Nowadays, when you choose credit card bill installment, various banks will give you a lot of gifts to make up for the cardholder's installment loss. Therefore, when buying large items, many people prefer to use credit cards to repay in installments to relieve their debt pressure. Some people suggest that you can choose 6 credit card installments, and the amount should be controlled at around 10,000. However, how in-depth do you know about credit card installment? Now, let’s take a look at the hidden rules of credit card bill installments~

Things to note about bill installments

1. There is an amount for bill installments Restrictions

In fact, not all consumption amounts can be applied for credit card installment. Since there is a minimum monthly repayment amount, usually 10, the amount applied for bill installment needs to be controlled within 90% of the new consumption.

2. Temporary credit cannot be paid in installments

What needs to be noted here is that many people like to use the temporary credit to buy items they have cherished for a long time, but they will not know until they get the bill. The temporary credit cannot be paid in installments, requires full payment, and there is no minimum repayment, thus doubling the financial pressure.

3. Early repayment does not waive the handling fee

Many banks will charge handling fees and monthly repayments at the same time after the cardholder applies for credit card bill installment, so even if you repay in advance After repaying the loan, you still have to repay the remaining months’ handling fees in one lump sum. Therefore, it is recommended that cardholders with credit card bill installments not choose to repay in advance.

4. Bill installment will not affect your credit score

Bill installment involves repayment matters, and many people worry about whether it will affect their personal credit score. In fact, bill installment not only It will not affect your credit report, and may also reduce your debt ratio, so it will help you apply for credit cards from other banks.

5. Bank customer service calls for installment sales

Bank customer service sometimes calls cardholders and invites you to apply for credit card bill installments. Here you need to consider your own situation. If you have recently had major card usage problems, such as overdue payment or frequent large cash withdrawals, it is recommended to apply for installment. After all, you should already be on the bank's risk control list at this time. On the contrary, if you perform well, you can naturally ignore the bank's invitation and respond to the other party with your own application later.

Finally, I would like to remind everyone that if you are fully capable, you should repay the loan in full. After all, banks are not philanthropists. When they launch installment business, they must make profits from it. Normally, the more installments, the lower the interest rate and the higher the resulting handling fee. There are many people here who want to make installments no matter how much the amount is. In the eyes of banks, such people are judged as people with irregular consumption and repayment, and who are always short of money. This will naturally have an impact on your future loan applications. Therefore, choosing bill installment is indeed helpful for increasing the amount, but the handling fee charging rules of each bank are different. You need to make installments according to your actual situation~