There is no limit to the number of installments of the credit card, and the installments can be from 3, 6, 9, 12, 24, and 36 installments.

From the perspective of the form of installment payment, when cardholders handle this business, the starting amount of a single transaction is limited, and the installment repayment grades and handling fee standards are also different; it can be roughly divided into three types. Category:

The first category is carried out by banks in cooperation with special merchants, but the product types are limited;

The second category is that banks provide product catalogs, and cardholders can choose from the catalog. After purchasing, the bank then entrusts the supplier to deliver the goods to the customer;

The third category is not limited to merchants and goods. After the cardholder purchases, he or she can apply for installment repayment from the bank. Some banks even accept the payment. The scope is set to global.

Extended information:

Most domestic banks have credit card installment services. Installments are generally divided into shopping mall (POS) installments, through the Internet, and mailings according to different occasions. "Mail order installments" and bill installments are carried out.

1. Shopping mall installment

Also known as POS installment, it means that cardholders go to shopping places and make purchases at "malls" where installment can be carried out. When checking out, please show the shopping mall's credit card that supports installment payment and indicate that you need to pay in installments. Then the cashier will swipe the card on a dedicated POS machine according to the number of issues required by the cardholder (such as 3 issues, 6 issues, 12 issues, etc., a few shopping malls support 24 issues).

Note: Cardholder identity verification is required when making installment purchases in shopping malls, so remember to bring your ID card.

Shopping mall installments are generally free of charge for three installments. The rates for 6 and 12 periods vary from bank to bank. Installment products can generally be purchased as long as they are normally sold in the shopping mall. In many cases, cardholders can also bundle multiple items together at checkout and then make installment payments.

2. Mail order installment

It means that the cardholder receives the installment mail order catalog manual sent by the card-issuing bank (or the bank's online installment mall) and chooses from limited products. Then order through the online installment mall, call or fax the mail order installment application form, etc. to the bank for installment mail order.

There is generally no handling fee for mail order installments regardless of the number of installments. However, due to the long ordering cycle (in many cases it will take more than 15 working days to get the product) and the relatively cumbersome return and exchange process, it is recommended to compare before purchasing.

3. Bill installment

This is the most convenient installment method. Basically, all card-issuing banks can support this installment method, and the application is simple. Users only need to submit an installment application to the card-issuing bank by phone or other methods after swiping their card for consumption and before monthly bills are issued. However, it should be noted that each bank will stipulate some special cases. For example, speculative card swiping will not be successful in installments.

So before proceeding with installment, be sure to read the installment manual carefully. The disadvantage of bill installment is that the handling fee cannot be waived. The longer the number of installments, the higher the handling fee, all of which must be borne by the cardholder.

Baidu Encyclopedia-Credit Card Installment