The "annual interest rate" converted from the interest-free handling fee of credit card installment payment is higher than the current benchmark interest rate of one-year bank loans of 6.56%. For consumers, although credit card installment is relatively fast and convenient, it is more cost-effective to apply for consumer loans.

The upward trend of this installment fee has been set. In the second half of the year, more banks will join the ranks of raising the installment fee rate of credit cards. After all, this contribution to bank profits is immediate. Therefore, consumers still have to shop around when spending, and don't turn early enjoyment into a burden.