In addition to normal overdraft consumption, credit cards can also be used for installment consumption. It is common for credit cards to handle installment business. There are two main situations of credit card installment, one is installment shopping, and the other is installment billing. The so-called installment means paying or repaying consumption by installment, so is credit card installment a one-time deduction? Let's get to know each other.

Is credit card installment a one-time deduction?

If the credit card is purchased in installments, then in this case, it is deducted from the credit limit of the credit card at one time, and the system will deduct the total amount paid at one time, and then the user will repay the consumption in installments. In the case of installment shopping, it more means that the user repays in installments, and the merchant will receive the money at one time. Therefore, in the case of installment shopping, there are also requirements for the credit card quota. If the credit limit of a credit card is insufficient, it cannot be purchased by installments.

If it is an installment credit card bill, when the credit card bill has been generated, it will be repaid through the installment statement. This situation often occurs within the credit limit of a credit card, which may be composed of multiple consumption bills. If the cardholder can't repay in full, he will repay in installments. It is only important to note that not all bills are paid in installments, such as handling fees, annual fees, temporary quotas, etc. Can't be repaid in installments.

There will be a handling fee for both installment shopping and bill installment. This handling fee can be paid in one lump sum, or it can be incorporated into the installment repayment amount of each period.