Get existing help for credit cards: there is an installment fee for bill installment, and banks will certainly expect cardholders to handle installment affairs frequently. The underlying rule is that after the cardholder handles the bill by stages and asks the bank for cash withdrawal by credit card, the bank will be more willing to approve it and the success rate of cash withdrawal will be improved.

Relieve the repayment pressure: In the case that the single-period bill is too high, the cardholder will have greater pressure to repay in full. If the bill can be divided into several months by stages, the cardholder's repayment pressure will be less.

Disadvantages of credit card bill installment:

Simplicity leads to over-consumption: the repayment method of "consumption 120, and monthly repayment only 10" simply gives cardholders the illusion that spending money casually and repayment is easy, so simplicity leads to over-consumption and high bills.

Handling fee for staging: Take China Merchants Bank's staging 12 as an example, and the current handling fee is 0.66%. Then, in the case of 5,000 yuan installment bill, the monthly installment fee will be borne by 33 yuan, and the installment fee of 12 is 396 yuan.

Extended data:

From the form of installment payment, there is a limit on the initial amount of a single transaction for cardholders to handle this business, and the level of installment repayment and the standard of handling fee are also different; It can be roughly divided into three categories:

The first category is the cooperation between banks and special merchants, but the product types are limited;

The second category is the product catalogue provided by the bank, which is purchased by the cardholder, and then the bank entrusts the supplier to deliver the goods to the customer;

The third category is not limited to merchants and commodities. Cardholders can apply for installment repayment from banks after shopping, and some banks even set the acceptance scope to the whole world.

Baidu encyclopedia-credit card installment payment