After the credit card successfully applies for bill installment payment, there is no need to repay the current bill, that is, the cardholder only needs to repay it before the next due repayment date. However, there are exceptions: for example, if the bill amount is 12000 yuan, but the applied bill installment amount is 10000 yuan, then the current bill still needs to be refunded 2000 yuan.
Matters needing attention in applying for installment payment of China Merchants Credit Card:
1. For unbilled transactions: you can apply for installment payment between the transaction date of 19:30 and the billing date of the bill corresponding to the transaction.
2. For the bill that has been issued, you can apply for installment from the day after the bill date to the due repayment date (for customers with automatic repayment in the account, the deadline for application is due repayment date 17:00).
Three, RMB installment bill, the minimum amount of each application is not less than 300 yuan RMB; For the installment payment of USD bills, the minimum application amount shall not be less than USD 65,438+000 each time. From the trading day to the due repayment date, you can freely choose the installment transaction under RMB or USD account.
For unbilled transactions: you can apply for installment payment between the transaction date of 19:30 and the billing date of the bill corresponding to the transaction. For bills that have been issued, you can apply for installment from the day after the billing date to the due repayment date (for customers with automatic repayment in the account, the deadline for application is due repayment date 17:00).
Extended data:
After the bill installment application is successful, the current bill only needs to repay the amount other than the bill installment. The amount of principal payable in the first installment (principal payable in each installment = total installment principal ÷ number of installments) and the handling fee are reflected in next month's bill. The bill installment transaction will fully offset the bill amount, and 10% will offset the balance of the minimum repayment amount. (The business card has no installment business)?
1, credit card installment repayment is the same as usual repayment, from billing date to repayment date. The principal and handling fee payable in each installment will be shown on the bill, so please repay according to the bill.
2. Handling fee per installment = total installment amount × handling fee rate per installment. The total installment principal is amortized monthly, and the balance is included in the last installment. At the same time, the installment amount and the handling fee of each period are recorded.
References:
Credit card installment repayment-Baidu Encyclopedia