after an agreement is reached between the bank and the cardholder, the authorized bank can make automatic installment payment for the cardholder's consumption exceeding a certain limit, and the bank will give the cardholder a certain return.

In most cases, China Everbright withdrew from 1 yuan, and the automatic interest-free installment payment of 3, yuan, 5, yuan, etc., and the cardholder chose 6 installments of 3, yuan, that is, as long as the cardholder swipes the card for more than 3, yuan, for example, 4,2 yuan will be automatically paid in 6 installments by the bank, and the 4,2 cardholders will be repaid in 6 months. Cardholders can enjoy interest-free or fee-free benefits for a certain period of time.

Advantage: cardholders don't have to apply for installment every time for large consumption, but banks can promote consumption from installment and charge more installment fees or merchant cooperation fees.