How to apply for CITIC Bank credit card installment?
To apply for CITIC Bank credit card installment, the method is as follows:
1. WeChat application: Follow the CITIC Bank credit card WeChat service account and click "Card Application/Instalment" - "Bill Installment" can be used. (Honor 50MagicUI4.2; WeChat 8.0.16)
2. Telephone application: Call the credit card customer service of China CITIC Bank, press 1 in Mandarin and # in Mandarin to enter the main menu, select 0 to enter or ID number to enter manual service. Inform the application amount and period, and the customer service specialist will inform the application result after system review
3. Online banking application: Log in to online banking, enter the credit card page, select "My Account", and click "Bill Inquiry for this Period" - "Choose Card". Click Apply for Bill Installment, select the number of installments, and confirm submission. (Honor 50MagicUI4.2; China CITIC Bank 7.5.3)
4. SMS application: After the customer receives the invitation application message from our bank after the bill is issued, the customer sends FQ plus the last four digits of the card to 106980095558, and the system The results can be informed immediately.
What is installment payment?
Pay by Installments refers to paying off the debt in multiple installments in one transaction. Installment payments can be divided into two types: interest-bearing installments and interest-free installments. Interest-bearing installments usually repay the interest first and then the principal, and the total payment is usually much higher than the actual transaction price, while interest-free installments do not accrue interest. Usually merchants or banks promote consumers' consumption behavior through interest-free installment payments. For interest-bearing installments, there may be a penalty if repaid early.
Calculation method:
Basic calculation: Using sequence knowledge, there is an installment formula: x=a(1p)^m[(1p)^m/n-1]/[( 1p)^m-1]
Where is the principal of a, p is the monthly interest rate, m number of months, n times. x is the amount of each payment. Generally, m=n
Then the interest paid should be: mx-a
Instalment credit card
For example, a mortgage of 70,000 yuan for 5 years. At this time, a=70000, p=0.oo8m=60n =60 is substituted to get
Compound interest: The interest of the current period is included in the principal of the next period, that is, the sum of the principal and interest of the previous period is used as the basis for calculating interest in each period.
Mathematical calculations:
Using sequence knowledge, there is an installment formula: x=a(1p)^m[(1p)^m/n-1]/[(1p)^ m-1]
Where is the principal of a, p is the monthly interest rate, m number of months, n times. x is the amount of each payment. Generally, m=n
then pay The interest should be: mx-a
For example, a mortgage of 70,000 yuan for 5 years. At this time, a=70,000, p=0.oo8m=60n=60, and x=1473.55
Pay interest 60×1473.55-70000=18413.2
Simple interest: The interest is calculated based on the initial principal in each period, and the interest in each period is not included in the principal of the next period. Simple interest repayment methods are divided into equal principal repayment methods and equal principal and interest repayment methods.
1. The equal-amount principal repayment method (referred to as the equal-amount method): also known as the decreasing method, because the home buyer repays the same loan principal every month, and each time the loan is repaid, the next loan interest will vary. As the principal decreases, the loan principal and interest repayment decreases period by period. The monthly principal of this method is the same, with the highest repayment amount in the first month and decreasing monthly thereafter.
2. Equal-amount principal and interest repayment method (referred to as the equal-amount principal and interest method): The total monthly principal plus interest is fixed. The loan principal and interest are evenly divided into several equal parts according to the loan term, and the principal and interest are repaid every month. The totals are the same.
This method makes it easier for home buyers to plan their funds;
How to apply for installments with CITIC Credit Card
1. Call the customer service number of the CITIC Bank Credit Card Center, and after being transferred to manual customer service, follow the staff’s prompts Select the number of installments or the amount to apply;
2. Go to the official website of China CITIC Bank Credit Card with your browser, and then click "My Account" → My Bill Inquiry → Current Bill Inquiry → Select the card and click After handling the bill installment, set the number of installments you want and submit the application;
3. Follow the CITIC Bank Credit Card WeChat official account on WeChat. After entering the official account, click "Service Hall", and then borrow money Select the installment type in the installment column, such as bill installment, appointment installment, etc., then fill in the relevant information according to the jump page, and then submit the application after completing the follow-up process;
4. The card host’s valid ID and Go to the bank counter to apply for the card.
Credit card bill installment payment is one type of credit card installment payment. This type of installment payment means that the credit card holder requests the credit card center to return the consumption amount to the bank in installments after using the credit card to swipe the card.
Credit card bill installment payment is the simplest method of installment payment. You only need to call the bank's credit card center or log in to personal online banking to apply between the time the card payment is credited and the due date of repayment. You can pay in installments, and generally you can get approval as long as you have no bad personal credit history.
The minimum repayment amount is the minimum amount that needs to be repaid in the current month when using revolving credit. The minimum repayment amount is listed on the current bill. The minimum repayment amount for each period is calculated as: Minimum repayment amount = 10 All general transactions on the credit card account 100 Amount of all outstanding installment transactions in the account in a single period 100 The unpaid portion of the minimum repayment amount in the previous period 100 Exceeds the account credit limit 100 fee and 100 interest on all funds used.
Bill installments can generally be applied for by calling the customer service center or telephone banking of the card-issuing bank. ICBC cardholders can apply for installment payment at any ICBC branch, ICBC online banking, telephone banking and mobile banking. China Merchants Bank can apply for installment payment at Apply for the bank's online banking. Relevant personnel from China Construction Bank reminded cardholders that although various banks have launched bill installment payments, it does not mean that every cardholder can pay in installments through credit cards.
Banks generally evaluate the credit status of cardholders based on their credit limit, credit history of cardholder purchases, etc. Only when the evaluation is passed can the cardholder successfully make installment payments; if the evaluation results are not satisfactory, the bank may reject the cardholder's installment application, or may not be able to grant the cardholder the installment payment amount he wants. Cardholders can apply for installment by phone after fully considering their own financial situation.
The minimum consumption amount applied for installment by various banks is basically between 500 and 1,500 yuan, including 600 yuan for ICBC, 1,000 yuan for China Construction Bank, Bank of China, and China Merchants Bank, and 1,500 yuan for Bank of Communications (Y-power card) (single transaction amount is 500 yuan), CITIC is 1,200 yuan, while Agricultural Bank of China and China Guangfa Bank stipulate that single transaction amount of 500 yuan or more can apply for installment. Everbright Bank has no requirement on the amount. As long as the cardholder uses the designated card, the bill will be automatically divided into 12 installments.
How to pay in installments with CITIC Bank credit cards
CITIC Bank credit cards cannot be paid in installments.
Relevant regulations for CITIC Bank credit cards:
1. The merchant will submit the payment slip or cash withdrawal slip signed by the cardholder to the acquiring bank, and settle the account with the acquiring bank to recover the advanced funds.
2. Through the electronic payment network established by the bank and the magnetic stripe reading and manual password input of the card, cardholders can realize card consumption, ATM cash withdrawal, transfer, various payment and other functions. The charge made by the card is equal to the reduction in the balance in the savings account. The account balance is zero and the card's payment function is reduced to zero. Applying for a debit card is very simple and does not require bank approval. Generally, it can be applied and withdrawn immediately.
3. Go to any bank branch with your valid ID. A current account must be opened first. The account balance must not be less than 10 yuan. Accounts that do not draw money based on seals.
Accounts that are not reported lost or frozen, and the account status is normal.
4. Debit card fees mainly include annual fees, small account management fees, loss reporting fees, new card processing fees, cash withdrawal fees (including local inter-bank, non-local inter-bank, non-local inter-bank, overseas ATM, Hong Kong and Macao regions) , transfer fees (including non-local bank, non-local inter-bank, local inter-bank, and overseas wire transfer), online banking transfer fees (including non-local local bank, non-local inter-bank, local inter-bank, and overseas remittance).
5. A consumer service tool provided to savers. In shopping malls, hotels, entertainment venues, public service venues, etc. that already have POS terminals on the bank card network, debit card users can use their accounts to make purchases without using cash.
User consumption and payment There is no limit on the amount and no handling fees. But the account cannot be overdrawn. In addition, Savings has also launched a mobile phone payment service and a phone wallet payment service. Payment is easy and flexible. Payment can be made anytime, anywhere 24 hours a day, which is more convenient.
Therefore, CITIC Bank credit card cannot be paid in installments.
Extended information
Functions of CITIC Bank credit cards:
1. Gathering function
General accounts guide the gathering of many dispersed small amounts of funds Become a capital function that can be invested in social reproduction. Here, the stock market plays the role of a "reservoir" of funds.
2. Allocation function
The allocation of resources, general accounts transfer resources from low-efficiency utilization departments to high-efficiency departments, so that the economic resources of a society can be most effective Allocate resources to the most efficient or most effective uses to achieve rational allocation and effective utilization of scarce resources.
3. Adjustment function
The adjustment effect of personal accounts on the macro economy. The stock market connects savers on one side and investors on the other. The operating mechanism of the stock market works by affecting savers and investors.