Take Minsheng Bank Credit Card as an example:

Cardholders can only cancel the bill installment that has been successfully applied for before 19:00 (Beijing time) on the same day, and cannot cancel it the next day. Once the application is successful, the installment number and amount cannot be changed. At the same time, the cardholder cannot apply for installment payment again for the outstanding installment balance.

Whether the application for bill installment is approved shall be subject to the comprehensive evaluation result of the Bank’s Credit Card Center. If the installment amount includes overpayment, Minsheng Bank will calculate and charge a handling fee based on the entire amount of the installment applied for. If you apply for bill installment again, you must wait until the next installment of bills is issued.

In addition, the installment amount cannot exceed the current fixed amount.

Extended information

The advantages of credit cards are as follows:

1. No deposit is required to make overdraft purchases, and you can enjoy an interest-free period of 20-56 days No interest will be charged for on-time repayment (most banks will charge an interest of 50,000 cents on the day of cash withdrawal, as well as a 2% handling fee. Industrial and Commercial Bank of China will waive the handling fee for cash withdrawal and only charge interest).

2. Swiping your card when shopping is not only safe and convenient, but also provides points for gifts.

3. You can enjoy discounts when using the card at the bank's designated merchants.

4. It is accessible nationwide and you can withdraw money or make purchases by credit card at ATMs and POS machines with the UnionPay logo.

5. Spend by swiping your card, collect existing points with some credit cards, and enjoy various discounts and lucky draws throughout the year, allowing you to always be surprised just by using your card.

6. The unique supplementary card function is suitable for couples to manage finances together or control their children’s financial expenditures.

7. The free choice of one card and dual currencies is available all over the world. Overseas consumption can be repaid in domestic RMB.

8.400 or the 5-digit short number starting with 9 is available 24 hours a day. Loss reports are effective immediately and there is zero risk of losing the card.

9. Use third-party platforms for business cooperation and provide preferential services to cardholders.

Baidu Encyclopedia--Credit Card

China Minsheng Bank--Bill Installment