The repayment period negotiated by Bank of Communications may vary depending on the credit card and credit limit. Generally speaking, the negotiated repayment period for Bank of Communications credit cards is up to 5 years, but the specific repayment period still depends on your credit status and the bank's regulations.
First, you'll need to know your credit card and credit limit and determine if you're eligible to negotiate repayments. In general, if you have a stable income** and are able to prove that you can afford to repay, your bank may agree to your negotiated repayment request.
If you decide to negotiate repayment with Bank of Communications, you need to provide relevant supporting materials to the bank, such as proof of income, bank statement, proof of assets, etc. These materials will help the bank understand your financial situation and ability to repay, so that it can better assess your negotiated repayment request.
After submitting the supporting documents, the bank will review your application and give you a response accordingly. If the bank agrees to your negotiated repayment request, you need to repay the loan at the agreed time and in the agreed manner to avoid unnecessary interest and penalties.
It's important to note that negotiating repayment doesn't mean you're free to be overdue or delinquent. If you do not repay on time or break the terms of the agreement, the bank has the right to cancel your negotiated repayment plan and require you to pay off the entire amount owed in one lump sum.
In short, negotiating repayment with Bank of Communications needs to be taken seriously and relevant supporting materials should be prepared. During the negotiation process, you need to be honest, trustworthy and cooperating, so as to get the best repayment plan.