Whether the user's credit card needs to be paid in installments mainly depends on the user's needs. If an installment payment is made this month, there is no need to pay in installments next month. Users generally choose to pay in installments when they do not have sufficient repayment ability, or when merchants offer interest-free installments, users can also choose to pay in installments.

Instalment payment can effectively reduce the repayment pressure, but because the repayment period is extended, there will also be a certain risk of overdue. Therefore, there are pros and cons to credit card installment payments.

The steps for installment are as follows:

Step 1. After logging into Mobile Life, click "Finance → Installment Repayment", fill in the amount and number of installments, and then click "Preview Order" to submit Apply;

Step 2. Log in to the public version or professional version, and click "Instalment Management" - "Bill Installment - Billed"/"Bill Installment - Not Billed" - "Instalment Application" on the credit card interface Operation;

Step 3. After logging into mobile banking, click "My → All → Credit Card → Installment" to enter the page. Enter the application page to see the optional number of installments and installment rates;

Step 4. Call the credit card customer service hotline, press * and directly state the business you need to handle to apply.

If there is a handling fee for bill installment repayment, China Merchants Credit Card provides cardholders with personalized options of 2, 3, 6, 10, 12, 18, 24 and 36 periods. For the selection of the period, the general single-period handling rate is 0%~1.67%, but the actual rate and number of periods are subject to the system evaluation results of the application order.

Note:

Early repayment by card in installments does not reduce the remaining installment fees, except for certain banks, but liquidated damages will be required.

So from the cardholder's point of view, there is no benefit to repaying the credit card in installments in advance. There is no fee for repaying the iron cock, so why rush to give away the money? It is better to repay the money in advance. Money is used as working capital.

In addition to emergencies, you can also use it for proper financial management, and maybe earn some interest. Anyway, as long as you make sure to pay back every period on time and not be overdue.

Take China Merchants Bank cash installment as an example:

Application conditions:

You must hold our bank’s personal credit card master card and maintain a good card usage record. If you only hold a commercial card, business card, purchasing card, ANA guaranteed card or supplementary card, you cannot apply for cash installment at the moment.

The above are the necessary conditions for applying for cash installment. Whether the final application for cash installment is approved shall be subject to the comprehensive evaluation result of the Bank’s Credit Card Center.

Telephone application:

1. Dial the 008205555 customer service hotline and press 9 after completing the identity verification to transfer to manual service;

2. Inform the customer service specialist of the application amount and installment The number of installments, debit card number and fund purpose;

3. Enter the query password and other verification factors to successfully handle the cash installment.