Friends who use credit cards know that credit cards have the function of installment repayment. If the cardholder is temporarily unable to repay in full, he can apply for installments to relieve his repayment pressure. Some friends are When there is a demand for installment, I am told that I cannot apply for installment. So why can’t I apply for installment with my credit card?

Credit cards are overdraft tools provided by banks to cardholders. The purpose of banks issuing credit cards is to make profits, and credit card installment is a way for banks to make profits, so many credit card users have received Invite phone calls to apply for installment, so why are some cardholders unable to apply for credit card installment? The main reasons are as follows:

1. Banks need to assess cardholders. If the cardholder has not used the credit card for a long time, or the initial credit limit of the credit card is relatively low, he may not have enough trust from the bank, so the bank does not support you in installment business.

2. The credit card is overdue or cashed out. Some young people blindly swipe their cards for consumption when using credit cards, resulting in the inability to repay and overdue payments. If the cardholder is often overdue, the bank may reject your installment application. In addition, if the cardholder engages in arbitrage behavior, this is also a problem for the bank. It is not allowed. These behaviors will cause the bank to judge your consumption behavior as bad and will not allow the cardholder to apply for credit card installment.

3. Exceed the number and time of installments. Credit card bill installments need to be applied for by the cardholder, and can only be processed after approval by the bank. Banks have certain requirements for the number of installments. Usually, you can only apply for one installment within a statement day or only one installment within three months. If the number of installments exceeds the number specified by the bank, the installment application will fail. In addition, the credit card bill for the current month can only be applied for in the current month. If it exceeds the specified time, installment services cannot be applied.

4. Cash withdrawals and temporary quotas cannot be made in installments. Some cardholders will use the cash withdrawal function when using credit cards. Cash withdrawals with credit cards cannot be made in installments. The balance must be paid off in full within the specified time. In addition, for those who have used a temporary credit limit, the temporary limit is not supported. Handle installments.

In general, credit card installment can indeed relieve users’ repayment pressure to a certain extent, but there are also requirements for installment. Only those who meet the conditions can apply for installment repayment. It is recommended that everyone usually best It is better to pay attention to rational consumption and repay in full. After all, credit card installment repayment will incur handling fees.

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