China Merchants Credit Card sent a text message, to-do list, and there is a sum of money waiting for you in installments. Will it be okay? What does a bank mean?

Did you spend about 20 thousand recently? The bank wants you to repay by installments, because installment repayment is good for the bank. In case of repayment by installments, the bank will charge a handling fee every month, which can be about the annual interest rate of 10 to 18% (depending on the number of installments). Nothing, as long as you don't offer or disagree with the installment, but pay it off in one lump sum on the scheduled repayment date, the bank won't give you installment. Note that some banks offer a service that will automatically pay in installments when your consumption exceeds a certain amount. If you sign up for this service, it will be automatically converted into installment repayment! At that time, if you want to pay off in one lump sum, you must pay a sum of money to compensate the bank for its losses.