The installment default of ICBC's credit card means that the user who handles installment payment fails to repay the current repayment amount with the minimum repayment amount on schedule, and the credit card account is charged with late fees, which is regarded as installment default. When the credit card account charges a late fee, the system will automatically record the number of times the account fails to repay on schedule. If one of the following circumstances occurs, the system will automatically put all the unrecorded funds in the installment payment into its credit account for one-time entry:

1. The cumulative default times of installment payment business exceed the default times set by parameters (2 times).

2. The cumulative number of defaults in installment payment business did not exceed the limit, but there were 1 defaults after the extension.