There are several types of Guangfa card installments, including cash Guangfa card installments, consumption Guangfa card installments, and bill Guangfa card installments. There are differences among the three, and their contributions to the credit limit increase are also different.

1. Cash installment

Cash installment should be the most familiar one to everyone. Even if you have not practiced it, you should have heard of it, right? The so-called cash installment is a method in which the credit card holder converts the credit limit in the credit card into cash, and the card holder will pay back the amount according to the specified number of installments.

There is also cash withdrawal here. Both cash withdrawal and cash installment are used to realize the credit card limit in real time, but there is no agreement on how to repay the cash. It can be repaid immediately on the same day (common in cash withdrawal activities), and it can be used once for a period of time. After repaying it, you can also repay it in installments with Guangfa Card. For cash installments, the method and number of installments have already been agreed upon when borrowing money.

2. Bill installment

Bill installment means that after the credit card bill is issued, the cardholder applies to the credit card center to return the consumption amount in the bill to the bank in installments, and the bank collects it Some operations with installment fees. What bank customer service often calls to invite you to do is bill installment.

3. Installment consumption

Installation means that after the cardholder swipes the card for consumption, if the single consumption amount reaches the minimum consumption amount stipulated by the bank for applying for installment, he can apply to the bank for payment. Apply to split the consumption into multiple repayments, and the bank will divide the consumption into multiple payments and charge it to your credit card account. Many banks now have credit card malls, and everything in them can be purchased in installments with Guangfa cards. In some bank credit card malls, Guangfa cards can be purchased in installments with 0 installment rates and 0 handling fees. When you have urgent needs, This is best.