How to calculate the installment fees for each bank’s credit card?

1. Installment fee for ICBC credit card: no handling fee for 3 periods, 1.8 for 6 periods, 2.7 for 9 periods, 3.6 for 12 periods, 5.85 for 18 periods, 15.6 for 24 periods (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 periods, 0.6 for 6 and 12 periods (charged every month).

5. CITIC Bank credit card installment fee: 1.50 for 1 period, 0.826 for 3 periods, 0.82 for 3 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. Installment fee for China Merchants Bank credit card: 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).

10. Everbright Credit Card Installment Fee: If you apply for installment repayment before consumption, 12-month installment will be charged at 0.5 per month. The types of bill installments include 3, 6, 9 and 12 installments, and the handling fees are 2, 4, 5 and 6 respectively

Notes on installment payment;

1. Interest A high minimum repayment amount, "minimum repayment amount" means that when the cardholder is unable to repay all the amount payable before the due repayment date, he can repay according to the minimum repayment amount stipulated by the card issuing bank. Generally, the minimum repayment amount is stipulated by the card issuing bank. The amount is 10% of the consumption amount and other various types of payables. Cardholders who are unable to repay by the repayment period and enjoy the minimum repayment amount will be charged high interest by the bank.

2. It is easy to apply for automatic installment when the balance is full, but it is difficult to cancel. "Automatic installment when the balance is full" is a special setting of the credit card. As long as the card consumption reaches the agreed amount on each bill, the bank will automatically process the transaction. Into installment business. Some consumers click on automatic installment when applying for a card. Even if they spend 10 yuan on online shopping, the bank will automatically pay them in installments. Not to mention the trouble, in terms of rates, the automatic installment business needs to bear high rates.

3. Interest-free loans actually have high handling fees. Many banks will launch interest-free loan services in many preferential activities. Its essence is to promote the installment business to cardholders, but the tool becomes a cash limit, and the rates are often higher than ordinary installment business fees. The reason is that the investment direction of consumer funds in this kind of installment business is uncertain and the risk is higher than that of traditional installment business, so the handling fee required is also slightly higher. (One-time charge)

How to calculate the installment handling fee for Bank of China credit card?

The maximum handling fee per installment of Bank of China Easy Installment-Consumption Installment is: 0.65 for 3 installments and 0.60 for 6 installments , 0.60 for the 9th period, 0.60 for the 12th period, 0.65 for the 18th period, and 0.65 for the 24th period. For example, if 1,000 yuan is used for 12 periods, the procedure is 10000.00612=72 yuan. Since various regions will also carry out preferential handling fee activities based on market conditions, please refer to the specific handling fees displayed when handling the business.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.

How to calculate the credit card installment fee?

The calculation method of credit card handling fee is: transaction amount installment handling fee rate number of installments.

Different banks have different credit card installment handling rates, and different installments have different handling rates. The specific handling rates should be calculated according to the standards of each bank.

For example: The China Merchants Bank credit card bill is 3,000 yuan, and the single-issue rate is 1.5. If you choose 6 issues, the handling fee is 30,001.56 = 270 yuan. The early repayment handling fee cannot be reduced or reduced.

Extended information:

Credit card installment means that when the cardholder uses a credit card for consumption, the cardholder does not have the money to repay the full amount on the repayment date, so he will choose the minimum repayment Or repay in installments. The minimum repayment is based on daily interest, while the credit card installment payment directly calculates the installment fee, and the cardholder repays according to the monthly credit amount.

Cancellation of credit card installment:

After the credit card installment has not been executed by the system or within the cancellation time specified by the bank, you can directly call the customer service number or cancel the installment through online banking.

If the credit card installment has already started, the cardholder cannot cancel it. However, you can choose to repay in advance. It is worth noting that cardholders must have enough funds to repay in full before they can apply to the bank to settle the installment in advance. In addition, early repayment installment handling fees still need to be paid, but no additional early repayment handling fees will be charged.

It is worth mentioning that if your credit card repayment date is on the 13th and you do not have the money to repay it in full, and your salary day is on the 15th, then compared to installment repayment, the minimum payment is The payment method is the most cost-effective.

The difference between credit card transaction installment and bill installment:

1. The time is different:

Transaction installment is generally after the consumption occurs, the transaction is recorded, but the bill is not returned It is handled before the bill comes out; while the bill installment is usually done after the incoming transactions are summarized and settled. After the bill comes out, it is handled before the repayment date arrives.

2. Different amounts:

If a credit card is used for transaction installments, the entire amount of the entire transaction can usually be installmentd, but if it is used for bill installments, it is often only You can make installments for around 90 to 95 of the bill amount.

In addition, the respective handling rates may also be different (of course, whether it is transaction installment or billing installment, if the number of installments selected is different, the respective handling rates themselves will also be different. The difference is subject to the page display). There may also be differences in the choice of the number of installments. For example, some credit cards can choose to divide the bill into 36 installments, while the transaction installment can only choose to divide into 24 installments at most, and there is no option of 36 installments.

How to charge handling fees for credit card bill installments?

The installment interest for the Bank of China credit card bill installment is "collected in installments and repaid following the monthly bill".

Interest is collected in installments: 0.65% for 3 periods, 0.6% for 6 periods, 0.6% for 9 periods, 0.6% for 12 periods, 0.65% for 18 periods, and 0.625% for 24 periods.

Interest is charged based on the interest rate displayed during actual processing.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.

How to calculate the handling fee for credit card installment?

Credit card installment fee calculation formula:

Handling fee = Installment principal and each installment handling fee.

For example, if a credit card installment of 3,000 yuan is divided into 12 installments, the handling fee is 0.72, and the handling fee for each installment is 3000/120.72 3000/12

Credit card bill installment application requirements:

1. Bill installment application time

From the transaction date to the repayment date, you can freely choose to install installments for transactions under RMB or USD accounts.

For transactions that have not been billed: You can apply for installment between the day the transaction occurs and 19:30 on the billing date corresponding to the transaction.

For bills that have been issued: You can apply for installments between the day after the bill date and the due payment date (for customers whose accounts have set up automatic repayment, the application deadline is 17:00 on the due payment date: 00).

2. Conditions for applying for bill installments

Applicants must hold a bank credit card, personal card master card, good card usage record, and no current delay in repayment. Customers who only hold commercial cards, business cards, purchasing cards, ANA guaranteed cards or supplementary cards cannot apply for bill installments at the moment.

3. Bill installment application amount

To apply for RMB bill installment, the minimum application amount each time is not less than RMB 300; to apply for USD bill installment, the minimum application amount each time is not less than RMB 300. $100. After successfully applying for RMB or U.S. dollar bill installments, the principal of each installment and each installment handling fee will be credited to the RMB account, that is, the U.S. dollar bill installment amount will be converted into RMB according to the exchange rate specified at the time of application.

How to calculate credit card installment fee

The calculation method of credit card fee is: transaction amount × installment fee rate × number of installments.

The handling rates for different periods are also different and should be based on the standards of each bank. For example, if you spend 6,000 yuan in 3 installments, and the handling fee for the 3 installments is 1.95, then the installment handling fee for each installment is 39 yuan, and the monthly repayment amount is 2,117 yuan. Divided into 6 installments, the handling fee for 6 installments is 3.6, so the installment handling fee for each installment is 36 yuan.

I believe that many people will receive enthusiastic text messages or even phone calls from banks after using their credit cards to remind users that they can use the installment repayment service. The reason given by the bank is that installment has many benefits, such as extending the repayment period of the credit card, reducing short-term financial pressure, avoiding overdue credit cards, etc.

But in fact, the bank cannot afford to pay early if it is not profitable. It is obviously not good-hearted to suggest that users choose to repay in installments. So what are the benefits of credit card installment repayment for banks? In fact, it is very simple. Users' installment repayment can bring revenue to the bank. However, if the user repays in full before the final repayment date, the bank will not make any money from the user. dime.

From a bank's perspective, vigorously promoting credit card business is ultimately to achieve profitability. And if most credit card users make normal purchases, repay on time, do not withdraw cash within their limit, and do not repay in installments, and everything follows the rules, then there will be no fees and the bank will really become a charity.

The current bank card installment repayment fee is generally 6% per thousand. If your credit card bill is 12,000 yuan and you repay it in one year, then the monthly principal repayment is 1,000 yuan. The handling fee is 72 yuan, and the handling fee incurred from one year to the next is 864 yuan. Then based on the interest rate, the one-year interest rate reaches about 13, which is already a very high interest rate level.

So don’t just listen to the advice the bank gives you. No one will be smarter than the bank in settling accounts.

This ends the introduction on how to calculate credit card installment payment fees and how to calculate credit card installment payment fees. I wonder if you have found the information you need?