Credit card installment payment refers to the process that the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum when the cardholder uses the credit card to make a large amount of consumption, and then the cardholder repays the money to the bank in installments. According to the cardholder's application, the bank deducts the consumption funds by stages through the cardholder's credit card account, and the cardholder repays according to the monthly amount.
The conditions for credit card installment payment are:
1, the credit card should have enough money to pay;
2. For transactions that are not accounted for, apply for installment directly after payment;
3. Full repayment implied by the issued bills, and there is no delay in repayment of the last three bills;
4. Those who cannot handle bill installment include: cash advance transaction, installment payment transaction and various expenses (such as annual fee, interest, late payment fee and other credit card fees, etc.). ).