There are often cardholders who like to make large purchases and think that although they cannot repay in full, they can relieve personal financial pressure through installments. As a result, when I went to apply for installment, I was directly rejected by the credit card application platform. So why did the credit card installment fail?

Why did the credit card installment fail?

1. There are overdue bad records. Many users apply for installments on their own initiative, which is different from the situation where banks invite installments. The bank will conduct a comprehensive assessment of the qualifications, card usage, credit history, etc. of such users, and then determine whether to provide them with installment services based on the assessment results. Generally speaking, users who want to apply for installments may have insufficient repayment ability. If they are overdue again, the bank may choose to refuse the installment due to financial considerations.

2. Exceeded the number of installments. There is no limit to the number of installments for consumption, and they are generally carried out simultaneously with payment. However, bill installments are different and you can only apply for them once a month. Some banks also require a time interval between the two installments. Therefore, users should pay attention to submitting installment applications when allowed.

3. The installment amount does not match. Banks also have regulations on the amount of the bill applied for, and generally set the minimum and maximum installment amount. If the installment amount applied by the user does not meet the requirements, installment failure will also occur. In this case, you need to know the bank's installment amount limit in advance.

4. The transaction type is incorrect. The bill installment is only for the new consumption amount in the current period. For example, the amount that was not paid off last month, or the temporary limit, the amount of cash withdrawal, and the annual fee and interest of the credit card cannot be paid in installments. It must be paid off in one go. .

5. There is any violation of card usage. Many users often max out their credit cards at once, often use cards at fixed POS machines, and often use cards outside normal business hours. These are bad credit card habits and can easily lead to bank risk control. At this time, the application for installment can easily be rejected.

In short, when applying for credit card installment, users should try their best to understand the bank's rules to avoid installment failure.