CCB also sent a text message to the special installment quota. How to use this quota?

1. Go to the credit manager of the bank and use it after approval. It takes about a month before and after, as long as the ID card and salary flow can be handled.

2. CCB's special installment line is a special line provided to CCB Longka credit card holders independently of personal credit line according to the application. Cardholders can use this special line when purchasing goods or services from designated CCB merchants in decoration building materials, furniture, household appliances, department stores, tourism, wedding, education and training industries.

Data expansion:

1. Credit card installment refers to the process that when a cardholder uses a 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.

2. Generally speaking, the handling fee for credit card installment 1 year is lower than the annual cash withdrawal interest 18%, and higher than the commercial loan interest of the bank 1 year by 5.3 1%. It is worth mentioning that the loan interest rate of commercial banks has been lowered many times since last year, but the standards of credit card installment fees and cash withdrawal interest have rarely changed. Although different banks have different standards for credit card installment fees, the calculation method is roughly the same.

Source: Baidu entry credit card installment payment