Is it cost-effective to use credit card installment or credit card machine?
Let's consider it from two angles.
1, cost:
The credit card installment rate is between ~ and different banks have different rates, but the actual annual interest rate exceeds 15%. Since the cost change in 1996, the upper limit of the rate has been cancelled. If the standard rate is a credit card machine of a third-party payment company, a handling fee of about 3~ 10 yuan will be added for each transaction.
Credit card consumption 1000 yuan, repaid in six installments, and the handling fee of each installment is paid off in full, which requires 27 yuan handling fee. 6 yuan 1 ,000 yuan will be charged if the repayment is made in reverse with a credit card machine. Even if the payment company charges an extra 10 yuan, it will not exceed 20 yuan. In contrast, credit card machines are more cost-effective.
2. Risk control:
Credit card installment is recognized by the bank and can contribute to the bank. As long as it is not frequently staged, it is basically difficult to be controlled by the wind. It is different to reverse the card with a credit card machine. This is to use credit cards to make false transactions to get cash. Once the bank finds abnormal transactions, it will immediately take control, reduce the amount and seal the card. For this reason, you will know which one is cost-effective and which one is not.
In short, when we use a credit card, besides considering the cost, it is important to choose a method that will enable us to use the card for a long time. Although the cost will be higher, as long as the credit card can be used normally, we will earn the money back sooner or later.