Huishang Bank Credit Card can provide cardholders with a variety of installment services, such as bill installment, consumption installment, and cash installment. The consumption installment is mainly aimed at the installment of a single consumption transaction, and can also be regarded as the installment before the bill is issued. Although you can enjoy the interest-free period, you will have to pay an installment fee, which varies depending on the number of installments chosen by the cardholder. Let’s introduce to you how much the installment handling fee is for Huishang Bank’s credit card consumption, and teach you how to calculate the handling fee through examples.

1. How much is the installment fee for Huishang Bank’s credit card consumption? The installment fee for Huishang Bank’s credit card consumption is determined by two aspects, one is the number of installments, and the other is the fee collection method. In terms of the number of installments, Huishang Bank’s credit card consumption installments can be divided into 3/6/9/12/18/24/30/36. The handling rates for different installments are different; in terms of handling fees, Huishang Bank’s credit card consumption installments There are two types of handling fees: one-time collection and monthly amortization. The total one-time fee is less than the installment amortization. The specific rates are shown in the table below.

2. How to calculate the installment fee for Huishang Bank’s credit card consumption? As mentioned earlier, Huishang Bank has two methods of collecting handling fees for credit card consumption installments, and the handling fee calculation formulas of the two methods are different. One-time handling fee = total installment principal × total installment handling fee; monthly amortized handling fee = total installment principal × each installment handling fee rate. For example: Suppose you divide a Huishang Bank credit card consumption of 10,000 yuan into 3 installments. If you choose to pay the handling fee in one time, the total procedure is 10,000××3=165 yuan; if you choose the monthly amortization procedure In terms of fees, the total procedure is 10,000××3=240 yuan, and the difference between the two is 240 yuan-165 yuan=75 yuan. It can be seen that it is much more cost-effective to pay the installment fee in one lump sum than to amortize the fee every month.