The calculation method of credit card handling fee is: transaction amount * installment handling rate * number of installments.

Different banks have different credit card installment handling rates, and different installments have different handling rates. The specific handling rates should be calculated according to the standards of each bank.

For example: The China Merchants Bank credit card bill is 3,000 yuan, and the single-term fee is 1.5. If you choose 6 periods, the handling fee is 3,000*1.5*6=270 yuan. The early repayment handling fee cannot be reduced or reduced. of.

Extended information:

Credit card installment means that when the cardholder uses a credit card for consumption, the cardholder does not have the money to repay the full amount on the repayment date, so he will choose the minimum repayment Or repay in installments. The minimum repayment is based on daily interest, while the credit card installment payment directly calculates the installment fee, and the cardholder repays according to the monthly credit amount.

Cancellation of credit card installment:

After the credit card installment has not been executed by the system or within the cancellation time specified by the bank, you can directly call the customer service number or cancel the installment through online banking.

If the credit card installment has already started, the cardholder cannot cancel it. However, you can choose to repay in advance. It is worth noting that cardholders must have enough funds to repay in full before they can apply to the bank to settle the installment in advance. In addition, early repayment installment handling fees still need to be paid, but no additional early repayment handling fees will be charged.

It is worth mentioning that if your credit card repayment date is on the 13th and you do not have the money to repay it in full, and your salary day is on the 15th, then compared to installment repayment, the minimum payment is The payment method is the most cost-effective.

The difference between credit card transaction installment and bill installment:

1. The time is different:

Transaction installment is generally after the consumption occurs, the transaction is recorded, but the bill is not returned It is handled before the bill comes out; while the bill installment is usually done after the incoming transactions are summarized and settled. After the bill comes out, it is handled before the repayment date arrives.

2. Different amounts:

If a credit card is used for transaction installments, the entire amount of the entire transaction can usually be installmentd, but if it is used for bill installments, it is often only You can make installments for around 90 to 95 of the bill amount.

In addition, the respective handling rates may also be different (of course, whether it is transaction installment or billing installment, if the number of installments selected is different, the respective handling rates themselves will also be different. The difference is subject to the page display). There may also be differences in the choice of the number of installments. For example, some credit cards can choose to divide the bill into 36 installments, while the transaction installment can only choose to divide into 24 installments at most, and there is no option of 36 installments.