How to calculate the installment fee for credit cards?

calculation formula of credit card installment fee:

fee = installment fee rate of installment principal.

For example, the credit card is divided into 12 installments of 3, yuan, and the handling fee rate is .72%, and the handling fee for each installment is 3,/12.72% 3,/12

Requirements for credit card bill installment application:

1. Time for bill installment application

From the trading day to the repayment date, you can freely choose to installment the transactions under RMB or USD accounts.

for transactions without bills: you can apply for installment between the transaction date and 19:3 on the billing date of the corresponding bill for the transaction.

for the issued bill, you can apply for installment from the day after the billing date to the due repayment date (for customers with automatic repayment in their accounts, the deadline for application is 17: on the due repayment date).

2. Conditions for applying for bills by installments

Applicants must hold a personal card of a bank credit card, have a good record of using the card and have no delay in current repayment. Customers who only hold business cards, business cards, purchasing cards, ANA guarantee cards or supplementary cards are temporarily unable to apply for bill installment.

3. Application amount for bill installment

For RMB bill installment, the minimum application amount is not less than RMB 3 yuan each time; Apply for US dollar bills in installments, with a minimum application amount of not less than US$ 1 each time. After successful installment of RMB or USD bills, the principal of each installment and the handling fee of each installment are included in the RMB account, that is, the installment amount of USD bills is converted into RMB at the exchange rate specified at the time of application.

how to calculate the installment payment of ABC's credit card?

the interest of credit card installment repayment is determined according to the amount of installment, and has nothing to do with the number of installments. Such as:

1. Above 5 yuan, .72% per month;

2, more than 65 yuan, .7% per month;

3, more than 12,5 yuan, .68% per month.

the maximum number of stages can only be divided into 24 stages.

if you divide it into 24 installments, each installment repayment = 36,/24 installment fee of 36,.68% = 1,744.8 yuan.

compared with bank loans, because the loan types and interest calculation are different, it is recommended to consult the relevant banks for detailed charging standards.

Extended information

1. 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 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 will deduct the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder will repay them according to the monthly recorded amount.

2. Generally, the handling fee for one-year credit card installment payment is lower than the annual cash withdrawal interest of 18%, and higher than the bank's one-year commercial loan interest of 5.31%.

The loan interest rate of commercial banks has been lowered many times since last year, but the standard of credit card installment fee and cash withdrawal interest has rarely changed. Although the standards of credit card installment fees in different banks are different, the calculation methods are roughly the same.