How to charge installment interest for Bank of Communications credit card?

Bank of Communications does not charge installment interest, but only charges surgery fees.

Transportation credit card installment does not charge interest, but charges a handling fee. Installment fees are calculated on a monthly basis. Bank of Communications credit card holders can apply for installments after issuing bills. Applying for installments will incur corresponding handling fees based on the number of installments applied for. The handling fees are based on the amount of the installments, and the interest rates will be different for different installments. However, Bank of Communications' credit card installment fee is special. It is fixed at 0.72 per installment no matter how many installments it is.

The installment handling fee is based on the converted installment amount and is calculated on a monthly basis at a rate standard of 0.72/month. When you shop at the Bank of Communications Credit Card Points Paradise, you can choose to pay for the purchased goods in installments. All goods are interest-free and handling fee-free in installments. You only need to select the installment payment method on the payment page, and there is no need to go through additional installment procedures. Quick and convenient.

In addition, Bank of Communications credit cards also provide credit card installment services such as shopping mall installment, installment treasure, and mail-order installment. The installment fee is 0.50-0.93/month (the one-time payment fee is the principal monthly installment fee) rate installment number).

How to calculate the installment fee for Bank of Communications credit card?

Transportation Credit Card Installment Fees

(1) Bottom line of installment amount: single credit card consumption of 1,500 RMB and above, Y-power card single credit card consumption of 500 RMB and above.

(2) Handling fee collection method: payment per installment

(3) Early repayment regulations: If you apply to end the installment payment early, you must pay it in one lump sum on the next repayment date Return all the remaining principal and handling fees; if you apply to end the installment payment early due to a return, you need to return all the remaining principal in one go on the next repayment date. The handling fees for each installment that have been paid will not be refunded, and The return purchase receipt must be provided as proof and approved by our customer service center.

(4) Application method: Call 4008009888 to apply on the website

(5) Application time: 2 days after the transaction date to 3 days after the due repayment.

Bank of Communications credit card installment interest standards:

Monthly rate for transaction amount between 1,500 (inclusive) and 6,500.

Monthly rate for transaction amount between 6,500 (inclusive) and 12,500.

Monthly rate for transaction amount above 12,500 (inclusive).

(6) Bank of Communications credit card installments: Bank of Communications has six installments: 3, 6, 9, 12, 18, and 24, and the handling rates are all monthly. The current handling fee is only available for a single purchase of 1,500 yuan to use the installment function. Bank of Communications credit card summary

How to calculate credit card installment interest?

Credit card installment payments generally have no interest and only charge a handling fee. Whether there are points depends on the specific installment purchases. For example, there are generally no points for buying a car with a credit card, but there are generally points for paying with a credit card for restaurants and supermarkets. , In addition, banks often have activities that give points when paying bills in installments.

The following are the installment fee standards of several banks:

1. ICBC credit card installment fee: no fee for 3 periods, 1.8 for 6 periods, 2.7 for 9 periods, 3.6 for 12 periods , 18 issues 5.85, 24 issues 15.6. (one-time charge)

2. Agricultural Bank of China credit card installment fee: 0.6 per month (charged every month).

3. Bank of China credit card installment fee: 1.95 for 3 periods, 3.6 for 6 periods, 5.4 for 9 periods, 7.5 for 12 periods, 11.7 for 18 periods, 15 for 24 periods (one-time charge)

4. CCB credit card installment fee: 0.7 for 3 periods, 0.6 for 6 and 12 periods (charged every month).

5. CITIC Bank credit card installment fee: 1.50 for 1 period, 0.826 for 3 periods, 0.82 for 3 periods, 0.77 for 12 periods (charged every month).

6. Pudong Development Bank credit card installment fee: 0.72 for 3 periods, 0.7 for 6 periods, 0.66 for 12 periods (charged every month)

7. China Merchants Bank credit card installment fee: 1.0 for 2 periods , 0.9 for 3 periods, 0.75 for 6 periods, 0.7 for 10 periods, 0.66 for 12 periods, 0.68 for 18 periods, 0.68 for 24 periods (charged every month).

8. Bank of Communications credit card installment fee: 0.72 per month (charged every month).

9. Guangfa Credit Card installment fee: 0.65 for 6th and 12th periods, 0.7 for 18th period, and 0.72 for 24th period (charged every month).

How to calculate the interest on installment payment with Bank of Communications credit card?

This depends on how many installments you have and whether you have installment discounts.

In most cases, different bank credit cards will have different installment interest rates, but this interest rate will be within a reasonable range. If you really don’t know how to calculate the installment interest of a Bank of Communications credit card, you can try to calculate it from 3 installments up to 24 installments. The annualized interest rate for installment payments from all banks cannot be higher than 20, but it is basically around 18.

1. You need to calculate the interest charges and handling fees in installments.

Before you make a transportation credit card installment, you first need to understand two fees. The first fee is the interest fee of the installment. This fee is only related to the time of your installment. In most cases, the 12-month installment fee is the most reasonable because it can help you save more interest. The second fee is the handling fee. The handling fee for three installments of Bank of Communications credit card is 0.93, the fee for six installments is 0.8, and the fee for all subsequent installments is 0.72.

Second, you also need to consider whether there are installment discounts.

Bank of Communications will hold events regularly and also invite specific users to participate in installments. If you want to have these installment discounts, you can directly reduce or reduce the relevant installment rates, which can help you achieve zero service rate installments. This situation is relatively rare. If you have never participated in installment services before, you will have to repay in full every time. In order to further expand its business, banks will send out invitations to users for installment discounts from time to time.

3. You can operate directly on the APP.

In fact, there will be different installment rates under different circumstances, and it is difficult for me to directly tell you the answer to all installments. I suggest you operate directly on the APP. You can try starting from 3 installments, calculate how much total *** you need to repay, and use this amount to divide the principal, so that you can get your real installment interest. Finally, you can choose the installment time that suits you based on your actual situation.

That’s it for the introduction of how to calculate the installment interest of Bank of Communications credit card.