What Is Credit Card Amortization?

Credit card installment means that when a cardholder uses a credit card to make a large purchase, the bank pays the merchant one-time consumption funds for the goods (or services) purchased by the cardholder, and then the cardholder pays the bank instalments and pays the procedures Fee process. The bank will deduct the consumption funds and handling charges through the cardholder's credit card account in stages according to the cardholder's application, and the cardholder will repay according to the monthly account amount.

Credit card installments

credit card

The main benefits of credit card installment:

Enjoy first and pay later.
No guarantee, simple procedures.
Regular quota, easy payment.
Payment is optional monthly repayment amount is optional
More space to choose your payment method.

From

Most domestic banks have credit cards

Credit Card Installment Bank of Communications

Bank of Communications credit card consumer installment payment is provided to Pacific Dual Currency Credit Card, Liu Xiang VISA Credit Card, Y-POWER Credit Card, Pacific RMB Credit Card, various joint credit card cardholders and supplementary cardholders;

Bank of Communications credit card starting amounts are: RMB 1500 / USD 100; (Y-POWER card RMB 500 / USD 60)

Number of optional periods: 3, 6, 9, 12, 18, 24 can be selected freely;

The credit card purchase instalment limit of Bank of Communications will be released gradually after repayment.

Charges:

Installment Amount (RMB) Installment Fee Rate

1500-6500 0.72%

6500-12500 0.72%

Above 12500 0.72%

Credit Card Installment Everbright Bank

Credit cards have opened automatic credit-free installment business credit cards: Fu Card MINI Card and Ruyi Sambo MINI Card.

The starting amount of the installment business is RMB 12 yuan; the number of installments: automatically divided into 12 installments (one installment per month); handling fee: the first installment is free of charge; the monthly charge is 0.5%; It is charged monthly; repayment can be made in advance, and after repayment in advance, the subsequent processing fee can be waived; Application method: No application is required, and the above card is used, and it is automatically divided into 12 periods.

Credit card installment payment Guangfa Bank

The Sample Bank interest-free instalment payment launched by Guangdong Development Bank Guangfa Credit Card, as long as a single purchase is over ¥ 500, you can call 95508 to register for instalment payment.

Number of instalments of the GF Card: 6 months, 12 months, 18 months, 24 months;

Periods and fees:

The number of instalments (1 in each month) The fee rate for each of 6, 6, 12, 18 and 24 is 0.7%, 0.7%, 0.72% and 0.72%. Guangfa Bank can also handle postal installment services. Commodity providers also mainly use Digital China and Founder Technology. The installment method is the same as that of China Merchants Bank.

GF's control of quotas is based on two forms of freezing and non-freezing after the audit, mainly depending on the audit results.

Handling fee: Instalment handling fee is charged monthly; it cannot be changed after instalment, such as repayment in advance, the handling fee is charged in full for the selected period.

Credit card installment ICBC

The ICBC Peony Credit Card installment service is only available to individual customers of Peony International Credit Card and Peony Credit Card.

The starting amounts of ICBC's peony card installment business are: RMB 600, HKD 600, USD 100, and EUR 100. Spending below the initial amount cannot be used for installment business.

ICBC freezes the full amount of consumption.

Periods and fees:

Period

Phase 3

6 issues

Issue 9

Issue 12

Issue 18

Issue 24

Handling fee

1.65%

(Month 0.55%)

3.6%

(0.6% per month)

5.4%

(0.6% per month)

7.2%

(0.6% per month)

11.7%

(Month 0.65%)

15.6%

(Month 0.65%)

ICBC supports special POS installment payment for special merchants, and can also handle ordinary consumer-to-instalment payment services through the ICBC telephone bank and counters of business outlets.

Credit card installment agricultural bank

Agricultural Bank Credit Card Installment Application Process:

Step 1: Hold a Golden Spike Credit Card and use a single swipe to spend ¥ 500 or more.

Step 2: Call the relevant department to apply for the "516 instalment" business after 1 day from the transaction to 3 days before the bill repayment date;

Step 3: The purchase can be repaid in installments.

Jinsui Credit Card cardholders can handle the installment renewal business by calling the Agricultural Bank Customer Service Center. The application date for the installment renewal business is from the next billing date after the successful installment application to the generation of the final installment bill.

Agricultural Bank Credit Card Installment Rollovers:

Each instalment transaction can only be processed once, and the cumulative period after the renewal can only be one of 6, 6, 12, and 24.

Agricultural bank credit card installment rollover fee and handling fee:

The renewal fee for instalment renewal is RMB 100. The renewal fee enjoys interest-free consumption. The handling fee for each instalment after renewal is 0.6% of the principal of the instalment that was not issued when applying for the renewal.

Agricultural Bank Credit Card Installment Payment Rate Standard:

The handling fee for each instalment is 0.6% of the principal of installment payment.

Credit Card Installment Bank

CCB Dragon Card credit card consumer installment payment is only provided to the Long Card Dual Currency Credit Card and Dragon Card RMB Credit Card Master Cardholders themselves;

The starting amounts of CCB's installment payment business are: RMB 1,000;

Number of optional periods: 3, 6, or 12 periods (one period per month);

CCB has frozen the full amount of consumption.

Consumption installment service fee standard:

Instalment period (month)	3	6	12
Monthly installment fee rate	0.70%	0.60%	0.60%

Credit Card Installment Bank of China

Bank of China credit card installment business can be divided into "easy installment by installment", "mail order installment" and "merchant installment".

Bank of China specially tailors the "Easy Installment" payment method for BOC credit card holders, so that you are no longer restricted by designated malls and designated products, you can apply with a customer service phone, which is simple and convenient, and you can easily buy the things you love You only need to swipe the card to spend more than 1,000 yuan and convert this ordinary consumption application to installment payment on the day of transaction. You can choose the installment period of 3 months, 6 months, 9 months, 12 months, 18 months and 24 months. We will charge a one-time installment fee.

Instalment fee rate

Phase 3 1.95%

Phase 6 3.6%

9 periods 5.4%

12 periods 7.2%

18 issues 11.7%

24% 15%

Credit card installments CITIC Bank

CITIC Bank credit card can be paid in installments at designated merchants such as Gome, Suning, etc. The credit card limit must be greater than or equal to the full amount of the product to be paid successfully. For example: The product is 3,000 yuan, which needs to be divided into 12 installments and 250 yuan per month. The practice of CITIC is to freeze all the 3,000 yuan limit and pay 250 yuan per month. (If your credit card limit is 3000, then your available credit limit will be equal to 0 after the installment process, and the credit limit will be changed back to 3000 after the repayment is completed.)

The starting amount of installment business is: RMB 1500;

Number of optional periods: 6 periods, 9 periods, and 12 periods can be freely selected;

There are no commissions for the 3 and 6 installments. Customers who choose to install the 12 installments will need to pay a 2.5% transaction fee. The commission will be deducted directly from the customer's credit card account.

Redeem

Fax for gift redemption

CITIC Bank credit card cardholders fill out the "Points Redemption Application Form" and mail or fax the form to the CITIC Bank Credit Card Center. You can also log in to the official website of CITIC to download the form. The CITIC Bank Credit Card Center will review the received exchange application form. If the redemption application form is filled in correctly and the applicant meets the requirements, the CITIC Bank Credit Card Center will accept the application for redeeming points for gifts.

Credit card installment payment China Merchants Bank

1. Hold a China Merchants Bank credit card and go to the mall's instalment partner merchants to purchase goods

2.Go to the China Merchants Bank shopping mall instalment payment service dedicated counter

3. The credit card is installed in installments successfully, and the purchase order is printed (using Home Improvement also enjoys consumption points)

4. The cardholder signs the transaction confirmation

Credit Card Installment Ping An Bank

Ping An Bank credit card installment purchases are divided into: mail order installment and bill installment. The credit limit is the highest amount obtained when a cardholder first applies for a credit card. If the cardholder holds multiple credit cards issued by Ping An Bank, the maximum amount under the name shall prevail.

Mail order staging

There are 3, 6, 9, and 12 installments for mail order instalments with zero handling fees. Late fees and interest are calculated on a monthly basis, that is, during the period of interrupted repayment, Ping An Bank calculates late fees and interest on a monthly basis. The calculation result is based on compound interest accumulated into the late fees and interest of the next month, and is recorded in the total outstanding portion.

Bill installment

Bill installment service fee standard: