Basically, credit cards offer interest-free installments, but if there is a handling fee, you can ask the credit card customer service. In fact, it is said to be interest-free, but it still charges money, which is just a handling fee. The handling fees of China Everbright, ICBC (discounted), CCB and Bank of China are relatively low, and those of Bank of Communications are higher. You can call customer service for consultation. Sometimes when banks hold events, the handling fees will be discounted.
Extended information:
Instalment handling fee of each bank:
1. ICBC credit card installment handling fee: 3 installments free of charge, 6 installments 1.8, 9 Period 2.7, 12 periods 3.6, 18 periods 5.85, 24 periods 15.6. (one-time charge)
2. Agricultural Bank of China credit card installment fee: 0.6 per month (charged every month).
3. Bank of China credit card installment fee: 1.95 for 3 periods, 3.6 for 6 periods, 5.4 for 9 periods, 7.5 for 12 periods, 11.7 for 18 periods, 15 for 24 periods (one-time charge)
4. CCB credit card installment fee: 0.7 for 3 installments, 0.6 for 6 and 12 installments (charged every month).
5. CITIC Bank credit card installment fee: 1.50 for 1 period, 0.82 for 3 periods, 0.82 for 6 periods, 0.77 for 12 periods (charged every month).
6. Pudong Development Bank credit card installment fee: 0.72 for 3 periods, 0.7 for 6 periods, 0.66 for 12 periods (charged every month)
7. China Merchants Bank credit card installment fee: 1.0 for 2 periods , 0.9 for 3 periods, 0.75 for 6 periods, 0.7 for 10 periods, 0.66 for 12 periods, 0.68 for 18 periods, 0.68 for 24 periods (charged every month).
8. Bank of Communications credit card installment fee: 0.72 per month (charged every month).
9. Guangfa Credit Card installment fee: 0.65 for 6th and 12th periods, 0.7 for 18th period, and 0.72 for 24th period (charged every month).
There are two methods of credit card installment:
1. Single consumption installment. Generally, you can apply for installment payment if you spend 600-1,000 yuan in a single transaction. The standards stipulated by each bank are slightly different. Different, you can call the bank customer service number to apply for installment from the next day to three days before the bill date. It can be divided into 3, 6, 9, 12, 18, and 24 installments. The installment fee is about 0.6 per installment;
2. For bill installment, just call the bank customer service number to apply for installment after the bill is issued and 3 days before the repayment date. The installment handling fee is the same as for a single installment.
Credit cards are used to facilitate customers' capital turnover and consumption, so they must be repaid on time to avoid overdue payments. Overdue credit reports will affect personal credit.