As we all know, ordinary credit card consumption part does not enjoy interest-free treatment. Interest on each transaction will be calculated from the billing date until the settlement date of the account. For the part that is repaid with the minimum repayment amount or not fully repaid, a handling fee is also required. Then, can the credit card be repaid at the minimum after installment?

Can I pay the minimum amount after credit card installment?

Under normal circumstances, after credit card installment payment, you can no longer repay according to the minimum monthly repayment amount. After the installment, the repayment must be made according to the fixed amount divided into several installments, and the monthly installment payment is the same. Therefore, we should be careful before handling the installment, whether it is cost-effective to pay by installment or the minimum repayment amount.

Can I pay off my credit card in advance after installment?

Credit card installment can be paid off in advance. After handling the installment business, the cardholder can repay in advance if he has enough spare money on hand. It is worth noting that if the cardholder pays off the installment arrears in advance, the installment fee will still be paid, including the installment part and the non-installment part.

Once the installment is divided, there is no need to return it in advance and the handling fee is irrevocable. And what I want to say is that no matter whether it is credit card installment or minimum repayment amount, there is a handling fee or interest.