When purchasing a car in installments with an ICBC credit card, is there a fixed down payment ratio? I have taken a fancy to a car with a body price of RMB 80,000. Should I directly swipe my card to pick up the car or pay a down payment first? Thanks

1. Credit card installment purchases have down payment requirements, generally the minimum down payment is 30

2. Credit card installment process:

Call the credit card center to apply for car purchase installments

The bank will review and notify you of the credit card installment limit

Sign a car purchase agreement with the car dealer and pay the down payment

Pay the installment by credit card

Go through the installment related procedures

Last pick up the car

Here is an introduction to installment car purchase with ICBC credit card

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