People's consumption has become more and more convenient since Alipay introduced flower bud payment. In fact, flower beds are the same as credit cards. It's all about spending first and then repaying. Many people are wondering whether it is better to use flower beds or credit cards. Which is the higher interest rate, flowers or credit cards? Today, let's talk specifically about which interest is higher, flowers or credit cards.

Which interest rate is higher, flowers or credit cards?

1 installment interest:

If the flower buds are divided into stages, the interest rate will vary according to the number of stages. Among them, 2.5% in Phase III, 4.5% in Phase VI, 6.5% in Phase IX and 8.8% in 12.

Credit cards, like flowers, have different interest rates in different stages. Moreover, different types of credit cards and different issuing banks will lead to different interest rates.

2 overdue interest:

If the credit card is overdue, the penalty interest will be charged at the daily interest rate of 0.5 ‰, and the monthly interest will be compounded. The same is true for overdue flowers, and penalty interest is charged at the daily interest rate of five ten thousandths.

Generally speaking, in terms of overdue interest, the interest rates of flower buds and credit cards are the same. There is no way to compare the installment interest. Because the types of credit cards are different from the banks to which they belong, the installment interest is also different.