The bill of China Merchants Bank is divided into six installments, depending on what installment you are. The handling fee for each issue is different. If the consumption is in installments, the handling fee is 0.75% under normal circumstances, which means that the installment rate of each installment is 0.75%. Then, if it is calculated, the handling fee for each period is 6000*0.75%=45 yuan should return the principal of 6000/6= 1000 yuan, and your principal+interest = 1000+45 yuan. Another algorithm is to repay 6000/6+6000 x 0.75% = 65438.

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Advantages and disadvantages of credit card bill installment;

1. Relieve the repayment pressure: The biggest benefit of handling credit card installment business is definitely to reduce the burden. When the single-phase bill is too high, the pressure on cardholders to repay in full will be even greater. The bill can be divided into several months by stages, and the cardholder's repayment pressure will be less. Imagine that if you ask your parents to borrow it, your family will be worried; If you borrow it from a friend, you owe a favor. In the future, it is better to change the meal with the interest of the bank.

2. Credit card bill installment has discounts: the bank will hold some credit card discount activities from time to time, including credit card bill installment. At this time, you can reduce certain interest or handling fees, which is quite cost-effective.

3. Undertaking installment fee: Every bank has to charge a certain fee for credit card installment business, and different banks charge different fees. Take China Merchants Bank as an example. The current handling fee is 0.66%. The longer the installment time, the higher the handling fee. Then, if the installment bill is 5,000 yuan, the installment fee of 33 yuan will be borne every month, and the total fee of 12 will be 396 yuan. And the handling fee will not be reduced, and the advance payment will also be deducted.

4. Easy to lead to over-consumption: As it takes a long time to pay back the money, only a little is paid back every month, so the repayment method of "spending 240 yuan every month and only paying back 20 yuan" is easy to give cardholders an illusion that spending money casually is easy to repay, which is easy to lead to over-consumption, high bills and selfless consumption.

5. It helps to increase the credit card limit: banks operate through fees, interest and annual fees. There is an installment fee for handling credit card bills, so that banks can make money. Of course, banks will hope that cardholders can handle installment business frequently. The underlying rule is that after the cardholder applies to the bank for credit card withdrawal, the bank is more willing to approve it, and the success rate of cash withdrawal will increase.