After the credit card is successfully divided into stages, it cannot be modified, and only prepayment can be selected. It should be noted that if the installment is settled in advance, it is generally necessary to repay the remaining unpaid principal and the remaining installment fee in one lump sum. The installment fee cannot be reduced, and the installment fee paid in the past is not refundable. Even some banks will charge a certain penalty for canceling the credit card installment business (specifically, according to the regulations of the issuing bank, you can call customer service).

How to repay in advance by credit card installment?

If the credit card needs to be repaid in advance by installments, the customer can call the hotline of the issuing bank, apply to the customer service staff through the manual service channel, and then refund the card, and the banking system will naturally initiate the deduction.

Of course, customers can also find the installment bill directly on the online banking/mobile banking client/credit card APP of the issuing bank, and then apply online to terminate the installment in advance.

If there is an offline business outlet of the issuing bank near your place of work and life, it is also possible for customers to bring their personal ID cards and credit cards to the outlet to find the counter staff to handle the prepayment procedures.

Is there a penalty for prepayment by credit card installment?

Whether the prepayment of credit card by installment will charge liquidated damages mainly depends on the regulations of the issuing bank. Different banks may have different rules.

For example, in China Construction Bank, if the customer applies to terminate or cancel the bill/consumption/cash installment in advance, the remaining unpaid principal will be included in the next bill in one lump sum, and the customer can repay the remaining principal and installment fee before the bill is due for repayment (the installment fee received will not be refunded). Another example is China Industrial and Commercial Bank. If the installment transaction with installment fee is repaid in advance, it is necessary to pay liquidated damages.

Will the available balance of prepayment after credit card installment increase?

After credit card installment payment, the available balance of prepayment will increase. Users can choose to return the current installment amount in advance, or they can choose to pay off all the remaining installment amounts at one time. After the repayment is received, the credit card available amount will be restored in real time, so that the user's credit card available balance can be improved.

If the credit card installment fee is charged at one time, the user will not refund the prepayment fee, so it is not necessarily cost-effective for the user to prepay.