What does the special credit card installment limit mean?

Credit card special installment quota is a large installment business provided by banks for credit card users. For example, the credit card installment quota provided by China Construction Bank is to meet customers' consumption demand for household durable goods, automobiles, home improvement, travel and study. Usually, only the high-quality credit card holders of the bank have the opportunity to obtain the special installment payment limit of credit cards. Credit card installment amount usually does not occupy the credit limit of credit card.

Although the special installment line and the credit line of the credit card are independent of each other, the special credit line does not occupy the credit line, but the special credit line is essentially related to the credit card. Special credit line means that banks issue credit loans to high-quality cardholders in the form of credit cards. Usually, only cardholders with good card habits and good qualifications have the opportunity to receive the invitation of the bank's special installment quota.

Although the credit card line does not occupy the credit limit, it is also on the credit card. If users use the credit card line, they must pay attention to repayment on time. Some banks' credit card special lines directly repay the credit card account, while others need to return to the special line bill independently. Therefore, the cardholder must specify the repayment method of the special installment limit, so as to avoid accidentally causing overdue and a series of adverse consequences.

To sum up, credit card installment quota is a large installment payment service provided by banks for high-quality credit card users. As long as some high-quality credit card holders have the opportunity to obtain the special installment payment quota of credit cards, this quota is usually separated from the credit card quota and belongs to the independent quota provided by banks, but it still belongs to the credit card business in essence. After using the credit card special installment limit, the cardholder needs to repay the loan on time according to the regulations of the bank to avoid the adverse effects caused by overdue.

Is the installment exclusive quota the same as the total amount?

The installment exclusive quota is different from the total amount. The installment exclusive quota is an independent quota, and users give priority to the installment exclusive quota when handling the installment. Only when the exclusive quota is used up can the total amount be used in stages. The total amount is the total credit line given by the system, that is, the maximum single consumption limit of the user, and the single consumption shall not exceed this amount.

Generally speaking, the credit installment exclusive quota will be less than the total amount, and some users with excellent credit will have a larger installment exclusive quota.