credit card installment payment can be roughly divided into three categories:
1. First, swipe your card and then call the customer service hotline of the head office of the issuing bank to apply for ordinary installment. This business is generally divided into 3 months, 6 months, 9 months, 12 months, 8 months and 24 months. Some banks have 36 months and some banks only have 12 months. The cardholder needs to pay the repayment amount of the current month and all the handling fees in one lump sum on the first repayment date below. The handling fee is about 4% to 1%, and the regulations vary from bank to bank. Please pay attention to the inquiry.
2. Pay by installment at the merchant's place, and the formalities shall be borne by the merchant. Please consult for specific questions.
3. Large installment payment, such as car purchase, house decoration, etc., is generally 12 months, 24 months, 36 months, and the handling fee is about 4%, 8%, and 12%. It is also a one-time payment of the monthly repayment amount and all the handling fees on the first repayment date below. But you need to apply in advance.
Extended information:
For example, China Merchants Bank's credit card bill installment charging standard: China Merchants Bank provides cardholders with a variety of installment numbers, including 2, 3, 6, 1, 12, 18 and 24, and the corresponding fee rates for each installment are 1,%, ,9%, ,75% and , respectively.
To apply for installment for unbilled transactions, only 2, 3, 6, 1 and 12 installments are available at present. The second phase can only be applied through China Merchants Bank's mobile banking and pocket life channels.
handling fee per installment = total installment amount × handling fee rate per installment. The total amount of installment principal is amortized on a monthly basis, and the remainder is included in the last installment. The installment amount of each period and the handling fee of each period are recorded at the same time.
Taking China Construction Bank as an example, we are currently launching a 2% discount on the installment fee rate of credit cards. Similarly, from the perspective of installment 6 and installment 24, the benchmark rate for installment 6 is .7%, .56% after preferential treatment, .62% for installment 24 and .5% after preferential treatment, which is also quite attractive.
There is a standard that the number of credit card installments can be divided into fewer periods at most, and there are several simple installment businesses;
1. Ordinary staging;
the general installment business of credit cards is generally divided into 3 months, 6 months, 9 months, 12 months, 18 months and 24 months. Some banks have 36 months, while others have only 12 months. You need to pay the monthly repayment amount and all the handling fees in one lump sum on the next repayment date. The handling fee is about 4% to 1%, and the regulations vary from bank to bank. Please pay attention to the inquiry.
2. Pay by installment at the merchant; Generally, such a credit card needs to pay a certain handling fee in stages, which is about 36 months.
3. Large installment payment;
Large-sum installment is generally used for car purchase, house decoration, etc. The installment times are generally 12 months, 24 months and 36 months, and the handling fees are about 4%, 8% and 12%. Generally, the repayment amount of the current month and all the handling fees will be paid in one lump sum on the next repayment date.