After the credit card installment is successful, it cannot be modified and you can only choose to repay it in advance. It should be noted that if an installment is settled in advance, the remaining outstanding principal and remaining installment handling fees generally need to be repaid in one lump sum. The installment handling fees cannot be reduced or reduced, and the installment handling fees paid in the past will not be refunded. There are even some banks that will charge a certain amount of liquidated damages if they cancel their credit card installment business (the details are subject to the regulations of the card-issuing bank, and you can call customer service).

How to pay off credit card installments in advance?

If you want to repay the credit card installment in advance, the customer can call the card-issuing bank's hotline, apply to the customer service staff through the manual service channel, and then return the money to the card. The bank system will naturally Initiate a deduction.

Of course, customers can also directly find the installment statement on the card-issuing bank's online banking/mobile banking client/credit card APP, and then apply online to terminate the installment early.

If there is an offline branch of the card-issuing bank near where you work or live, you can bring your personal ID card and credit card to the branch to see the counter staff for early repayment procedures.

Are there any penalties for early repayment of credit card installments?

Whether liquidated damages will be charged for early repayment of credit card installments mainly depends on the regulations of the card-issuing bank. Different banks may have different regulations.

For example, China Construction Bank, if the customer applies to terminate or cancel the bill/consumption/cash installment early, the remaining outstanding principal will be included in the next bill in one go, and the customer will repay it before the due date of the bill. The remaining principal and the handling fee for the current installment are enough (the installment handling fee collected will not be refunded). Another example is ICBC. For installment transactions that charge handling fees in installments, if you handle early repayment, you will need to pay liquidated damages.

Will the available balance increase if you pay off your credit card in installments in advance?

After a credit card installment is paid, the balance available for early repayment will increase. Users can choose to return the current installment amount in advance, or pay off all remaining installment amounts at once. After the repayment is received, the available credit card balance will be restored in real time, thus increasing the user's available credit card balance.

If the credit card installment fee is charged in one go, the early repayment fee will not be refunded if the user repays in advance, so it may not be cost-effective for the user to repay in advance.