If a bank wants to actively increase the credit card limit in its own name, it is important to maintain a good personal credit, avoid bad card use, spend credit cards well, remember to repay on time, and accumulate good consumption and repayment records; And use more credit cards to maintain a stable consumption of more than ten or twenty pens per month; Or when a person's economic income level increases, add more economic and financial information to the bank.
Of course, under the above premise, if customers occasionally make several large purchases and then make appropriate installments, it can really help banks to increase their quotas to a certain extent. The number of installments should not be too long, usually three to six times, and the installment amount should not be too much.
For example, customers can spend a lot on holidays, and then stage them after holidays, so that banks can understand that the credit card quota can not meet personal consumption needs, and maybe banks will increase the quota.
1. Can I prepay by credit card installment?
Yes, but it should be noted that you should try not to apply for prepayment after credit card installment, because many banks still charge fees or late fees for users who prepay. Except for ICBC, most banks stipulate that cardholders must pay off all the remaining principal and handling fees in one lump sum if they repay in advance.
2. Does the installment of credit card consumption have an impact on mortgage approval?
After credit card consumption is phased, if each installment is repaid on time, the debt ratio is not high, which will not affect the user's mortgage approval. After the installment, the user has overdue records, and the existing liabilities exceed 50% of the personal liabilities, which will directly affect the results of mortgage review, because the risk of bank lending to users is greater.
3. Will credit card installment repayment affect credit reporting?
No, credit card installment repayment will not affect personal credit information, because it is not overdue, but it should be noted that if the cardholder fails to repay on time after applying for installment repayment, it will affect personal credit information. In addition, it should be reminded that applying for credit card repayment will affect the personal quota and you need to pay a certain installment fee.
4. Credit card loan interest rate
Credit card installment is a credit card loan, and there will be a handling fee for installment. The credit card installment interest rate of each bank is different. For example, the interest rate of ICBC's credit card installment is 1.8% for the 6th installment, 2.7% for the 9th installment, 3.6% for the 1st installment, 5.85% for the 1st installment, and 5.6% for the 24th installment16 (one-time charge).
5. Are credit cards usurious?
No, credit cards are not usury. Credit card is a credit certificate issued by commercial banks or credit card companies to eligible consumers, while usury is a kind of loan with high interest, which usually belongs to private lending. These are two completely different concepts. Even from the interest point of view, credit cards usually pay 0.05% interest every day when they are withdrawn or overdue, and the annual interest rate is only 18%, far below 36%.