1. Minimum repayment amount with high interest. "Minimum repayment amount" refers to the minimum repayment amount stipulated by the issuing bank when the cardholder cannot repay all the due payables. The general minimum repayment amount is 10% of the consumption amount and other payables. When the repayment period is not full, cardholders who enjoy the minimum repayment amount will be charged high interest by the bank. Cold anatomy of the minimum repayment amount: the expected annualized interest rate of the "minimum repayment amount" is as high as 18%, which is the highest among all types of installment business. The setting of the minimum repayment amount of the bank can help cardholders who can't repay on time to a certain extent, but in essence, the repayment amount is divided into two stages, one is to repay a small part of the minimum repayment amount on the last repayment date, and the other is to pay off the remaining debts on the next bill repayment date. Consumers are advised to avoid choosing the minimum repayment amount when they can't afford it. It's easy to cancel the automatic installment bid. "Automatic installment" is a special setting of credit card limit. As long as the credit card consumption in each period reaches the agreed amount, the bank will automatically regard this business as an installment business. Some consumers click automatic installment when they apply for a card, and even if the online shopping cost is 10 yuan, it will be automatically paid by the bank. Needless to say, the automatic installment business needs to bear a high rate. Interest-free loans are really expensive. In many preferential activities of the bank, interest-free loans will be provided. Its essence is to promote installment payment to cardholders, but the tool has become a cash limit, and the rate is often higher than the ordinary installment payment fee. The reason is that the investment of consumer funds in this installment business is uncertain and the risk is higher than that in the traditional installment business, so the handling fee is slightly higher. In fact, high-quality credit card customers can indeed enjoy interest-free loan lines, but it has become a high handling fee in disguise. The installment payment method adopted by banks can be divided into 6 to 24 installments. Although the number of installments is different, the handling fee for each installment is based on calculation. The expected annualized interest rate that the cardholder really has to pay is 16.22%. 4. prepayment still can't escape the handling fee. Most banks stipulate in the installment payment service terms that if the cardholder applies to pay off the outstanding installment balance in advance, the cardholder must pay off the outstanding installment balance and handling fee in one lump sum after the approval of our bank. Such prepayment is obviously meaningless.