Credit card installment payment refers to the process that the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum when the cardholder uses the credit card to make a large amount of consumption, and then the cardholder repays the money to the bank in installments. According to the cardholder's application, the bank deducts the consumption funds by stages through the cardholder's credit card account, and the cardholder repays according to the monthly amount.

From the form of installment payment, there is a limit on the initial amount of a single transaction for cardholders to handle this business, and the level of installment repayment and the standard of handling fee are also different; It can be roughly divided into three categories:

Banks cooperate with special merchants, but the products are limited;

The bank provides the product catalogue, which is selected by the cardholder, and then the bank entrusts the supplier to deliver the goods to the customer;

Merchants and goods are not limited. Cardholders can apply for installment repayment from banks after shopping, and some banks even set the acceptance scope to the whole world.