The remaining principal of each installment and installment fees will be settled in one lump sum in the next bill.

China merchants bank [1.8% capital research report] will refund the handling fee. Banks such as CCB, Bank of Communications, Uplink, CITIC, Minsheng, Guangfa, and Shenzhen Development all pay the handling fees in installments, while ICBC, Bank of China, and Industrial Bank [-.11% capital research report] pay the credit card handling fees at one time.

Refunds can only be accepted if there are relevant consumer return records in the banking system or customers can provide relevant return vouchers. Most banks can't determine the time when the refunds will arrive, so it is necessary for the cardholder to contact the merchant and ask the merchant to return the refunds to the bank in time, and then the bank will transfer the refunds to the cardholder's credit card.

Extended information

Generally, the application for bill installment can be accepted by calling the customer service center or telephone bank of the issuing bank. ICBC cardholders can apply for installment payment at ICBC outlets, ICBC online banking, telephone banking and mobile banking, and China Merchants Bank can apply for it at the bank's online banking.

CCB officials reminded cardholders that although various banks have introduced bill installment payment, it does not mean that every cardholder can pay by credit card.

generally, banks should evaluate the credit status of cardholders according to their credit limit and credit records of card consumption. Only after the assessment is passed can the cardholder make the installment payment smoothly;

if the evaluation result is not satisfactory, the bank may reject the cardholder's application for installment payment, or fail to give the cardholder the desired installment payment amount. Cardholders can fully consider their own financial situation and apply for installment by telephone.