My credit card of China Merchants Bank has spent 5 yuan this month. I don't know whether it's better to pay it in three installments or at most 2 yuan a month. It's all paid off in three months, which is more expensive? Hello, 5 yuan is divided into three installments

The principal of each installment is 1666.67 yuan

The handling fee of each installment is 45 yuan

The total repayment amount of each installment is 1711.67 yuan

If it is 2 yuan, because it is not the full repayment, it can only be calculated according to the minimum repayment amount, which will generate cyclic interest, and all the consumption in the current period will be calculated from the bookkeeping date (.

Examples of revolving interest:

● If your billing date is 5th of each month and the due repayment date is 23rd of each month;

● The current bill printed for you by the bank on April 5th includes all your transaction accounts from March 5th to April 5th;

● suppose that you only have one consumption in the current bill, and the consumption amount is RMB 1,, and the merchant's request time is March 3th;

● Your bill for the current period is printed with the "payable amount in this period" of RMB 1, yuan and the "minimum repayment amount" of RMB 1, yuan;

● In different situations, your circulating interest is as follows: ① If you pay off ￥1, in full before April 23rd, the circulating interest will be in the statement on May 5th; ② If you only pay the minimum repayment amount of ￥1 yuan on April 23rd, the circulating interest on the statement on May 5th will be ￥17.85, which is calculated as follows: 1 yuan ×.5%×24 days (March 3th to April 22nd) +(1-1) ×.5%×13 days (April 22nd).

if you have any questions, you can add QQ customer service 4825555 for detailed consultation.