First, credit card installment is not equal to loan.
Special installment is not a loan, and the sign of a loan is not to pay interest. After the loan is successful, interest will be charged. Although some loans have to be repaid every month, interest will be charged every day instead of the monthly interest fee. Some loans are subsidized by the state, so you can borrow interest-free as long as you pay back the principal. As the arrears decrease, the interest will also decrease. Credit cards can enjoy an interest-free period in special installments without paying interest, but they need to pay a handling fee once a month. It is important that no matter how much principal is repaid, the handling fee for each special installment will not be reduced until the last installment is repaid.
Second, you can drive with good qualifications.
Credit card special installment is a large-scale installment business launched by credit card as the carrier, including consumption installment and cash installment, and only high-quality customers of the bank have the opportunity to handle it when they receive the invitation. Without a business license, you are not qualified. You need to maintain good credit, swipe more credit cards, pay back on time and so on. Credit card special installment will also be reported, and most banks will report it in the form of electronic credit cards instead of loans.
If there is a certain consumer demand, you can use the credit card special installment quota of Bank of Communications, which is relatively convenient to use and much more cost-effective than loans. Where there is no risk and insecurity, you can use it with confidence. It must be returned on time after use. If it is overdue, it may also affect the credit information, resulting in future loans or credit cards being affected.