The credit card installment interest rate is between 0.45% and 0.75%, and different banks have different rates, but the actual annual interest rate exceeds 15%. Since the fee change in 1996, the credit card machine has cancelled the rate capping, and the standard rate is 0.6%. If a third-party payment company's credit card machine is used, a handling fee of about 3~ 10 yuan will be added for each transaction.

Risk control:

Credit card installment is recognized by the bank and can contribute to the bank. As long as it is not frequently staged, it is basically difficult to be controlled by the wind. It is different to reverse the card with a credit card machine. This is to use credit cards to make false transactions to get cash. Once the bank finds abnormal transactions, it will immediately take control, reduce the amount and seal the card. For this reason, you will know which one is cost-effective and which one is not.