How to repay by installment with a credit card

When your capital repayment is under pressure, choosing a credit card to repay by installment can alleviate your capital pressure without affecting your personal credit information.

There are several common ways to choose credit card installment repayment, which can be selected according to your own needs:

1. Telephone application. At present, many customer service staff of the bank will call to ask whether it is necessary to apply for credit card installment before the repayment date, and they can choose 3 months, 6 months and 12 months according to their repayment ability. At the same time, you can also take the initiative to apply by phone or edit short messages to the credit card short message platform for application;

2. Log in to the bank official website to enter the credit card center, apply for credit card installment repayment business, and click on the amount to be applied for installment and the repayment period to confirm.

3. Pay attention to the credit card WeChat official account, enter the credit card installment in the query column, and the content of installment business will pop up, and you can also choose to handle it according to your own needs;

4. Go to the bank counter. If you are unclear, you can directly consult the bank counter staff for face-to-face communication.

Now credit card installment business is a routine service launched by banks. You can handle the business according to your actual needs.

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How to repay the credit card by installments

Credit card bill installment refers to the installment of unbilled transactions and billed transactions. The application qualification, installment amount, installment number and rate are subject to the comprehensive evaluation of the credit card center. [You can click here for the webpage link].

If it is a CMB credit card, you can choose the following channels to apply for bill installment:

Pocket Life: after logging in to Pocket Life, click Finance → installment repayment → bill installment, fill in the amount and number of installments, and then click "Preview Order" to submit the application.

online banking: log in to the popular version or the professional version, and click installment financing-bill installment-issued account/bill installment-unpaid account-installment application in the credit card interface.

mobile banking: after logging in to mobile banking, click My → All → Credit Card → Enter the operation page by stages. Enter the application page to see the number of optional periods and the installment rate.

credit card telephone channel: dial the credit card customer service hotline, press it and directly tell the business you need to handle to apply.

(Response time: March 4, 221, please refer to China Merchants Bank official website for the latest business changes)

How to repay the credit card after installment?

banks generally provide an interest-free repayment period of 2-5 days, and 2 days after the billing date is the due repayment date, so repayment should be made before the due repayment date.

Credit card repayment method:

1. Online bank transfer: log in to online bank and make transfer repayment through bank debit card, credit card, current all-in-one account or current savings account.

2. Mobile banking transfer: Open mobile banking, and easily complete the transfer and repayment anytime and anywhere.

3. Bank self-service terminal repayment: You can use self-service devices such as CDM or ATM to transfer money to your credit card for repayment; You can also use cash for self-service repayment through the deposit and withdrawal machine (CDM).

4. Counter repayment: Cash repayment is made at the counter of a bank outlet or transfer repayment is made to a credit card account through a debit card, a credit card, a current all-in-one account or a current savings account.

Extended information

Precautions for repayment by automatic transfer

First, if the credit card holder is bound with a savings card to repay the agreed account, before the due repayment date, ensure that the associated savings card is in normal condition and the amount is sufficient, and the agreed account will be repaid automatically when it expires.

second, when the associated savings account is repaid, it is generally repaid in full by default. If the cardholder intends to return the minimum repayment amount in each installment, he can inform the customer service at the time of binding and change the repayment mark.

thirdly, paying the minimum repayment amount on time will not affect the cardholder's current credit record, but interest will be charged on the whole bill.

reference source China Bank official website-China Bank Credit Card Repayment Guide

reference source China Bank official website-Explanation of common terms of credit card

How to repay the credit card in installments

If you want to pay the credit card in installments, you can choose to pay by installments, or you can choose to repay by installments after paying in full. When the user chooses to pay by installment, the number of installments will be set on the payment page, and the user only needs to swipe his card. As the payment has been made in full, the user can choose to pay the bill in installments, so that the repayment can be made in installments.

in fact, installment payment and installment repayment are essentially credit card installment, and the effect is that users can repay by installment, so users can choose any installment method.

credit cards can be divided into 36 installments at the longest, and most banks can divide them into 24 installments at the longest. After credit card installment, it is necessary to pay the installment fee. Although the monthly repayment pressure is reduced, the total repayment amount is increased. And often handle the installment business, which is also a manifestation of the poor economic situation of users. In fact, this is not conducive to repayment.

Some users think that banks can receive more fees for installment business and are more willing to increase the credit card limit. This understanding is wrong. Banks give credit cards to users with more reference to users' credit information, repayment ability and credit card usage.

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how to repay the credit card by installment

After the credit card is installment, it can be repaid automatically through mobile banking, third-party payment platform, ATM machine, bound bank card and over the counter.

1. Mobile banking. Now all major banks have their own mobile apps. After downloading, you can log in to your account and return your credit card.

2. Third-party payment platforms, such as Alipay and WeChat, all have credit card repayment function, which can be repaid after the bank card is bound;

3.ATM repayment, directly insert a credit card into the ATM, and then deposit money;

4. Associate the bank card with the credit card, and the system will automatically deduct the money from the bank card bound to you on the repayment date;

5. You can also repay money at the counter of bank outlets, and you need to bring your ID card and credit card.

1. What are the advantages and disadvantages of credit card installment repayment?

Advantages:

It mainly relieves the pressure of high single-period bills. When I owe 1 thousand, I only have 3 thousand in my hand for the time being, so I will pay it back in several installments, which will neither affect my credit nor relieve my pressure. And it is conducive to credit card withdrawal. Banks will charge installment fees, and they are happy to see users installment. In order to collect more, they will naturally withdraw the amount.

it's not very cost-effective to handle the installment if you have money to raise the amount. Although there are more free funds in hand for the time being, it will increase a certain burden.

Disadvantages:

There is a handling fee for installment repayment. Different banks have different rates, and the longer the number of installments, the more the handling fee will be. If you pay in installments for a long time, you will find that the handling fee is amazing. Moreover, this is not conducive to cultivating good consumption habits, and only a part is paid back every month, which may lead to more and more debts.

installment repayment can be paid in advance. Generally, users should take the initiative to apply with bank customer service, but this is not recommended, which has many disadvantages.

1. Why not recommend prepayment

The installment fee will be fixed after it is handled. I have done it in 12 installments, so the extra cost of these 12 installments must be paid. No matter how many remaining installments you want to repay in advance, this money cannot be reduced or exempted.

furthermore, many banks have relevant regulations that once you apply to customer service for prepayment, the remaining money should be paid off in one lump sum in the next bill. On the contrary, it has increased the economic burden, and it is better to repay the loan as agreed.

2. How to make rational use of installment repayment

The starting point of installment repayment is to share the cardholder's pressure for several installments when the user can't pay the bill temporarily. Therefore, staging is not blindly divided as long as possible. It is very important to choose the appropriate number of stages according to your actual income, so as not to pay the handling fee in vain.

after owing money, many people wander between the minimum repayment and installment repayment, saying that there are both more cost-effective ones. In fact, it all depends on the user's own situation, such as how much money is owed and how long it will take to pay it off.

1. If I only owe two or three thousand yuan and the funds will arrive in a few days, don't choose to repay by installments. The minimum repayment daily interest rate is .5 ‰, with compound interest on a monthly basis. Take the bill amount of 1 thousand as an example, and the interest is about 15 yuan a month. If it is divided into three phases, the interest rate will definitely not stop.

2. Pay off the debt in installments for a long time

In the case of long-term economic constraints, it is of course recommended to pay off the debt by installments. The minimum repayment is to calculate compound interest every month. If you don't pay it back one day, the interest will keep piling up. The interest generated by the minimum repayment for one year is several times the handling fee for 12 installments.

in a word, repayment by installments has its advantages and disadvantages. it is recommended to choose the appropriate number of installments when repayment is impossible, and it is not recommended to repay in advance.

that's enough for the introduction of how to repay the credit card by installment.