Generally speaking, credit card interest-free installment can be divided into two types, one is special installment, the other is credit card installment, and different installment types occupy different amounts. Any special installment amount, the principal and handling fee after processing will occupy the special installment amount, but it will not affect the credit card amount. What's your credit card limit, and what's it after handling the special installment limit?
Special credit line installment: it is also interest-free and free, and the handling fee rate is basically the same as the installment within the credit card line, but the credit card line range is different. After re-evaluation, general banks will grant a special credit line in addition to the credit card line, which can be a consumption installment line or a cash installment line.
Credit card quota installment is the installment within the credit card quota, which can also be divided into consumption installment and cash installment. After the installment is successful, the total installment amount and installment fee will occupy the quota at one time, and the previous installment will be returned, and the quota will be restored to the first installment.
1, interest-free installment is a common credit card installment business in domestic banks, that is, a single consumption amount or credit card bill is repaid in installments, and a handling fee is paid in each installment, without paying five ten thousandths of daily interest; Free installment payment is very rare, which is not the regular business of banks. Usually, it is a preferential activity launched by some banks or cooperative shopping malls. More often, it is nominally free, but the actual total amount will be greater than the commodity price.
2. Credit card installment, according to different types of goods or services, is generally divided into consumption installment, bill installment, merchant installment, automobile installment, cash installment, etc. Among them, in addition to car installment and cash installment, there will also be a "special quota", that is, an extra quota specially given to meet a certain demand (without occupying the credit line) according to the cardholder's identity certificate, asset certificate, work certificate and other information; The remaining installment amount is limited to the credit limit of the cardholder. Usually, after the installment transaction is successful, the available amount of the cardholder's account will be deducted in real time. The current billing cycle is the first installment, and the installment principal and handling fee should be included in the minimum repayment amount of the account in the current period. Merchant installment is the most likely credit card installment business with zero commission. Merchant installment should be used when the transaction amount of a specific merchant is greater than a certain amount, and the maximum amount shall not exceed the available amount of the account. If banks and partners carry out preferential activities, it is possible to realize zero commission installment. For example, ABC, Minsheng.