There are often card friends who spend a lot with credit cards, but they can't repay in full, so they will go to credit cards for installment. By allocating the amount owed to the monthly repayment, they only need to repay part of the principal and handling fee each month. The most important thing is that they can enjoy an interest-free period. However, many cardholders do not know when to start repayment after handling credit card installment. Let me introduce the installment repayment time of credit card to you.
1. When will the credit card be returned by installment?
This score can be divided into two situations. One is to see whether you apply for installment in the bill or after the bill date comes out.
1, billing by stages:
Refers to the installment of the unpaid bill amount, which generally requires repayment this month. Because your down payment and installment fee are included in the minimum repayment amount of this bill, you must repay it on the last billing day of this period.
2, the bill will be implemented in stages in the future:
This refers to the installment of the account amount, which generally needs to be paid back after the next bill comes out. Because after the successful installment of the bill, the principal and handling fee of the first installment will be included in the minimum repayment amount of the next installment, which means that you will have to pay it back after the bill comes out next month. In the installment month, you only need the bill amount that has not been paid in installments.
For a simple example, the billing date of your credit card is 22nd of each month, and the final repayment date is 10:
If the unpaid bill of 3,000 yuan is divided into three installments on 165438+ 10/8, it needs to be repaid before the end of 165438+ 10/0;
If you divide the 3,000 yuan bill into three installments on June 23rd 165438+, you need to repay it before the end of February 10.
Second, how to repay the credit card in installments?
In many cases, it is not excluded that even if the installment is handled, there is no money to pay back. At this time, some card friends will ask whether the amount after installment can be re-phased, or whether it can be repaid according to the minimum repayment amount. The answer is no.
Because the amount to be repaid in each installment of the credit card has been included in the minimum repayment amount of the current bill, you must repay the minimum repayment amount in order not to be overdue. Without money, it is still very dangerous. If it is determined to be a malicious overdraft, it will constitute a credit card, but it will be sentenced.
In short, when to start repayment by credit card installment mainly depends on the installment time, and the repayment time is different with the billing date as the watershed. However, whether your credit card installment repayment time is the current period or the next period, you must also pay the minimum repayment amount of the current bill.
Does the credit card installment start in the current month or next month?
It usually starts with the next bill.
After the bill installment is successful, the cardholder only needs to repay the remaining bill amount after deducting the bill installment amount before the due repayment date. After that, the repayable principal of each installment of the bill = total installment principal ÷ number of installments. The principal payable in each installment (accurate to the minute) is credited to the cardholder's credit card account every month, and the balance is credited to the last installment. Handling fee per installment = total installment amount × handling fee rate per installment, and the minimum handling fee per installment is 5 yuan.
After the bill installment is successful, the cardholder only needs to repay the remaining bill amount after deducting the bill installment amount before the due repayment date. After that, the repayable principal of each installment of the bill = total installment principal ÷ number of installments. The principal payable in each installment (accurate to the minute) is credited to the cardholder's credit card account every month, and the balance is credited to the last installment.
Handling fee per installment = total installment amount × handling fee rate per installment, and the minimum handling fee per installment is 5 yuan.
The credit card will be repaid in installments next month, the remaining amount after applying for installment bill will be repaid in the same month, and the first installment of installment bill will be repaid from next month, and so on.
Repayment by installment: The longer the installment time, the higher the handling fee standard.
Installment repayment is interest-free, but a handling fee is required, and the handling fee rate of different banks varies greatly. Most banks charge fees for installment payment according to the length of the term, such as 3, 6, 12, etc.
The longer the general term, the higher the handling fee standard. There are two ways to charge the bank. One is to charge an average monthly fee. The other is a one-time charge when paying the down payment.
If you still spend 3600 yuan, apply to the bank for installment after swiping the card.
First, the number of periods is 12. If the handling fee rate is 0.6% and the monthly repayment amount is 3600× 0.6% 3600/12 = 32 1.6 yuan, you only need to pay 321.6 yuan every month, and there is no need to pay any other fees.
Second, it is divided into 12 phases. The first phase needs to be repaid: 3,600 yuan × 7.2% 3,600 yuan/12 = 559.2 yuan, and the rest 1 1 month is also returned to 300 yuan.
China bank credit card is phased. When will the first phase be returned
After the installment, please repay according to the repayment amount shown in the next bill.
The above contents are for your reference. Please refer to the actual business regulations.
How to calculate the time of each installment of credit card repayment?
Credit card installment payment, the first installment can be repaid after the bill date and before the repayment date, and the first installment is a natural month.
Bookkeeping date:
① The credit card billing date means that the issuing bank will regularly summarize and settle the current transactions and expenses of the credit card account every month;
(2) calculate interest, calculate the total amount owed in the current period and the minimum repayment amount;
(3) mail the statement;
④ This date is the billing date of the credit card.
Repayment date:
① For credit card non-cash transactions, the interest-free repayment period is from the bank bookkeeping date to the due repayment date;
② Interest-free repayment period varies according to the regulations of various banks, ranging from the billing date to the final repayment date, and the longest is from the day after the billing date to the final repayment date of the following month;
③ If the billing date is 1 day, the final repayment date is 20 days, with the shortest 20 days and the longest 50 days;
(4) During this period, as long as you pay off the current payable amount on the current statement, you don't have to pay any interest on non-cash transactions (you don't enjoy interest-free discount for borrowing cash in advance).
When will the credit card be repaid in installments?
Generally speaking, when you pay in installments, if the time is before the bill date, the first installment of your installment will be calculated on the bill date.
1. After you apply to the bank for credit card installment, the first repayment is before the billing date of next month, but you must return the unpaid money on the current repayment date.
2. After applying for credit card installment, the bank will show the money to be repaid in each installment on the bill. You just need to pay it back before the final repayment date. Handling fee = total installment amount × handling fee rate per installment × number of installments. Some banks charge in one lump sum, and some charge in installments, which are included in each bill together with each principal. It should be noted that prepayment cannot be exempted from handling fees.
3. If the first repayment is difficult, you can download and use the repayment APP. The calculation method of repayment interest is different from that of banks, and the differentiated pricing method is implemented. The better the credit, the lower the interest. If the credit is good enough, you can enjoy lower interest rates than banks without encountering intractable overdue problems.
This concludes the introduction of when to pay back the credit card in installments and when to pay back the credit card in installments. I wonder if you have found the information you need?