What do you mean by installment?
Installment does not occupy the credit line, which means that in the case of credit card consumption by installment, the installment part will not occupy the available credit line of the credit card, that is, the available credit line will not be reduced due to installment. For example, if your credit card limit is 5000 yuan, you have already spent 1000 yuan, and then you choose to pay by installments of 2000 yuan, then the available credit line at this time is still 4000 yuan, not 3000 yuan, because the installment does not occupy the credit line.
The advantage of not occupying credit line by stages is that cardholders can use credit cards more flexibly, while maintaining a high available credit line, which is helpful to improve the efficiency of credit card use. It should be noted that installment payment usually charges a certain fee and interest, and cardholders need to know the relevant fee and interest rate carefully to avoid increasing the burden and risk due to installment payment.
Why does credit card installment not account for the quota?
In fact, it is very simple, that is, the credit card special line is used for installment. The credit line and credit card line are independent of each other and do not affect each other. For example, China Merchants Bank e-loan, CITIC Express, Pudong Universal Fund and so on. After the installment, it will only occupy the special installment quota and will not occupy the credit card available quota.
However, the special installment of credit card is only a separate amount, which can be linked with credit card in essence. This kind of installment payment business is called a loan in the form of a credit card. Usually only cardholders with good credit conditions have the opportunity to use it.
Finally, I would like to remind you that credit card installment does not occupy the quota, and the repayment method should also be paid attention to. Some of them can be directly returned to the credit card account, and the other part needs to be returned to the special line account opened separately. It is best to read the installment clause carefully before repayment, and ask the bank customer service if you are not clear.
In addition, if the number of installments is too long, it may also have a certain impact on the credit record, so it is necessary to carefully consider the installment clause.