How to cancel the installment of the credit card

There are two situations in which the credit card cancels the installment repayment:

1. If the installment repayment is not executed or within the cancellation time specified by the bank, you can directly call customer service or operate online to cancel the installment. (Jingxiang said card A)

2. If the installment has been started, it can't be cancelled. You can choose to repay in advance, but prepayment can't save the handling fee. Specific operation:

the cardholder can call the credit card customer service to apply for prepayment by installment after the billing date of the current installment, and no extra prepayment fee is charged. The undistributed principal and handling fee of the cardholder's installment payment are all included in the cardholder's current bill at the end of the application for early repayment, and are fully included in the minimum repayment amount, and will not be apportioned on schedule on the subsequent billing date.

note: if you paid all the installment fees in the first installment of your credit card, even if the installment is cancelled now, the fees will not be refunded.

can credit card installment be cancelled?

There are two ways to cancel credit card installment repayment:

First, if installment repayment is not implemented or within the cancellation time specified by the bank, you can call customer service directly or operate online to cancel installment.

it should be noted by cardholders that not all banks can cancel installment payment without implementing installment payment. For example, China Merchants Bank, as confirmed by the Credit Card Center of China Merchants Bank, cannot cancel the installment payment of China Merchants Bank's credit card bill after its successful application. After the cardholder successfully applies for bill installment, the handling fee for bill installment will appear in the current bill after the successful application, and the cardholder cannot apply for cancellation of bill installment.

If you want to cancel the installment payment of China Merchants Bank, you can return the amount of the bill installment in advance, but even if you return the amount of the bill installment in advance, the bill installment fee already collected will not be returned.

2. If the installment has been implemented, it can't be cancelled. You can choose to prepay, but prepayment can't save the handling fee.

after applying for the installment billing date, the cardholder can call the credit card customer service to apply for prepayment by installment, and no extra prepayment fee will be charged. The undistributed principal and handling fee of the cardholder's installment payment are all included in the cardholder's current bill at the end of the application for early repayment, and are fully included in the minimum repayment amount, and will not be apportioned on schedule on the subsequent billing date.

if you paid all the installment fees in the first installment of your credit card, even if the installment is cancelled now, the fees will not be refunded.

a CreditCard is a credit certificate issued by a commercial bank or a credit card company to a qualified consumer. The form of credit card is a card with the name of issuing bank, expiration date, number, cardholder's name and other contents printed on the front. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the specified amount.

China's credit card market is still one of the fastest growing product lines in China's personal financial services market. Although the economic benefits of the industry are full of challenges, the average annual growth rate of credit card issuance in China will remain at around 14% in the next 1 years, and the profitability will also tend to improve. Foresight predicts that by 22, the cumulative number of credit cards issued in China will exceed 8 million.

can credit card installment be cancelled?

Yes, but you can call customer service directly or cancel the installment in online banking after the credit card installment has not been implemented or within the cancellation time stipulated by the bank.

if credit card installment has been started, the cardholder cannot cancel it. However, you can choose to repay in advance. It is worth noting that cardholders must have enough funds to repay in full before they can apply to the bank for early settlement of installments.

in addition, the prepayment installment fee still needs to be paid, but no additional prepayment fee will be charged.

It is worth mentioning that if your credit card repayment date is 13th, and you have no money for full repayment, and the payday is 15th, then the lowest repayment method is the most cost-effective compared with installment repayment.

Main features of credit card:

1. Credit card is one of the fastest-growing financial services, which can replace traditional cash circulation in a certain range;

2. Credit cards have both payment and credit functions. Cardholders can use it to buy goods or enjoy services, and they can also obtain certain loans from card issuers by using credit cards;

3. Credit card is a high-tech product integrating financial business and computer technology.

4. Credit cards can reduce the use of cash currency;

5. Credit card can provide settlement service, which is convenient for shopping and consumption and enhances the sense of security;

6. Credit cards can simplify the collection procedures and save social labor;

7. Credit cards can promote commodity sales and meet social needs.

Main types

According to different card issuers, it can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by the bank. Cardholders can shop and spend money at the special merchants of the issuing bank, or withdraw cash at any time at all branches of the issuing bank or places with ATMs.

non-bank card. This kind of card can be divided into retail credit card and travel entertainment card. Retail credit cards are credit cards issued by commercial organizations, such as department stores and oil companies, which are dedicated to shopping in designated stores or filling gas stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by service industries, such as airlines and travel companies, which are used for ticket purchase, dining, accommodation and entertainment.

according to different card issuers, it can be divided into corporate cards and personal cards

corporate cards. Corporate cards are issued to all kinds of industrial and commercial enterprises, scientific research and education institutions, state party and government organs, military units, organizations and other legal organizations.

personal card. Personal cards are issued to individual urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable income sources. Personal cards are applied for in the name of individuals and bear all the responsibilities of using them.

According to the credit status of cardholders, it can be divided into ordinary cards and gold cards.

Ordinary cards. Ordinary cards are issued to cardholders with average economic strength, credibility and status, and their requirements are not high.

gold card. Gold card is an advanced credit card that pays high membership fee and enjoys special treatment.

Let's stop talking about how to cancel credit card installment.