Therefore, the credit card installment business is not installment payment, but after one-time payment, the cardholder will repay it in installments.
The main benefits of credit card installment payment:
1, enjoy first, then pay.
2, no guarantor, simple procedures.
3. Fixed time and easy payment.
4. Payment is optional, and monthly repayment amount is optional.
5. More space to choose payment methods.
Extended data:
Installment payment is generally divided into POS installment, "mail order installment" and bill installment through the Internet and mail.
1, shopping mall by stages
Also known as POS staging, it means that cardholders go to shopping places and shop in "shopping malls" that can be staged. When you check out, you need to pay by installment with a credit card that supports installment in this mall. Then the cashier will swipe the card on the special POS machine according to the number of periods required by the cardholder (such as 3 periods, 6 periods, 12 periods, etc.). There are also a few shopping malls that support the 24 th issue). When staging in the mall, it is necessary to verify the identity of the cardholder.
Shopping malls are generally free in three stages. The rates for Stage 6 and Stage 12 vary from bank to bank. As long as the goods are sold normally in shopping malls, they can generally be paid by installments. In many cases, cardholders can also bundle multiple items together to settle accounts, and then pay in installments.
2. Mail order installment payment
It means that the cardholder receives the installment mail order catalog manual sent by the issuing bank (or the online installment mall of the bank) and chooses from the limited commodities. Then the bank orders in installments through online installment mall, telephone or fax installment application form, etc.
Generally, there is no handling fee for mail order installment regardless of the number of installments. However, due to the long ordering cycle (in many cases, it takes more than 15 working days to get the goods) and the relatively cumbersome return, it is necessary to compare more before buying.
3. Bill installment payment
This is the most convenient staging method, which can be basically supported by all issuers, and the application is simple. Users only need to apply to the issuing bank for installment by phone after spending their credit cards and before sending monthly bills.
However, the bank will stipulate some special circumstances, such as speculative credit cards can not be successfully phased. Therefore, before staging, you need to read the staging manual carefully.
The disadvantage of bill installment is that it can't exempt the handling fee. The longer the number of installments, the higher the handling fee, and the cardholder must bear it himself.
Baidu encyclopedia-credit card installment payment