How to apply for installment with CCB credit card
1. Apply with WeChat official account: Follow the official official account of "China Construction Bank", bind your personal credit card, and select "Credit Card - Bill Installment - Application" Installment" is enough. (Honor 50MagicUI4.2; WeChat 8.0.16)
2. Mobile banking application: Directly open the China Construction Bank Mobile Banking APP, enter the credit card page, find the credit card bill, and click "Bill Installment Application".
(Honor 50MagicUI4.2; China Construction Bank 5.6.1)
3. Online banking: Log in to your personal online banking account, select "Credit Card Inquiry - Inquiry of Bills Issued - Apply Bill Installment”.
Common installment repayment methods:
1. Equal principal and interest
It means that within the repayment cycle, the total amount of repayment is the same every month, and the monthly repayment amount is the same. The payment includes principal and current interest, and current interest is calculated based on the remaining principal at the beginning of the period. During the repayment cycle, the principal is repaid every month, so the proportion of interest in the total monthly repayment amount is getting smaller and smaller, and the proportion of principal is getting larger and larger.
Advantages
(1) The monthly repayment amount is the same, and there is no need to check the monthly limit
(2) Suitable for long-term loans (more than 10 years or longer)
Disadvantages
It is relatively uneconomical to pay too much interest in the early stage and settle it early
2. Equal principal amount
The lender spreads the principal into each month and pays off the interest between the last transaction day and the current repayment date. Compared with equal principal and interest, this repayment method has lower total interest expenses, but more principal and interest are paid in the early stage, and the repayment burden decreases month by month. The main reason is that there are more choices when buying a house.
Advantages
The total interest expense is less
The repayment pressure will be smaller in the later period
Disadvantages
The early repayment pressure is relatively high
3. Interest first, principal later
Refers to monthly interest payment and repayment of principal when due. That is to say, during the repayment cycle, only the interest is required to be repaid each month, and the entire principal is repaid in one lump sum after the loan matures.
Advantages
No principal is repaid every month, only interest is paid, which means low repayment pressure and high fund utilization rate.
Disadvantages
After maturity, the repayment pressure is high because the entire principal must be repaid at once. Once the application is not timely, it may be overdue and affect your credit report.
4. Borrow and repay at any time
It means that within the credit limit, you can borrow money at any time, there is no fixed repayment plan, and you can repay the loan at any time. After the loan is repaid, the limit will be restored. This repayment method usually calculates interest on a daily basis, and there is no handling fee for early repayment; and the credit line can be used repeatedly and repeatedly with no limit on the number of times.
How to apply for installment repayment with CCB credit card
You can apply for CCB credit card installment through mobile banking. The steps are as follows:
Operating environment:
Brand model: iPhone13
System version: iOS15.3.1
App version: v5.6.7.001
1. Enter the "CCB Mobile Banking App".
2. Click "Credit Card" - "Bill Installment Application" in sequence.
3. Follow the prompts to select installments.
Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder, and then allows the cardholder to pay in installments The process of repaying money to the bank and paying handling fees. The bank will deduct consumption funds and handling fees from the cardholder's credit card account in installments based on the cardholder's application, and the cardholder will repay according to the monthly credit amount.
In the early days of the credit card installment business, banks often promoted it as "interest-free", and indeed many citizens were "fooled". In fact, interest-free is not free, it’s just called something different.
In general, the one-year credit card installment fee is lower than the annual cash withdrawal interest of 18%, and higher than the bank's one-year commercial loan interest of 5.31%. It is worth mentioning that commercial bank loan interest rates have been reduced many times in recent years, but the standards for credit card installment fees and cash withdrawal interest have rarely changed.
Although the standards for credit card installment payment fees vary from bank to bank, the calculation method is roughly the same.
Assume that the installment amount is 1,200 yuan, divided into 12 installments, with each installment (monthly) repayment of 100 yuan, the handling fee is 0.6%/month, and the actual deduction per month is 1,001,200×0.6%=107.2 yuan. If other factors are not considered, the convertible nominal annual interest rate is 7.2%. However, the cardholder does not always owe the bank 1,200 yuan. In the last month, he actually only owed the bank 100 yuan, but the bank still charged a handling fee of 1,200 yuan. .
According to calculations, the true annual interest rate paid by cardholders is approximately 15.48%. According to the correct calculation formula, it should be 12000.6% (10.6%)^12/((10.6%)^12-1)=103.94 yuan, which means an extra 3.2% handling fee per period.
From the perspective of the form of installment payment, when cardholders handle this business, the starting amount of a single transaction is limited, and the installment repayment grades and handling fee standards are also different; it can be roughly divided into three types. Category:
The first category is carried out in cooperation between banks and special merchants, but the product types are limited;
The second category is the bank’s product catalog, which is selected by the cardholder from the catalog. After purchasing, the bank then entrusts the supplier to deliver the goods to the customer;
The third category is not limited to merchants and goods. After the cardholder purchases, he or she can apply for installment repayment from the bank. Some banks even accept the payment. The scope is set to global.
How to repay in installments with CCB credit card
Operating environment:
Brand model: OnePlus 10Pro
System version: ColorOSV12.1< /p>
App version: v5.6.7
The CCB credit card installment application method is as follows:
1. CCB credit card SMS application for installment. Use the mobile phone number reserved with China Construction Bank, edit the text message "CCZZ#last 4 digits#amount#issue" and send it to the official phone number of China Construction Bank to apply for installment repayment.
2. CCB credit card mobile banking installment. Enter "CCB Mobile Banking", click "Credit Card" - "Bill Installment Application" and fill in the information as prompted.
3. CCB credit card online installment. After logging into the official website of China Construction Bank, personal online banking users select "Credit Card Inquiry" - "Select" - "Query Issued Bills" - "Apply for Bill Installment".
4. CCB credit card phone installment. To apply by phone, call the CCB credit card customer service number, enter the information and follow the prompts.
CCB Credit Card is a credit card issued by China Construction Bank. All credit cards issued by China Construction Bank are named "Dragon Card", and the types include: Dragon Card Prestigious School Card, Dragon Card Business Card, Dragon Card Car Card, etc.
Knowledge
No annual fee policy: swiping the Gold Card 3 times or 18 times will waive the annual fee for the following year (excluding business cards, car cards and other special cards)
p>Cash withdrawal handling fee: Domestic: 5‰ of the transaction amount, minimum 2 yuan, maximum 50 yuan; overseas: 3% of the transaction amount, minimum 3 US dollars.
Multiple account management: Limit ***Enjoy multiple CCB cards with the same billing date and independent repayment
Online payment: Alipay: You can use it after online registration, single payment and single payment The daily limit is 500 yuan
Instalment business: interest-free installments (3, 6, and 12 installments) from specific merchants are supported. After a single purchase of more than 1,000 yuan, you can call to apply for installments (3, 6, 12, 18, 24 installments). Each installment will incur different handling fees depending on the number of installments
Billing date: every month There are multiple billing dates, and the cardholder can change it once a year during the validity period of the card
Currency: RMB, RMB/USD, RMB/EUR.
Interest
During the interest-free repayment period: The interest-free repayment period refers to the interest-free period for consumption transactions enjoyed by cardholders who repay in full on time. The interest period starts from the bank accounting date to the repayment date, with a minimum of 20 days and a maximum of 50 days. Overdraft cash withdrawal transactions do not enjoy the interest-free repayment period.
Tips:
If you fail to repay the loan in full before the due payment date, you will not enjoy the interest-free period. China Construction Bank will charge interest at a daily rate of 5/10,000 and compound interest on a monthly basis. The interest accrual date is from the date of consumption to the repayment date, and the interest accrual principal is calculated based on the actual amount payable.
If you fail to repay before the due payment date or the repayment amount is less than the minimum repayment amount, China Construction Bank will not only charge interest according to regulations, but also charge the unpaid portion of the minimum repayment amount. 5% late payment fee is charged.
Can I apply for installment with CCB credit card?
Can I apply for installment with CCB credit card? You can apply through WeChat application, SMS application, mobile banking application, and online application.
1. WeChat application
Follow the "CCB Electronic Banking" public account;
Bind a credit card, click "Credit Card" - "Bill Installment" - " Click here to apply for installment.”
2. SMS application
Use the mobile phone number reserved by China Construction Bank, edit the text message "CCZZ last 4 digits#amount#issue" and send it to 95533 to apply for installment repayment .
3. Mobile banking application
Enter "CCB Mobile Banking", click "Credit Card" - "Bill Installment Application" and fill in the instructions.
4. Online application
Log in to the official website of China Construction Bank. For personal online banking users, please click Apply for Bill Installment and select "Credit Card Inquiry - Select - Query Issued Bills - Apply for Bill Installment".
After entering the credit card channel, registered users click to apply for bill installment and select "-Bill issued--RMB-Apply for bill installment".