Take the credit card of China Merchants Bank as an example, the handling fee per installment = total installment amount × handling fee rate per installment. The total installment principal is amortized monthly, and the balance is included in the last installment. At the same time, the installment amount and the handling fee of each period are recorded.

50,000 credit cards are swiped in phases 12 and 12, with the handling fee rate of 0.68% = 50,000× 0.68% = 340 yuan, and the total handling fee of 12 =340× 12= 4,080 yuan per phase.

Credit card installment payment

Credit card installment payment refers to the process that when the cardholder uses the credit card to make a large amount of consumption, the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and then the cardholder repays the money to the bank in installments and pays the handling fee. According to the cardholder's application, the bank deducts the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder repays according to the monthly recorded amount.

Credit card repays by amortization of the principal fee, calculated by commodity installment, such as a sum of 50,000 yuan, installment 12, installment 12, and the handling fee rate of each installment is 0.68%. The installment fee for each period = 50,000× 0.68% = 340 yuan, and the total fee 12 = 340× 6544.

In the case of normal repayment, the monthly repayment is 50,000 yuan/12 (principal)+50,000 * 0.68%/12 (handling fee) = 4,506.67 yuan, and the total handling fee of12 is 340×12.

Credit card cashing

Credit card cashing refers to the behavior that the cardholder withdraws the funds in the credit limit of the card in cash by other means rather than through normal legal procedures (ATM or counter), and at the same time does not pay the bank withdrawal fee.

As for the increasingly fierce credit card cashing behavior in recent years, the Shanghai headquarters of the central bank said on July 26th, 2065438+00 that credit card cashing is illegal, and the central bank is studying to record the cardholder's cashing behavior in the personal credit information system, which will directly affect his personal credit record.

Which is cheaper, installment or cash?

Cash 1, at the interest rate of 1%, calculated according to the longest interest-free period of 56 days, 1 will be needed in the last two months and 1 0,500 in three months, with 0.72% installment. The interest will be 72 per installment, and 2 1.6 yuan will be paid in three months. One more thing, if the amount of the card is also 65,438+0,000, then the amount of the card can be set out in full every time, and the interest and principal can be repaid in installments. That is to say, the funds that can be used in the future are less than cash installments. If you are short of money, it is appropriate to cash out, especially organic. It can be cashed at a rate of 0.38, and the cost is lower. If it is used to raise cards at an appropriate stage.