How to pay in installments by credit card

To pay by installments via credit card, customers need to ensure the following conditions: the credit card must be in their name and still active; the credit card must not have a history of late payments; the credit limit balance at the time of installment registration must be equal to or greater than the total amount to be paid in installments.

Here are some ways to pay in installments via credit card:

Installment payment at bank counter

Customers can make installment payments directly at bank transaction counters following these steps:

Step 1: Customers bring cash, identification (ID card/CCCD) and credit card to the nearest transaction office of the bank that issued the card.

Step 2: Ask the transaction staff to complete the installment payment procedure.

Step 3: The staff will check the installment payment information and report the amount to be paid. The customer pays and signs the transaction receipt to complete.

Automatic installment payment

Automatic installment payment via credit card is a feature that automatically deducts money from the payment account of the same bank to pay off the outstanding balance for monthly credit card installments. This feature helps customers save time, preventing cases of forgetting the payment date, leading to unwanted penalties and interest.

To apply for automatic installment payments, the bank card must have an amount equal to or greater than the credit card balance.

How to register for automatic installment debt payment service as follows:

Step 1: Customers bring their ID card/CCCD/passport and credit card to the branch/transaction office of the bank that opened the card.

Step 2: Fill in the information as instructed in the automatic installment payment registration form.

Step 3: Return the application and related documents to the bank staff, pay the fee and wait for the procedure to be completed.

Credit card installment payment via Mobile Banking

Users can make installment payments via credit card on Mobile Banking quickly and conveniently following these steps:

Step 1: Access Mobile Banking, select "Card".

Step 2: Select the credit card that the customer uses to pay in installments

Step 3: Select the transaction that is due for payment and click the “Pay” button.

Step 4: Enter the amount corresponding to the request on the screen > Check the transaction information again > Click "Complete".

Step 5: The application will send an OTP code to the cardholder's phone > Enter the OTP code to authenticate.

Notes when paying by installments via credit card

When paying monthly installments via credit card, customers need to note the following issues to ensure convenient and safe payment:

- Pay on time: The total installment bill will be deducted in advance from the customer's credit card balance. Therefore, customers need to pay their credit card balance on time to avoid late fees and interest.

- Check monthly installment statements: You should check your monthly installment statements to understand the schedule and amount to be paid in the next period, from which you can plan your spending to ensure your ability to pay.

- Can pay in installments early: Customers can pay in installments early but must pay the entire remaining amount on the credit card, cannot pay in part early.

Lagerstroemia (synthesis)

Source