How to repay a credit card in installments

How to repay a credit card in installments:

1. Bill installment application time

From the transaction date to Until the repayment date, you can freely choose to make installments for transactions under RMB or USD accounts.

For transactions that have not been billed: You can apply for installment between the day the transaction occurs and 19:30 on the billing date corresponding to the transaction.

For bills that have been issued: You can apply for installments between the day after the bill date and the due payment date (for customers whose accounts have set up automatic repayment, the application deadline is 17:00 on the due payment date: 00).

2. Conditions for bill installment application

Applicants must hold a China Merchants Bank personal credit card master card, have good card usage records, and have no delays in current repayment. Customers who only hold commercial cards, business cards, purchasing cards, ANA guaranteed cards or supplementary cards cannot apply for bill installments at the moment.

3. Amount of bill installment application

When applying for RMB bill installment, the minimum application amount per time is not less than RMB 300; when applying for USD bill installment, the minimum application amount per time is not less than RMB 300. $100. After successfully applying for RMB or U.S. dollar bill installments, the principal of each installment and each installment handling fee will be credited to the RMB account, that is, the U.S. dollar bill installment amount will be converted into RMB according to the exchange rate specified at the time of application.

Extended information:

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. consumption funds, and then allow the cardholder to repay the money in installments to the bank and pay 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.

Cancellation of credit card installment:

After the credit card installment has not been executed by the system or within the cancellation time specified by the bank, you can directly call the customer service number or cancel the installment through online banking.

If the credit card installment has already started, the cardholder cannot cancel it. However, you can choose to repay in advance. It is worth noting that cardholders must have enough funds to repay in full before they can apply to the bank to settle the installment in advance. In addition, early repayment installment handling fees still need to be paid, but no additional early repayment handling fees will be charged.

It is worth mentioning that if your credit card repayment date is on the 13th and you do not have the money to repay it in full, and your salary day is on the 15th, then compared to installment repayment, the minimum payment is The payment method is the most cost-effective.

The difference between credit card transaction installment and bill installment:

1. The time is different:

Transaction installment is generally after the consumption occurs, the transaction is recorded, but the bill is not returned It is handled before the bill comes out; while the bill installment is usually done after the incoming transactions are summarized and settled. After the bill comes out, it is handled before the repayment date arrives.

2. Different amounts:

If a credit card is used for transaction installments, the entire amount of the entire transaction can usually be installmentd, but if it is used for bill installments, it is often only You can make installments for around 90 to 95 of the bill amount.

In addition, the respective handling rates may also be different (of course, whether it is a transaction installment or a billing installment, if the number of installments selected is different, the respective handling rates themselves will also be different. The difference is subject to the page display). There may also be differences in the choice of the number of installments. For example, for some credit cards, you can choose to divide the bill into 36 installments, while the transaction installment can only choose to divide into 24 installments at most, and there is no option of 36 installments.

How to repay in installments with a credit card

When you are under pressure to repay funds, choosing to repay in installments with a credit card can relieve your financial pressure and will not affect your personal credit report. Condition.

The common ways to choose credit card installment repayment are as follows. You can choose according to your own needs:

1. Telephone application method.

Nowadays, many customer service staff of banks will call to ask whether they need to apply for credit card installments before the repayment date. You can choose from 3 months, 6 months, or 12 months according to your repayment ability. At the same time, you can also take the initiative to apply by phone or edit a text message to the credit card SMS platform to apply;

2. Log in to the bank's official website, enter the credit card center, apply for the credit card installment repayment business, and click on the amount you need to apply for the installment. Just confirm the repayment cycle;

3. Follow the credit card official account, enter the credit card installment in the query column, and the content of the installment business will pop up, and you can make the corresponding selection according to your own needs. Just go through it;

4. Go to the bank counter to handle it. If you have any questions, you can directly consult the bank counter staff for face-to-face communication.

Nowadays, credit card installment business is a regular service launched by various banks. You can handle the business according to your actual needs.