The reason why the CMB credit card cannot be installed in installments is usually because the bill to be used for installment does not meet the CMB credit card installment requirements. The specific reasons are often as follows:

1. There is an annual fee in the bill. Interest, liquidated damages and other credit card charges;

2. The amount of previously unpaid bills will be accumulated to the current period;

3. The bills include installments, Pre-authorizations, real estate transactions, cash advances.

Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder, and then allows the cardholder to pay in installments The process of repaying money to the bank and paying handling fees. The bank will deduct consumption funds and handling fees from the cardholder's credit card account in installments based on the cardholder's application, and the cardholder will repay according to the monthly credit amount.

In the early days of the credit card installment business, banks often promoted it as "interest-free", and indeed many citizens were "fooled". In fact, interest-free is not free, it’s just called something different.

In general, the one-year credit card installment fee is lower than the one-year cash withdrawal interest of 18, and higher than the bank's one-year commercial loan interest of 5.31. It is worth mentioning that commercial bank loan interest rates have been reduced many times in recent years, but the standards for credit card installment fees and cash withdrawal interest have rarely changed. Although the standards for credit card installment payment fees vary from bank to bank, the calculation method is roughly the same.

Assume that the installment amount is 1,200 yuan, divided into 12 installments, with each installment (month) repayment of 100 yuan, the handling fee is 0.6/month, and the actual monthly deduction is 100 1200 × 0.6 = 107.2 yuan. If other factors are not considered, the convertible nominal annual interest rate is 7.2. However, the cardholder does not always owe the bank 1,200 yuan. In the last month, he actually only owed the bank 100 yuan, but the bank still charged a handling fee of 1,200 yuan.

According to calculations, the true annual interest rate paid by cardholders is approximately 15.48. According to the correct calculation formula, it should be 1200*0.6*(1 0.6)^12/((1 0.6)^12-1)=103.94 yuan, which means an extra 3.2 handling fee per period.

From the perspective of the form of installment payment, when cardholders handle this business, the starting amount of a single transaction is limited, and the installment repayment grades and handling fee standards are also different; it can be roughly divided into three types. Category:

The first category is carried out by banks in cooperation with special merchants, but the product types are limited;

The second category is that banks provide product catalogs, and cardholders can choose from the catalog. After purchasing, the bank then entrusts the supplier to deliver the goods to the customer;

The third category is not limited to merchants and goods. After the cardholder purchases, he or she can apply for installment repayment from the bank. Some banks even accept the payment. The scope is set to global.