Buying goods by installments with a credit card means choosing to pay bills by installments and repay the consumption generated by buying goods by installments. There is a handling fee for credit card installment, and you have to repay it in the first installment.

Installment is a repayment method of credit card, as well as full repayment method and minimum repayment method.

Credit card installment business and loan are not a kind of business, and they charge a handling fee instead of loan interest. With the popularity of credit cards, credit cards occupy a lot of bank funds by stages. Considering the rising cost of capital, the bank raised the installment fee.

Credit card installment business is mainly divided into three categories: bill installment, single consumption installment and cash installment. Some fees are collected in advance at one time, and some are repaid with the principal on a monthly basis. One-time charge, if the user repays in advance, the handling fee will not be refunded.

Repay on time, and don't cause overdue.

Consequences of overdue:

1, bear high penalty interest;

2. Causing legal disputes;

3. Leave a "credit stain" in the national credit information system.

Generally, if a credit card fails to repay more than three times, you can apply for a credit card but the amount is small, or you can borrow money, but the interest is high. Those who repay more than six times or fail to repay once will be blacklisted, and you can't apply for credit cards and loans.