Requirements for the starting point of the total installment amount of each bank: (from low to high, single consumption amount, taking RMB as an example only)
Everbright Bank has no quota starting point.
Bank of China RMB 300 yuan
Guangdong Development Bank 500 yuan
China CITIC Bank RMB 600 yuan
The starting point of ICBC is RMB in 600 yuan.
China Construction Bank RMB 65,438+0,000.
China merchants bank RMB 1500.
Bank of Communications RMB 1500.
Extended data
Credit card installment payment method:
1. Shopping mall staging: Also known as POS staging, it means that cardholders go to shopping places and shop in "shopping malls" that can be staged. When the credit card is paid by installment, the credit card that supports installment in this mall indicates that installment is needed. Then the cashier will swipe the card on the special POS machine according to the number of periods required by the cardholder (such as 3 periods, 6 periods, 12 periods, etc.). There are also a few shopping malls that support the 24 th issue).
Note: When staging in the mall, you need to verify the identity of the cardholder and remember to bring your ID card.
Shopping malls are generally free in three stages. The rates for Stage 6 and Stage 12 vary from bank to bank. As long as the goods are sold normally in shopping malls, they can generally be paid by installments. In many cases, cardholders can also bundle multiple items together to settle accounts, and then pay in installments.
2. Mail-order installment: refers to that the cardholder receives the installment mail-order catalog manual sent by the issuing bank (or the online installment mall of the bank) and selects from the limited commodities. Then the bank orders in installments through online installment mall, telephone or fax installment application form, etc. Generally, there is no handling fee for mail order installment regardless of the number of installments. However, due to the long ordering cycle (in many cases, it takes more than 15 working days to get the goods), and the return is relatively complicated. It is recommended to compare before buying.
3. Bill installment: This is the most convenient installment method, which can be basically supported by all issuing banks, and the application is simple. Users only need to apply to the issuing bank for installment by phone after spending their credit cards and before sending monthly bills. However, it should be noted that banks will stipulate some special circumstances, such as speculative credit cards can not be successful in installments. So before the trial run, be sure to read the trial run manual carefully.
Note: The disadvantage of bill installment is that it can't exempt the handling fee. The longer the number of installments, the higher the handling fee, and the cardholder must bear it himself.
Credit card installment formula: transaction amount × monthly rate × installment times.
Although the handling fee may be charged once or monthly, the amount of the two is the same. With the increase of repayment, the money owed to the bank decreases, but the handling fee will not decrease with the progress of repayment, which is different from the calculation method of bank loan interest.