;? Credit card bill installment and cash installment are two common installment methods for credit cards, but they are different in nature and have different rates. Let’s introduce the difference between these two installments and compare which one is more cost-effective through examples.

1. Definition and difference between credit card bill installment and cash installment Credit card bill installment generally refers to consumption installment, that is, after the bill comes out, the amount consumed in the current period is divided into several installments for repayment, each month Only a part of the principal and handling fees are repaid, and most banks charge around 100% of the interest rate per installment. The specific number of installments is different; Credit card cash installment generally refers to borrowing cash through a credit card, that is, transferring money to a loan within the credit card cash withdrawal limit. Record it on the card and then repay it in installments. Only a part of the principal and handling fees will be repaid every month. The rates of most banks are around ~.

2. Which one is more cost-effective, credit card bill installment or cash installment? Here we take China Construction Bank credit card as an example. Except for 3 installments, the cash installment rate is the bill installment rate of 3 installments, 6 installments, and 12 installments. Assuming that 12,000 yuan is divided into 12 installments, 18 installments and 24 installments, the total handling fees for cash installment and bill installment are as follows: Bill installment: 12,000××12=864 yuan; Cash installment: 12,000××12=1,080 yuan. It can be seen that credit card cash installment is not as cost-effective as bill installment. However, as mentioned earlier, the nature of the two is different. One is consumption installment and the other is cash. For this reason, everyone still needs to choose the appropriate installment method according to their actual needs.