The starting amount of credit card installment is how much you start the installment repayment. Different banks have different starting amounts for credit card installment repayment.

For example, the starting amount of installment is 1,000 yuan. If the cardholder only spends 900 yuan, he cannot apply for installment. The amount must be at least greater than or equal to the starting amount to apply for installment.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only. Extended information

Main features

Pre-deposit of cash is not encouraged, consumption is done first and repayment later, you enjoy an interest-free repayment period, and you can repay in installments (with a minimum repayment amount). Join International credit card organizations such as VISA, Master Card, and JCB are used globally.

It is one of the fastest growing financial services today and is an electronic currency that can replace traditional cash circulation to a certain extent.

Has both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using their credit cards.

It is a high-tech product integrating financial business and computer technology.

Can reduce the use of cash currency.

It can provide settlement services to facilitate shopping and consumption and enhance a sense of security.

It can simplify the collection procedures and save social labor.

It can promote product sales and stimulate social demand.

Baidu Encyclopedia-Credit Card