After getting a credit card, the cardholder will always buy a lot of things inadvertently. Over time, the amount of one-time repayment is getting higher and higher. Last month, after the credit card bill could not be paid off in one lump sum on the repayment date of a certain month, you can only choose credit card installment repayment. Like banks applying for bill installment, this is the most common installment. So, what are the benefits of credit card installment?

Benefits of credit card installment repayment:

1 Get the existing help for credit cards: There is an installment fee for bill installment, and banks will certainly expect cardholders to handle installment affairs frequently. The underlying rule is that after the cardholder handles the bill by stages and asks the bank for cash withdrawal by credit card, the bank will be more willing to approve it and the success rate of cash withdrawal will be improved.

2. Relieve the repayment pressure: When a single bill is too high, the cardholder will have greater pressure to repay in full. Credit card installment can decompose large consumption into several months, which is equivalent to delaying consumption expenditure and helping to reduce the repayment pressure of borrowers.

3. Arrangements conducive to funds: credit card installment repayment can use the remaining funds to purchase goods in advance, reducing the pressure of purchase and payment; The phased and planned use can arrange reasonable procurement and gradually complete the procurement plan.

Summary: Handling credit card installment will also affect the later use of cards and loans. If you have been handling the installment and the transaction amount is not high, the bank will doubt your spending power and repayment ability. At this time, if you apply for a credit card or loan, it will have a certain impact.