After a credit card installment is completed, it cannot be canceled. During the installment process, the user can cancel at any time as long as there is no confirmation. Once the installment has been successfully completed, the user can no longer cancel it. If they want to cancel the amount of the installment, they can only choose to pay off the credit card installment in advance. Paying off the credit card installment in advance may require a certain penalty.

There is no need to pay liquidated damages for early repayment, and users can cancel credit card installments without loss, but this requires users to have strong repayment ability.

The correct way to reduce credit card interest in installments

1. Negotiate repayment with the bank, sign a personalized installment repayment agreement, and stop accruing interest on the credit card. As a profit-making institution, banks cannot easily give in to the time of recovery of their debts. Only the continuous circulation of funds can generate profits. Once a credit card expires, it means that the funds are stagnant and have no way to continue to circulate and generate profits.

2. Usually banks will not easily agree to negotiate repayment. After all, the bank definitely hopes to recover the debt as soon as possible, and the installment period is as long as 5 years, and there is a lot of uncertainty. No one can guarantee that cardholders will be able to pay off their debts within the time limit after installment.

Maximum credit card installment period: Credit card installment can be divided into up to 3 years, that is, 36 installments.

The number of credit card installments of different banks is different. For example, the number of credit card installments of ICBC can be divided into 2, 3, 6, 10, 12, 18, 24, 36 issues.

Agricultural Bank of China’s credit card consumption installments and bill installments can be divided into up to 24 installments, while cash installments can only be divided into up to 12 installments; Bank of China’s longest installment can be divided into 24 installments, and the shortest is 3 installments; China Merchants Bank The longest installment can be divided into 24 installments, and the shortest is 3 installments.

Legal basis:

"Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" Article 70

Under special circumstances, it is confirmed that the amount owed by a credit card exceeds the amount of the credit card holder. If the card holder has the ability to repay and the card holder is still willing to repay, the card-issuing bank can negotiate with the card holder on an equal footing to reach a personalized installment repayment agreement. The maximum period of a personalized installment agreement shall not exceed 5 years.