above;

2. The maximum amount of the bill installment applied by the cardholder shall not exceed the current bill. 95% of the amount, and shall not exceed 80% of the cardholder's current limit for installment business. The actual amount is subject to bank approval;

3. Cardholders apply for foreign currency (USD) bill installment business For foreign currency (U.S. dollar) bill installments, only the principal part of the U.S. dollar bill amount of the RMB-USD dual-currency card or foreign-currency single-currency card held by them can be used for foreign currency (U.S. dollar) bill installments, and a RMB account credit card with a bank that can handle bill installments must be selected as the repayment card. .

Extended information:

Once the cardholder's application for bill installment is approved, it cannot be canceled and the number of installments cannot be changed. Whether the cardholder's application for bill installment is approved shall be subject to the bank's comprehensive assessment results. If the cardholder's application for bill installment is not approved, normal repayment is required according to bank regulations. Whether the cardholder is qualified to apply for bill installment again shall be subject to the bank's comprehensive assessment results.

After the cardholder successfully applies for bill installment, if the cardholder fails to repay the remaining bill amount in the current period after excluding the installment amount of the bill on time, it will be regarded as not repaying in full, even if the customer applies for bill installment After installment, revolving credit interest or liquidated damages will still accrue.