"The principal of each period of a credit card means the part of the principal that needs to be repaid in each period, that is, the installment amount to be repaid every month. Usually it does not include the use of the credit card in the current period. You need to consult the credit card issuer for details such as interest, handling fees, or annual fees. For example, if you apply for 3,000 yuan in 6 installments, then the installment principal of each installment is 500 yuan. In addition to the principal, there will also be an installment fee, which will also be shown on the bill. At the same time, you should know that the installment fee of a credit card refers to the installment fee, which is generally deducted by some banks. All handling fees are deducted at one time in the first period. Usually the handling fee per period = total installment amount × handling fee rate per period. The total installment principal is amortized evenly on a monthly basis, and the remainder is included in the last period. The installment amount and the handling fee of each installment are recorded at the same time.
The difference between credit card and debit card
The following are the differences between the two cards: 1. Credit card. It is a consumer credit product that requires consumption first and then repayment, while debit cards deposit money first and then use it; 2. Credit cards can be overdrafted, but debit cards cannot be overdrafted; 3. Credit cards have There is a revolving credit limit, while debit cards do not have a revolving credit limit (revolving credit refers to the limit that the bank has approved for the cardholder to use, and the cardholder does not need to repay the balance in full if it is used within the limit. , you only need to repay the stipulated minimum repayment amount, you can maintain a good credit record, and you can also use the cardholder's credit limit again); 4. Credit card holders need to repay in full before the final repayment date If you make a payment, you may enjoy an interest-free repayment period for shopping purchases;
5. Credit card deposits do not accrue interest, while debit card deposits accrue interest according to the savings interest rate; 6. Credit cards are assets Business, while debit cards belong to liability business;
7. The issuance of credit cards needs to meet relevant conditions (such as the situation of the work unit, assessment of repayment ability, and review of personal credit records, etc.), Debit cards only require an ID card;
8. Credit cards have anti-counterfeiting logos and UnionPay logos, while debit cards only have UnionPay logos. "