How many installments can a credit card be divided into at most?
A credit card can be divided into up to three years, one *** thirty-six installments. The number of credit card installments of different banks is different. For example:
The longest installment of China Merchants Bank can be divided into 24 installments, and the shortest is 3 installments.
The longest installment of Bank of China can be divided into 24 installments, and the shortest is 3 installments.
The longest installment of CITIC Bank can be divided into 36 installments, and the shortest is 3 installments.
The longest installment of China Everbright Bank can be 15 installments, and the shortest is 3 installments.
The longest installment of ICBC can be 24 installments, and the shortest is 3 installments.
Extended information:
What is a credit card?
It is issued by commercial banks to individuals and organizations, which can be used to shop and consume with special organizations and deposit and withdraw money from banks. Cash, a special carrier card with consumer credit, in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front and a magnetic strip and signature strip on the back
True A credit card has the following characteristics: it is not encouraged to deposit cash in advance, consume first and repay later, enjoys an interest-free payment period, can repay in installments independently (with a minimum repayment amount), and has joined VISA, MASTER and other international credit card organizations so that it can be used globally.
Consumption Characteristics of Credit Cards
In fact, everyone is already familiar with the consumption characteristics of credit cards. Take telecommunications products as an example. Generally, debit cards/savings cards are like "Travel to China". You need to deposit cash in advance, and you can spend as much as you deposit. If you don't have money, you can't make a call; if you don't have money on the debit card, you can't withdraw cash or swipe the card.
A credit card is like a regular landline phone at home.
Pre-depositing cash is not encouraged (you cannot pay a month’s phone bill to the telecommunications bureau in advance).
Credit consumption ( Nowadays, there is generally no deposit required for phone installation),
Consumption first and then repayment (the phone bill in July will be paid after receiving the bill in August),
Enjoy free Interest period (there is still a period of time to pay after the bill is received).
The only thing that cannot be compared with landline phones is that there is no minimum payment. Well, in fact, we have already been using the credit card consumption model, but domestic credit cards appeared too late.
In the final analysis, when you swipe your credit card to buy something, the bank will help you pay the bill "instantly". You only need to pay the money to the bank after receiving the bill at the end of the month.
Process of applying for a credit card:
1. Prepare application materials.
2. After preparing the materials, you can go to the bank to apply or make an appointment online.
3. Submit the required information and wait for the bank's approval. During the approval process, the bank will call the applicant to verify the information.
4. After approval, the bank will mail the card to the applicant. It will take about 3 weeks to get the card after successfully submitting the information.
Legal basis:
Article 34 of the "Credit Card Business Management Measures"
To apply for a credit card, an organization or individual should fill in the application form in accordance with the regulations. Send it to the card-issuing bank together with relevant information. For those who meet the conditions, the card-issuing bank will open a credit card account for the applicant and issue a credit card.
How many installments can a credit card be divided into?
There is a standard for determining how many installments a credit card can be divided into, and there are several simple installment businesses;
1. Ordinary Installment;
The ordinary installment business of credit cards is generally divided into 3 months, 6 months, 9 months, 12 months, 18 months, 24 months, and some banks have 36 months. Some banks only offer 12 months. You need to pay the monthly repayment amount and all handling fees in one lump sum on the first repayment date below. The handling fee is about 4 to 10, and the regulations of each bank are different, so please pay attention to the inquiry.
2. Apply for installment payment at the merchant;
Generally, such credit card installment requires a certain handling fee, and the maximum installment is about 36 months.
3. Large-amount installments;
Large-amount installments are generally used to purchase cars, house decoration, etc., and the number of installments is generally 12 months, 24 months, or 36 months. , the handling fee is about 4, 8, 12. Generally, the monthly repayment amount and all handling fees are paid in one lump sum on the first repayment date.