1. Full repayment by credit card:
If you repay in full before the current billing date, you can enjoy the interest-free period, which is the most cost-effective repayment method;
2. Credit card installment:
If the funds are insufficient, you have to apply for credit card installment. Interest and handling fees are required. There are five stages of bank credit cards: 3, 6, 9, 12 and 24, and the handling fee rate is generally .6%. The handling fee is charged monthly for the current period.
credit card installment refers to the process that when a cardholder uses a credit card to make a large amount of consumption, the bank pays the consumer funds of the goods (or services) purchased by the cardholder in one lump sum, and then the cardholder repays the money to the bank in installments. According to the cardholder's application, the bank will deduct the consumption funds by stages through the cardholder's credit card account, and the cardholder will repay them according to the monthly amount.
3. The main benefits of credit card installment payment:
1. Enjoy first, then pay.
2. No guarantor is required, and the procedure is simple.
3. Fixed time and easy payment.
4. Payment is optional, and the monthly repayment amount is optional.
5. More room for choosing payment methods.