1, application time. Consumption installment has been applied after the installment payment is successful, and it is not necessary to apply separately; The bill installment is from the bill coming out to the repayment date, and the period can be handled at any time.
2. The installment amount. Consumption installment is the function of directly applying for installment payment online. There is only the minimum installment amount, but there is no maximum amount, so you can pay all commodity prices in installments. There is a minimum amount and a maximum amount in bill installment, which is usually about 95% of the new transaction amount of the current bill, and it is rarely possible to achieve 100% full installment.
3. Repayment time. After the installment consumption is successful, the first repayment principal+handling fee is included in the minimum repayment amount of the bill in the accounting period, and the current bill will be returned when it comes out; After the bill is divided into installments, only the amount that has not been divided into installments in this period is needed, and the first installment amount will be paid back after the next bill comes out.
Consumption installment and bill installment are common transaction installment methods of credit cards. Because of the different nature of the two staging methods, many friends don't know which one to choose. In fact, as long as you know the difference between consumption installment and bill installment, it is better to choose.
For example, if the billing date of the credit card is July 15 and the repayment date is August 13, and you spent 5,000 yuan in July 14, you plan to divide it into six installments, and the monthly handling fee is 0.65%:
1) If CreditEase handles the consumption installment, the payment will be successful in July 14, and the installment will be successful. After the bill of July 15 comes out, the first installment principal is 833.33 yuan+handling fee is 32.5 yuan, and it will be repaid before the deadline of August 13.
2) If the bill is handled in installments, only 95% can be paid in installments, and only 4,750 yuan can be paid in installments. August 13, who just returned to 250 yuan by stages. After the bill. /kloc-0 will be paid in August, and the first installment of 79 1.67 yuan principal plus 30.88 yuan will be paid before the deadline of September 13.
1. First, the staging time is different. Flower bud staging is to select flower bud staging directly before the bill is issued, and the number of optional stages and the corresponding handling fee for each stage will be displayed. Bill temporary storage is the operation temporary storage after generating garden bills.
2. Secondly, the starting amount is different. Generally, a single transaction of flower buds can only be staged when it is more than 100 yuan. The installment of bills is to participate as long as the installment amount is greater than 10 yuan, except for past overdue fees, interest, remaining principal, etc.
3. In addition, the number of stages is different. General transactions support installment payment of 3, 6 and 12, and bills support installment payment of 3, 6, 9 and 12. In terms of installment interest rate, the third interest rate is 2.5%, the sixth interest rate is 4.5%, and the 12 interest rate is 8,8%. You can convert the annual interest rate yourself to see the situation. The interest rate of bill installment is similar to that of transaction installment, with 9 more installments and the interest rate is 6.5%. Regarding whether they can repay, both the transaction installment and the bill installment can be repaid in advance.
4. Therefore, through comparison, we can find that there is little difference between transaction installment and bill installment, mainly the difference between installment time and installment times.