The reason why the credit card cannot be installed in installments

The comprehensive score is insufficient, and the number of stages or time exceeds the limit. Some cardholders who are new to using credit cards may not be able to apply for installment due to insufficient overall score. In the subsequent process of using the card, the bank will comprehensively consider your card amount, frequency, and repayment status before deciding whether to provide you with the installment function. Some users with poor credit card swiping habits will also encounter this situation, such as frequent empty cards, abnormal credit card swiping times, abnormal card swiping times, etc. If the bank suspects cash withdrawals, they may also lose the installment authority.

The number of stages or time exceeds the limit. The number of credit card installments is limited. Generally, you can apply for bill installment within one billing day, and you cannot make another installment after the installment. In addition, there is a time limit for applying for installment payment. If you exceed the time limit, you will not be able to apply. The current month's bill installment can only be applied for in the current month. Cardholders can apply for bill installment business from the day after the current bill date to the last repayment date. After this time period, the current month's bill will not be paid in installments.

1. The reason why credit card cannot be installment is that part of the credit card cannot be amortized upon maturity. Credit card installment payments are usually limited to the amount of credit card purchases. Unpaid portions such as the minimum repayment amount, cash withdrawal amount, and temporary consumption limit cannot be applied for installment. The main reason why credit cards cannot settle accounts or pay cash in installments is that the bank's risk control limits the installment payment function due to the cardholder's own risk. Second, the number and amount of installments exceed the bank's limit or do not comply with the bank's installment regulations.

2. Due to the high overall debt of the cardholder, the use of the credit card installment function is limited. The overall debt of cardholders is too high. If the debt ratio exceeds 70% for more than three consecutive months, it is easy to be identified as a high-risk customer by the issuer. Generally speaking, the higher the debt, the weaker the corresponding repayment ability, and the greater the probability of overdue debt. In order to avoid risks, banks usually implement risk control on high-risk customers, thereby limiting the use of some credit card functions or even reducing the credit card limit.

3. Because cardholders have too many installments, the use of the credit card installment function is restricted. Although banks encourage cardholders to pay in installments, the installment repayment amount of cardholders' credit cards is too large, and most of them The installment is outstanding. Instead, banks worry about the cardholder’s ability to repay. In particular, long-term installments or long-term minimum repayments over multiple billing cycles are a bad sign of the cardholder's financial status. Banks will never provide timely help to customers who are short of money. Banks will consider such customers too risky and may be overdue at any time. In order to avoid risks, banks usually strengthen risk control, from restricting cardholders' installment payment functions and withdrawal functions to reducing the amount.

4. The cardholder’s serious use of the card in violation of regulations has limited the use of the credit card installment function. Serious credit card violations generally refer to overdue credit card payments or obvious cash outs. Late payment beyond the credit card tolerance period is the most annoying behavior for banks. Occasionally one or two short-term overdue behaviors will not have any impact on the use of the credit card. If overdue behavior occurs frequently, the cardholder will become a person who lacks the spirit of contract in the eyes of the bank, and the risk level of the cardholder will increase. It is excusable for the bill installment application to be rejected. In addition, each bank is now Strictly control illegal cash out. Many cardholders are locked in dark rooms, or the use of credit card functions is restricted, or even reduced or closed. Much of this was due to cashing out. Therefore, the use of bank cards should be avoided as much as possible. Even if there is no penalty, the increase in the amount is quite detrimental.

What’s the matter with credit cards that don’t provide installment payment?

Instalment mainly charges handling fees. The handling fees of each bank are different. You need to know the handling rate to calculate it. Take China Construction Bank as an example. : If divided into 12 installments, the rate is 0.6% per installment:

The principal of each installment = 30,000/12 = 2,500 yuan.

The handling fee for each period = 300000.6% = 180 yuan,

The total *** handling fee for 12 periods = 18012 = 2160 yuan,

Each installment should be Repayment amount = 2500180 = 2680 yuan

Handling fee = installment principal and handling rate for each installment.

After the cardholder successfully handles a single installment, the corresponding credit card limit will be occupied, and the occupied limit will be restored phase by phase with the repayment of each installment until the last installment or all installment balances are paid off in advance.

For a single installment amount that has been successfully processed, the cardholder cannot apply for another installment and choose the lowest repayment method for repayment.

If the cardholder fails to repay the remaining balance of the current period's bill on time after the application is successful, or the amount that should be amortized in any installment during the installment period is not fully repaid, it will be regarded as incomplete repayment, and interest or late payment fees will accrue.

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1. Is it risk control if the credit card does not provide installment payment?

There is indeed the possibility of being risk-controlled by the bank if the credit card does not provide installment payment, but it is not necessarily the case. It may just be because the customer has not met the installment requirements, such as:

1. The customer is not present Apply for installment within the specified time: For example, if a customer applies for bill installment, he or she needs to apply after the payment is made and before the repayment date. When the repayment date is reached, there is generally no way to apply again; If it is consumption installment, you usually need to apply for it after the consumption is recorded and before the billing date. The billing installment is applied after the billing date.

2. The applied installment amount does not meet the requirements of the card-issuing bank: Banks have requirements for the installment amount of credit cards. Many stipulate that the minimum installment amount cannot be less than 500 yuan, so if the customer’s consumption is less than If it is 500 yuan, then this consumption cannot be applied for installment. Also, China Construction Bank stipulates that the bill installment amount shall not exceed 90% of the total consumption amount in the issued bill, so if the customer wants to installment the entire card bill amount, it cannot be processed.

2. The best solution to credit card risk control:

Users should proactively contact the card-issuing bank to inquire about the reasons for credit card risk control; then solve the problem under the guidance of customer service; After the problem is resolved, the user can apply to restore the card to its normal status; after receiving the application, the card-issuing bank will re-examine the card. When the card meets the conditions for releasing the risk control, the card will be released from the risk control status. Therefore, after a credit card is subject to risk control, users should proactively contact the bank instead of waiting for the bank to automatically lift the risk control.

What are the reasons for credit card installment failure?

There are often cardholders who like to make large purchases and think that although they cannot repay in full, they can relieve the pressure in installments. As a result, when I went to apply for installment, I was poured cold water on me. The bank would rather not earn handling fees than allow installment. So what are the reasons for credit card installment failure?

1. Overdue and other bad records: Many people apply for installments on their own initiative, which is different from banks inviting installments. The bank will comprehensively evaluate the cardholder’s credit status, card usage, and credit status. Record and other methods, and then decide whether to provide installment services for it. Under normal circumstances, people who want to apply for installments may not have enough repayment ability. If the repayment is overdue, the bank may refuse the installment due to the safety of funds.

2. Exceeding the number of installments: There is no limit on the number of installments, and they are usually carried out simultaneously with payment. But bill installment is different. You can only apply for it once a month. Some banks also require that the interval between two installments is at least one month. For example, if you apply for an installment on the 25th of this month, you will have to wait at least the 25th for another installment. .

3. The installment time is wrong: Generally, the time to apply for bill installment is from the day after the current bill date to the final repayment date. Application for installment after this time period will not be approved.

4. The installment amount does not meet the requirements: The bank also has regulations on the amount of bill installment application. Generally, it will set a minimum installment amount and a maximum amount. If the installment amount applied for does not meet the requirements, it will also be If the installment fails, you need to know the bank's installment amount limit in advance.

5. Wrong transaction type: The bill installment is only for the new consumption amount in the current period, such as the unpaid amount last month, or temporary limit, cash withdrawal amount, as well as credit card annual fees, interest, and handling fees etc. It cannot be paid in installments and must be paid off in one lump sum.

6. There are illegal card usage behaviors: some people often max out their credit cards at once, often swipe their cards at fixed POS machines, often swipe their cards during abnormal business hours, etc. These are bad card swiping habits, which can easily be controlled by the bank, and the application for bill installment can easily be rejected.

In short, try to understand the bank's rules when applying for credit card installments, so as not to spend your money and be annoyed if you can't make installments.

Why can’t credit cards be paid in installments?

There is only one solution, which is to standardize the use of cards and increase real consumption. In addition to swiping cards in daily life, you can also occasionally go to high-end places for consumption. Fortunately, being a bank's special merchant not only gives you points, but also makes it easy for the bank to recognize your spending power. Even if you make large purchases in the future, you may not be subject to risk control.

Whether a credit card can be repaid in installments is something that has been agreed in advance when applying for a credit card or loan. In the absence of an agreement, the bank has the right not to allow installment payment. At this time, we can only find a solution through negotiation with the bank. First of all, prepare your materials, documents proving your liabilities and income, and give them to the bank, usually a credit report, and income certificate issued by the company or unit, etc., to prove that you have a stable ability to repay. Secondly, what kind of repayment plan do you give the bank? For example, if you want to pay in 12 installments, 24 installments, 30 installments, 48 ??installments, or 60 installments at the longest, how much will you pay in each installment? It must be specific to the detailed figures. This plan must be reasonable, acceptable to you and acceptable to the bank. If you owe 40,000 yuan, it is divided into 20 interest-free installments and the monthly repayment is 2,000 yuan. This is reasonable.

The following situations will cause the credit card installment comprehensive score to be insufficient and the installment cannot be carried out normally:

1. Some banks have certain requirements for the card usage time and amount;

When the cardholder has not applied for a credit card for a long time and the card limit is relatively low, if he applies for installment repayment, it will prompt that the comprehensive score is insufficient;

Cardholders can use more credit cards For consumption, the bank will decide whether to let you apply for installment based on the cardholder's card usage.

2. Bad card usage behaviors such as overdue credit cards and cash out will also affect the overall score, so banks will not allow such cardholders to apply for credit card installments;

Card holders If people can use credit cards reasonably and maintain good card usage habits, it will be easier to apply for installments.

3. Frequent minimum repayments are also one of the reasons for insufficient comprehensive scores;

The bank will think that the cardholder's repayment ability is insufficient, and the financial risk that the bank needs to bear is relatively large. Large, in this case, it is more difficult to apply for installment.

What to do if your credit card installment cannot be done? You need to understand these major reasons

Generally, the threshold for bank credit card installment business is relatively low, and the review is relatively fast. People need cash or When you encounter financial difficulties, you will always think of installment business, whether it is cash installment or bill installment. What should you do if you cannot make installment?

Let’s take a look at why credit card installments cannot be applied for. What are the reasons?

1. Poor personal credit record

Although the threshold for applying for credit card installment business is relatively low, banks will also reject it if the cardholder’s consumption and repayment status are not good. For example, if you have a credit card consumption situation, the bank may suspect that you are cashing out through data monitoring; if your repayment record is not good, you have been overdue multiple times or you have not paid overdue. It’s normal to be unable to apply for credit card installments.

2. The purpose of cash installment funds is incorrect

Generally, when applying for cash installment from a bank, you will need to know the purpose applied for by the cardholder. The bank has clear regulations that the funds applied for cash installments cannot be used for investment (including but not limited to house purchase, stocks, futures and other equity investments), and can only be used for consumption (including but not limited to decoration, home appliances, weddings, car purchases, Student aid, tourism, medical care, etc.).

3. The cash installment amount exceeds the available limit

There is another situation where cash installment cannot be applied for, that is, your credit card limit has been overdrawn, or the credit card available limit is less than your cash installment limit. The amount cannot be paid in installments. For example, if your credit card limit is 10,000 yuan and you have overdrafted 8,000 yuan, if you apply for another 3,000 yuan cash installment, you can only apply after you have paid off the balance and restored your credit limit.

4. The bill installment amount is not enough

Through the above analysis of the reasons why credit card installments cannot be made, I believe everyone knows what to do if credit card installments cannot be made. In addition, cardholders can call the bank's customer service hotline for consultation and seek solutions. If you can't pay for the credit card installment, you can

Lands are rich in products, with low application thresholds, fast approval, and low interest rates.

Why credit cards cannot be repaid in installments

The reasons are as follows:

1. The credit card installment amount has a minimum amount limit (such as 5,000). If the installment amount (such as 4000) is less than this amount (5000), then installments cannot be made.

2. Annual fees, recurring interest, installment principal, liquidated damages, overdue amounts, transfer transactions, gold sales, etc. cannot be installmentd. When you find that your credit card cannot be installmentd, check whether these amounts are included.

3. The consumption limit cannot be greater than the credit limit, otherwise the installment cannot be applied.

4. Consult the merchants. Some merchants do not support installment payment, just like some Taobao merchants do not support Huabei payment.

1. Why use a credit card?

1. Just in case, emergency needs

The money in the debit card is what you want to save Yes, once something unexpected happens and catches you off guard, such as falling ill and not having enough money for medicine or even surgery, then a credit card can come in handy.

You don’t need to owe favors. You can swipe your card for urgent use and use the interest-free period to repay. When the time comes, your salary will be paid, or your financial management will increase your money? You have one more choice at critical moments.

2. Accumulate credit in the bank

How can people not borrow money when they are floating in the world? The bank has the lowest cost of borrowing money, which will be based on the cardholder's repayment ability. and willingness to repay, granting a certain credit limit, the importance of personal credit is still very important.

Having a good credit card usage record can better prove personal credit. The better the credit, the higher the success rate of applying for a card loan.

In addition, when using credit cards, you must avoid bad records such as overdue payments and debt arrears, otherwise it will affect your life and business in the future.

3. Satisfy daily consumption

“Spend tomorrow’s money to fulfill today’s dream.” When I see a bag that has not been discounted for a long time suddenly being promoted, but I don’t have much money, Your salary won’t be paid until next month, and now you only have one credit card left!

4. Points redemption and various discounts

In the era of Internet payment, don’t say you are still paying by merchant Eat and watch movies at prices that are marked! Credit card points can be exchanged for small gifts online. Airline miles saved can be exchanged for air tickets. Points can be exchanged for star hotel stays, Starbucks, movie tickets, etc. They can be used as cash and can be exchanged for cash on the platform! In addition, various banks offer endless credit card benefits and discounts, such as restaurant merchant vouchers, 9 yuan movie tickets, free airport transfers, VIP lounges, etc., but debit cards are not discounted at all!

5 .Convenient to check accounts and understand your own consumption

Usual accounting is a tedious task. The monthly credit card bill is basically equivalent to the consumption record. You can also bind payment apps such as Alipay to clearly understand your expenses. Facilitates financial planning.

Let’s stop here for an introduction to why credit cards cannot be paid in installments.