Does credit card installment payment have interest and is there any handling fee?

Credit card installment payments generally have no interest and only charge a handling fee. Whether there are points depends on the specific installment purchases. For example, there are generally no points for buying a car with a credit card, but there are generally points for paying with a credit card for restaurants and supermarkets. , In addition, banks often have activities that give points when paying bills in installments.

The following are the installment fee standards of several banks:

1. ICBC credit card installment fee: no fee for 3 periods, 1.8 for 6 periods, 2.7 for 9 periods, 3.6 for 12 periods , 18 issues 5.85, 24 issues 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 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. 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).

How to get a credit card installment with no interest or handling fees

There are handling fees for credit card installments that cannot be waived and there is no interest.

Take Guangfa Bank Credit Card as an example:

According to the provisions of Article 3 of the "Bill Installment Plan Agreement"

1. Each installment of the bill installment shall be repaid. Principal = total installment principal ÷ number of installments. The principal payable in each installment (accurate to cents) will be credited to the cardholder's credit card account monthly. If the total installment principal cannot be divided, the remainder will be included in the last installment; If the amortization amount in any period is overdue, the bank will charge liquidated damages, revolving credit interest, etc. to the cardholder in accordance with relevant laws and regulations.

2. The bill installment handling fee is divided into monthly amortization and one-time collection. The bill installment fee is based on the cardholder's credit status and the comprehensive service cost provided by the bank to the cardholder.

If the payment method is based on monthly apportionment of bills, the handling fee allocated per month per bill = the total installment principal × the handling fee rate per issue; if the payment method is based on one-time collection, the one-time handling fee = installments Total principal × fee rate per installment × number of installments.

Extended information:

Relevant provisions of the "Bill Installment Plan Agreement"

1. After the cardholder successfully handles the bill installment, if the cardholder fails to pay on time Full repayment of the remaining bill amount after excluding the installment amount of the bill in the current period will be regarded as incomplete repayment. Even if the customer applies for bill installment, revolving credit interest or liquidated damages will still be incurred.

2. For cardholders who have successfully applied for the bill installment business, if there is still excess money after repaying the credit card dues for the current period on time, the amount will be regarded as self-owned deposits and subsequent installments will not be paid off in advance. The amount of bill repayment due in installments.

3. The cardholder understands and agrees that after applying for the bill installment business, the bank has the right to review and determine whether the amount of the bill installment business will occupy the consumption limit based on the cardholder's card usage. At the same time, during the installment payment period, the bank has the right to release the installment payment amount occupied by the consumption limit in advance based on the customer's card use risks and other conditions.

Baidu Encyclopedia-Credit Card Installment

Guangfa Bank-Bill Installment Plan Agreement

Are there any handling fees for credit card interest-free installments

have. Credit card interest-free installments do not accrue interest, but handling fees are still charged, and part of the principal needs to be repaid in each installment. At present, the credit card installment fee rates of major banks vary from high to low. The monthly handling fee is generally around 0.72 (12 installments), which translates into an annual interest rate of 8.64. This is higher than the central bank's benchmark loan interest rate for the same period, and even personal credit interest rates are only around 8 to 9.

Credit card interest-free installments can be roughly divided into two types of installments, one is the installment with a special quota, and the other is the installment within the credit card limit. Different installment types occupy different quotas. For any special installment limit, the principal and handling fees will occupy the special installment limit, but will not affect the credit card limit. Your credit card limit will remain the same after applying for the special installment limit.

Special line installment: It is also interest-free but not free. The handling rate is basically the same as the installment within the credit card limit, but the limit range is different. Generally, banks will grant it to high-quality customers after re-evaluation in addition to the credit card limit. A special quota can be a consumption installment quota or a cash installment quota.

Credit card limit installment is an installment processed within the credit card limit. It can also be divided into consumption installment and cash installment. After the application is successful, the total amount of the installment and the installment handling fee will occupy the quota at one time and the previous installment will be paid back. The quota is restored for one period.

1. Interest-free installment is a common credit card installment business of domestic banks. It means repaying a single consumption amount or credit card bill in installments, paying a handling fee for each installment, and no longer having to pay 50,000 per day. Interest; fee-free installments are very rare and are not regular business of banks. They are usually preferential activities launched by some banks or cooperative shopping malls. More often, they are nominally fee-free, but the actual total amount will be greater than the product price.

2. Credit card installments are generally divided into consumption installments, bill installments, merchant installments, car installments, cash installments, etc. according to the types of goods or services. Among them, in addition to car installments and cash installments, there will be "special quotas", which are additional quotas specifically given to meet certain needs based on the cardholder's identity certificate, asset certificate, work certificate and other information (without occupying the credit limit); The rest of the installment amount is limited to the cardholder's credit limit. Usually, after the installment transaction is successful, the available limit of the cardholder's account will be deducted in real time. The current billing cycle is the first installment, and the installment principal and procedures should be paid in each installment. The fee will be included in the minimum repayment amount of the account for the current period. Merchant installment is the credit card installment business that is most likely to achieve zero handling fees. Merchant installment needs to be used when the transaction amount of a specific merchant is greater than a certain limit. The maximum limit must not exceed the available account limit. If it is a bank and a cooperative partner to conduct preferential activities, It is possible to achieve zero handling fee installments. For example, Agricultural Bank of China and Minsheng.

Are there any handling fees for using credit card bill installment? An insider will reveal the details

Look at which bank it is from, most of them are required.

For example: If the credit card debt is 50,000 yuan, and it is divided into 3 installments, the installment rate is 2.7, and a handling fee of 1,350 yuan will be paid upon maturity.

Extended information:

1. The bill installment amount is limited

Generally, the credit card bill installment amount shall not exceed 90% of the new consumption in the current period, and should also Below the fixed amount of 80.

2. The credit limit occupied by bill installments

Except for China Guangfa Bank, not only the principal of bill installments occupies the credit limit, but also the bill installment handling fees will also occupy the credit limit.

3. The handling fee will still be charged after the principal has been repaid

Take 12 installments of 12,000 points as an example. The principal will decrease month by month with the repayment. In the last installment, only Bank limit of 1,000 yuan. The bank still charges handling fees based on the full principal of 12,000 yuan each period.

That’s it for the introduction of credit card installment without handling fees.