Information supplement:
Credit card installment payment can be roughly divided into three categories:
1, swipe your card first and then call the customer service hotline of the issuing bank's head office to apply for general installment. This business is generally divided into 3 months, 6 months, 9 months, 12 months, 8 months and 24 months. Some banks have 36 months, while others have only 12 months. Cardholders are required to pay the repayment amount of the current month and all handling fees in one lump sum on the following first repayment date. The handling fee is about 4% to 10%, which varies from bank to bank. Please pay attention to the inquiry.
2. Apply for installment payment at the merchant, and the formalities shall be undertaken by the merchant. Please consult specifically for specific questions;
3. Large installment payment, such as car purchase and house decoration, is generally 12 months, 24 months and 36 months, and the handling fee is about 4%, 8% and 12%. Also pay the monthly repayment amount and all handling fees in one lump sum on the first repayment date below. But you need to apply in advance.
Second, the types of credit card installment payment
Most domestic banks have credit card installment business, and installment payment is generally divided into POS installment, "mail order installment" and billing installment through the Internet and mail according to different occasions.
1, shopping mall by stages
Also known as POS staging, it means that cardholders go to shopping places and shop in "shopping malls" that can be staged. When you check out, you need to pay by installment with a credit card that supports installment in this 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).
Note: When staging in the mall, you need to verify the identity of the cardholder and remember to bring your ID card.
Shopping malls are generally free in three stages. The rates for Stage 6 and Stage 12 vary from bank to bank. As long as the goods are sold normally in shopping malls, they can generally be paid by installments. In many cases, cardholders can also bundle multiple items together to settle accounts, and then pay in installments.
2. Mail order installment payment
It means that the cardholder receives the installment mail order catalog manual sent by the issuing bank (or the online installment mall of the bank) and chooses from the limited commodities. Then the bank orders in installments through online installment mall, telephone or fax installment application form, etc.
Generally, there is no handling fee for mail order installment regardless of the number of installments. However, due to the long ordering cycle (in many cases, it takes more than 15 working days to get the goods), and the return is relatively complicated. It is recommended to compare before buying.
3. Bill installment payment
This is the most convenient staging method, which can be basically supported by all issuers, and the application is simple. Users only need to apply to the issuing bank for installment by phone after spending their credit cards and before sending monthly bills. However, it should be noted that banks will stipulate some special circumstances, such as speculative credit cards can not be successful in installments. So before the trial run, be sure to read the trial run manual carefully.