ICBC is the most cost-effective among the short-term installments within 12; In the long-term installment payment after 12, Bank of East Asia is the most affordable.
In terms of the handling fee for the third installment of credit card repayment, ICBC has the lowest handling fee, and the rate for each installment is only 0.55%. In the case of 1 0,000 yuan installment, its handling fee is only 1.65 yuan, which is different from the bank charge with the highest repayment 1.05 yuan.
In the case of six issues, the five banks of industry, agriculture, China, construction and postal services charge the lowest amount of handling fees, and all give cardholders a handling fee rate of 0.60% per issue; Huaxia and China Everbright Bank charge slightly higher fees, ranking in the middle.
At present, less than half of all card-issuing banks in China promote credit card installment business. Among them, Bank of China, Agricultural Bank and Industrial and Commercial Bank of China continued the strategy of low commission rate to attract cardholders to use installment business. Calculated at the price of 10,000 yuan, the repayment amounts of the above three banks are all in 540 yuan.
At present, the installment payment business of credit card 12 is enthusiastically promoted by card-issuing banks, and almost all banks have opened this business, among which the fees of industry, agriculture, China, construction, postal service and Bank of East Asia are the lowest, and the strategy of maintaining low fees for short-term installment business is to cater to the consumption enthusiasm of cardholders; Bank of Communications, Shanghai Pudong Development Bank and Ping An Bank, which rank lower, charge higher fees.
Among the credit card installment fees of installment 18, Bank of East Asia has the highest cost performance, followed by CCB and Postal Savings Bank.
The 24-stage installment business of credit card is a long-term installment business promoted by most banks at present, which is very suitable for cardholders to make large consumption or large capital turnover. It should be mentioned that Bank of East Asia, the most cost-effective installment business in the 24th issue, is the only foreign bank that officially issues credit cards in China at present. The preferential rate of short-term installment business is not prominent in the 12 period, but it has become the most favorable bank for credit card installment payment since the 12 period. In addition to the Bank of East Asia, China Construction Bank, Postal Savings Bank and Agricultural Bank also performed well, ranking second with a handling fee rate of 0.60%.