Why do banks call for installment repayment? If we normally use credit cards to spend money, never overdue, never cashing in, never paying in installments, and often meet the requirements of exemption from paying several annual fees, it is unprofitable for banks, and this business is a loss. Although we spend money by credit card at the merchant, the merchant has to pay 0.6% handling fee to the bank. However, for banks, it is necessary to advance money to merchants, and if the money advanced is a time deposit, the annual interest rate is also around 1.75%, which is obviously a loss. Even if demand deposits are used as capital advances, the central bank's benchmark interest rate will be 0.35%, leaving only 0.25% profit. Considering the operating costs and other labor costs of banks, banks are obviously losing money. Therefore, for such people who repay on time, it is basically difficult for banks to make money, and they can only earn income from other aspects.
Interest-free installment, is it true to increase the quota? When many bank credit card marketers promote installment repayment, they will say that interest is free by installment, as long as the handling fee is a little, the handling fee is only a few ten thousandths. Many people feel low when they hear only a few tenths, so they deal with it, but they don't know that the routine is deep.
Let's take the credit card installment of a bank as an example. For example, we have a 65,438+million credit card that is about to expire, and the bank calls for installment. We will calculate by stages, the longest is two years, and the staff will say that the handling fee is generally around 0.9%, so the cost is 900 yuan. For the principal of 6,543,800 yuan, the cost in 900 yuan seems small. Few marketers will directly say the one-time interest rate 18%. After all, you will be scared when you hear the interest rate of 18%, and it is unlikely to be phased because it is equal to 18000 yuan.
Although the handling fee for installment repayment in 900 yuan seems to be small, the handling fee for installment repayment is actually even darker, because the interest of each installment repayment is calculated according to the principal of 6,543,800 yuan. It's not like average capital paying off the mortgage. The longer the principal, the less interest. For example, your principal of 65,438+24/10,000 installments is equal to 4 166.66 yuan per installment. It stands to reason that the interest should be calculated according to the remaining principal of 65438+ 10,000 -4 166.66 yuan in the next repayment, but this is not the case, and the bank will still repay the interest according to the principal of 65438+ 10,000 yuan. Even if only 4 166.66 yuan is left in the last installment, the repayment is still based on the principal of 654,380+10,000 yuan, so the procedures for installment repayment are higher. We calculate the principal of 24 installments of 65,438+10,000 yuan, which is 65,438+10,000 *24*0.9%=2 1600 yuan, which is higher than the direct one-time repayment18,000 yuan.
There are still many people who think that it is easy to increase the quota by stages, which is actually a misunderstanding. Bank credit card approval and installment repayment (marketing) belong to different systems. Credit card approval belongs to the risk system, and marketing belongs to the business system. The promotion of our quota belongs to the risk system, and the marketing personnel have no right to help you raise the quota.
Therefore, in the future, if the bank's credit card marketing staff calls you for installment, if you don't have this demand and refuse directly, the bank will not reduce your quota, so don't be afraid. Of course, if you have this demand, you can make appropriate staging. After all, it may be overdue without staging, and staging is better than overdue.