Credit card installment payment means that when the cardholder uses the credit card to make large purchases, the card issuing bank pays the merchant the consumption funds of the goods (or services) purchased by the cardholder at one time, and according to the cardholder’s application, the consumption funds are passed in installments The cardholder’s credit card account is deducted, and the cardholder performs the business of repayment according to the monthly credited amount. In the past, credit card installments mainly included bill installments and single consumption installments. Banks usually charge corresponding handling fees based on the number of installments. Whether it is bill installment or single consumption installment, the premise is that the consumer behavior is generated first, and then the bank sets the installment repayment of the generated credit loan.
