ICBC's consumption installment and bill installment can be cancelled through the original processing channels (except SMS) on the installment day, but once the cash installment is applied, it cannot be cancelled.
According to the relevant provisions on "installment payment" in the Articles of Association of Peony Credit Card of Industrial and Commercial Bank of China, when a cardholder uses a credit card to purchase goods or services, he shall return the due amount to the card issuer according to the repayment plan agreed with the card issuer within the number of installment payment periods provided by the card issuer until the full price of the goods or services is paid off.
Extended data card holders can use passwords (including dynamic passwords, the same below) to conduct transactions. All transactions that do not use passwords due to the nature and habits of transactions, or according to the regulations of bank card organizations and card issuers, or according to the choice of cardholders, including but not limited to credit card consumption without password verification, offline consumption of electronic cash, and transactions conducted by mail, telephone, mobile devices, SMS, fax, Internet, etc. , should be based on the cardholder's signature, magnetic stripe or chip information, dynamic verification code, card number, expiration date, security code and other card information, ID number and telephone number.
After the password or verification elements pass the verification, the transaction (including pre-authorized transaction) is regarded as the cardholder's own doing, and the transaction money is borne by the cardholder. One or all of the transaction vouchers based on the information records generated by the cardholder's signature and/or other verification elements and passwords belong to the valid vouchers of the transaction.
Cardholders must use Peony Credit Card in a secure Internet/communication environment and a business entity acceptance environment. For the transaction risks and losses caused by reasons other than the card issuer, the cardholder shall bear relevant responsibilities. Cardholders should take reasonable and prudent measures to properly keep peony credit cards, passwords and verification elements to prevent information from being lost or leaked, and may not rent, sell or lend peony credit cards. The cardholder shall bear the consequences or losses caused by improper storage or use of Peony Credit Card, password and verification elements, and renting, selling or lending Peony Credit Card.
China Industrial and Commercial Bank China Website-Payment by Installment for Credit Card Cancellation