Credit card overdue is a problem that many cardholders don't want to encounter, but in the process of consumption, it is inevitable that there will be excessive overdraft or unexpected income decline, and it is impossible to pay off debts at one time. Then, in order to avoid overdue, you can use the bill to repay in installments.

What do you mean by credit card bill installment?

Credit card bill installment refers to an early consumption method in which the cardholder applies to the issuing bank for installment payment by telephone after credit card consumption and before the due repayment date.

Advantages of credit card installment payment:

1. Relieve the repayment pressure: installment of bills is to spread the repayment to monthly repayment, and a small amount of monthly repayment will relieve the pressure.

2. Regular cash withdrawal of credit cards: the credit value can be improved by moderate installment repayment, and the credit information can always be kept good, and the bank will check it regularly. It is easier to increase the credit line when the credit conditions are equivalent.

3. Enjoy value-added concessions: such as China Merchants Bank, China Construction Bank and Bank of Communications. There is a monthly installment bill, and gifts can be given if they meet the standards.

4. Increase of interest-free period: The longest interest-free period for credit cards is 56 days. If the bill comes out, it will be paid in installments one day before the repayment date, and the interest-free period can be extended by at least one billing cycle.

5. Accumulated points: Some banks regard bill installment as a point transaction, and points can also be exchanged for valid gifts.

Disadvantages of credit card bill installment:

The 1. quota is fixed. After applying for bill installment, the flexible quota will be reduced.

2. The handling fee is not reduced, and the advance payment is deducted.

3. The longer the installment time, the higher the handling fee.

That's all. I hope it helps you.