How to calculate the handling fee for credit card installment in Bank of Communications?
calculation formula of credit card installment fee:
fee = installment fee rate of installment principal.
For example, the credit card is divided into 12 installments of 3, yuan, and the handling fee rate is .72%, and the handling fee for each installment is 3,/12.72% 3,/12
Requirements for credit card bill installment application:
1. Time for bill installment application
From the trading day to the repayment date, you can freely choose to installment the transactions under RMB or USD accounts.
for transactions without bills: you can apply for installment from the date of the transaction to 19:3 on the billing date corresponding to the transaction.
for the issued bill, you can apply for installment from the day after the billing date to the due repayment date (for customers with automatic repayment in their accounts, the deadline for application is 17: on the due repayment date).
2. Conditions for applying for bills by installments
Applicants must hold a personal card of a bank credit card, have a good record of using the card and have no delay in current repayment. Customers who only hold business cards, business cards, purchasing cards, ANA guarantee cards or supplementary cards are temporarily unable to apply for bill installment.
3. Application amount for bill installment
For RMB bill installment, the minimum application amount is not less than RMB 3 yuan each time; Apply for US dollar bills in installments, with a minimum application amount of not less than US$ 1 each time. After successful installment of RMB or USD bills, the principal of each installment and the handling fee of each installment are included in the RMB account, that is, the installment amount of USD bills is converted into RMB at the exchange rate specified at the time of application.
how to calculate the installment fee of bank of communications credit card?
installment fee for traffic credit card
(1) Bottom line of installment amount: RMB 1,5 or more for single swipe card and RMB 5 or more for Y-power card.
(2) Handling fee collection method: installment payment
(3) Early repayment regulations: If you apply for early termination of installment payment, you must return all the remaining principal and handling fee in one lump sum on the next repayment date; If you apply for ending the installment payment in advance because of the return of goods, you need to return all the remaining principal in one lump sum on the next repayment date, and the fees paid for each installment will not be refunded, and you must provide the certificate of the return purchase order as proof and be recognized by our customer service center.
(4) application method: telephone 489888 to apply for website application
(5) application time: from 2 days after the trading day to 3 days after the due repayment.
Bank of Communications credit card installment interest standard:
Monthly rate with transaction amount of 15 (inclusive) -65.
the monthly rate for the transaction amount is 65 (inclusive) -125.
the monthly rate for the transaction amount above 12,5 (inclusive).
(6) Bank of Communications credit card installment number: Bank of Communications has six installment numbers, namely, 3, 6, 9, 12, 18 and 24, and the handling fee rate is that the handling fee is charged monthly for the current period, and the installment function can only be used when a single consumption is 1,5 yuan. Summary of Bank Credit Card of Bank of Communications
How to calculate the installment fee of Bank of Communications credit card
At present, the installment fee of Bank of Communications is fixed at .72% per month, that is to say, if users need to pay 5, yuan in installments, the monthly fee is 5, yuan .72%=36 yuan, and if users pay 12 installments, the total * * fee to be paid is 12=432 yuan in 36 yuan.
1. BankofCommunications (BCM) was founded in 198. It is one of the six largest banks in China, one of the oldest banks in China and one of the note-issuing banks in modern China. On April 1st, 1987, the newly established Bank of Communications officially opened to the outside world, becoming the first national state-owned joint-stock commercial bank in China, with its head office in Shanghai. Bank of Communications was listed on the Hong Kong Stock Exchange in June 25 and successfully listed on the Shanghai Stock Exchange in May 27.
II. Products and services
(i) Absorbing public deposits
(ii) Issuing short-term, medium-term and long-term loans
(iii) Handling domestic and international settlement
(iv) Handling bill acceptance and discount
(v) Issuing financial bonds
(vi) Acting as an agent to issue, honor and underwrite the government. Acting as an agent for buying and selling foreign exchange
(1) engaging in bank card business
(11) providing letter of credit service and guarantee
(12) acting as an agent for receiving and paying money and insurance agency business
(13) providing safe deposit box service
(14) other businesses approved by the banking regulatory authority of the State Council.
3. The personal business of Bank of Communications includes: savings deposits, personal loans, foreign exchange services, financial planning, investment services, insurance services, convenience services, wealth management, private banking and other services.
the company's business includes: banking and finance project, tax payment, cash management, asset custody (securities investment fund custody, national social security fund asset custody, insurance fund custody, brokerage/directional asset management plan custody, enterprise annuity custody, international custody, trust fund custody, private equity fund custody, etc.), investment banking and financing business (accounts receivable transfer, guarantee business, loan commitment letter, credit certificate, buyer. Discount of commercial bills, lending business of foreign government loans, domestic and foreign currency fixed assets loans, export tax rebate account custody loans, corporate account overdraft, domestic and foreign currency liquidity loans, interbank credit asset buyout business and interbank credit asset repurchase business).
small business users' business includes: loan application, one-stop business service, exhibition service, one-stop business service, investment and financing service, tax financing service, branch loan service, hand-in-hand service and benefiting farmers service.
international business includes: inter-bank services, international business services, foreign exchange wealth management services and foreign exchange trading services.
that's enough for the introduction of installment fees for traffic credit cards.