How to repay China Merchants Bank credit card in installments
With the popularity of credit cards, installment payment has become the preferred consumption method for many cardholders. China Merchants Bank credit card installment repayment is flexible and diverse, but many users still have questions about the specific operating procedures. This article will introduce in detail the repayment methods, precautions and FAQs of CMB credit card installments to help you easily manage your installment bills.
1. Installment repayment method of China Merchants Bank credit card
CMB credit card installment repayment is mainly achieved through the following four methods:
| Repayment method | Operation path | Arrival time | handling fee |
|---|---|---|---|
| Mobile Banking APP | Log in to APP→Credit Card→Instalment Repayment | real time | None |
| online banking | Personal online banking → credit card services → installment management | real time | None |
| Automatic repayment | Bind debit card → Set up automatic deduction | The repayment date is the same day | None |
| Over the counter repayment | Processing at the counter of China Merchants Bank branch | real time | None |
2. Notes on installment repayment
1.Repayment time: Installment bills need to be paid off before the monthly payment due date. Overdue interest and liquidated damages will accrue.
2.Early repayment: Some installment types support early repayment, but an early repayment fee of 1%-3% of the remaining principal is required.
| Installment type | Early repayment rules | Handling fee |
|---|---|---|
| Bill installment | Need to call customer service to apply | 2% of remaining principal |
| Consumption installment | APP can be operated by yourself | 1.5% of remaining principal |
| cash installment | Need to be settled in full in advance | 3% of remaining principal |
3.minimum repayment: The installment amount will be included in the minimum repayment amount, and the current installment principal must be repaid in full, and no further installments are allowed.
3. Answers to popular installment questions
Q1: When will the quota be restored after installment?
A: Every time an installment is paid off, the corresponding amount will be restored in real time. For example, if the total installment amount is 5,000 yuan, divided into 5 installments, the quota of 1,000 yuan will be restored for every 1,000 yuan repaid.
Q2: How to calculate installment interest?
| Number of installments | Base rate (monthly) | Converted annual interest rate |
|---|---|---|
| Issue 3 | 0.75% | 13.68% |
| 6 issues | 0.70% | 15.16% |
| 12 issues | 0.66% | 16.22% |
Q3: Common reasons for staging failure?
A: ① Insufficient available quota ② There is an overdue record ③ The transaction type does not meet the installment conditions ④ The single amount is less than 300 yuan
4. Installment discounts in 2023
| Activity time | Activity content | How to participate |
|---|---|---|
| Today-12.31 | 30% off on handling fees for 12 installments | APP to receive coupons |
| 10.1-10.31 | Interest-free installment plan for Apple products | Consumption at designated merchants on the official website |
5. Intelligent repayment suggestions
1. For large purchases, it is recommended to choose 3-6 installments to balance handling fees and repayment pressure.
2. For temporary capital turnover, "e-Zhao Loan" cash installment can be used first, and the quota is independently approved.
3. Bind your salary card to set up automatic repayment to avoid overdue effects on your credit report.
Through the above detailed introduction, I believe you have a comprehensive understanding of CMB credit card installment repayment. Reasonable use of the installment function can not only relieve financial pressure, but also accumulate a good credit record. It is recommended to choose a suitable installment plan based on actual needs, and repay on time to enjoy the convenience of credit life.
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