Is it true that Bank of Guiyang has launched a 30% discount installment?

Is it true that Bank of Guiyang has launched a 30% discount installment. According to the query of relevant information, Guiyang Bank’s installment activities are based on card consumption (excluding cash withdrawals and fees) before the statement date (the 2nd of each month). For each installment application for consumption, each cardholder’s exclusive installment discount is different. , with a minimum discount of 40% off. To inquire about the installment discount, you can check it on the Guiyang Bank Credit Card WeChat official account.

Can I pay in installments after purchasing a house with a Guiyang Bank credit card?

Can I pay in installments after purchasing a house with a Guiyang Bank credit card? But the handling fee will not be cheap.

Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder, and then allows the cardholder to pay in installments The process of repaying money to the bank. The bank will deduct the consumption funds in installments from the cardholder's credit card account based on the cardholder's application, and the cardholder will repay according to the monthly credit amount.

In general, the one-year credit card installment fee is lower than the one-year cash withdrawal interest of 18, and higher than the bank's one-year commercial loan interest of 5.31. It is worth mentioning that commercial bank loan interest rates have been reduced several times since last year, but the standards for credit card installment fees and cash withdrawal interest have rarely changed. Although the standards for credit card installment fees vary from bank to bank, the calculation method is roughly the same.

Assume that the installment amount is 1,200 yuan, divided into 12 installments, with each installment (month) repayment of 100 yuan, the handling fee is 0.6/month, and the actual monthly deduction is 100 1200 × 0.6 = 107.2 yuan. If other factors are not considered, the convertible nominal annual interest rate is 7.2. However, the cardholder does not always owe the bank 1,200 yuan. In the last month, he actually only owed the bank 100 yuan, but the bank still charged a handling fee of 1,200 yuan. According to calculations, the true annual interest rate paid by cardholders is approximately 15.48.

Can the Bank of Guiyang Qianxiu Card be used for more than one year?

The Bank of Guiyang Qianxiu Card can be used for more than one year. According to the relevant information, Guiyang Bank's credit card is overdue for one year, and interest-free installments can be negotiated.

What is the special installment fee for Guiyang Bank’s credit card?

The Guiyang Bank credit card installment rate is quite high, and the interest and handling fees add up to about 1.5 cents.

That’s it for the introduction of Guiyang Bank’s credit card installment plan.