Generally speaking, a credit card will not charge an annual fee if it has not been activated, but different banks will have different regulations. If you have chosen to avoid activation when applying for a credit card, , your credit card will be deemed activated from the account opening date, and the corresponding annual fee will be charged according to normal procedures. It is recommended that you call your bank customer service for clarification.
CITIC Bank Credit Card has always been aimed at serving the public and has applied credit card processing to better serve the public. Many people who have used credit cards know that credit cards are very convenient and can be used not only in domestic shopping malls and supermarkets. , and can even be used in some foreign consumption places. Credit cards greatly facilitate the general public and allow banks to gain more profits from them.
CITIC Credit Card Installment Payment means that when the cardholder uses the credit card to make large purchases, the card-issuing bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder, and pays the cardholder according to the cardholder’s payment method. When a person applies, consumption funds will be deducted in installments from the cardholder's credit card account, and the cardholder will repay according to the monthly credit amount.
Most domestic banks have credit card installment services. Installments are generally divided into shopping mall (POS) installments, "mail order installments" and bill installments through the Internet, mail, etc. depending on the occasion.
Shopping mall installment
Also known as POS installment, it means that cardholders go to shopping places, such as "malls" where installment can be purchased. When checking out, please show a credit card that supports installment payment at the mall and indicate that you need to pay in installments. Then the cashier will swipe the card on a dedicated POS machine according to the number of issues required by the cardholder (such as 3 issues, 6 issues, 12 issues, etc., a few shopping malls support 24 issues).
Note: Cardholder identity verification is required when making installment purchases in the mall, so remember to bring your ID card. Shopping mall installments are generally free of charge for three installments. The rates for 6 and 12 periods vary from bank to bank. Installment products can generally be purchased as long as they are normally sold in the shopping mall. In many cases, cardholders can also bundle multiple items together for checkout and then make installment payments.
Mail order installment
It means that the cardholder receives the installment mail order catalog manual sent by the card-issuing bank (or the bank's online installment mall) and chooses from limited products. Then order through the online installment mall, call or fax the mail order installment application form, etc. to the bank for installment mail order. There is generally no handling fee for mail order installments regardless of the number of installments. However, due to the long ordering cycle (in many cases it will take more than 15 working days to get the product) and the relatively cumbersome return and exchange process, it is recommended to compare before purchasing.
Bill installment
This is the most convenient installment method. Basically, all card-issuing banks can support this installment method, and the application is simple. Users only need to submit an installment application to the card-issuing bank by phone or other methods after swiping their card for consumption and before monthly bills are sent. However, it should be noted that each bank will stipulate some special cases. For example, speculative card swiping will not be successful in installments. So before proceeding with staging, be sure to read the staging manual carefully.
The disadvantage of bill installment is that the handling fee cannot be waived. The longer the number of installments, the higher the handling fee, all of which must be borne by the cardholder.