How to repay the consumption reserve fund of Ping An Credit Card in installments

After the consumption reserve fund of Ping An Credit Card is used up, the monthly repayment amount will appear in the form of a bill in the current bill, and then Just pay it back in installments according to the credit card statement date.

Ping An Bank’s consumption-specific reserve fund is Ping An Bank’s installment business, and repayment is naturally carried out in installments. However, when repaying the loan, in addition to paying the principal, you also need to pay certain handling fees. For example, Ping An Bank's special reserve fund for consumption can be divided into 6, 12, 18 and 24 installments, so you can choose the number of installments and then repay according to the number of installments.

Notes on the special reserve fund for Ping An Bank credit card consumption:

1. The handling fee is collected in installments, and the handling fee for each installment is the handling fee rate for the installment amount applied for.

2. The reserve fund will occupy the available limit of the cardholder’s credit card account.

3. Application for early repayment must be approved by Ping An Bank, and the outstanding installment balance and handling fee must be paid in one go.

4. After the reserve fund arrives, no matter whether it is used or how much it is used, the normal handling fee will be charged according to the successful application amount.

5. The amount of principal repayable and handling fees recorded in each installment shall not be used in other installment business of the Bank.

How to install installments with Ping An Credit Card

Ping An Bank credit cards can be installed in installments through the following methods:

1. Dial Ping An Bank’s customer service hotline 95511 and use manual customer service. Come and apply for credit card installment business.

2. Bring your valid ID and credit card to any branch of Ping An Bank and handle the installment business at the counter.

3. Log in to the official website of Ping An Bank Credit Card, click Installment Management, select the type of installment you want to apply for, and click Install Now.

Operating environment:

Brand model: Lenovo yoga14s

System version: Windows 11 Professional Edition

App version: v98.0.4758.82

The installment payment method was developed after World War II. At the beginning, it was limited to the purchase of general daily commodities or services. Later, with the rapid development of productivity, the scale of industrial and agricultural production expanded day by day, and the required expenses increased. In addition, with the development of bank credit, the field of installment payment expanded to the purchase of large machinery, equipment and raw materials by enterprises.

With the improvement of China's financial services and changes in people's consumption habits, installment payment consumption, which is popular abroad, has been introduced into the country and has been quickly recognized by domestic consumers. Those who consume through installment payment are usually young people who currently have poor payment ability but have consumption needs. The products they consume are usually laptops, mobile phones, digital products, etc.

Instalment payment options are usually offered jointly by banks and installment payment providers. Banks provide consumers with personal consumption loans equivalent to the amount of goods purchased. Consumers use the loans to pay suppliers. At the same time, suppliers provide guarantees for consumers and assume irrevocable joint liability for debts. Young people who use installment payment methods are often called "installment people".

Instalment payment is actually a loan provided by the seller to the buyer. The seller is the creditor and the buyer is the debtor. The buyer can obtain the required goods or services after paying only a small part of the payment. However, because future installment payments include interest, the amount paid for the same goods or services by installment payment is higher than that of a one-time payment. The payment for goods is more.

On the one hand, the installment payment method allows the seller to complete promotional activities, and on the other hand, it also provides convenience to the buyer.

How to repay the installment of Ping An Credit Card?

After the installment of Ping An Credit Card is successful, the principal and handling fee of the installment will be debited to the credit card statement on time every month. You only need to follow the statement on Just pay before the final payment date. You can log in to Ping An Pocket Bank APP-Credit Card-More-Instalment Loans-Historical Installment Inquiry to view the installment details.

If you have any questions, you can click the link below and select the online customer service icon - credit card in the upper right corner of the homepage or follow the Ping An Bank Credit Card WeChat public account (paxyk95511) for consultation.

Response time: 2020-09-10. For the latest business changes, please refer to the official website of Ping An Bank.

[Ping An Car Owner Loan] You can get a loan if you own a car, up to 500,000

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Ping An Credit Card Installment Repayment Let’s stop talking about how to return it.