Generally speaking, many banks can provide two types of credit card installments, one is consumption installments, and the other is bill installments, with different processing times. Next, the editor of Jintou will introduce credit cards How far in advance should you apply for installment payment

1. Consumption installment payment refers to the payment in installments at the same time during the transaction. The transaction amount is directly deducted from the credit card limit, and the first installment is returned after the bill is issued. This installment payment is not necessary Apply in advance. As long as the merchant can provide installment payment service, you can apply at any time.

2. Bill installment payment actually means that the eligible transaction amount of the current bill amount is processed uniformly after the bill comes out. After the installment payment, only For the amount that has not been paid in installments in the current period, the first installment must be paid off after the next installment comes out. This installment payment has a time limit. Generally, you can apply after the billing date and before the repayment date, and at the latest before the repayment date.

It is not only necessary to clearly divide the time, but also to pay attention to.

1. Installment amount: consumption installment payment, full installment payment bill, the maximum amount of installment payment is generally about 95 of the installment amount

2. Installment type: various fees levied by banks in accordance with regulations, such as annual salary, cash advance transaction fees, interest, late fees, over-limit fees, etc. Credit card acquisition, temporary limits, etc. are not supported in installments.

3. Repayment method: You can repay on a monthly basis or in advance. However, if you repay too much in advance, the remaining unallocated handling fee will not be reduced, which is not cost-effective.