The annual interest rate is 0.72%.

The installment interest rate of Bank of Communications credit card is generally related to the number of installments, and different installments have different rates. The rate is 0.93%/ month for the third installment, 0.8%/ month for the sixth installment, and 0.72%/ month for the ninth installment 12 installment 18 installment and 24 installment.

Bank of Communications, founded in 1908, is one of the oldest banks in China and one of the note-issuing banks in modern China. 1 987 April1day, 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. In June 2005, Bank of Communications was listed on the Hong Kong Stock Exchange, and in May 2007, it was listed on the Shanghai Stock Exchange.

How much interest does the transportation credit card cost in 24 months 1 10,000 installments?

Credit cards don't need to pay interest, but they need a handling fee. You need to know the handling fee rate, which is calculated as follows:

Suppose the handling fee rate is 0.72%, that is, the total handling fee to be paid is 10000.72% = 72 yuan, and the handling fee of Bank of Communications is shared equally, that is, the monthly handling fee is 72÷24=3 yuan, and the monthly principal repayment is 10000÷24=4 16.67.

The following information is expected to help you:

Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1, the English translation and writing standards for public services were formally implemented, and the English names of credit cards were specified. Credit card consumption is a non-cash transaction payment method, which does not need to pay cash when spending, and repays on the bill date.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards. From the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate). On May 25th, 2002/KLOC-0, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards.

How to charge installment interest for Bank of Communications credit card?

Bank of Communications has no interest in installment, and only charges for surgery.

Traffic credit cards don't charge installment interest, only charge a handling fee. The installment fee is calculated on a monthly basis. Bank of Communications credit card holders can apply for installment after the bill, and the application for installment will generate corresponding handling fees according to the number of installments, and the handling fees will be different according to the installment amount and interest rates of different installments. The credit card installment fee of Bank of Communications is quite special, no matter how many installments, it is fixed at 0.72%.

The installment fee is charged monthly at the rate of 0.72%/ month according to the installment amount. When you shop in Bank of Communications Credit Card Points Paradise, you can choose to buy goods by installment. All goods are interest-free and free of handling fees. You only need to choose the installment payment method on the payment page, and you don't need to go through additional installment procedures, which is quick and convenient.

In addition, Bank of Communications credit card also has credit card installment services such as shopping mall installment, installment treasure and mail order installment. , the installment fee is 0.50%-0.93%/ month (the one-time payment fee is the monthly installment rate and number of installments).

Is the installment interest of Bank of Communications credit card the highest?

Traffic credit cards don't charge installment interest, only charge a handling fee.

The installment fee is calculated on a monthly basis. Bank of Communications credit card holders can apply for installment after the bill, and the application for installment will generate corresponding handling fees according to the number of installments, and the handling fees will be different according to the installment amount and interest rates of different installments. The credit card installment fee of Bank of Communications is quite special, no matter how many installments, it is fixed at 0.72%. Suppose the consumption is 50,000 yuan, divided into 24 installments, and the monthly repayment is calculated as follows:

100000.72%=72 yuan, and the monthly handling fee is 360 yuan.

10000/24=2083 yuan, and the monthly principal is 4 16.67 yuan.

4 16.67+72=2443 yuan, and the monthly repayment is 488.67 yuan.

This is the end of the introduction of Bank of Communications credit card installment rate, the latest interest rate of Bank of Communications credit card installment rate table 2022. I wonder if you found the information you need from it?