calculator for installment payment of Bank of Communications credit card: 5, yuan is divided into 6 installments.
A card friend inquired that his April bill of Bank of Communications credit card was 5, yuan, but he couldn't repay it in full, so he wanted to divide it into 6 installments and asked how much principal and handling fee he would pay in each installment. I found a staging calculator to calculate it, and the card friend said it was acceptable. Let's take a look.
Bank of Communications credit card bill installment payment is an installment payment service provided by Bank of Communications Credit Card Center for eligible cardholders.
Bank of Communications credit card bill installment payment rules:
1. Application time: from 2 days after the trading day to 3 days after the due repayment.
2. application amount: the amount spent by swiping the Pacific Credit Card of Bank of Communications is RMB 1,5 or USD 1 yuan (the amount spent by swiping the Y-POWER Credit Card of Bank of Communications is RMB 5 or USD 6).
3. Number of installments and handling fee rate: Payment by installments of bills can be divided into 3, 6, 9, 12, 18 and 24 months. The monthly handling fee rate is. Application method: You can apply through the customer service phone of Bank of Communications Credit Card Center or online banking.
For example, Xiao Wu's billing date is 15th of each month. After the bill was issued on April 15th, the total payable amount of the current bill was 5, yuan, and Xiao Wu felt a little pressure on repayment. On April 25th, he logged into the online bank of Bank of Communications Credit Card and applied for six installments of the bill. After the application was approved, the total handling fee was 5,× yuan. The payable amount of each installment was 5, ÷ 6+432 ÷. The bill is charged at a time of 2, yuan or less.
how to calculate the 24-installment interest on the credit card of Bank of Communications, and how to pay it back every month?
The handling fee of Bank of Communications is .72% in 24 installments, and the monthly repayment of 15, yuan in 24 installments is 733 yuan. The specific calculation is as follows:
15,.72% = 18 yuan, the monthly handling fee is 18 yuan
15,/24 = 625 yuan, and the monthly principal is 625 yuan
. The monthly repayment is 733 yuan
Extended information
Bank of Communications Credit Card is a credit brand product jointly launched by Bank of Communications and HSBC. Its user orientation is "a group of people who have ideals and pursuits in life and career, know how to enjoy themselves, are more willing to struggle, and sometimes have the need to study, do business, investigate or travel abroad."
1. Installment payment
Installment payment for credit card consumption of Bank of Communications is provided to Pacific Dual-currency Credit Card, Liu Xiang VISA Credit Card, Y-POWER Credit Card, Pacific RMB Credit Card, various co-branded credit card main cardholders and supplementary cardholders;
the initial amount of bank of communications credit card is: RMB 1,5/USD 1; (Y-POWER card RMB 5 yuan/USD 6)
Number of optional periods: you can freely choose 3, 6, 9, 12, 18 and 24 periods;
The credit card consumption installment amount of Bank of Communications will be released by installment after repayment.
charging standard:
installment amount (RMB) and installment fee rate
Since July 15th, 211, the installment fee rate of Bank of Communications' "split if you want" bills has been uniformly adjusted to .72%/ month. Before July 15, 211, the cardholder has successfully handled the "split if he wants" bill by installments, and the handling fee rate is still implemented at the original rate.
2. Late payment fee
If the actual repayment amount is lower than the minimum repayment amount on the due repayment date, a late payment fee will be paid for the unpaid part of the minimum repayment amount. The proportion of overdue fine shall be uniformly stipulated by the People's Bank of China, which is 5% of the unpaid part of the minimum repayment amount. The minimum charge for RMB accounts is RMB 1 yuan, and the minimum charge for US dollar accounts is US$ 1 (except for designated card types).
Bank of Communications credit card installment calculator: 3, yuan divided into 9 installments.
Many cardholders don't know how to repay after using Industrial Credit Card for large overdraft. If you don't have enough money in your hand to repay in full, it is suggested that you can repay in installments, but you have to pay a handling fee in addition to the principal in each installment. Let's take Xingye Taobao co-branded card as an example to teach you how to calculate the installment fee.
The Industrial Bank Taobao co-branded credit card is a co-branded card for Industrial Bank and Taobao, a subsidiary of Alibaba Group, which creates a convenient and comfortable life concept for life experts, and is full of legends.
Different from other credit cards, the biggest advantage of this credit card is that Taobao can accumulate credit card points, and the points can also be used to deduct cash when shopping in Taobao. Of course, if there are too many shopping cards in Taobao, you can also ease the repayment pressure through the installment of bills.
Note: You can apply for installment when the bill consumption amount is above 1 yuan, and the installment amount shall not exceed 95% of the bill amount of the current period.
Societe Generale Taobao co-branded card
Societe Generale credit card bill installment fee
The bank's credit cards are available for 3 to 36 installments, and the corresponding charging rates are .85% for 3 installments, .75% for 6 installments, .75% for 12 installments, .75% for 18 installments and .75% for 24 installments. .72% for 36 installments
Monthly handling fee = total installment amount × monthly handling fee rate
For example:
Mr. Li's credit card bill for Xingye Taobao co-branded card in June was 3, yuan, and the installment amount was 2,85 yuan. He applied for repayment in 6 installments through mobile banking, and the handling fee rate was .75%.
monthly repayment of principal: 285÷6=475 yuan
monthly handling fee: 285×.75%=21.38 yuan
monthly repayment amount: 475+21.38=496.38 yuan
Bank of Communications credit card installment calculator: 1, yuan in 18 installments. Many credit cards of Industrial Bank have this function, including the co-branded card of Industrial Taobao. However, I would like to remind everyone that credit card withdrawals are subject to procedures. Let's take a look at how to calculate this fee.
Industrial Bank's Taobao co-branded credit card is a co-branded card of Industrial Bank and Taobao, a subsidiary of Alibaba Group. The biggest advantage of this credit card is that Taobao can accumulate credit card points, and the points can also be used to deduct cash when shopping in Taobao.
of course, if you forget to bring cash when you go out or you are in urgent need, you can also use this card to withdraw cash from the ATM to solve the urgent need. What I want to remind you here is that you must abide by the rules when withdrawing cash.
cash withdrawal rules for Societe Generale Taobao co-branded card
1. Cash withdrawal limit: Under normal circumstances, the cash withdrawal limit of Societe Generale credit card is 5% of the credit limit, including Taobao co-branded card.
2. Handling fee: 2% of the transaction amount regardless of the same city or different places, with a minimum of RMB 2 yuan or USD 2 per transaction.
3. Interest: advance cash is not entitled to interest-free repayment. From the date of cash withdrawal to the date of settlement, interest will be charged at the expected annualized interest rate of .5 ‰ per day, with compound interest on a monthly basis.
For example,
Card friend Xiao Qi used the Societe Generale Taobao co-branded card on 15th to withdraw 1, yuan, which will not be paid off until 15th of next month. The expenses she needs to pay are as follows:
Interest: 1,.5% 3 = 15 yuan,
Withdrawal fee: 1,1% = 1 yuan;
total cash withdrawal fee * * *: 15+1 = 25 yuan.
how to calculate the installment fee of bank of communications credit card?
installment fee for traffic credit card
(1) Bottom line of installment amount: RMB 1,5 or more for single swipe card and RMB 5 or more for Y-power card.
(2) Handling fee collection method: installment payment
(3) Early repayment regulations: If you apply for early termination of installment payment, you must return all the remaining principal and handling fee in one lump sum on the next repayment date; If you apply for ending the installment payment in advance because of the return of goods, you need to return all the remaining principal in one lump sum on the next repayment date, and the fees paid for each installment will not be refunded, and you must provide the certificate of the return purchase order as proof and be recognized by our customer service center.
(4) application method: telephone 489888 to apply for website application
(5) application time: from 2 days after the trading day to 3 days after the due repayment.
Bank of Communications credit card installment interest standard:
Monthly rate with transaction amount of 15 (inclusive) -65.
the monthly rate for the transaction amount is 65 (inclusive) -125.
the monthly rate for the transaction amount above 12,5 (inclusive).
(6) Bank of Communications credit card installment number: Bank of Communications has six installment numbers, namely, 3, 6, 9, 12, 18 and 24, and the handling fee rate is that the handling fee is charged monthly for the current period, and the installment function can only be used when a single consumption is 1,5 yuan. Bank of communications bank credit card summary
The online introduction of Bank of Communications credit card installment calculator and Bank of Communications installment interest calculator is over. I wonder if you found the information you need?