After handling the bill installment, if you apply for installment repayment, the principal and handling fee of each installment shall be credited to the cardholder's credit card RMB account. When a cardholder uses a credit card to make a large amount of consumption, the bank will pay the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and then the cardholder will repay the money to the bank in installments and pay the handling fee.

According to the cardholder's application, the bank deducts the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder repays according to the monthly recorded amount.

According to the form of installment payment, the cardholder has some restrictions on the initial amount of a single transaction, 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