What are the effects of frequent credit card installments? 1. The handling fee is not cost-effective: Credit card installments are interest-free but not free. The larger the installment amount, the longer the installment, and the more frequent the installments, the more handling fees you have to pay. In addition, there are pitfalls in credit card installments. No matter you pay back The monthly handling fee is fixed for any period, so it is obviously not very cost-effective. In addition, although credit card installment supports early repayment, many banks stipulate that the remaining principal must be paid off in one go and the unamortized handling fee will be charged. 2. Increase the repayment pressure: Credit card installments only relieve the repayment pressure, but do not eliminate the need to repay. Frequent installments will cause the amount of repayment in each installment to continue to increase. The important thing is that the installment amount is directly included in the minimum repayment amount. , you need to repay in full every month, and there is no way to repay according to the minimum repayment amount. It is conceivable that the repayment pressure of cardholders will increase with frequent installments. Once the monthly income level is exceeded, there may be a risk of overdue payment. 3. The credit limit will be reduced or the card will be blocked. For banks, people who often make installments must have funds in trouble and their repayment ability has declined. Such people will have a higher risk of overdue payments. For this reason, banks will A person's credit card limit is reduced, or the card is blocked directly. 4. Rejection of bank credit business is similar to the third point. Banks often question the ability to repay installments. If you apply for bank mortgages, car loans, or credit cards, etc., because your repayment ability is not favored by the bank, you may be rejected. Rejected for loan and card.