For a single credit card spending of more than RMB 1 0,000, you can apply for installment, and you can apply for installment 3, 6 and 12, with handling fees of 0.7%, 0.6% and 0.6% respectively, and no interest is charged.

2. Withdrawal of interest by CCB credit card

CCB pays interest in addition to the handling fee and does not enjoy interest-free treatment. Cash interest will be charged from the date when you overdraw, with a daily interest rate of 0.05% and compound interest on a monthly basis.

3. How to calculate the credit card interest of CCB?

If you don't repay in full before the final repayment date (inclusive), then all the consumption on your current bill will no longer enjoy the interest-free period. From the date of consumption, interest will be charged at the rate of five ten thousandths per day for each consumption. So how much interest you earn in CCB depends on your consumption date.

Extended data

Factors that arouse interest:

1. Delay consumption. When the lender lends money, it is equivalent to delaying the consumption of consumer goods. According to the principle of time preference, consumers will prefer current goods to future goods, so there will be positive interest rates in the free market.

2. Anticipating inflation, inflation will occur in most economies, representing a certain amount of money, and fewer goods can be purchased in the future than at present. So the borrower needs to compensate the lender for the losses during this period.

3. In addition to alternative investments, lenders can choose to invest their funds in other investments. Due to the opportunity cost, the lender lends money, which is equivalent to giving up the possible return on other investments. Borrowers need to compete with other investments for this fund.

4. Investment risk: The borrower faces the risk of bankruptcy, absconding or non-repayment of debts at any time, and the lender needs to charge extra fees to ensure that compensation can still be obtained under these circumstances.

5. Liquidity preference, people will prefer that their funds or resources can be traded immediately at any time, rather than spending time or money to get them back. Interest rate is also a kind of compensation for this.

Baidu Encyclopedia-CCB Credit Card

Baidu encyclopedia-interest