What are the methods of credit card installment:

1. Bill installment

Bill installment means that the cardholder cannot repay the debt in one go and applies to the bank to transfer the consumption in the current period. The amount is returned to the bank in installments at certain intervals, and the bank charges a certain proportion of the installment fee.

This is the most commonly used method of credit card installment, which can help cardholders relieve the pressure of repayment in the current period. However, only the current consumption amount can be installmentd. Cash withdrawals, various interests, and fees are supplementary installments. of. No interest will be charged for installment, but handling fees will be incurred.

Moderate bill installments can also contribute to the bank and help increase credit card limits.

2. Consumption installment

Consumption installment means that after the cardholder swipes the card for consumption, when the consumption amount reaches the bank's conditions for applying for installment, if he cannot pay it off in one go, he can apply for installment payment. The bank applies to divide the consumption amount into multiple repayments.

The consumption installment of credit card is similar to the installment payment in Alipay Huabei or JD Baitiao. Perhaps many people are more accustomed to using the latter two and do not know that credit cards have similar functions.

3. Cash installment

Cash installment is when the cardholder applies to convert the credit limit in his credit card into cash and transfers it to the debit card account designated by the cardholder. The cardholder must return the card in a timely manner according to the installment terms agreed upon by both parties.

This kind of installment is used when the cardholder needs cash urgently. Since the function is similar to that of credit card cash withdrawal, but the application process is relatively complicated, more people will choose the latter.

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