1. How to use China Merchants Bank’s credit card to make installment payments?
Currently in the credit card installment market, China Merchants Bank, China CITIC Bank, Guangdong Development Bank and Bank of Communications are relatively active. . According to the classification of on-site shopping installments, China Merchants Bank and CITIC should belong to the first type, while Guangfa and Bank of Communications belong to the second type. It is understood that CMB has 21 installment payment merchants nationwide, 11 in the Beijing area, and CITIC has 3 installment payment merchants nationwide. However, the terms are different between the same bank targeting the same merchants or different banks targeting the same merchants. For example, China Merchants Bank's home appliance chain dealers Gome and Dazhong require consumption of 1,500 to 50,000 yuan to be paid in 6 interest-free installments, while 12 installments require payment of 2.5%, while the latter requires consumption of 2,000 yuan. You can make 3 interest-free installments up to 50,000 yuan, but you will have to pay a handling fee of 1.5% for 6 installments, and a handling fee of 2.5% for 12 installments. CMB customers’ consumption in Gome is as mentioned above, while CITIC customers’ consumption in Gome requires: if the price of a single product exceeds 1,500 yuan, you can choose to pay in 3 installments; if the price of a single product exceeds 3,000 yuan, you can choose to pay in 3 or 6 installments; If the price of a product exceeds RMB 6,000, you can freely choose to pay in 3, 6 or 12 installments; zero interest and zero down payment. Therefore, when customers use installment payments, they must not only choose a bank card, but also carefully consider between merchants based on their own circumstances. If calculated based on the 12-month installment plan that most people choose, the total handling fee of China Merchants Bank will be 3% × the total price of the product. In addition, China Merchants Bank also has an installment method for purchasing notebooks from non-special merchants. As long as your credit rating is sufficient, As long as you apply for installment repayment from China Merchants Bank after swiping your card to purchase the notebook, if it is divided into 3 installments, you need to pay a handling fee of: 2.6% × the total price of the product; if it is divided into 6 installments, you need to pay: 4.2% × total product price If it is divided into 12 installments, you need to pay: 7.2% × the total price of the product as a handling fee.
2. Can China Merchants Credit Card be repaid in installments?
It is possible to repay in installments. There are many installment methods for CMB credit cards: 1. Shopping mall installment, that is, bring your credit card and ID card to a merchant that has an installment agreement with CMB to pay the installment directly. After successful repayment of the first installment, the handling fee corresponding to the number of installments will be paid. Just pay off the monthly installment in a single installment. For example, go to Suning Appliance Shopping Mall to buy a product with a total price of 2,400 yuan in installments. If you buy it in 6 installments, and the handling fee is assumed to be 3% (according to what the mall announces), then you need to repay 2,400 ÷ 62,400 × 3% = 472 yuan in the first installment. After that, I paid 400 yuan every month for five consecutive months. 2. Go to the credit card mall on the official website of China Merchants Bank to directly purchase online installments. Then there will be no additional handling fees and shipping charges for the single installment. For example, for goods marked as 400×6 installments in the mall, place an order directly online. After confirmation, there will be 6 consecutive installments. Just pay 400 yuan per month. Within the first month of successful ordering, China Merchants Bank will directly deliver the goods to you. 3. If none of the above methods work, and you go to a merchant that does not support installment payments and only supports credit card purchases, and then want to apply for installments after a one-time card transaction, you can use the "Bill Installment" function of China Merchants Bank's credit card, that is, you can use the "Bill Installment" function of a certain month. For the portion of the total bill amount that is up to 90% and does not exceed 80% of the fixed amount, the application is divided into 3, 6, or 12 installments, and the corresponding handling fee of 2.6%, 4.2%, or 7.2% is borne. The same is charged in the first installment. , and then just repay the single installment for multiple consecutive months. For example: the total amount of the bill for this month is 4040 yuan, and you apply for bill installment and repay it in 12 installments, then you must repay 4040×10%4040×90%÷124040x90%×7.2%=968.79 yuan in the first month, of which the handling fee It was 261.79 yuan, and then the monthly payment was 303 yuan for eleven consecutive months. The specific interest rate for China Merchants Bank credit card installment repayment needs to be determined based on the number of installments. Under normal circumstances, you can choose bill installments in 3, 6, or 12 installments. There is no interest in the bill installments, and the corresponding handling rates are 0.26%, 0.42%, and 0.72%. Calculation method for the handling fee for installment payment of China Merchants Bank credit card bill: 1. If you do not swipe your card at a designated merchant or go to a credit card mall for consumption, this consumption is bill installment. Apply for 3, 6 or 12 installments, and you will be responsible for the corresponding The handling fee is 2.6%, 4.2% or 7.2%. 2. Just repay the single installment for multiple consecutive months after the initial installment is collected.
China Merchants Bank provides cardholders with personalized options of 2, 3, 6, 10, 12, 18 and 24 periods. The corresponding handling fee rates for each period are 1.0%, 0.9%, 0.75%, 0.7%, 0.66%, 0.68%, 0.68%. 3. Apply for installments for transactions that have not been billed. Currently, only 2, 3, 6, 10 and 12 installments are available. 4. Handling fee per period = total installment amount × handling fee rate per period. The total principal amount of the installment is amortized evenly on a monthly basis, and the remainder is included in the last installment. The installment amount of each installment and the handling fee of each installment are recorded at the same time.
3. Can the money from the China Merchants Bank credit card cash installment loan be withdrawn at once?
Cash installment is a business that provides eligible cardholders with cash withdrawals and repayment in installments. , the loan will be released within 18 hours after successful application, and the money will be transferred to the CMB All-in-one Card in your name and other bank debit cards supported by CMB.