Instalment applications also need to be reviewed and are not necessarily approved. The reasons for rejection of installments are as follows:

1. The credit card exceeds the number of installments

Many people may not apply for installments. Know that there are limits on the number of credit card bill installments. Different banks have different limits on the number of credit card bill installments. Some banks can only apply for one installment per statement day, such as China Construction Bank, and some banks can only apply for one installment within three months. Apply for one-time bill installment, such as Ping An Bank.

2. The credit card has an overdue record

Banks attach great importance to the credit card holders. If your credit card has an overdue record, your application for bill installment is likely to be rejected.

3. The amount applied for bill installment is greater than the available limit

If the available limit of your credit card is only 5,000 yuan, and the amount you apply for bill installment is 6,000 yuan, apply for bill installment The amount is greater than the available limit of the credit card. In this case, the application for bill installment will generally be rejected.

4. Suspicion of cashing out

Frequently max out the credit card at one time, often swipe the card at fixed POS machines, often swipe the card during abnormal business hours, etc. These are all bad card swiping habits, and it is easy for the bank to suspect cashing out. Once the bank feels that the cardholder is suspected of cashing out, the application for bill installment will be easily rejected.

5. The period for applying for bill installment has exceeded

The current month's bill can only apply for bill installment in the current month. Cardholders can apply from the day after the current bill date to the last repayment date. For bill installment business, after this time period, the current month's bill cannot be in installments.

6. The cash withdrawal amount and temporary limit cannot be paid in installments

If the amount of your credit card bill is mainly the cash withdrawal amount or the temporary limit is used, then the application for bill installment will be rejected. Because the cash withdrawal amount and temporary limit cannot be used for bill installment.

Extended information:

Situations in which credit card installments can be canceled

1. If the installment repayment is not carried out or within the cancellation time specified by the bank, you can cancel it directly. Cancel the installment by calling customer service or operating online.

It should be noted that not all banks can cancel the installment payment without executing the installment payment. For example, China Merchants Bank, as confirmed by the China Merchants Bank Credit Card Center: CMB credit card bill installment application cannot be canceled after successful application. of.

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 refunded.

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 cardholder's unamortized installment principal and handling fees will all be included in the cardholder's bill for the current period at the end of the application date for early repayment, and will be fully included in the minimum repayment amount. Subsequent billing dates will no longer be apportioned on a regular basis.

If you apply for installment payment with an online credit card and pay all the installment fees in the first installment, the fees will not be refunded even if you cancel the installment now.

Reference: Baidu Encyclopedia-China Merchants Bank Credit Card