CITIC Bank’s handling fee interest rate is 0.73%, and the handling fee per period is 7000x0.73%=51.1 yuan;

China Merchants Bank’s handling fee interest rate is 0.66%, and the handling fee per period is 7000x0.66% =46.2 yuan.

Influencing factors of installment payment:

The most common terms for credit card installment payment are 3, 6 and 12 periods. The longer the term, the higher the handling fee. There are also some installment payment amounts that determine the handling fee. The greater the amount, the lower the handling fee.

Handling fee collection is also divided into two types: one-time collection and one-time collection upon application. Generally speaking, it is more favorable for cardholders to charge each period's handling fee than one-time collection.

Instalment payments also include those with designated consumer merchants and those without restrictions on merchants and products. For consumers, the latter is free and convenient, but requires higher handling fees.

The bank will hold some activities from time to time, and the handling fee for installment payment will be discounted at this time.