If the credit card is in stages, the handling fee is within 1%, but the handling fee is calculated in full. Even if the repayment is made in advance, all the handling fees will be paid.
Taking installment as an example, the interest calculation algorithm of credit card is:
Fee per installment = total installment principal and installment fee rate.
Total installment fee = installment fee rate and installment number.
Different banks charge different fees.
Take 1 0,000 yuan as an example, the interest rate of CCB card 3 is 0.75%, and that of ABC card 3 is 1.95%.
Therefore, the total interest of the third phase of CCB card is 7.5*3=22.5 yuan; 1000*0.75%=7.5 yuan
Total interest of the third phase of agricultural bank card = 19.5*3=58.5 yuan; 1000 *1.95% =19.5 yuan
Some specific commodities in Bai Hua have interest-free installment activities, and only need to repay the principal without paying interest.
Calculation method of installment interest of flower buds
Total installment interest = total installment principal and total installment interest rate.
Interest payable in each installment = total installment principal, total installment interest rate and number of installments.
Take the third installment of 1 1,000 yuan as an example. The installment interest rate of the third installment of Bai Hua is 2.5%.
Interest of flower buds in installments: total interest of three installments = 1000*2.5%=25 yuan; Interest payable per installment =25/3=8.3 yuan.
Therefore, from the perspective of installment interest, the interest of flower buds is unchanged, and the interest of credit cards of different banks is different.