How to spend money with ICBC credit card?

1. Rules for using ICBC credit card consumption:

1. ICBC credit card installment payment means that when the cardholder uses the credit card to make large purchases, ICBC pays the merchant a one-time payment. It is a business to pay the consumption funds for the goods (or services) purchased by the cardholder, and according to the cardholder's application, the consumption funds will be deducted from the cardholder's credit card account in installments, and the cardholder will repay according to the monthly account amount.

2. Most domestic banks have credit card installment services. Installments are generally divided into shopping mall (POS) installments, "mail order installments" and bill payments through the Internet, mail, etc. depending on the occasion. installment.

2. Pay attention to the following when using ICBC credit cards:

When using a credit card, you need to repay in full to avoid recurring interest; temporarily increase the credit limit to avoid maxing out the credit card; the minimum repayment limit is certain Be sure to pay in full to avoid late payment fees. You can choose to pay the minimum repayment limit, which will ensure that your personal credit record will not be affected and will not incur too many late fees.

3. Increase in credit limit of ICBC credit card:

1. If the account is opened no less than 3 months ago and the cumulative consumption is more than 500 yuan (inclusive), the credit limit can be adjusted to 500 yuan. .

2. The credit limit can be adjusted to 1,000 yuan for no less than 3 months after reaching the 500 yuan limit level and the cumulative consumption is more than 500 yuan (inclusive).

3. The credit limit can be adjusted to 2,000 yuan for no less than 3 months after reaching the 1,000 yuan credit level and the cumulative consumption is more than 500 yuan (inclusive). If the local card issuer has special regulations, this service will not apply. You can also call the ICBC customer service hotline and select 2 Manual Service-2 Credit Card Service to request a limit adjustment. The adjusted credit limit will not exceed 2,000 yuan.

Use of ICBC credit card consumption coupons:

Each ICBC credit card consumption coupon has a prescribed usage threshold. After successfully receiving the coupon, the cardholder only needs to open the WeChat link when making payment. Just scan the payment code of your ICBC credit card. The transaction amount will be automatically deducted when the consumption reaches the standard. After receiving it, it can be automatically deducted when using WeChat payment. Something to note is. Vouchers can only be collected once a week from the same brand.

The above is how to use ICBC credit card consumption coupons, and ICBC credit card consumption coupons have a time limit for use. Some consumption coupons are only valid for consumption on the day of collection. If not used in time, they will automatically expire when they expire.

How to use ICBC digital credit card

The main methods of using ICBC digital credit card are as follows:

1. Users must bind the third-party payment software before use. , such as Alipay, WeChat Pay, etc.

2. For payment, just change the payment method to ICBC digital credit card. If there is a physical card, the user can directly swipe the card on the POS machine for consumption, or it can be bound to a third-party payment software.

1. A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

2. Credit cards stipulated in the relevant laws of our country ("Interpretations of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, An electronic payment card with full or partial functions such as transfer settlement, cash deposit and withdrawal [1-2]. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard[3].

3. Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate). Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; a quasi-credit card refers to a credit card in which the cardholder can A quasi-credit card that deposits a certain amount of reserve fund and can be overdrafted within the specified credit limit when the reserve account balance is insufficient for payment.

The so-called credit card generally refers to a credit card only.

4. Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiations, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. (The original upper limit was 0.5% of the daily interest rate, The lower limit is 0.7 times the daily interest rate of 0.5%).

Operating environment: vivo mobile phone: y938.1.0 WeChat: 8.0.13 Alipay: 10.2.33 ICBC: v6.1.0.92

How to use ICBC credit card, you can repay in installments

Cardholders of ICBC credit cards can use their credit cards to make purchases online or offline.

Cash withdrawals can also be made using credit cards.

Individual customers of Peony Credit Card issued by ICBC can repay in installments.

Extended information:

Credit card installment payment handling fee:

Generally, the one-year credit card installment payment handling fee is lower than the annual cash withdrawal interest of 18% , higher than the bank’s one-year commercial loan interest rate of 5.31%. It is worth mentioning that commercial bank loan interest rates have been reduced several times since last year, but the standards for credit card installment fees and cash withdrawal interest have rarely changed. Although the standards for credit card installment fees vary from bank to bank, the calculation method is roughly the same.

Assume that the installment amount is 1,200 yuan, divided into 12 installments, with each installment (monthly) repayment of 100 yuan, the handling fee is 0.6%/month, and the actual monthly deduction is 1,001,200×0.6%=107.2 yuan. If other factors are not considered, the convertible nominal annual interest rate is 7.2%. However, the cardholder does not always owe the bank 1,200 yuan. In the last month, he actually only owed the bank 100 yuan, but the bank still charged a handling fee of 1,200 yuan. .

According to calculations, the true annual interest rate paid by cardholders is approximately 15.48%. According to the correct calculation formula, it should be 12006% (16%)^12/((1b)^12-1)=103.94 yuan, which means an extra 3.2% handling fee will be paid in each period.