The calculation method of handling fee is: transaction amount × monthly rate × number of periods. Although the handling fee may be charged in the first payment or once a month, the amount of the two is the same. With the increase of repayment, the money owed to the bank decreases, but the handling fee will not decrease with the progress of repayment, which is different from the calculation method of bank loan interest.

Compared with the current benchmark interest rate of 1 annual loan of 6.3 1%, some people may think that the annual installment fee rate of 6% for credit cards may not be high, but after careful calculation, the actual fee paid is higher than the loan interest in the same period. Taking the consumption of 6,000 yuan as an example, if one-year installment payment is adopted, the total handling fee will be paid: 6,000× 6% = 360 yuan. However, according to the standard of one-year benchmark interest rate of the bank, the average capital method is used to repay the loan monthly, and the total interest paid by the loan in one year is 6,000× 6.31%12×/kloc-. That is to say, when the annual interest rate of consumer loans is greater than 1 1.08%, installment payment is more cost-effective.

For example, if you buy a 3,000-yuan mobile phone in three installments, you have to repay it on the last repayment date of the first month after installment: 3,000 * 2%+3,000/3 in the second and last months, and the installment fee can be deducted once in the first month after installment. If Suning collects installment fees (in fact, China Merchants Bank also collects two dirty voices), in addition to installment fees, it will be deducted from the card.