When credit cards are used for turnover, the most difficult thing is the handling fee. Sometimes the installment fee sent by the bank is very low, the lowest is 0.36%, and the monthly fee is 10000 yuan 36 yuan.

By installments, here generally refers to the repayment method of equal principal and interest:

Calculated by 0.36%, the annualized interest is 0.36%* 12=4.32%, so is it really that low?

Matching principal and interest repayment method, the interest is the same, that is, you pay back 10000 yuan in installments, 12 months. The repayment in the first month is: 10000/ 12 = 833.33 principal plus interest, and the principal used in the second month will be 833.33 yuan less.