Use a China Merchants Bank credit card to spend 30,000 yuan in 12 installments, and the rate for each installment is 0.66%

Monthly repayment: handling fee 30,000X0.66% + principal 30,000 ÷12=198+2500=2698 yuan

Interest rate of installment payment of China Merchants Bank:

1. Installment fee of China Merchants Bank credit card: 1.0% for 2 installments, 0.9% for 3 installments, and 6 installments 0.75%, 10 periods: 0.7%, 12 periods: 0.66%, 18 periods: 0.68%, 24 periods: 0.68% (charged every month);

2. Credit cards generally have a three-day grace period after the repayment date , repayment within the grace period is deemed to be repayment on time;

1. If you pay in full, no fees will be incurred;

2. If you pay the minimum repayment amount, you need The daily interest is calculated at 0.05%;

3. If the repayment exceeds the grace period or the repayment amount is less than the minimum repayment amount stipulated by the bank, it is considered overdue, and the daily interest is calculated at 0.05%, calculated from the bookkeeping date Interest, plus a late payment fee of 5% of the unpaid minimum repayment amount, is charged monthly.

There are many benefits of China Merchants Bank credit card. For example, after renovating your home, you need to buy 50,000 yuan of electrical appliances, and you use a credit card to pay for the 50,000 yuan, and then use the 50,000 yuan to buy other currencies. Or other funds, and then use the interest-free period of the credit card to make money. China Merchants Bank credit cards can also be used to watch movies, eat, sing karaoke, etc. Sometimes you can get a 50% discount directly, so you can save a lot of money with the credit card; and developing good credit card usage habits will also allow you to control own overconsumption.

Good credit card usage habits will increase your credit many times. If one day you need to borrow money from the bank, the bank will know that you are a creditworthy person and will easily lend you the money. This way the credit card can prove your integrity and ability to repay. However, there are still some misunderstandings that need to be avoided when using credit cards:

1. Don’t blindly pursue high limits. Many people are looking for credit card limits. In fact, the credit card limit only needs to be enough for your monthly use. If the limit is too high, it will sometimes increase your consumption. If the card is lost, there will be security risks;

< p>2. Your monthly consumption has nothing to do with your credit card limit. Strictly speaking, it should depend on your income level. Don’t spend blindly just because your credit card limit is high.

3. Don’t overdraft. Overdraft requires a handling fee. If you overdraft by 10,000, a handling fee of 100 is required. Adding interest is 150. This is an annual interest rate of up to 30%!

4. Two cards are most suitable. And it’s best to bind it to a savings card for repayment. If you have too many cards, it’s easy to forget to repay the money. If you’re not careful, you may have a bad credit record.

In short, a credit card is a payment tool, not an investment tool. The key is how we use the credit card and how it can bring us more benefits.