How to apply for credit card installment?
How to apply for credit card installment:
1. Apply by phone, call the customer service number of the credit card bank, and select manual service according to the prompts. Then tell the customer service the amount and number of installments you want to apply for, and wait for the application to be approved.
2. For online banking, log in to online banking and credit card accounts, select bill inquiry, then click on bill installment, fill in the form completely and submit it, waiting for approval.
3. Use WeChat to apply, add the bank’s WeChat service account, and follow the prompts on the page to select card application and installment services.
4. To apply at a bank outlet, you can go to the bank's business hall with your ID card and credit card to pick up the number and apply directly.
How to repay a credit card in installments
How to repay a credit card in installments:
1. Bill installment application time
From the transaction date to Until the repayment date, you can freely choose to make installments for transactions under RMB or USD accounts.
For transactions that have not been billed: You can apply for installment between the day the transaction occurs and 19:30 on the billing date corresponding to the transaction.
For bills that have been issued: You can apply for installments between the day after the bill date and the due payment date (for customers whose accounts have set up automatic repayment, the application deadline is 17:00 on the due payment date: 00).
2. Conditions for bill installment application
Applicants must hold a China Merchants Bank personal credit card master card, have good card usage records, and have no delays in current repayment. Customers who only hold commercial cards, business cards, purchasing cards, ANA guaranteed cards or supplementary cards cannot apply for bill installments at the moment.
3. Bill installment application amount
To apply for RMB bill installment, the minimum application amount each time is not less than RMB 300; to apply for USD bill installment, the minimum application amount each time is not less than RMB 300. $100. After successfully applying for RMB or U.S. dollar bill installments, the principal of each installment and each installment handling fee will be credited to the RMB account, that is, the U.S. dollar bill installment amount will be converted into RMB according to the exchange rate specified at the time of application.
Extended information:
Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder. consumption funds, and then allow the cardholder to repay the bank in installments and pay handling fees. The bank will deduct consumption funds and handling fees from the cardholder's credit card account in installments based on the cardholder's application, and the cardholder will repay according to the monthly credit 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 You can make installments for around 90 to 95 of the bill amount.
In addition, the respective handling rates may also be different (of course, whether it is transaction installment or 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, some credit cards 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.
How to Install Credit Cards
1. After credit card installments, you can automatically repay through mobile banking, third-party payment platforms, ATM machines, bound bank cards, and repay over the counter.
2. Specifically:
Computer operating environment: Apple Computer A1466Window10 system
Mobile phone operating environment: Xiaomi 12MIUI12.5.13
1. Mobile banking. Now all major banks have their own mobile APP. After downloading, you can log in to your account to pay off your credit card;
2. Third-party payment platforms, such as Alipay and WeChat, are available on these software. There is a credit card repayment function, and you can repay after binding the bank card;
3. To pay at the ATM machine, just insert the credit card directly into the ATM machine and then deposit money;
4. Associate the bank card with the credit card, and the system will automatically deduct the money from your bound bank card on the repayment date;
5. You can also repay at the counter of a bank outlet, and you need to bring your identity. certificate, credit card.
3. Installment payment:
1. Installment payment (PaybyInstallments) is mostly used in some product transactions with long production cycles and high costs. Such as the export of complete sets of equipment, large-scale vehicles, heavy machinery and equipment and other products. The method of installment payment is that after the import and export contract is signed, the importer first pays a small part of the payment to the exporter as a deposit, and the rest of the payment is paid after part or all of the product is produced, shipped, or after the goods arrive for installation and test run. , investment and repayment in installments when the quality guarantee period expires.
2. Installment payment is actually a loan provided by the seller to the buyer. The seller is the creditor and the buyer is the debtor. The buyer can obtain the required goods or services after paying only a small part of the payment. However, because future installment payments include interest, the amount paid for the same goods or services by installment payment is higher than that of a one-time payment. The payment for goods is more. On the one hand, the installment payment method allows sellers to complete promotional activities, and on the other hand, it also provides convenience to buyers.
3. The characteristic of installment payment is that after the import and export contract is signed, the importer first pays a small part of the payment to the exporter as a deposit, and the rest of the payment is made during part or all of the production of the product. Payment will be made in installments after completion of shipment, or when the goods arrive for installation, commissioning, investment and the expiration of the quality guarantee period. The buyer and seller sign a contract when the transaction is concluded, and 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.
4. Most domestic banks have credit card installment services. Installments are generally divided into shopping mall (POS) installments, "mail order installments" and bill payments through the Internet, mail, etc. depending on the occasion. installment.
How to pay for credit card installments?
Credit card bill installment refers to the installment of unbilled transactions and billed transactions. The application qualifications, installment amount, number of installments and rates are subject to the comprehensive evaluation of the credit card center. [You can click here for the web link].
If it is a China Merchants Bank credit card, you can choose the following channels to apply for bill installment:
Handheld Life: After logging in to Handheld Life, click Finance → Installment → Bill Installment, fill in the amount and number of installments, Then click "Preview Order" to submit the application.
Online banking: Log in to the public version or professional version, click "Instalment Management" - "Bill Installment - Deposited" / "Bill Installment - Not Deposited" - "Instalment Application" on the credit card interface.
Mobile banking: After logging in to mobile banking, click My → All → Credit Card → Installment to enter the operation page.
Enter the application page to see the optional number of installments and installment rates.
Credit card telephone channel: Dial the credit card customer service hotline and press the button to directly state the business you need to apply for.