1. Credit card installments can be repaid in advance. If the cardholder wants to repay the loan in advance, he or she can first call the 24-hour customer service hotline of the card-issuing bank. After applying to terminate the installment, the cardholder can repay the loan in advance. If the bank agrees to repay in advance, it will calculate the final amount you have to repay, and then include it in the minimum repayment amount of the next period's bill. If the minimum repayment amount is met, the installment can be terminated early. If you pay the money directly to the credit card without applying for early repayment from the bank, this does not mean that the debt is paid off, but it means that you have deposited the money into the credit card. If the amount exceeds the current repayment amount, it will be Not only cannot the overpayment be deducted from the arrears, but there is also a handling fee for withdrawing the money.

2. When repaying a credit card installment in advance, you need to pay attention to the following:

1. For early repayment, you need to contact customer service in advance to terminate the installment. If you do not apply to terminate the installment, the remaining balance of the installment will not be billed at once, and the card balance will still be occupied.

2. Cardholders need to be reminded that once the installment application is successful, it is irrevocable. Even if the installment is terminated in advance, the handling fees for the remaining installments will still be charged.

3. Credit card installment means that the cardholder uses the credit card to make consumption because the amount is insufficient. Therefore, the amount is paid in one lump sum by the bank to the merchant. Then, let the cardholder repay the loan in installments to the bank. The bank will deduct the consumption funds in installments from the cardholder's credit card account based on the cardholder's application, and the cardholder will repay according to the monthly credit amount. Banks will charge interest based on different installments. The interest rates for different banks and different installments are different. So how do we repay the credit card bill after installment? This depends on the bank. Usually, the bank will change this interest into a handling fee for various reasons to facilitate its collection. The methods of collection are also different. Some banks charge the full amount in the first month when the installment business occurs, while others charge it spread over each month. Each credit card's processing fee interest rate is also different, but generally follows the same principle. Taking China Merchants Bank's credit card as an example, the bank currently offers installment payments ranging from 2 to 24 installments, and the corresponding handling fee for each installment ranges from 1.0% to 0.68%. This is also consistent with our general commercial lending principles. However, there is basically no big difference in the installment fee rate for bills with more than 12 periods. For example, the 12th period is 0.66%, while the 18th and 24th periods are both 0.68%.