credit card installment payment means that after swiping the card, the cardholder can apply to the bank for repayment in installments after each consumption amount reaches the minimum consumption amount stipulated by the bank. Then the bank will divide the consumption into several times and put it into your credit card account.
a credit card is a credit certificate issued by a commercial bank or a credit card company to a consumer with credit qualification. It is in the form of a card with name, expiration date, card number and cardholder's name printed on the front, and a magnetic stripe and signature strip printed on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and banks can settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits. The relevant laws and regulations of credit card in China (explained by the NPC Standing Committee in the criminal law of credit card, the People's Republic of China) refer to all or part of the functions of payment card issued by electronic commercial banks or other financial institutions, such as consumption payment, credit loan, transfer settlement, deposit and withdrawal, etc. On December 1, 217, credit card consumption is a non-cash transaction payment method that does not need to pay cash when consuming and repays on the settlement date.
1. Different nature: Installment card is an automatic installment card introduced by banks for consumption. Usually, when the consumption or bill reaches the specified amount, it will be automatically carried out in stages. Note: the advantages of installment card are: the amount is very high! Usually 1,. The disadvantage of installment card is high installment rate! Credit card, also known as credit card, is a credit certificate issued by commercial banks or credit card companies to qualified consumers. This card is a card with name, expiration date, card number and cardholder's name printed on the front, and magnetic stripe and signature strip printed on the back.
second, the amount is different: the difference between the installment card and the credit card is that when the installment card holder uses the installment card to spend money, as long as the amount meets the installment standard, the installment will be automatically made. If you want to pay by installment, you should apply after consumption. At the same time, according to relevant laws and regulations, the amount of installment cards is generally higher than that of credit cards, with a minimum amount of 1, yuan. The minimum deposit for a credit card is 1 yuan. You need to apply for a platinum credit card to apply for a quota of more than 1,. Note: Installment cards are usually issued independently, that is, they are not related to other credit card limits of banks. Of course, some banks are related.
the difference between the third repayment and the second repayment: the biggest difference between credit card repayment and installment payment is that the repayment is a one-time repayment (or minimum repayment). Installment refers to a part of monthly installment, and each installment has to pay an installment fee. The interest-free period of credit cards is about 2 to 5 days, and there is no interest on full repayment during the interest-free period. If the economy is tight this month, you can use the minimum repayment, which is generally *1% of the current repayment. When the economy is tight or high-priced goods are purchased, installment payment can reduce the repayment pressure. You have to pay the installment fee for installment payment. Generally speaking, the longer the installment period, the higher the cost.