Can I choose between bill installment and single installment?

You can choose freely according to the actual situation. If the amount of each purchase is about the same, you can choose a bill installment, and if one of the purchases is very high, you can choose a single installment, and the installment interest rate will be slightly different depending on the installment method. If you encounter difficulties in repayment, you can also use the Huibei app, which can provide a maximum of 50,000 yuan, and you can postpone repayment for another month after the bill installment.

You can choose by yourself, and those with interest are not cost-effective, and you can choose by yourself, and those with interest are not cost-effective.

Users can freely choose according to the specific consumption situation of the month.

At present, with the continuous deepening of the humanized services of banks, some banks with fewer business outlets are also trying to make up for the weakness of fewer outlets, strengthen the sharing of counters in outlets, and launch services such as "counter access", which greatly facilitates credit card repayment. For example, China CITIC Bank credit card customers can go to any bank that joins the "Counter Pass" to make cash repayment.

"Counter Connect" refers to the bank card issued by the networked financial institutions to carry out RMB current deposit and withdrawal transactions through the counters of other banks' bank outlets registered in the host system of the UnionPay Exchange Center. The transaction types are inquiry transactions, deposit transactions, deposit withdrawal transactions, withdrawal transactions, credit card repayment transactions, etc.

"Counter Pass" credit card repayment method refers to the repayment of credit card at Bank A's outlets for Bank B. However, this service is currently only available in Shanghai, Nanjing, Wuxi, Hangzhou, Zhengzhou and Ningbo, and different banks in different cities have opened this service. If you want to know if your city and card issuer are open, you can call your card issuer or consult the user manual.

Repayment is generally free of charge, but it cannot be received immediately, and it generally takes 2-3 days.

There are two types of repayment in the following two forms.

1) Done by depositing POS. That is, the bank installs a "deposit POS" on the counter, and the customer hands over the cash and credit card to the bank counter staff, and the bank counter staff swipes the credit card on the POS, and then enters the amount, and the deposit will be credited to the card, so the depositor must hold the card to realize the inter-bank deposit.

The process is as follows: select the bank branch that has opened "Counter Pass" - submit the cash and credit card (or card number) for repayment to the counter - the repayment funds will be credited to the account immediately to complete the repayment.

2) Done through the counter terminal. That is, on the basis of the original counter terminal of the bank, the instruction of inter-bank deposit is added, and the original hardware equipment is still used to realize inter-bank deposit. Customers only need to remember the credit card number to be repaid, and they can make inter-bank repayments even if they don't have a credit card.

Of course, it is best for users to bring their deposit cards to avoid unnecessary trouble by remembering the wrong card number.

The participating banks include China Merchants Bank, Shenzhen Development Bank, Huaxia Bank, Guangdong Development Bank, Minsheng Bank, Industrial Bank and China Everbright Bank. Credit card repayments can be made in RMB at the branches of these banks, and the payment will be credited to the account on "T+1" day.

Only a single credit card spending of $500 or more can apply for spending instalments, and the minimum amount of bill instalment is $300.

From the perspective of installment rates, the handling fee rate of bill installment is a little higher than that of single consumption installment.

There is generally no limit on the number of credit card installments for a single purchase, while there is a limit on the number of bill installments, and some banks can only apply once a month.

Overall, for credit card holders with less repayment pressure, it is more cost-effective to opt for a single installment. If the user owes too much and is unable to repay, the user can choose to pay the bill in installments. If the user's single amount is more than 500 yuan and the repayment ability is good, he can choose a single installment, because the rate of a single consumption installment is lower than the interest rate of the bill installment.

Further information: Credit card bill installment is one of the types of credit card installment payment, which refers to the credit card holder using the credit card to use the credit card to make purchases and then request the credit card center to return the purchase amount to the bank in installments.

Credit card bill installment payment is the simplest installment payment method, you only need to call the bank's credit card center ** or log in to personal online banking to apply for installment payment during the period between the credit card consumption and the due repayment date, under normal circumstances, as long as you have no bad personal credit history, you can be approved.

Credit card installment refers to the process in which the bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder when the cardholder uses the credit card to make a large purchase, and then allows the cardholder to repay the loan to the bank in installments and pay the handling fee. According to the cardholder's application, the bank will deduct the consumption funds and handling fees through the cardholder's credit card account in installments, and the cardholder will repay the monthly credited amount.

ICBC cardholders can apply for installment payment at ICBC outlets, ICBC online banking, ** bank and mobile banking, and China Merchants Bank can apply for installment through the bank's online banking. CCB officials reminded cardholders that although various banks have launched bill installments, it does not mean that every cardholder can pay in installments by credit card.

Banks generally assess the credit status of cardholders based on their credit limit and credit history of cardholders. Only after the assessment is passed can the cardholder successfully make the installment payment; If the assessment is unsatisfactory, the bank may reject the cardholder's instalment application or fail to give the cardholder the desired instalment amount. Cardholders can apply for instalments after fully considering their own financial situation**.

The minimum consumption amount for each bank to apply for installment is basically between 500 and 1500 yuan, of which ICBC is 600 yuan, CCB, Bank of China, China Merchants Bank is 1000 yuan, Bank of Communications is 1500 yuan (Y-Power card is 500 yuan for a single transaction), CITIC is 1200 yuan, while Agricultural Bank of China and Guangfa Bank stipulate that a single card amount of 500 yuan or more can apply for installment. CEB does not require the amount, as long as the cardholder uses the designated card, the bill will be automatically divided into 12 instalments.

The one-time is still intact, becauseThere is no risk of overdue.

Bill installment refers to:After using the credit card to make a purchase, the credit card holder requests the credit card center to return the consumption amount to the bank in installments

Credit card bill installment is the simplest installment payment method, you only need to call the bank's credit card center ** or log in to personal online banking to apply for installment payment in the period between the credit card consumption and the due repayment date, under normal circumstances, as long as you have no bad personal credit history, you can get approval.

Credit card bill installment is one of the types of credit card installment payment, which refers to the credit card holder using the credit card to use the credit card to make purchases and then request the credit card center to return the purchase amount to the bank in installments. There is a handling fee for bill instalment repayment, and if you are not short of funds, you can choose to pay it off in one lump sum.

What is the difference between a lump sum mortgage and an installment repayment? I finally got it today.

Installment refers to dividing an amount into several parts, and repaying some every period of time, generally the installment has interest in it, and it is better if you have the ability to pay it back clearly at one time.

Summary. Dear, these two are not the same.

Bill installment refers to the payment of arrears that occur within a certain period of time or the arrears incurred in the purchase of a certain kind of goods.

Accounting installment refers to the re-planning of the debt incurred due to a certain behavior and the settlement of the debt by installment.

Is account installment + bill installment the same?

Dear, these two are not the same. Bill installment refers to the payment of arrears in a certain period of time or the purchase of a certain kind of goods. The amortization of accounts refers to the re-planning of debts incurred due to certain acts, and the settlement of such judgmental debts by installments.

In other words, one is for bills, such as installment of someone's bill for the month of May or installment of someone's bill for the purchase of something. The target of bill installment is more detailed. And the account installment is for example, a certain Naijian person borrowed money from another person because he wanted to buy something.

Now it is necessary to re-installment all arrears from the beginning to the end, and the target of this method of dividing the period of prosperity and drought is more comprehensive.

When we use a credit card to spend a large amount and there is no way to repay the full amount at once, we generally consider repaying the loan in installments. And nowadays, the installment business is also being accepted by more and more people, especially young people. Consumption installment and bill installment are the two businesses with the largest number of people, but many people still can't tell the difference between the two.

Let's give you a science popularization!

There is a difference between consumption installment and bill installment

Consumption installment is an installment service carried out by the bank for a single consumption of customers, and consumption installment generally requires the consumption amount to reach a certain standard before applying to the bank, and the installment fee will be charged by the bank on a monthly basis, and the remaining unpaid handling fee can be waived when the customer repays in advance.

Bill installment refers to the bank's entire repayment bill for installment service, bill installment also requires the customer's consumption amount to reach a certain standard before applying to the bank, the handling fee of bill installment usually needs to be paid in a lump sum, even if the customer repays the excess handling fee in advance, it will not be refunded. In addition, the instalment amount of some banks can only reach 90% of the total bill, and the remaining 10% needs to be repaid in a lump sum.

Which is more affordable, consumption installment and bill installment?

The biggest difference between bill installment and consumption installment is that the handling fee is charged, we take China Merchants Bank consumption of 1000 yuan as an example, and use the bill in 12 installments to calculate the one-time payment to 72 yuan, if the consumption installment payment is adopted, the user needs to pay the total amount of the monthly handling fee is 70 yuan. In this way, although there is only a gap of 2 yuan, if the customer makes a large amount of multi-installment consumption, the consumption installment not only eliminates the pressure of one-time payment of handling fees, but also leaves a large amount of handling expenses.

Regardless of the type of credit card installment, you generally need to bear a certain installment handling fee, and the credit card installment fee is converted into the actual annual expected annualized interest rate, which is higher than the expected annual annualized interest rate of general consumer loans, so if there is no special need, try to avoid installment repayment. In addition, once a credit card instalment is processed, the instalment cannot be changed, and early repayment is not cost-effective as the paid handling fee is usually non-refundable.