The application for credit card deferment shall be made in accordance with the relevant provisions of the Credit Card Redemption Agreement signed between the cardholder and the issuing bank. Depending on the credit card issuing bank, the rules and application process for deferred payments may vary. Here are some general application processes and considerations for your reference:
The issuing bank will review the supporting materials provided by the cardholder and make a decision on whether to agree to the postponement of repayment based on the review results. If agreed, the bank will adjust the cardholder's bill accordingly according to the amount and timing of the cardholder's application for deferred repayment.
2. Precautions.
1.Confirm whether you are eligible for a deferred repayment period.
Different banks may have different rules and conditions for deferral, so cardholders need to confirm that they meet the relevant conditions before applying for a deferment. If the conditions are not met, the bank may reject the application for a deferral of repayment.
2.Avoid late payments.
While deferred repayment can help cardholders solve short-term financial problems, relying on deferred repayment for a long time may lead to late repayment for cardholders. Therefore, cardholders should try their best to avoid late payments.
3.Plan your finances wisely.
Deferred repayment is only a temporary solution to the funding problem, not a long-term solution. Therefore, cardholders should plan their personal finances reasonably and make a reasonable spending plan and savings plan to avoid the situation of not being able to repay on time.