The customer service of CCB arranged credit card installment for me. What do you mean?

There are two reasons for CCB to handle your installment, and different reasons have different effects:

1, to promote the installment business, it doesn't matter whether it is handled or not, but it is estimated that it is easier to raise the amount if it is handled;

2. The credit card is controlled by the wind. For example, if your cash is found by the bank, I will call you to apply for installment, otherwise the amount of the card may be reduced.

We should know that credit card installment payment refers to the process that when the cardholder uses the credit card to make a large amount of consumption, the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and then the cardholder repays the money to the bank in installments and pays the handling fee. According to the cardholder's application, the bank deducts the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder repays according to the monthly recorded amount.

Credit card repayment is to repay the principal and handling fee by installments. Calculated by commodity installment, such as a consumption of 5,000 yuan, 12 installment repayment, the handling fee rate is 6%. Under normal repayment conditions, the monthly repayment is 5000/ 12 (principal) +5000 * 6%/ 12 (handling fee) =

So, when is the right time to apply for credit card installment? Time to apply for bill installment: For transactions that have not been billed (except transactions recorded the day before the bill date), you can apply for installment between the transaction date and the day before the bill date corresponding to the transaction. Apply for installment payment before the bill date, and the minimum application amount shall not be less than RMB 500 yuan. For bills that have been issued, you can apply for installment from the day after the billing date to the due repayment date (for customers with automatic repayment in the account, the deadline for application is due repayment date 17:00). During the cardholder's use of the reservation function for future transactions, the transactions recorded on the bookkeeping date cannot be staged.

Finally, how to cancel the credit card installment payment? 1. If the installment repayment is not implemented or within the cancellation time specified by the bank, you can call customer service directly or operate online to cancel the installment. It should be noted that not all banks can cancel the installment payment without executing the installment payment.

2. If the installment has been implemented and cannot be cancelled, you can choose to repay in advance, but prepayment cannot save the handling fee. The cardholder can call the credit card customer service to apply for prepayment by installments after applying for the current bill, and no extra prepayment fee is charged.

3. The undistributed principal and handling fee of the cardholder's installment payment shall be fully included in the cardholder's current bill at the end of the application for early repayment, and fully included in the minimum repayment amount, and will not be paid on schedule on the subsequent billing date.