Most credit card installments can be divided into 3 months, 6 months, 9 months, 12 months, 16 months, and 24 months. Some bank credit cards can be divided into 36 months, because various banks The regulations are not uniform, and the levels of credit cards are not uniform, and the number of installments is different. The specific number of installments is subject to the actual regulations.

Credit card installment 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 the cardholder repays the payment to the bank in installments. payment process. The bank will deduct the consumption funds in installments from the cardholder's credit card account based on the cardholder's application, and the cardholder will repay according to the monthly credit amount.

Extended information:

Notes:

1. Although the longer the installment period, the smaller the monthly repayment amount and the smaller the repayment pressure. , the lower the interest rate, but the higher the calculated total handling fee.

2. It should be noted that if you want to repay in advance after the installment, the handling fee is usually charged, and the credit card limit cannot be increased during the installment repayment period.

3. Different banks have different regulations for credit card installments. It can be divided into 3 installments, 6 installments, 12 installments, 18 installments and 24 installments. The longest period shall not exceed 36 installments. Please refer to the regulations of the card-holding bank. of.

4. When consumers are dissatisfied with the goods or return the goods due to quality problems, the handling fees collected by most banks will not be refunded. Consumers who pay the handling fee in one go will suffer greater losses.

5. Non-refundable handling fee for early repayment. When applying for installment, you should also know whether you need to pay the handling fee in one go or collect it in installments. What you need to understand is that regarding the handling fee, whether it is Regardless of the payment method, as long as you choose the number of installments, the handling fee cannot be changed. Even if you repay in advance, the handling fee will not be less. After installment, even if you have the ability to repay in advance, the installment cost cannot be reduced.

Baidu Encyclopedia - Credit Card Installment Payment

Baidu Encyclopedia - Credit Card Bill Installment