For example: If you buy an item for 5,000 yuan, assuming it is divided into 5 installments, your quota is 6,000 yuan. At this time, the available quota is 1,000 yuan. After you apply for installment, the available quota is still 1,000 yuan (5,000 installments occupy the quota ).

If you repay 1,000 yuan in one installment (assuming the handling fee is not taken into account), your available quota becomes 2,000 yuan (the unpaid 4,000 yuan in installments takes up the quota), and so on

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Credit card limit, also known as credit card available limit, refers to the maximum amount that can be used by your credit card. It includes credit limit (that is, the maximum overdraft limit of a credit card) and deposit Credit card amount. The available credit limit is comprehensively evaluated based on the user's spending power and repayment status. If the credit rating is good and the repayment is timely, the bank will naturally increase the credit limit to encourage the user to spend. So there will be changes.

Introduction

The available credit limit of your credit card refers to the credit limit that has not been used on your credit card. The available limit will be reduced with each consumption of the cardholder, and will be restored with each repayment of the cardholder.

Available limit

The calculation method of credit card available limit is: available limit = credit limit approved by the bank - outstanding balance on bills that have not yet been paid - amount of transactions that have not been recorded but have occurred - others Related interest and fees.

The unpaid accounted amount refers to the amount of card transactions that have been billed but not yet returned; the accumulated amount that has been used but not accounted refers to the amount of card transactions that have occurred but has not yet been billed; other related Interest and fees refer to interest on cash withdrawals or installment payments.

Notes:

1. There is a handling fee for bill installments: the more installments, the lower the installment interest rate, and the installment handling charges vary from bank to bank. Whether the bill contains a bill that has been issued or a bill that has not been issued, and when applying for bill installment, the installment fee will be calculated based on the installment interest rate. Banks encourage cardholders to make installment payments. If there is no financial pressure, it is best to repay the loan in full.

2. The early repayment fee will still be collected: Most banks stipulate that once the credit card bill is installmentd, if you pay the installment fee on a monthly basis, even if you repay the loan in advance, you still need to pay the remaining balance Pay the monthly handling fee in full.

3. There is a limit to the installment amount of the bill: not all the consumption amounts in the bill can be installmentd. Generally, the installment amount of the credit card bill cannot exceed 90% of the new consumption in the current period.

4. Installment cannot be done with temporary limit: If the credit card has a temporary limit, installment business cannot be done. The temporary limit must be repaid in one go. There is no minimum repayment amount. Failure to repay will affect your personal credit score.