The maximum fee standard for installment consumption of China Bank Tesco is: 0.65% for the third installment, 0.60% for the sixth installment, 0.60% for the ninth installment, 0.60% for 12 installment, 0.65% for 18 installment and 0.65% for the 24th installment, for example, 1000 yuan. Because each region will also carry out preferential activities of handling fee rate according to market conditions, the specific handling fee will be subject to the display at the time of business handling.
The above contents are for your reference. Please refer to the actual business regulations.
How to calculate the credit card installment fee?
Calculation formula of credit card installment fee:
Handling fee = installment interest rate of installment principal.
For example, the credit card is divided into 12 installments of 3,000 yuan, the handling fee rate is 0.72%, and the handling fee for each installment is 3,000/120.72% 3,000/12.
Credit card bill installment application requirements:
1. Time to apply for installment bills
From the trading day to the repayment date, you can freely choose the installment transaction under RMB or USD account.
For unbilled transactions: you can apply for installment payment between the transaction date of 19:30 and the billing date of the bill corresponding to the transaction.
For bills that have been issued, you can apply for installment from the day after the billing date to the due repayment date (for customers with automatic repayment in the account, the deadline for application is due repayment date 17:00).
2. Conditions for applying for installment bills
The applicant must hold a personal card with a bank credit card, have a good record of using the card and have no delay in repayment in the current period. Customers who only hold business cards, business cards, purchasing cards, ANA protection cards or supplementary cards cannot apply for bill installment for the time being.
3. Bill installment application amount
For the installment payment of RMB bills, the minimum application amount shall not be less than 300 yuan RMB each time; For the installment payment of USD bills, the minimum application amount shall not be less than USD 65,438+000 each time. After the installment of RMB or USD bill is successful, the principal and handling fee of each installment will be credited to RMB account, that is, the installment amount of USD bill will be converted into RMB at the exchange rate specified at the time of application.
How to calculate the 24-period handling fee of China Bank Credit Card?
China Bank charges a certain fee for credit card consumption installment, bill installment and cash installment. The fee varies with the number of installments, but the interest is free. You can learn about it through the official website of Bank of China ()-Bank Card-Service Guide-Card Use Guide-China Bank Credit Card Service Price List.
The above contents are for your reference. Please refer to the actual business regulations.
How to calculate the installment interest rate of credit card?
Annual interest rate = installment fee rate/(number of installments 1)24= single installment fee rate/(number of installments 1)24, and the most common installment fee of 12 is 7.2/( 12 1) 24 = 6544.
ICBC 12 will charge 3.58% handling fee in installments, and the annualized interest rate is 6.6 1%, which is equivalent to 1 multiple of the one-year loan benchmark interest rate of 6.0%, and will charge 0.0358/1324 = 0.06609 = 6.665438 in installments. The down payment is 0.0358/1324/(1-0.0358) = 0.06854 = 6.85%.
In this case, each bank has different charging standards (high or low), different charging methods (installment or lump-sum payment) and different charging categories (consumption installment, bill installment, credit card mall installment or physical mall installment). Specifically, you should go to the credit card websites of major banks, or call the customer service of the credit card center to explain it to you in detail.
This is divided into nominal interest rate and real interest rate.
nominal interest rate
Nominal interest rates are relatively simple. There is no need to calculate at all. Suppose you spend 6000 yuan on your credit card and want to repay it in 12 installments. The bank tells you that the handling fee rate of each period is 0.6%, so the annual interest rate is 0.6 12=7.2%, so you need to share the principal of 6000+ every month.
Of course, in addition to the phased fees, there is also a one-time fee, which will take the first place compared with the analysis fee, but the first phase needs to return all the fees at one time, which is suitable for your own decision.
actual interest rate
After reading the above example, do you feel that something is wrong? Obviously, the principal owed is getting less and less, but you still have to pay interest according to the total amount. By the way, this is a math game. To know the interest rate you pay for each penny, you must introduce a concept, the real interest rate.
It's complicated to say. Fortunately, excel and wps both provide internal formulas for us to use. Let me teach you how to calculate the real interest rate with a formula.
It's still 6000 yuan, divided into 12 installments, and the rate of each installment is 0.6%. The first line, the principal is 6000, and the second to thirteenth lines, the monthly repayment is 436. Note that because the repayment and the loan principal are opposite, we need to enter -436, and then on the fourteenth line, click the formula in the menu bar, select IRR function, and select the first line to the thirtieth line. You can get the monthly real interest rate 1.0862%, and then multiply it by 12 months, which is the annual real interest rate 13.03%.
How to calculate the credit card installment fee?
The calculation method of credit card handling fee is: according to the installment transaction amount and the installment handling fee rate.
The charging standards for credit card installment in different banks are different, and the charging standards in different periods are also different. The specific charging standards should be calculated according to the standards of various banks.
For example, the credit card bill of China Merchants Bank is 3,000 yuan, and the single-period rate is 1.5%. If the sixth installment is selected, the handling fee is 300,065,438+0.5% 6 = 270 yuan, and the prepayment handling fee cannot be reduced.
Extended data:
Credit card installment means that when using a credit card, the cardholder will choose the minimum repayment amount or installment repayment if he has no money to repay in full on the repayment date. The minimum repayment is daily interest, while credit card installment repayment is to directly calculate the installment fee, and the cardholder repays according to the monthly recorded amount.
Credit card installment cancellation:
After credit card installment, if it is not implemented by the system or within the cancellation time specified by the bank, you can call customer service directly or cancel the installment through online banking.
If the credit card installment has been realized, then the cardholder cannot cancel it. However, you can choose to prepay. It is worth noting that the cardholder must have enough funds to repay in full before he can apply to the bank for early settlement of the installment. In addition, the prepayment installment fee still needs to be paid, but no additional prepayment fee will be charged.
It is worth mentioning that if your credit card repayment date is 13 and you have no money to repay in full, and the payday is 15, then the minimum repayment method is the most cost-effective compared with installment repayment.
The difference between credit card transaction installment and bill installment;
1. Different time:
Generally, after the consumption occurs, the installment transaction is carried out and the transaction is recorded, but the bill has not yet come out; However, the bill installment is generally before the repayment date after the bill comes out.
2. Different amounts:
If the credit card is used for transaction installment, it can usually installment the total amount of the whole transaction, while if it is used for bill installment, it can only installment about 90% to 95% of the bill amount.
In addition, their respective fee rates may be different (of course, whether it is transaction installment or bill installment, the number of installments selected is different, and their respective fee rates themselves will be different, depending on the page display). The number of installments may also be different. For example, some credit cards can choose to divide the bill into 36 installments, while the transaction installment can only be divided into 24 installments at most, without the option of 36 installments.
This concludes the introduction of how to calculate the installment rate of credit card and the calculation formula of installment rate. I wonder if you found the information you need from it?