How does China Merchants Bank prepay in installments?

Can China Merchants Bank repay in advance by credit card installment?

You can repay in advance. According to Item 8 of Article 3 of Terms and Conditions of Credit Card Billing Staging of China Merchants Bank, if the cardholder needs to pay off the outstanding amount of successful billing in advance, he must call the customer service hotline of our credit card center to apply. After the application is approved, he must pay off the outstanding principal and the remaining unpaid fees in one lump sum, and the installment fees received will not be refunded.

At the same time, according to the eighth point of Article 2 of the Terms and Conditions of Credit Card Billing of China Merchants Bank, once the cardholder's application for billing installment is approved, it shall not be revoked, and the installment amount and number of installments applied for shall not be changed.

Extended data:

China Merchants Bank credit card bill installment application method:

1. China Merchants Bank applies for installment by online banking.

2. China Merchants Bank's Pocket Life Application Staging.

3. China Merchants Bank Mobile Banking applies for installment.

4. China Merchants Bank applies for installment through interactive SMS.

5. China Merchants Bank Customer Service Hotline applies for installment.

If bill installment application is not supported:

1, cash advance transaction, installment transaction, real estate transaction and various expenses (such as annual fee, interest, late payment fee and other credit card expenses);

2. Funds that have been applied for purchasing foreign exchange;

3. Other transactions designated by the Bank's credit card center.

Restrictions on installment amount of bill application:

1. For the installment payment of RMB bills, the minimum amount of each application shall not be lower than that of 300 yuan.

2. Apply for installment payment of US dollar bills, and the minimum amount of each application shall not be less than US$ 65,438+000.

3. The total amount of the application for installment of unbilled transactions must be equal to the sum of the original transaction amounts, and it is not supported for cardholders to apply for partial installment repayment of a single transaction.

How to repay in advance by credit card installment of China Merchants Bank?

Cardholders of China Merchants Bank can also apply for prepayment after installment. When the credit card is repaid in advance by installment, you need to call the bank's customer service hotline for manual application. Only after the application for prepayment is passed can they repay the arrears in advance in one lump sum, but the credit card fees charged by the cardholder after the application for prepayment will not be refunded. After the cardholder repays in installments, the credit card repayment amount will be automatically restored, and the cardholder's credit card available limit will be restored to the original limit.

In addition, the cardholder can prepay the credit card in installments through the bank official website, complete the identity authentication after logging in to official website, and then make repayment according to the operation instructions. Secondly, users can also use the bank hotline to operate according to their electronic voice prompts, and then they can also complete the credit card installment prepayment.

It should be noted that there are many ways to repay credit cards, but only timely repayment is the best operation, because no matter whether it is installment repayment or early repayment, cardholders need to pay a certain fee, including installment repayment fee and early repayment fee. In addition, credit cards frequently apply for installment repayment or early repayment, which easily leads to difficulties in credit card reduction or withdrawal.

Conditions for applying for China Merchants Bank credit card:

(1) China residents, foreigners living in China, compatriots from Hong Kong, Macao and Taiwan have reached the age of 18, have full capacity for civil conduct, and have good credit standing. They can apply for personal credit card master cards with their valid identity documents. Personal cardholders can also apply for supplementary cards for other natural persons with full civil capacity or natural persons with limited civil capacity. The main cardholder can apply for cancellation of the supplementary card at any time.

(2) Enterprises, administrative institutions, social organizations and other economic organizations authorized by legal persons who open basic deposit account in domestic financial institutions can apply for business cards from card issuers with supporting documents such as the basic deposit account account opening permit issued by the People's Bank of China (foreign exchange settlement accounts are also required to apply for international business cards). The qualification of the cardholder of the unit card shall be designated and revoked in writing by the legal representative of the unit or its authorized person. The applicant shall bear all debts arising from the unit card.

China Merchants Bank paid off the bill in advance by installments.

1. Under normal circumstances, China Merchants Bank needs to apply to the bank for prepayment by installments, and the prepayment can only be made after the approval of the bank. Users are advised to call the credit card customer service hotline of China Merchants Bank directly, and can apply for early repayment in installments after entering the manual service. After the customer service accepts the user's application, the remaining installment bill of the credit card will be included in the latest credit card bill, and then the user only needs to repay the displayed bill amount.

Second, the specific steps

In order to repay the bills of China Merchants Bank in advance, you need to call the customer service hotline of China Merchants Bank at 4008205555 to apply to the customer service staff of the bank. If the application is approved, the money can be paid in one lump sum. The handling fee charged when returning in advance will not be refunded. After the credit card is returned in advance by installments, the amount occupied by the credit card will be released, and users can use the credit card for high consumption.

Credit cards must be repaid on time in daily use, and there can be no overdue, because there will be penalty interest after overdue. The longer the time, the more penalty interest. Moreover, overdue records will be uploaded to the credit information center by banks, which will lead to the deterioration of personal credit information and affect the handling of subsequent loans.

In order to avoid the situation that the credit card cannot be returned in time after use, users must measure their repayment ability and know what kind of income to return when using the credit card for consumption. If the personal income is not much, use it carefully at this time. If your personal income is relatively high, you can use it with confidence.

In order to prevent excessive consumption by using credit cards, users can set a single consumption limit or actively reduce the credit limit of credit cards, which can effectively avoid excessive consumption.

In addition, customers who choose to prepay should understand that even if you choose to prepay, the handling fee needs to be paid in full. The paid fees are not refundable, and the fees that have not been phased in should also be made up.

Third, matters needing attention

It should be reminded that if China Merchants Bank repays in advance after installment, it will not refund the fees already charged, and may also charge a certain fee as a penalty for prepayment. Users are advised to consult clearly before going through the prepayment procedure. In addition, after the credit card is repaid in advance after installment, the credit card limit will be restored accordingly.