What does the credit card installment limit mean?

When shopping with a credit card, merchants will often sell you this installment payment method, so that you do not need to pay the entire amount at once, but can pay it off over several months. The so-called installment payment amount refers to the maximum amount that the bank approves for your installment consumption.

This installment amount is usually determined based on your credit history, income, working years and other factors. The bank will use this information to evaluate your repayment ability and determine your installment amount. It should be noted that the installment limits of different banks and different credit cards may be different.

When you plan to use a credit card to pay in installments, be sure to pay attention to whether your installment limit is sufficient. If the amount of installment consumption exceeds the limit, the bank may reject your installment request or charge additional processing fees. Therefore, before spending, it is best to understand your installment limit and make installment payments based on actual needs.