If you buy a mobile phone in installments with a credit card, the full amount will be deducted at once. Because the merchant will only send the mobile phone to the user after receiving the full payment of the mobile phone. As for the installment, it is only the user's installment payment, not the installment payment when purchasing the goods. For example, if Mr. Li buys an iPhone worth 4,000 yuan in 6 installments, then in this case, the bank will directly deduct 4,000 yuan from the credit card limit to the merchant, and then the user will repay the money in 6 monthly installments. , until the repayment is completed.

If you buy a mobile phone in installments with a credit card, the full amount will be deducted at once

Nowadays, more and more people like to buy mobile phones in installments with a credit card. There are many ways, including purchasing in shopping malls and physical stores. Bank credit card mall, Apple official website, etc., no matter which channel is used for installment, the deduction and repayment are the same. After successfully applying for a credit card to buy a mobile phone by installment, the bank will freeze the total installment amount, and the installment amount will be recorded on each billing day, and the payment will be kept for as long as it lasts. The cardholder can repay according to the bill on the repayment date. The amount of each installment includes the principal and handling fee. The credit card limit will be restored with the repayment.