Call the credit card customer service after swiping the card and apply for installment, which is divided into 12 installments, that is, 12 months to pay off.

The handling fee rate of 12 is 0.65%.

Monthly handling fee, 65 yuan.

Repay the principal every month 10000÷ 12 = 833.33 yuan.

A total of 898.33 yuan is paid back every month, with no other expenses and interest.

The rates of other rural commercial banks are similar.

Remember, you must call after you finish spending. Shanghai Rural Commercial Bank stipulates that after the bill is issued, the installment fee rate is higher.

Extended data:

service charge

In the early days of credit card installment business, banks often advertised under the banner of "interest-free", and many citizens were really fooled. In fact, interest-free is not free, just a different name.

Generally speaking, the handling fee of credit card installment 1 year is lower than the annual cash withdrawal interest 18%, and higher than the bank commercial loan interest 1 year 5.3 1%. It is worth mentioning that in recent years, the loan interest rate of commercial banks has been lowered many times, but the standard of credit card installment fee and cash withdrawal interest has rarely changed. Although different banks have different standards for credit card installment fees, the calculation method is roughly the same.

Suppose the installment amount is 1.200 yuan, divided into 12 installments, and each installment (month) repays 1.000 yuan, and the handling fee is 0.6%/ month, and the actual monthly deduction is100+1.200× 0. If other factors are not considered, the convertible nominal annual interest rate is 7.2%. But the cardholder did not always owe the bank 1.200 yuan. In the last month, he actually only owed the bank 1 1,000 yuan, but the bank still charged the handling fee according to 1, 200 yuan.

According to the calculation, the actual annual interest rate that the cardholder has to pay is about 15.48%. According to the correct calculation formula, it should be1200 * 0.6% * (1+0.6%)12/(1+0.6%)12/).

superiority

The main benefits of credit card installment payment:

Enjoy first, then pay.

Without a guarantor, the procedure is simple.

Fixed time and easy payment.

Free of payment and monthly repayment.

More room to choose payment methods.

Service type

From the form of installment payment, there is a limit on the initial amount of a single transaction for cardholders to handle this business, and the level of installment repayment and the standard of handling fee are also different; It can be roughly divided into three categories:

The first category is the cooperation between banks and special merchants, but the product types are limited;

The second category is the product catalogue provided by the bank, which is purchased by the cardholder, and then the bank entrusts the supplier to deliver the goods to the customer;

The third category is not limited to merchants and commodities. After shopping, the cardholder can apply to the bank for installment repayment. Some banks even set the scope of acceptance as global.