Paying Installments Through Online Credit Cards: A Flexible Financial Solution for Every Need

Online payment methods are becoming increasingly common in everyday life, offering convenience and speed. Keeping pace with this trend, financial institutions and banks have introduced credit card products that meet user needs. The advent of credit card installment purchase services has drawn significant interest from consumers. So, what is buying in installments online entail? Join Shinhan Finance to explore this credit card installment method and the benefits it brings.

What is buying in installments through a credit card?

Buying in installments through an online credit card is a feature that allows you to immediately purchase your favorite products or services without having to pay the full cost upfront. Instead, the purchase amount is divided into smaller payments and paid monthly over flexible installment plans up to 48 months. This helps buyers reduce immediate financial burden and enjoy the benefits of using the product or service without worrying about paying a large amount of money upfront.

Considerations when make installments with credit card

Buying in installments through an online credit card at Shinhan Finance offers many practical benefits:

• Cost savings: Reduce short-term financial pressure with flexible installment terms.
• Increased financial flexibility: Provides quick access to products or services without worrying about full payment upfront.
• Cash usage in emergency situations: Maintains the availability of cash for other urgent needs.

However, buying in installments with a credit card can have disadvantages if not used correctly.

• Not all products or services offer installment payments, and not all are available through credit card installments. Therefore, you should carefully read the installment terms before making a purchase.
• The transaction value of the installment you perform must be less than the credit limit of the card. You should check your credit limit before making a payment.
• Your credit account has been activated and does not violate the policies of the issuing institution.
• Additionally, buyers who pay in installments with a credit card should also be aware of associated fees. Besides interest rates, if any, you may also incur a conversion fee depending on the type of card and the financial institutions involved.

Guide to buying in installments through Shinhan Finance's THE FIRST credit card

Is buying online through a credit card difficult, and how is it done? Shinhan Finance guides you through the steps for online installment purchases with your credit card in the following content, check it out now:

+For 0% interest installment purchase services for goods/services:

Step 1: Customers shop for goods or services at partner brands with transaction values from 3,000,000 VND.

Step 2: Register for installments using the following methods:

• Buying directly at the store: Pay with Shinhan Finance credit card. Then, notify the staff and fill out the installment registration form.
• Online shopping: Choose the 0% interest installment option and pay with the Shinhan Finance credit card.

Step 3: Once the transaction has been successfully converted to an installment, the customer will receive a notification message from Shinhan Finance.

+For cash withdrawal installment services: Case 1: Customers register for installments when creating a cash withdrawal code on iShinhan with a virtual credit card. When customers withdraw money at a VPBank counter with the cash withdrawal code created, the transaction will be automatically registered for installment with the selected term.

Case 2: Customers register for installments after performing a cash withdrawal at an ATM with a physical credit card or at a VPBank counter with a virtual credit card, can be done in 2 ways:

Option 1: Register via the iShinhan app.

• Log in to the iShinhan application and select the credit card.
• Choose "Register for installments"
• Select cash withdrawal transactions and the installment term.
• Check the information and send the registration request.

Option 2: Call the hotline 1900545449 for support.

Once the transaction has been successfully converted to installment, the customer will receive a notification from Shinhan Finance.

Don't let financial worries stop you from fulfilling your desires. Discover now the installment options through Shinhan Finance credit cards to make your shopping plans a reality in the smartest and most cost-effective way. Start your journey of financial flexibility with Shinhan Finance today!

The fastest channels to register for a loan:

• Hotline: 1900 54 54 49 (press 2 – Loan consultation)
• Website Shinhan Finance
• iShinhan financial management application
• Fanpage Shinhan Finance
• Directly at Shinhan Finance transaction counters: See the address details of Shinhan Finance branches.

Sincerely,

Shinhan Finance