What is the longest installment that can be paid on a credit card? Does anyone know?

The maximum credit card installment can be divided into 24 installments. Different banks have different maximum credit card installments. The repayment amount of each installment is also different for different banks.

1. The maximum number of installments for credit cards from different banks is different. For example: Bank of Communications can be divided into up to 24 tranches, China Everbright Bank can be divided into up to 12 tranches, China Guangfa Bank can be divided into up to 24 tranches, Industrial and Commercial Bank of China can be divided into up to 24 tranches, Agricultural Bank of China can be divided into up to 24 tranches, and China Construction Bank can be divided into up to 24 tranches. Long term can be divided into 12 installments, Bank of China can be divided into up to 24 installments, China CITIC Bank can be divided into up to 12 installments, Ping An Bank can be divided into up to 12 installments, etc.

2. The repayment amount of each installment is different from different banks. For example: Bank of Communications repayment amount per installment = installment amount/number of installments installment amount x installment interest rate. China Everbright Bank waives handling fees for the first installment, and the repayment amount for each subsequent installment = installment amount/number of installments, installment amount x fixed interest rate. When repaying in advance, there will be no handling fee later, and each installment handling fee = installment amount x fixed interest rate . There is no procedure for CITIC Bank to choose 3 or 6 installments. Customers who choose 12 installments need to pay a handling fee of 2.5 per transaction amount, etc.

The maximum credit card installment can be divided into 24 installments. The bank will recommend relevant installments to you based on your credit. The better your credit, the larger the number of installments. Generally speaking, it is one year. If you need installment, it is best to consult the issuing bank of your credit card.

After the credit card installment, you need to pay the installment fee. Although the monthly repayment pressure is reduced, the total repayment amount increases. Although some banks promote it under the banner of "interest-free", it is not free. It only waives the handling fees for the first few periods. Handling fees will still be charged in the following months, so don't be "fooled". And frequent installment business is also a sign of the user's poor economic status. Frequent installment business will make your repayment amount become larger and larger. Frequent installment business is also not conducive to repayment. Therefore, if possible, try not to apply for installments, do not consume in advance, and do not consume blindly for the sake of vanity, resulting in a situation where you are in debt and unable to repay. You can only demolish one wall to pay for the other, which will keep you under financial pressure. It is best for individuals to develop a good concept of money, spend as much as they earn, spend more when they have money, and spend less when they have no money, and do not get into a situation where they are always in debt. How many installments can a credit card be divided into at the longest time?

Each bank has different credit card installments. The main ones are:

1. China Merchants Bank: The shortest installments for a China Merchants Bank credit card are 3. period, up to 24 periods.

2. Bank of China: The shortest installment for a Bank of China credit card is 3 installments, and the longest is 24 installments.

3. Everbright Bank: The shortest installment for the Everbright Bank credit card is 3 installments, and the longest is 15 installments.

4. China CITIC Bank: The shortest installment for a CITIC Bank credit card is 3 installments, and the longest is 36 installments.

5. China Construction Bank: The minimum term of China Construction Bank is 3 terms and the maximum term is 24 terms.

6. Industrial and Commercial Bank of China: The minimum period of ICBC is 3 periods and the maximum period is 24 periods. What is the maximum number of installments that a credit card can be divided into?

Most credit card installments can be divided into 3 months, 6 months, 9 months, 12 months, 16 months, and 24 months. Some bank credit cards can be divided into 36 months. months, because the regulations of various banks are not uniform, and the levels of credit cards are not uniform, the number of installments is different, and the specific number of installments is subject to the actual regulations.

Credit card installment means that when the cardholder uses a credit card to make large purchases, the bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder, and the cardholder repays the payment to the bank in installments. payment process. The bank will deduct the consumption funds in installments from the cardholder's credit card account based on the cardholder's application, and the cardholder will repay according to the monthly credit amount.

Extended information:

Notes:

1. Although the longer the installment period, the smaller the monthly repayment amount and the smaller the repayment pressure. , the lower the interest rate, but the higher the calculated total handling fee.

2. It should be noted that if you want to repay in advance after the installment, the handling fee is usually charged, and the credit card limit cannot be increased during the installment repayment period.

3. Different banks have different regulations for credit card installments. It can be divided into 3 installments, 6 installments, 12 installments, 18 installments and 24 installments. The longest period shall not exceed 36 installments. Please refer to the regulations of the card-holding bank. of.

4. When consumers are dissatisfied with the goods or return the goods due to quality problems, the handling fees collected by most banks will not be refunded. Consumers who pay the handling fee in one go will suffer greater losses.

5. Non-refundable handling fee for early repayment. When applying for installment, you should also know whether you need to pay the handling fee in one go or collect it in installments. What you need to understand is that regarding the handling fee, whether it is Regardless of the payment method, as long as you choose the number of installments, the handling fee cannot be changed. Even if you repay in advance, the handling fee will not be less. After installment, even if you have the ability to repay in advance, the installment cost cannot be reduced.