How to calculate the interest of installment payment for Bank of Communications credit card?

it depends on how many installments you have, and whether you have installment discount.

in most cases, different bank credit cards will have different installment interest, but this interest will be within a reasonable range. If you really don't know how to calculate the installment interest of the Bank of Communications credit card, you can try to calculate it from three installments, which can be divided into 24 installments at most. The annualized interest rate of installment payment of all banks cannot be higher than 2%, but it is basically around 18%.

first, you need to calculate the interest expenses and handling fees in installments.

before you carry out transportation credit card installment, you need to understand two fees first. The first fee is the interest fee for installment, as long as it is related to the time of your installment. In most cases, the installment fee of 12 installments is the most reasonable, because it can help you save more interest. The second fee is the handling fee. The handling fee for the third installment of the Bank of Communications credit card is .93%, the fee for the sixth installment is .8%, and the fees for all subsequent installments are .72%.

second, you also need to consider whether there is an installment discount.

Bank of Communications will hold regular activities and invite specific users to participate in the staging. If you want to have these installment discounts, you can directly reduce the relevant installment rates, which can help you achieve zero service rate installment. This situation is relatively rare. If you have never participated in installment service before, you will always pay back in full. In order to further expand its business, banks will issue invitations to users for installment concessions from time to time.

third, you can operate directly in the APP.

In fact, there are different installment rates in different situations, and it is difficult for me to tell you all the installment answers directly. I suggest you operate directly in the APP. You can try to calculate how much you need to repay from the third installment, and divide this amount by the principal, so that you can get your real interest on installment. Finally, you can choose the staging time that suits you according to your actual situation.

I have a bank of communications credit card and spent 9 yuan. The installment payment is 24 installments. How much do I have to pay back every month?

if p>9 yuan is paid in 24 installments, each installment should pay 375 yuan. The notice means that the minimum repayment amount of each installment bill cannot be lower than this amount. Installment payment charges a handling fee without interest. The handling fee rate is .7% for the first phase. The repayment for each installment is 37563=438 yuan. When you pay off all the debts, your total expenditure will be 1512 yuan.

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 (or services) 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. In the early days of the credit card installment business, banks often advertised under the banner of "interest-free", and many citizens were indeed "fooled". In fact, interest-free is not free, just a different name.

second, generally speaking, the handling fee for general credit card installment payment for one year is lower than the annual cash withdrawal interest of 18%, which is higher than the bank's one-year commercial loan interest of 5.31%. It is worth mentioning that the loan interest rate of commercial banks has been lowered many times in recent years, 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. Suppose the installment amount is 12 yuan, divided into 12 installments, and each installment (month) repays 1 yuan. The handling fee is .6%/ month, and the actual monthly deduction is 112×.6%=17.2 yuan. If other factors are not considered, the convertible nominal annual interest rate is 7.2%. However, the cardholder does not always owe the bank 1,2 yuan. In the last month, he actually owes the bank 1 yuan, but the bank still charges a handling fee of 1,2 yuan. According to the calculation, the real annual interest rate that the cardholder has to pay is about 15.48%. According to the correct calculation formula, it should be 12,.6% (1.6%) 12/((1.6%) 12-1) = 13.94 yuan, with an extra 3.2% handling fee for each period.

Third, 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 to choose payment methods.

how to calculate the interest for repayment of 2, installments on the credit card of Bank of Communications? How much is the monthly interest plus principal of 2, installments a year?

: Bank of Communications has six stages: 3, 6, 9, 12, 18 and 24, and the handling fee rate is .72%. Bank of Communications credit card installment interest standard: the monthly rate of .72% for the transaction amount of 15 (inclusive) -65. The monthly rate of .7% for the transaction amount of 65 (inclusive) -125. The monthly rate of .68% for the transaction amount above 12,5 (inclusive).

monthly (installment) repayment amount: installment amount/installment number; corresponding handling fee rate =2/122.7%=186.67

How to calculate the installment interest of Bank of Communications?

installment payment requires a single consumption to be phased, and the interest on installment is .72%, and the interest on one thousand yuan is 7.2 yuan. If 56 charges 4.32 yuan for each installment, the interest on installment 12 is 4.32x12=483.84, and the interest on installment 12 is 2.16x12=241.92.

BankofCommunications (BCM), which started in 198, is one of the oldest banks in China and one of the note-issuing banks in modern China.

On April 1st, 1987, the newly established Bank of Communications officially opened to the outside world, becoming the first national state-owned joint-stock commercial bank in China, with its head office in Shanghai. In June 25, Bank of Communications was listed on the Hong Kong Stock Exchange and listed on the Shanghai Stock Exchange in May 27.

Bank of Communications is one of the major financial service providers in China, covering commercial banks, securities, trusts, financial leasing, fund management, insurance, offshore financial services, etc. Its wholly-owned subsidiaries include Bank of Communications International Holdings Limited, China Bank of Communications Insurance Limited and Bank of Communications Financial Leasing Limited, and its holding subsidiaries include Bank of Communications Schroeder Fund Management Limited, Bank of Communications International Trust Limited, Bank of Communications Kanglian Life Insurance Limited, Dayi Bank of Communications Xingmin Village Bank, etc. Bank of Communications is also the largest shareholder of Changshu Rural Commercial Bank.

development strategy of bank of communications: take the road of internationalization and integration, and build a first-class publicly-held banking group with wealth management as its feature.

BANKOFCOMMUNICATIONS emblem combines the lowercase letters "b" and "c" at the beginning of the English translation of bank of communications to form a three-dimensional bank of communications emblem, which represents the strength and business comprehensiveness of the enterprise.

China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Construction Bank and China Bank of Communications are the five largest state-owned banks in China.

Bank of Communications, founded in 198, has now developed into a modern commercial bank with a history of 1 years with clear development strategy, perfect corporate governance, sound institutional network, advanced management, excellent financial services and good financial status. In the "214 Baoding Fourth Financial Expo", Bank of Communications Baoding Branch fully demonstrated its own brand style and product features. In order to strengthen readers' understanding of Bank of Communications, this newspaper specially interviewed Zhang Weifeng, president of Baoding Branch of Bank of Communications, and learned more about its business characteristics and business philosophy through him.

how to calculate the interest of Bank of Communications' credit card

The interest of Bank of Communications' credit card is calculated according to the following standards

1. If it is consumption, it will be repaid normally before the interest-free period, and no interest will be charged. The repayment date of Bank of Communications is 25 days after the bill date. You can call the Bank of Communications Credit Card Center and write the number on the back of the credit card.

2. If you spend money by credit card, you can pay it back before 25th without interest. If you can't pay it back, you have to pay five ten thousandths of the daily interest from the day of credit card swiping, which is 5 cents per day in 1 yuan.

3. For example, if 5 is paid back on the 2th, it will not be paid back later, so the interest before the 25th will be 5 cents, and after the 5th, it will be five millionths, that is, 2 cents;

4. There is no interest-free period for cash withdrawal. Interest will be calculated on the same day. In addition to interest, there will be a handling fee for cash withdrawal (1% of the cash withdrawal amount, 1 yuan, except for the youth card, which is 5 yuan/pen, with no limit), and 1 yuan will have an interest of 5 cents per day. This is the same as swiping a card until it is repaid.

the interest of the Bank of Communications credit card = .5% of the amount owed and the number of days owed. Generally, interest will only be generated under the circumstances of overdue repayment, overdraft cash withdrawal and minimum repayment, but it will not be generated under normal use.

The installment fee of Bank of Communications' credit card is calculated on a monthly basis. Bank of Communications credit card holders can apply for installment after billing, and the application for installment will generate corresponding handling fees according to the number of installments, and the handling fees will be different according to the amount of installment and the interest rate for different installments. However, the credit card installment fee of Bank of Communications is quite special, no matter how many installments, it is fixed at .72%. Suppose you spend 5, yuan in 24 installments, and the monthly repayment is calculated as follows:

p>1.72%=72 yuan, the monthly handling fee is 36 yuan

1,/24 = 2,83 yuan, and the monthly principal is 416.67 yuan

416.6772 = 2,443 yuan. The monthly repayment is 488.67 yuan

Bank of Communications Credit Card is a credit brand product jointly launched by Bank of Communications and HSBC. Its user orientation is "a group of people who have ideals and pursuits in life and career, know how to enjoy themselves, are more willing to struggle, and sometimes have the need to study, do business, investigate or travel abroad.

bank of communications credit card, how to charge installment interest?

Bank of Communications has no interest on installment, and only charges for surgery.

there is no interest charged on the transportation credit card by installment, but a handling fee is charged. The installment fee is calculated monthly. Bank of Communications credit card holders can apply for installment after billing, and the application for installment will generate corresponding handling fees according to the number of installments, and the handling fees will be different according to the amount of installment and the interest rate for different installments. However, the credit card installment fee of Bank of Communications is quite special, no matter how many installments, it is fixed at .72%.

the installment fee is calculated on a monthly basis at the rate of .72%/ month based on the transferred installment amount. When you shop in Bank of Communications Credit Card Points Paradise, you can choose to pay for the purchased goods in installments. All goods are interest-free and free of handling fees. You only need to choose the installment payment method on the payment page, and there is no need to go through additional installment procedures, which is fast and convenient.

In addition, the Bank of Communications credit card also provides credit card installment services such as shopping mall installment, installment treasure installment and mail order installment, and the installment fee is .5%-.93%/month (the one-time payment fee is the monthly installment rate of the gold).

This concludes the introduction of how to calculate the installment interest of the credit card and the installment fee of the Bank of Communications. Have you found the information you need?