A credit card is a credit certificate issued by a bank and can be overdrawn within the credit limit. Under normal circumstances, in addition to normal consumption, credit cards can also be used for cash withdrawal and installment shopping. Generally speaking, credit card installment shopping can only be consumed by cooperative merchants, so is credit card installment shopping a one-time deduction? Let's get to know each other.

Is credit card installment a one-time deduction?

Credit card installment is a one-time deduction, which will directly deduct the total consumption from the credit limit of the credit card. When purchasing by installment, the cardholder needs to select the corresponding installment number, and then repay the installment bill on schedule according to the regulations. In essence, credit card installment shopping will occupy the credit limit of credit card. With the gradual repayment by cardholders, the credit limit of credit card will gradually recover.

After the cardholder handles the installment shopping business, the credit card bill will show the repayment amount and the repayment deadline of each installment. Generally, the installment fee will also be included in the repayment amount of each installment.

When shopping in installments, cardholders must pay attention to the repayment time. If they can't repay the loan on time, it will not only have a bad influence on the credit information, but also have a corresponding penalty interest. In addition, the bill for installment shopping is not allowed to handle the minimum repayment business or the bill installment business again. After the bill comes out, it must be repaid according to the amount shown.

Different banks may have different regulations on credit card installment shopping. Some banks may limit the minimum consumption amount, the maximum installment period or need to pay extra handling fees. Therefore, it is recommended to read the relevant bank regulations carefully before using credit cards to shop in installments.