The first is the problem of the credit card itself, such as insufficient limit, abnormal status, expired or cancelled, risk control or freezing, etc.;The second is the issue of quota, if the amount of installments (such as 4000) is less than the minimum installment amount (5000);The third is product restrictions, and the funds are not included in the installment matters, such as annual fees, revolving interest, installment principal, liquidated damages, overdue amounts, transfer transactions, ** trading, etc.
Credit card installment is a convenient payment method that can help cardholders spread large purchases over a repayment period of several months, reducing the stress of making a one-time payment. However, sometimes cardholders will encounter the situation that the credit card cannot be processed for installment, which may cause some confusion to the cardholder.
So, what is the reason why credit cards can't be processed in installments?
1.The credit card credit card is not available enough.
The available limit of the credit card is based on the comprehensive evaluation of the cardholder's credit status, credit card rating and consumption history, etc., if the cardholder's available limit has been exhausted, then the credit card installment can no longer be processed.
2.The credit card instalment amount is insufficient.
There is a minimum amount required for credit card installment, and if the cardholder wants to installment less than the minimum amount, then the installment will not be successful.
3.The credit card status is not normal.
If the cardholder's credit card status is abnormal, such as being frozen or stopped by the bank due to overdue, cash-out, etc., then the credit card installment can no longer be processed.
4.The number of staging times is exceeded.
Different credit card brands and banks have different restrictions on the number of installments, and if the cardholder has reached the limit of installments stipulated by the bank, then they cannot apply for installments.
5.The credit card has expired or been cancelled.
If the cardholder's credit card has expired or been cancelled, then the card can no longer be used for instalments.
6.The credit card transaction amount is insufficient.
If the cardholder's credit card transaction amount has reached the limit for the current day or month, the card can no longer be used for transactions, including installments.
7.The credit card is subject to risk control or frozen.
If the cardholder's credit card is controlled or frozen by the bank, then the installment can no longer be processed. This is because the bank will conduct risk assessment and management of the credit card based on factors such as the cardholder's usage history and credit status, and if the cardholder is deemed by the bank to be in risk or irregular, the cardholder will be restricted from using certain functions of the credit card or the account will be frozen.
The above are some of the common reasons why the credit card cannot be processed for installment, if the cardholder encounters the situation of not being able to apply for the installment, they can check the above reasons for better solving the problem. At the same time, cardholders are advised to pay attention to the regulations and requirements when using credit cards, and maintain good credit records and consumption Xi to avoid unnecessary troubles such as failure to apply for installments.