There are often card friends who spend a lot with credit cards, but they can't repay in full, so they will go to credit cards for installment. By allocating the amount owed to the monthly repayment, they only need to repay part of the principal and handling fee each month. The most important thing is that they can enjoy an interest-free period. However, many cardholders do not know when to start repayment after handling credit card installment. Let me introduce the installment repayment time of credit card to you.
1. When will the credit card be returned by installment?
This score can be divided into two situations. One is to see whether you apply for installment in the bill or after the bill date comes out.
1, billing by stages:
Refers to the installment of the unpaid bill amount, which generally requires repayment this month. Because your down payment and installment fee are included in the minimum repayment amount of this bill, you must repay it on the last billing day of this period.
2, the bill will be implemented in stages in the future:
This refers to the installment of the account amount, which generally needs to be paid back after the next bill comes out. Because after the successful installment of the bill, the principal and handling fee of the first installment will be included in the minimum repayment amount of the next installment, which means that you will have to pay it back after the bill comes out next month. In the installment month, you only need the bill amount that has not been paid in installments.
For a simple example, the billing date of your credit card is 22nd of each month, and the final repayment date is 10:
If the unpaid bill of 3,000 yuan is divided into three installments on 165438+ 10/8, it needs to be repaid before the end of 165438+ 10/0;
If you divide the 3,000 yuan bill into three installments on June 23rd 165438+, you need to repay it before the end of February 10.
Second, how to repay the credit card in installments?
In many cases, it is not excluded that even if the installment is handled, there is no money to pay back. At this time, some card friends will ask whether the amount after installment can be re-phased, or whether it can be repaid according to the minimum repayment amount. The answer is no.
Because the amount to be repaid in each installment of the credit card has been included in the minimum repayment amount of the current bill, you must repay the minimum repayment amount in order not to be overdue. Without money, it is still very dangerous. If it is determined to be a malicious overdraft, it will constitute a credit card, but it will be sentenced.
In short, when to start repayment by credit card installment mainly depends on the installment time, and the repayment time changes with the billing date as the watershed. However, whether your credit card installment repayment time is the current period or the next period, you must also pay the minimum repayment amount of the current bill.
How to calculate the repayment date of credit card?
Hello, if you hold a credit card of China Merchants Bank, the credit card has a designated billing date and repayment date, and the repayment has a cycle. "Bookkeeping date" refers to the date when the card issuer summarizes the accumulated outstanding principal of consumer transactions, principal of cash withdrawal transactions, fees, etc. Every month, calculate the interest and the amount that the cardholder should repay. "Due repayment date" refers to the latest date when the cardholder should repay all the payable amount or the minimum repayment amount stipulated by the card issuer (the consumption amount can be repaid before the due repayment date, and the credit card can be returned before 24: 00 at the latest). For example, the 5th of each month is the bookkeeping date, the 23rd of each month is the repayment date, and the consumption from the 5th of last month to the 4th of this month is repaid on the 23rd of this month. You can call your credit card and manually confirm your credit card bill and repayment date.
When will the first installment of the credit card be returned?
The first repayment is made on the first repayment date after the billing date, in which the billing date refers to the date when the issuing bank collects and settles all transactions and expenses of the credit card account in the current period and calculates interest, and the billing date of the current period is before the current repayment date.
For example, if your bill date is the 5th of each month, and you apply for the monthly installment bill, then your installment bill will come out on the 5th of next month, and the repayment date is generally about 20 days away from the bill date, so you can repay it between the 5th and 25th.
How to repay after installment payment? How to repay after credit card installment?
1. Every credit card has a billing date. When the bill comes up at sunrise, there will be the amount you should repay this period and the minimum repayment amount, as well as the final repayment date, bill details and so on. When you apply for cash installment business, the successful installment business application will be reflected in your next installment bill. At this time, you should repay the money on each bill before the final repayment date, and don't be overdue. If you can't repay in full, you can repay according to the minimum repayment amount, but it is not recommended to repay according to the minimum repayment amount, and there will be a handling fee for the remaining amount. For example, if the bill amount is 4329.0 1 and the minimum repayment amount is 2 16.45, it must be repaid in full or according to the minimum repayment amount before August 5.
When you spend a large sum of money and can't pay it back before the next repayment date, you can apply to the bank for installment payment. After the installment is successful, you only need to repay the money according to the amount of each bank bill. Generally speaking, when you apply to the bank for installment payment, the bank will give you the bill on the next billing day after approval, and you need to start repayment from the first repayment day after application. For example, apply for installment on July 27 and give you the bill on August 4. The installment business will be reflected in the bill, and the bill amount should be paid off before August 24.
If you spend a lot of money and don't apply for installment before the bill, you need to apply for installment after the bill. The banking system will judge whether your bill can be divided into stages according to your consumption amount and bill amount. If you apply for installment before the billing date, the banking system will not let you do it.
Usually, most large transactions can be carried out by stages. For example, after the sales cost is 39,500 yuan, you don't need to apply for a single installment, but you can only apply for bill installment after sunrise on August 4, so if you apply for bill installment on August 6, you must pay off the installment amount and handling fee of the first installment before August 24.
China bank credit card is phased. When will the first phase be returned
After the installment, please repay according to the repayment amount shown in the next bill.
The above contents are for your reference. Please refer to the actual business regulations.
This is the end of the introduction about how to repay credit cards by installments and why credit cards should be repaid by installments. I wonder if you have found the information you need?