1. What are the specific methods of credit card interest suspension?

1. After the credit card expires, you can apply for interest suspension installment through these two channels: First, go directly to the application. Apply to the relevant staff of the card bank; second, conduct online negotiation through the customer service phone number on the credit card and put forward your own demands.

2. The so-called interest-free installment means stopping the calculation of interest, temporarily putting the debt on hold, and waiting for the borrower to be able to repay the debt in one go; while the interest-free installment means that the user cannot pay off the debt all at once. When repaying the debt, negotiate with the bank to repay it in installments without calculating interest, which is also called secondary installment. Under normal circumstances, it is much more difficult to apply for an interest-rate suspension and suspension of accounts than to apply for an interest-rate suspension and installment. Generally, it is only possible to apply for an interest-rate suspension and suspension of accounts through negotiation with the bank under special circumstances. After applying for interest-suspended installment, overdue repayment cannot occur again, otherwise the bank will require the user to complete the repayment at once.

Article 70 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" stipulates that under special circumstances, it is confirmed that the amount of credit card debt exceeds the cardholder's repayment ability and the cardholder is still willing to repay. , the card-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement. The maximum period of a personalized installment agreement shall not exceed 5 years.

2. What are the advantages and disadvantages of suspending credit card interest rates?

(1) Benefits

1. After suspending credit card interest rates, you can repay the debt in installments to avoid profit rollover. A favorable situation occurs.

2. The interest-free period can be divided into up to 5 years of repayment to ease the repayment pressure, and repayments will be made every month in accordance with the agreement.

3. After handling the suspension of interest payments, the bank will no longer collect debts from the cardholder.

4. After suspending the account, you no longer have to worry about being sued by the bank. It is recommended that you record the account before handling it as a voucher.

(2) Disadvantages

1. Suspension of interest is done when the credit card is overdue, which has resulted in bad credit.

2. Before the debt is owed, No further credit business from any bank can be processed until all is settled.

3. If the repayment is not made according to the agreement, collections will come back, and the bank may even directly sue for credit card fraud.

Overdue credit card payments that cannot be repaid must be dealt with in a timely manner. You can apply for a suspension of interest payments, but you need to show your attitude towards repayment and show that you are willing to fulfill your repayment obligations, so as to ensure that you will not If you bear overdue interest due to overdue payments, your credit score will not be damaged. Therefore, it is particularly important for you to repay your loan on time.