A credit card can be applied for multiple installments, and the number of installments is not limited.

Notes on applying for credit card installments:

1. The amount of the installment will occupy the credit limit.

For example, if you have a 2,000 bill that you want to pay in 12 monthly installments, assuming it is 200 per month, then your credit limit will be reduced by 1,800 in the first month because it is occupied. Each time you make a payment in the future, a portion of your credit limit will be restored.

2. Some consumption cannot be repaid in installments, such as the part that uses the temporary quota, such as the part that should be repaid in the previous installment (the installment applied for last month, you have to repay 200 this month, and this 200 cannot be repaid) divided again).

Extended information:

Number of credit card installments:

1. Ordinary installments:

The ordinary installment business of credit cards is generally divided into 3 Months, 6 months, 9 months, 12 months, 18 months, 24 months, some banks have 36 months, and some banks have only 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.

Baidu Encyclopedia-Credit Card

Baidu Encyclopedia-Credit Card Installment