How many periods can a credit card be suspended?
Under normal circumstances, the bank's credit card suspension can be divided into 60 periods. This means that the cardholder needs to pay off all debts within 5 years after handling the suspension of interest payments. Credit card suspension is a business in which credit card holders apply to banks for overdue debts and no longer generate cyclic interest. It should be noted that the interest generated before the suspension of the account has not been eliminated.
In addition, although the credit card no longer generates interest, it needs to pay the installment fee. The amount of installment fee is determined according to the number of installments and the amount of debt owed by the cardholder. The more installments or the higher the amount of debt owed by the cardholder, the higher the cost of stopping paying interest.