The fee standard for cash installment of ABC credit card is as follows: fee = 0.7% of principal.

No matter how many cash installments, such as 3 installments, 6 installments, 9 installments and 12 installments, the service fee rate is 0.7%, and a one-time service fee will be charged when applying for cash installment. If the credit card bill is used by installment, consumption installment or merchant installment, the handling fee is 6% of the installment principal, which will be collected on schedule.

Extended data:

Handling fee: expenses incurred in the course of handling affairs. The word "ServiceCharge" is interpreted as "a procedure for doing things". For example, handling "loan procedures", "transfer procedures" and "securities trading procedures" and so on. Therefore, "handling fee" can be interpreted as: a kind of labor remuneration charged for handling related matters on behalf of others; Or for the client, it belongs to the corresponding remuneration paid by others for handling related matters. Such as: securities transaction fees, agent ticketing fees, withholding fees, national debt agency fees and so on.

From the perspective of tax payment, all kinds of agency fees charged by operators should be regarded as taxable income and paid value-added tax; After deducting the relevant expenses, the income must also pay enterprise income tax. On the other hand, the withholding fee obtained for the tax authorities belongs to tax-free income, and there is no need to pay taxes such as business tax.

There are two kinds of fees in the banking system:

Interest other than loans is collectively referred to as handling fees. Such as: interest generated by installment repayment of credit cards, interest generated by overdue credit cards;

Expenses incurred in handling business in the bank.

Installment repayment-means that there will be multiple repayments, and the principal and interest of repayment will be allocated to each repayment.

Bank's installment repayment is an installment repayment business launched to avoid penalty interest according to the total consumption limit when customers can't repay the overdraft amount of credit cards at one time.

Compared with installment payment, installment payment is different in application procedure and application scope. For example, if Xiao Li wants to buy a mobile phone by stages, he will go to a store that cooperates with a credit card. The installment repayment business does not need to specify the place and category of consumption. If the customer realizes that he can't repay in full on time after swiping the card, he can call to apply. However, it should be noted that the handling fee for installment repayment is higher, which is generally higher than the commercial loan interest rate in the same period.

What does ABC mean by cash installment?

Cash installment, also known as cash installment, is generally a installment method in which the cardholder applies or the issuing bank actively invites the cardholder to apply, converts the cardholder's credit card amount into cash, transfers it to the designated debit card (our bank or other banks), and repays the loan according to the specified number of installments every month. In order to face the increasingly fierce credit card cashing, many banks, such as Huaxia Bank's Easy Money business, after reviewing the applicant's relevant qualifications, transfer the credit line of the credit card to the applicant's account in stages to provide disguised cashing.

What does the cash installment of ABC's credit card mean?

Credit card cash installment is suitable for cardholders who need installment payment but lack credit card payment channels. The maximum amount of cash installment is RMB 50,000, and the validity period is set. Cardholders can apply for multiple installments within the cash installment limit. Credit card installment fee: the installment fee for bills, consumption and merchants is 0.6% of the installment principal, which will be collected on schedule. Cash installment is a one-time charge, and the handling fee = 0.7% of the installment principal.

Let's stop here for the introduction of ABC's credit card cash installment.