The following transactions cannot be used for installment payment:
1. Cash transactions in advance, installment transactions, real estate transactions and various fees (such as annual fees, interest, late fees and other credit card fees).
2. Funds that have been applied for purchasing foreign exchange;
3. Cash advance transactions, installment transactions, real estate transactions, RMB funds that have applied for foreign exchange purchase and other transactions designated by banks cannot apply for bill installment payment.
Extended data
The minimum amount of each application for installment payment of RMB bills shall not be lower than that of 300 yuan. For the installment payment of US dollar bills, the minimum amount of each application shall not be less than US$ 65,438+000. The total amount of installment application for unbilled transactions must be equal to the sum of the original transaction amounts, and cardholders cannot apply for partial installment repayment for a single transaction.
The bill can be divided into 2 periods, 3 periods, 6 periods, 10 period, 12 period, 18 period, 24 periods and 36 periods. The single installment fee rate is 0%~ 1.67%. The actual installment fee and the number of applicable installments are subject to the real-time evaluation results of China Merchants Bank Credit Card Center.
The repayable principal of each installment of the bill is equal to the total installment principal divided by the number of installments. The principal payable in each installment (accurate to the minute) is credited to the cardholder's credit card account every month, and the balance is credited to the last installment. For US dollar bill installment, after the application is successful, the US dollar installment amount will be converted into RMB according to the stipulated exchange rate, and the principal payable for each installment will be credited to the RMB account of the credit card.
China merchants bank official website-bill installment