How many installments can the credit card installment be divided into at most?

The maximum number of installments can be 36.

China Merchants Bank charges 0.9% in 3 installments; 0.75% in 6 installments; 0.66% in 12 installments; a one-time handling fee is charged.

Introduction to product features:

1. There are many types of cards, with novel and beautiful styles, which are easy to attract people.

2. The service attitude of telephone banking is very good and very convenient.

3. Electronic banking and mobile phones are linked together and are relatively safe.

4. There will be an email notification for every purchase, and a text message reminder for every online transaction and general card transactions over 300 yuan.

Extended information:

Most domestic banks have credit card installment services. Installments are generally divided into shopping mall (POS) installments, through the Internet, and mailings according to different occasions. "Mail order installments" and bill installments are carried out.

Shopping mall installment

Also known as POS installment, it means that cardholders go to shopping places, such as "malls" where installment can be purchased. When checking out, please show a credit card that supports installment payment at the mall and indicate that you need to pay in installments. Then the cashier will swipe the card on a dedicated POS machine according to the number of issues required by the cardholder (such as 3 issues, 6 issues, 12 issues, etc., a few shopping malls support 24 issues).

Note: Cardholder identity verification is required when making installment purchases in shopping malls, so remember to bring your ID card. Shopping mall installments are generally free of charge for three installments. The rates for 6 and 12 periods vary from bank to bank.

As long as the products that can be paid in installments are products that are normally sold in the shopping mall, they can generally be paid in installments. In many cases, cardholders can also bundle multiple items together for checkout and then make installment payments.

Mail order installment

It means that the cardholder receives the installment mail order catalog manual sent by the card-issuing bank (or the bank's online installment mall) and chooses from limited products. Then order through the online installment mall, call or fax the mail order installment application form, etc. to the bank for installment mail order.

There is generally no handling fee for mail order installments regardless of the number of installments. However, due to the long ordering cycle (in many cases it will take more than 15 working days to get the product) and the relatively cumbersome return and exchange process, it is recommended to compare before purchasing.

Bill installment

This is the most convenient installment method. Basically, all card-issuing banks can support this installment method, and the application is simple. Users only need to submit an installment application to the card-issuing bank by phone or other methods after swiping their card for consumption and before monthly bills are sent.

However, please note that each bank will stipulate some special cases. For example, speculative card swiping will not be successful in installments. So before proceeding with staging, be sure to read the staging manual carefully.

What is the maximum credit card installment?

The credit card can be repaid in installments up to 3 years. The maximum installment for CITIC Bank and Industrial Bank credit cards is 3 years, and the maximum installment for industrial and commercial, construction, China, agriculture, transportation, investment, people's livelihood, Ping An, Guangfa, Pudong Development, Huaxia, Savings, and Bank of Beijing is 2 years.

Extended information:

Credit card installment means that when the cardholder uses a credit card for consumption, the cardholder does not have the money to repay the full amount on the repayment date, so he will choose the minimum repayment Or repay in installments. The minimum repayment is based on daily interest, while the credit card installment payment directly calculates the installment fee, and the cardholder repays according to the monthly deposit amount.

Cancellation of credit card installment:

After the credit card installment has not been executed by the system or within the cancellation time specified by the bank, you can directly call the customer service number or cancel the installment through online banking.

If the credit card installment has already started, the cardholder cannot cancel it. However, you can choose to repay in advance. It is worth noting that cardholders must have enough funds to repay in full before they can apply to the bank to settle the installment in advance. In addition, early repayment installment handling fees still need to be paid, but no additional early repayment handling fees will be charged.

It is worth mentioning that if your credit card repayment date is on the 13th and you do not have the money to repay it in full, and your salary day is on the 15th, then compared to installment repayment, the minimum payment is The payment method is the most cost-effective.

The difference between credit card transaction installment and bill installment:

1. The time is different:

Transaction installment is generally after the consumption occurs, the transaction is recorded, but the bill is not returned It is handled before the bill comes out; while the bill installment is usually done after the incoming transactions are summarized and settled. After the bill comes out, it is handled before the repayment date arrives.

2. Different amounts:

If a credit card is used for transaction installments, the entire amount of the entire transaction can usually be installmentd, but if it is used for bill installments, it is often only Approximately 90% to 95% of the bill amount can be installmentd.

In addition, the respective handling rates may also be different (of course, whether it is a transaction installment or a billing installment, if the number of installments selected is different, the respective handling rates themselves will also be different. The difference is subject to the page display). There may also be differences in the choice of the number of installments. For example, for some credit cards, you can choose to divide the bill into 36 installments, while the transaction installment can only choose to divide into 24 installments at most, and there is no option of 36 installments.

The maximum credit card installment period is 24 months, that is, two years. In bank credit card business, interest is calculated based on the total principal amount for installment repayment and minimum repayment. If you pay in installments, no matter how many months you repay, the interest is calculated based on the total principal amount.

Depending on the number of installments, the bank will charge a handling fee based on a certain proportion. The greater the number of installments, the higher the handling fee. And generally once you apply for installment, you cannot cancel it. Even if you repay the loan in advance, the handling fee must be paid in full. There is a rough calculation formula: annual interest rate = monthly interest rate 0.56%122, so the annualized interest rate is basically higher than 12%.

No matter what, it is best not to overdue your credit card repayments, otherwise it will affect your credit score and life.

The consequences of overdue credit card repayment:

1. Call

Call refers to failure to repay the loan on the last repayment date set by the bank. After the amount is deposited into the credit card account, the bank will use various means to urge you for repayment. The most common ones are phone calls and letterhead reminders.

2. Overdue records

If you fail to deposit the repayment amount (or the minimum repayment amount) into your credit card on the last repayment date specified by the bank, the bank will consider your credit card to be overdue, and the overdue credit card will be included in the personal credit reporting system, forming a credit stain on all banks. All overdue records are exclusive, so if you are continuously overdue in one bank, don’t expect other banks to let you use your credit card, including future applications for home loans, car loans, etc., you will be rejected.

If the overdue credit card payment is serious or the amount is significant, it will constitute a credit card and other criminal acts. According to Article 196 of the Criminal Law, one of the following circumstances exists:

Whoever conducts credit card activities with a relatively large amount shall be sentenced to not more than five years or criminal detention and shall be fined not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, the sentence shall be not less than five years but not more than 10 years and a fine of not less than 50,000 yuan. A fine of not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances, the offender shall be fined not less than 10 years, or concurrently, be fined not less than 50,000 yuan but not more than 500,000 yuan, or have property confiscated.

According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a credit card that records cardholder account information, has bank credit lines and overdraft functions, and provides cardholders with relevant banking services. All types of media.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

After purchasing with a credit card, if you choose to repay in installments, how long is one installment?

After spending with a credit card, if you choose to repay in installments, one installment is one month. There are many types,

For example: Agricultural Bank of China can choose from five installment methods: 3 installments, 6 installments, 9 installments, 12 installments, and 24 installments.

Installment repayment: refers to a contract signed by the buyer and seller at the time of closing the transaction, whereby the buyer pays the seller in installments for the purchased goods and services within a certain period of time. The date and amount of each delivery of goods are stated in the contract in advance.

2. One period is one month.

There are 3 phases, 6 phases and 12 phases.

I don’t know the specific measures of Everbright, but I know that the fees charged by each bank are different.

Like Pudong Development Bank, it charges about 0.7% of the required installments every month, depending on the number of installments.

For example, China Merchants Bank charges a one-time handling fee of 2.6-7.2% for installments, depending on the number of installments.

In fact, you can call to consult for more clarity.

3. A credit card installment generally refers to the days between one billing date and another billing date, that is, a one-month cycle.

Generally speaking, when making an installment payment, if the time is before the billing date, the first installment of the installment will be included in the billing date. If it is done after the billing date, the amount of the first installment will only be charged to the next bill. Therefore, you can choose the installment date according to your actual situation. For example, if you spend 6,000, you can repay it in 6 installments. The billing date is the 8th, so if the installment is after the 8th, the first installment of the bill will be generated on the 8th of the next month.

The maximum number of credit card installments can be divided into several years

There is a standard for determining the maximum number of credit card installments that can be divided into, and there are several simple installment businesses:

1. Ordinary installment:

The ordinary installment business of credit cards is generally divided into 3 months, 6 months, 9 months, 12 months, 18 months, and 24 months. Some banks have 36 months, and some banks only offer 12 months. You need to pay the monthly repayment amount and all handling fees in one lump sum on the first repayment date below. The handling fee is about 4% to 10%, and the regulations of each bank are different, so please pay attention to the inquiry.

2. Apply for installment payment at a merchant:

Generally, such credit card installment requires a certain handling fee, and the maximum installment is about 36 months.

3. Large-amount installments:

Large-amount installments are generally used to purchase cars, house decoration, etc. The number of installments is generally 12 months, 24 months, or 36 months. , the handling fee is about 4%, 8%, 12%. Generally, the monthly repayment amount and all handling fees are paid in one lump sum on the first repayment date.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , deposit and withdraw cash, etc., an electronic payment card with all or part of the functions? On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”

Credit card is a non-cash payment method and a simple credit service.

Credit cards are generally plastic cards with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. They are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when making purchases with a credit card. Make further repayments. Except for some credit cards combined with debit cards, general credit cards are different from debit cards and ATM cards in that credit cards will not directly deduct funds from the user's account.

Credit cards are issued by commercial banks to individuals and organizations. They can use them to shop and consume with special organizations and deposit and withdraw cash from banks. They are special carrier cards with consumer credit. They are in the form of a card with the card issuing number printed on the front. Cards with bank name, validity period, number, cardholder name, etc., and a magnetic stripe and signature strip on the back.

A real credit card has the following characteristics: it is not encouraged to deposit cash in advance, consume first and repay later, enjoys an interest-free payment period, can repay in installments independently (with a minimum repayment amount), join VISA, MASTER Wait for international credit card organizations to make it universally applicable.

How many months does it take to pay in 12 installments with a credit card?

Each installment of a credit card installment is one month; if you pay in 12 installments, it will be paid off within 12 months, so Installment can relieve financial pressure; especially when making large purchases, installment payment will not let us miss the opportunity to purchase. However, we need to pay a certain handling fee when applying for installment, which everyone needs to pay attention to.

The bank will deduct the consumption funds and handling fees 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.

Installation can be divided into three categories: the first category is carried out by banks in cooperation with special merchants, but the product types are limited; the second category is the bank's product catalog, which is purchased by the cardholder. The bank then entrusts the supplier to deliver the goods to the customer; the third category is not limited to merchants and goods. After the cardholder purchases, he or she can apply for installment repayment from the bank. Some banks even set the acceptance scope to be global.

This ends the introduction about how long the credit card installment is and how long it takes to receive the credit card installment. I wonder if you found the information you need?