Usually, banks handle credit cards to encourage people to spend. If the cardholder does not use the credit card for a long time, it is possible for the bank to reduce the limit. Excessive use of credit cards will lead to non-repayment, sometimes because temporary funds are limited, and sometimes because they want to withdraw money and take the initiative to choose installments. Then, why do you charge for credit card installment?

Why should I deduct money from credit card installment?

It's actually quite simple. Credit card consumption installment is a process in which the bank transfers money to the merchant at one time, and then the cardholder repays it in installments. The object of applying for installment is the bank, not the merchant. Simply put, the bank bought the goods from the merchant in full for the cardholder. If the money has been used up, it will definitely be deducted from the quota. Only repayment can restore the limit. However, repayment can be based on the number of installments selected at the time of application, and a part of the principal and handling fee can be repaid every month.

Need to be reminded that credit cards are often divided into stages, and the number of stages is long, which will be reduced or exempted by banks. However, staging is sometimes beneficial to cardholders. Proper staging helps to increase the amount. When the money is not paid back in full, the installment can avoid overdue.