a credit card can stop paying interest. To handle the business of credit card suspension, the issuing bank must confirm that the amount owed by the credit card has exceeded the cardholder's repayment ability, and the cardholder has the willingness to repay, and both conditions are indispensable. Due to the different regulations of each bank, cardholders go to the relevant banks to consult specific matters.

What are the application conditions for suspension of interest payments?

The application conditions for suspension of interest payments are as follows:

1. It has been confirmed that the amount owed is clearly beyond the repayment ability of the debtor;

2. On the premise of repayment willingness, the debtor should take the initiative to negotiate and communicate with the bank before the deadline;

3. There are reasonable reasons, such as failure to repay the loan on time due to external factors, unemployment, illness and other reasons.

Legal basis: Article 7 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks

Under special circumstances, if it is confirmed that the amount owed by the credit card exceeds the cardholder's repayment ability and the cardholder is still willing to repay, the issuing bank can negotiate with the cardholder on an equal footing and reach a personalized installment repayment agreement. The longest term of personalized installment repayment agreement shall not exceed 5 years.

The contents of personalized installment repayment agreement shall at least include:

(1) the balance, structure and currency of arrears;

(2) repayment period, method, currency, date and repayment amount in each installment;

(3) whether the annual fee, interest and other expenses are collected during the repayment period;

(4) the cardholder shall not apply for a credit card commitment from any bank before all the relevant funds in the personalized installment repayment agreement have been settled;

(5) rights and obligations of both parties and liabilities for breach of contract;

(6) Other matters related to repayment.

if both parties reach an agreement and sign an installment repayment agreement, the card-issuing bank and its card-issuing service institution shall stop the collection of the cardholder, unless the cardholder fails to perform the installment repayment agreement. If an oral repayment agreement is reached, the issuing bank must keep the recorded data. Recording materials shall be kept at least until the date of settlement of arrears.