As long as the cardholder applies to the bank for installment repayment after the bill date, there are many installment options, such as cash installment and free installment. Cash installment is mainly the installment of withdrawal application, and free installment is the installment of bill.
Credit card installment can be repaid in advance, but you need to contact customer service in advance to terminate the installment. If you don't apply for termination of installment, the remaining installment amount will not be recorded in one lump sum, and it will still occupy the amount in the card, and the money deposited is only equivalent to the deposit.
In addition, even if the installment is terminated early, the handling fee for the remaining installments will still be charged. For example, if you pay back 12 installments 1200 yuan, the bank will only think that you overpaid, and the rest are just overpaid. The bill is still deducted at once. If you can, you can cancel the installment payment first, then repay it, and click on the repayment directly, but the details still depend on the bank's regulations.
Credit card installment payment refers to the business that when a cardholder uses a credit card to make a large amount of consumption, the card-issuing bank pays the consumption funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and deducts the consumption funds through the cardholder's credit card account in stages according to the cardholder's application, and the cardholder repays according to the monthly recorded amount.
In the past, credit card installment mainly included bill installment and single consumption installment, and banks usually charged corresponding handling fees according to the number of installments. Whether it is bill installment or single consumption installment, the premise is to generate consumption behavior first, and then the bank will set installment repayment for the generated credit loan.
Most domestic banks have credit card installment business. Installment payment is generally divided into POS installment, "mail order installment" and bill installment according to different occasions.
Shopping mall staging, also known as POS staging, refers to cardholders going to shopping places, such as "shopping malls" that can be staged. When you check out, you need to pay by installment with a credit card supported by the mall. Then the cashier will swipe the card on the special POS machine according to the number of periods required by the cardholder (such as 3 periods, 6 periods, 12 periods, etc.). There are also a few shopping malls that support the 24 th issue).