At present, there are two main ways for banks to collect credit card installment fees: one-time collection and monthly allocation. Most banks choose one of the two charging methods, and some banks have two methods for cardholders to choose at the same time. It is worth noting that for banks that offer two charging methods, the monthly sharing method is mostly slightly higher than the one-time charging method.
Take Industrial Bank as an example. There are three, six, 12, 18, 24 and 36 credit card bills of Industrial Bank. Except for the third installment, the monthly rate is 0.3% to 2.52% higher than the one-time rate.
Credit card installment business is mainly divided into three categories: bill installment, single consumption installment and cash installment. The bank will charge the cardholder the installment payment, which is called the handling fee.
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The person in charge of Fuzhou Credit Card Center said that although interest rates have been cut many times, the deposit cost of banks is not low in the process of interest rate marketization. Earning spreads is the main way for banks to survive, and the higher deposit cost can't make the credit card installment fee drop for the time being.
Many bankers interviewed believe that the decline in credit card installment fees is the future trend. At present, the credit card installment business is very competitive, not only among banks, but also with the participation of internet finance and e-commerce. With the intensification of competition, banks will provide cardholders with more favorable installment rates in order to survive.
Phoenix. Com- credit card installment fee should also be reduced.