Can credit card installment be cancelled?

After applying for credit card installment, you can apply for cancellation before the system has been implemented or within the cancellation time specified by the bank. If repayment has started after credit card installment, the installment cannot be cancelled. However, the credit card can be repaid in advance after installment, which can save the expenses of handling fees, save the cost of repayment, and release the occupied credit line after prepayment.

using credit card to repay by installments must meet certain conditions, such as the minimum consumption amount, and the bank will provide users with the number of installments when handling the installment, and then choose according to their repayment ability. You can call the bank credit card service hotline directly when you apply for installment.

the daily credit card must be repaid on time after use, and there can be no overdue situation, because there will be penalty interest after overdue, and the longer the time, the more penalty interest will be, and the bank will collect it after overdue. If it is not returned for a long time, the bank may++the borrower, and must return it after being judged by++,otherwise it will be enforced.

The overdue repayment of credit cards will be uploaded to the Credit Information Center of the People's Bank of China by the bank, which will lead to the deterioration of personal credit information and affect the subsequent handling of various loans. In order to ensure that the credit card can be returned on time after use, users can think about what income they use in advance when using the credit card. If the income is not much, they should use it carefully at this time.

Can I cancel the installment?

Legal analysis: There are two ways to cancel the installment repayment of credit cards:

If the installment repayment is not implemented or within the cancellation time specified by the bank, you can directly call customer service or operate online to cancel the installment.

It should be noted that not all banks can cancel installment payment without implementing installment payment. For example, China Merchants Bank, as confirmed by China Merchants Bank Credit Card Center, cannot cancel after the installment application of China Merchants Bank's credit card bill is successful. After the cardholder successfully applies for bill installment, the handling fee for bill installment will appear in the current bill after the successful application, and the cardholder cannot apply for cancellation of bill installment.

If you want to cancel the installment payment of China Merchants Bank, you can return the amount of the bill installment in advance, but even if you return the amount of the bill installment in advance, the bill installment fee already collected will not be returned.

if the installment has been started, it cannot be cancelled, and you can choose to repay in advance, but prepayment cannot save the handling fee.

after applying for the installment billing date, the cardholder can call the credit card customer service to apply for prepayment by installment, and no extra prepayment fee will be charged. The undistributed principal and handling fee of the cardholder's installment payment are all included in the cardholder's current bill at the end of the application for early repayment, and are fully included in the minimum repayment amount, and will not be apportioned on schedule on the subsequent billing date.

if all the installment fees are paid in the first installment, even if the installment is cancelled now, the fees will not be refunded.

legal basis: notice of the people's bank of China on matters related to credit card business article 4 cash advance business of credit card includes cash withdrawal, cash transfer and cash recharge. Among them, cash withdrawal means that the cardholder obtains the funds within the credit card advance cash limit in the form of cash through self-service machines such as counters and ATMs; Cash transfer means that the cardholder transfers the funds within the cash limit advanced by the credit card to his bank settlement account; Cash recharge means that the cardholder transfers the funds within the cash limit of the credit card to the payment account opened by himself in a non-bank payment institution. The cardholder shall handle the cash withdrawal business through ATM and other self-service machines, and the daily accumulative amount of each card shall not exceed RMB 1,; The daily limit of each card for cardholders to handle cash withdrawal business through the counter and cash transfer business through various channels shall be agreed by the card issuer and the cardholder that the card issuer can independently determine whether to provide cash recharge service, and the daily limit of each card shall be agreed with the cardholder. The card issuer shall not transfer the funds within the cash advance limit of the cardholder's credit card to other credit cards or the bank settlement account or payment account of non-cardholders.

can I cancel the credit card bill installment if I don't want to use it?

many people use credit card bills in installments to reduce their burden when repaying their credit cards. But if you don't want to use the bill installment again, can you cancel it? Next, I will answer this question for everyone.

Generally speaking, credit card bill installment can't be cancelled after the application, but it still needs to be looked at according to the specific situation, but there are basically only two situations:

1. The application has not been processed

Generally speaking, there will still be a period of time after the cardholder submits the application for credit card bill installment to the bank. During this period, the bank will investigate the cardholder's use of the card, and the results obtained after the investigation will decide whether to pass the cardholder's application. During this period, the cardholder can call the bank's credit card customer service and ask to cancel the installment of the credit card bill.

2. The application has been processed

When the cardholder's bill installment application has been processed and passed the internal audit of the bank, it is a pity that the credit card bill installment application cannot be cancelled.

although the installment of credit card bills can't be cancelled, there is also an installment fee. But if you want to end the installment, there is only one way to pay off the installment principal and all the handling fees in advance. The installment fee includes the fee that has not been phased afterwards, that is, the installment is ended early, and most banks will not reduce the fee.

if the cardholder wants to end the installment in advance, he can call the bank credit card customer service to apply for prepayment, and then pay off the principal and handling fee.

That's all for everyone. If the credit card bill is divided into installments, once the application has been processed by the bank, it can't be cancelled, and the number of installments and handling fees can't be changed. Remind everyone that before credit card installment, you must consider your own situation and don't make a blind choice.

Can I cancel the installment if I accidentally click on the credit card?

No.

after the user has applied for credit card installment, the system will execute it immediately, and the user is not allowed to cancel it. Users who make mistakes in staging can choose to repay in advance, but the one-time deducted handling fee will not be refunded. Therefore, before staging, users must consider it clearly, and if they want to cancel it later, they need to bear certain losses themselves.

In addition, if it is an installment credit card, it will be automatically installment after consumption, so users can set the installment amount higher, which can avoid a large number of small installments.

if the card is swiped offline, the user will pay by installment, and the cashier will let the user swipe the card on the POS machine with special installment. For online payment, there will be a special page for installment payment, directly select the number of installments, and then pay by credit card. Successful payment is equivalent to credit card installment payment. Therefore, credit card installment payment is supported both online and offline.

after the credit card installment payment is successful, users are not allowed to modify the installment number, but they can repay or pay off in advance. Note that paying off in advance may charge a certain penalty.

credit card installment repayment refers to the process that when the cardholder uses the credit card to make a large amount of consumption, the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and then the cardholder repays the money to the bank in installments and pays the handling fee.

after reaching an agreement with the bank, the cardholder can apply for installment repayment of outstanding bills, or for large-scale consumption such as car purchase and decoration. If the cardholder is in urgent need of cash turnover, he can apply for cash transfer or cash withdrawal within the cash advance limit of the credit card.

It should be noted that, according to relevant regulatory regulations, cash advance business does not enjoy interest-free repayment period or minimum repayment amount in principle. If the cardholder really needs to repay in installments, he can apply for it.

charge for credit card installment business, and be aware of it.

banks usually charge a certain amount of interest or handling fee for credit card installment business. If consumers encounter the bank's promotion of "interest-free installment", please be sure to understand the specific meaning, because interest-free does not mean free.

some banks will charge a certain percentage of handling fees for installment business, and the corresponding rates are different for different installment numbers, so consumers can choose to pay the handling fees in installments or at one time.

when handling credit card installment business, consumers should carefully read the terms of the contract, especially the handling fee and penalty calculation, and ask the bank for confirmation if necessary, so as to avoid high personal financial costs caused by excessive installment, and eventually the credit information will be damaged due to the inability to make ends meet.

that's enough for the introduction of credit card installment cancellation.