You need to call our credit card customer service hotline to apply for prepayment. After the application is approved, you must pay off the outstanding installment payment and the remaining unpaid handling fee in one lump sum, and the collected installment handling fee will not be refunded.
According to the announcement of China Merchants Bank Credit Card Center in official website, the handling fee for each installment of China Merchants Bank credit card bill = total installment amount × handling fee rate for each installment. The total installment principal is amortized on a monthly basis, and the balance is included in the last installment, and the installment amount and the handling fee for each installment are also recorded. Therefore, if the installment is ended ahead of schedule, there should be no installment fee for the installment that has not been returned afterwards.
Extended data credit cards can be repaid in advance at the counter, online banking or self-service equipment. If you want to pay in advance, you can deposit the money in your credit card. On the repayment date, the credit card will automatically deduct the money.
But credit card prepayment is not recommended. Because the credit card has an interest-free period, you don't have to pay interest on the overdraft when you repay it during the interest-free period (that is, before the repayment date). During this period, it is entirely possible to use the money in your hand to gain income, which is much more cost-effective than prepayment.
Baidu encyclopedia-advance payment
China merchants bank official website-repayment installment