The specific interest rate is based on the four major banks as an example:

1. The interest rate for ICBC credit card installment payment is: 0.9 for 3 installments, 1.8 for 6 installments. It is calculated as 2.7 for 9 periods, 3.6 for 12 periods, 5.4 for 18 periods, and 7.2 for 24 periods.

2. China Construction Bank If you pay in installments with a China Construction Bank credit card, you can choose to pay in 3, 6, 12, 18, and 24 installments. In addition to the interest calculated in 3 installments at 0.7 per period, the interest in 6, 12, 18 and 24 periods are calculated at 0.6 per period.

3. The Agricultural Bank of China credit card installment payment can be divided into 3, 6, 9, 12 and 24 installments, and no matter how many installments it is, the interest on the Agricultural Bank of China credit card installment payment is It is calculated as 0.6 per period.

4. Bank of China Bank of China credit card installment payment can be divided into 3, 6, 9, 12, 18 and 24 installments. The interest for 3 installments is calculated at 1.95 and for 6 installments The interest is calculated as 3.6, the interest divided into 9 periods is calculated as 5.4, the interest divided into 12 periods is calculated as 7.2, the interest divided into 18 periods is calculated as 11.7, and the interest divided into 24 periods is calculated as 15.

Top Ten "Benefits" of Credit Cards

1. Owe less favors. When you are in urgent need of cash to meet your immediate needs, you will be embarrassed to borrow money from relatives and friends, so you can overdraft. I have a credit card. Although the interest rate of 0.05% is like loan sharking, compared with owing favors to others, I have to weigh what is more important.

2. Use credit cards as much as possible for relatively safe consumption, so that you can carry less cash with you - even if it is stolen or lost, the loss can be reduced. If cash is lost, the possibility of getting it back is slim; but credit cards are different. Even if they are stolen or lost, we can report the loss as soon as we find out. Even if your credit card is stolen without a password, it will be difficult to trace it. It's much easier - because every credit card transaction is recorded, not to mention that the bank will bear the losses 48 hours or even 72 hours before the loss is reported. In addition, if you spend money in cash, you may get counterfeit money at some point!

3. Clean and hygienic. With large cash flow, you can easily imagine the bacteria on the coins, and the credit card has been touched by several cashiers besides yourself - even if the credit card is dirty, it can still be disinfected and cleaned.

4. Save money. Many banks’ credit cards have cooperation or promotions with merchants. For example, you can get cash back as much as you swipe the card, or you can get 20% off or 50% off when watching a movie or eating Western food. Discounts, etc. In addition, credit card points can also be redeemed for some gifts in daily life, and there are even some lottery activities.

5. If there is a "VISA" or "MasterCard" logo on the convenience credit card, you can directly swipe the card for consumption abroad, while the debit card or cash must be exchanged first; in addition, use the credit card to book air tickets, hotels, Shopping and renting a car over the phone or online are also very convenient, but a debit card may not have this advantage - because in addition to direct swiping, the credit card also has a "pre-authorization" function; also, there is no embarrassment of not having change. .

6. Relieve financial pressure. If you have certain financial pressure to pay a relatively large amount of money at once, you can use a credit card to pay in installments and enjoy your favorite items in advance. Although you need to pay a certain handling fee, compared with the intangible value of being able to enjoy it for half a year or even a year in advance, I think it is worth it. Of course, you should spend within your means in advance.

7. Accumulating personal credit history, using more credit cards, and repaying the money in full on time can improve your credit limit and credit rating. At the same time, the People's Bank of China's personal credit information database will have your good credit record, and it will be much easier to get approval for loans to buy houses and cars in the future.

8. It is easier to understand the financial situation. If you apply for an additional card for your family, especially for your children, you will have a basic understanding of their financial status such as consumption expenditures, and it will be easier to educate your children on financial management and consumption awareness.

9. With credit cards that facilitate financial management, we will receive a detailed consumption statement in paper or email form after the statement date. From the statement, we can clearly understand our consumption and expenditures in the last month.

10. Some additional conveniences. Some credit cards also provide free accident insurance, medical insurance, towing and car washing, enjoy the services of banks or airport VIP lounges, and can also use points to exchange for flights and gasoline, etc.