Can credit card installment be canceled?

There are two situations for canceling credit card installment:

1. If the installment is not implemented or the bank stipulates Within the cancellation period, you can directly call customer service or cancel the installment online.

What cardholders need to note is: not all banks can cancel installment payments without executing installments. For example, China Merchants Bank, as confirmed by the China Merchants Bank Credit Card Center: CMB credit card bill installment applications are not allowed after successful application. Canceled. After the cardholder successfully applies for bill installment, the handling fee for the bill installment will appear in the current bill after the application is successful, and the cardholder cannot apply to cancel the bill installment.

If you want to cancel the installment payment with China Merchants Bank, you can return the bill installment amount in advance. However, even if you return the bill installment amount in advance, the bill installment fee already collected will not be returned.

2. If the installment has already started, it cannot be canceled. You can choose to repay it in advance, but repaying it in advance will not save the handling fee.

Cardholders can call the credit card customer service to apply for early repayment of installments after the current installment bill date, and no additional early repayment fees will be charged. The unamortized principal and handling fees of the cardholder's installment payment will all be included in the cardholder's current bill at the end of the early repayment application date, and will be fully included in the minimum repayment amount. They will no longer be charged on subsequent billing dates. apportionment.

If you pay all the installment fees in the first installment of your credit card installment, the fees will not be refunded even if you cancel the installment now.

CreditCard is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. The form of a credit card is a card with the name of the card-issuing bank, validity period, number, cardholder name, etc. printed on the front. Consumers holding credit cards can go to a special commercial service department to shop or consume, and then the bank will work with the merchant and the cardholder to The cardholder can make an overdraft within the prescribed limit.

China’s credit card market is still one of the fastest-growing product lines in China’s personal financial services market. Although the economic benefits of the industry are full of challenges, driven by economies of scale and growth in consumer spending, China’s credit card market will continue to grow in the next 10 years. The average annual growth rate of credit card issuance will remain at around 14, and profitability will also tend to improve. Qianzhan.com predicts that by 2020, the cumulative number of credit cards issued in China will exceed 800 million.

How to cancel installment payment with CCB credit card?

Early termination or cancellation of CCB credit card bill/consumption/cash installment:

Cancellation: You can call before 19:00 (exclusive) on the day you successfully handle the bill installment/consumption installment Customer service and complaint hotline 95533 applies for cancellation; it cannot be canceled after 19:00 (inclusive) on the day of successful application, and you can only apply for early termination.

After successfully applying for cash installment, it cannot be canceled.

Early termination: You can log in to the latest version of mobile banking, enter "instalment query" in the search box above, click on the entrance, select the installment type, select, click "..." to view the installment details and current status Early termination can only be processed when "the transaction has been recorded".

Warm reminder:

1. If the current status is not "Transaction has been recorded", you can call the customer service hotline 95533, press the # key, and then select "3 Credit Card Services". Transfer to manual service consultation.

2. If you need to terminate the Dragon Card pay-as-you-go loan or special installment (such as car purchase installment, decoration installment, installment pass, etc.) in advance, you can call the customer service hotline 95533, press the # key, and then select "3 Credit Card Services" ”, transfer to manual service consultation, or go to a CCB branch to handle it.

How to cancel credit card installment payment

1. If the installment payment has not been carried out after applying for installment payment, or within the cancellation time specified by the bank, the cardholder can You can directly call the customer service number of the card-issuing bank to cancel, or you can cancel the installment repayment yourself through online banking. But not all banks can apply for revocation without performing installment repayment.

2. If the installment repayment has already started, in this case, it usually cannot be canceled. The installment can only be ended by repaying in advance, but even if the installment amount is paid off in advance, , the handling fee incurred after the installment will not be refunded.

Credit card:

A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”

How to cancel the installment payment on a credit card?

There are two situations when you cancel the installment payment on a credit card:

1. If the installment payment is not carried out or the bank stipulates Within the cancellation period, you can directly call customer service or cancel the installment online. (Shizuka said card A)

2. If the installment has already started, it cannot be canceled. You can choose to repay it in advance, but repaying it in advance will not save the handling fee. Specific operations:

Cardholders can call the credit card customer service to apply for early repayment of installments after the current installment bill date, and no additional early repayment fees will be charged. The unamortized principal and handling fees of the cardholder's installment payment will all be included in the cardholder's current bill at the end of the early repayment application date, and will be fully included in the minimum repayment amount. They will no longer be charged on subsequent billing dates. apportionment.

Note: If you pay all the installment fees in the first installment of your credit card installment, the fees will not be refunded even if you cancel the installment now.

This is the end of the introduction on how to cancel the installment of a credit card and how to cancel the installment of a Huaxia Credit Card. I wonder if you found the information you need?