Card friends all know that credit card installment payment is not a "free lunch" provided by banks. Although interest-free, it is not free. How to repay the credit card in installments is also related to the handling fee payment method chosen by the cardholder. The cardholder only needs to deposit the installment principal and handling fee into the credit card bill in full on the repayment date of each installment.
First, the credit card installment fee is charged in installments.
Most banks charge credit card installment fees, such as China Merchants Bank, China Construction Bank, China Guangfa Bank, Bank of Communications, China CITIC Bank and Minsheng Bank.
Credit card installment, repayment amount per installment = total installment amount/number of installments+total installment amount * installment interest rate per installment.
Take China Merchants Bank as an example: the credit is granted in three installments, with a total rate of 3,000 yuan; the repayment amount of each installment = 3,000/3+3,000 * yuan.
Two, the credit card installment fee is charged at one time.
Under normal circumstances, if the bank has a one-time payment method, the installment fee will be lower than the installment fee, and ICBC, Shanghai Pudong Development Bank and China Everbright Bank can all pay the installment fee in one lump sum.
The credit card is paid by installment, and the handling fee is paid in one lump sum. The cardholder needs to pay the installment principal of the current period+the full handling fee on the first repayment date of the installment bill, and only needs to repay the installment principal in the future.
Credit card installment requires the cardholder to deposit the installment principal and handling fee into the credit card account on time. Different banks offer different payment methods for installment fees, and cardholders can choose according to their repayment ability.