The calculation method of credit card fee is: transaction amount × installment fee rate × number of installments.

The handling fee rate is different in different periods, depending on the bank's standards. For example, if you spend 6,000 yuan in three installments and the handling fee rate is 1.95%, then the handling fee for each installment is 39 yuan, and the monthly repayment amount is 2 1 17 yuan. The handling fee rate for the sixth installment is 3.6%, so the installment fee for each installment is 36 yuan.

I believe that many people will receive enthusiastic text messages or even phone calls from banks after using credit cards to remind users that they can use the installment repayment service. The reason given by the bank is that staging has many advantages, such as extending the repayment period of credit cards, reducing short-term financial pressure and avoiding overdue credit cards.

But in fact, banks are also unprofitable and can't afford it long ago. It is obviously unkind to suggest users to choose installment repayment. So what are the benefits of credit card installment repayment for banks? It's actually quite simple. Users' installment repayment can bring benefits to the bank. If they repay in full before the final repayment date, the bank will not earn a dime from the users.

Interest refers to the reward that the currency holder (creditor) gets from the borrower (debtor) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit.

Definition:

1. Money other than the principal of deposits and loans (different from "principal").

2. The abstract interest point refers to the value added when monetary funds are injected into the real economy and returned. Generally speaking, interest refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for using the borrowed currency or capital. Also known as the symmetry of sub-fund and parent fund (principal). The calculation formula of interest is: interest = principal × interest rate × deposit period (i.e. time).

Interest is the reward that the fund owner gets for lending the fund, which comes from a part of the profits that the producer makes by using the fund to play its operational functions. Refers to the value-added amount brought by monetary funds injected into the real economy and returned. The calculation formula is: interest = principal × interest rate × deposit period × 100%.

3. Classification of bank interest

According to the different nature of banking business, it can be divided into bank interest receivable and bank interest payable.

Is the credit card bill installment interest-free?

Credit card installment payment generally has no interest and only charges a handling fee. Whether there are points depends on what you buy in installments. For example, there are generally no points for buying a car and swiping a card in a restaurant or supermarket. In addition, when the bill is divided into installments, banks often have activities to send points.

The following are the installment fee standards of several banks:

1. ICBC credit card installment fee: 3 installments are free, 6 installments 1.8%, 9 installments 2.7%, 12 installments 3.6%, 18 installments 5.85%, and 24 installments 15.6%. (One-time charge)

2. Agricultural Bank of China credit card installment fee: 0.6% per month (charged monthly).

3. China Bank's credit card installment fee: 65438+3 installment 0.95%, 6 installment 3.6%, 9 installment 5.4%, 12 installment 7.5%, 24 installment/1.7% (one-time charge).

4. Installment fee of CCB credit card: 0.7% for the third installment and 0.6% for the sixth installment, 12 installment (charged monthly).

5. Credit card installment fee of CITIC Bank: 1, 1.50%, 3 0.82%, 6 0.82%, 12 0.77% (charged monthly).

6. Installment fee for Pudong Development Credit Card: 0.72% for the third installment, 0.7% for the sixth installment and 0.66% for the 12 installment (charged monthly).

7. Credit card installment fee of China Merchants Bank: 2 1.0%, 3/0.9%, 6/0.75%, 10 0.7%, 12/0.66%, 18/0.68% and 24/0.68%.

8. Bank of Communications credit card installment fee: 0.72% per month (charged monthly).

9. Installment fee of Guangfa Credit Card: 0.65% for the 6th installment 12 installment, 0.7% for the 8th installment/kloc-0 installment, and 0.72% for the 24th installment (charged monthly).

How to get credit card installment without interest and handling fee?

Credit card installment fees cannot be waived and there is no interest.

Take the credit card of Guangfa Bank as an example:

According to Article 3 of the Bill Installment Agreement

1. The principal payable in each installment of the bill = total principal in each installment ÷ number of installments. The principal payable in each installment (accurate to the minute) is credited to the cardholder's credit card account every month. If the total amount of installment principal cannot be divided, the remaining part shall be recorded in the last installment; If any amortization amount is overdue, the bank will charge the cardholder liquidated damages and revolving credit interest in accordance with relevant laws and regulations.

2. The billing installment fee is divided into monthly apportionment and one-time collection. The billing installment fee depends on the credit status of the cardholder and the comprehensive service cost provided by the bank for the cardholder.

If the bill is shared monthly, the cost shared by each bill month = total installment principal × installment rate; If it is a one-time charge, the one-time charge is equal to the total installment principal × the rate of each installment × the number of installments.

Extended data:

Relevant clauses of bill installment agreement

1. After the cardholder successfully handles the bill installment, if the cardholder fails to fully repay the remaining bill amount except the bill installment amount in the current period, it will be regarded as insufficient repayment, and even after the customer applies for bill installment, it will still generate circulating credit interest or liquidated damages.

2. If the cardholder who has successfully handled the bill installment business still has extra money after repaying the credit card due in the current period on schedule, the money will be regarded as his own deposit, and the subsequent installments will not be paid off in advance.

3. The cardholder understands and agrees that after applying for bill installment business, the bank has the right to examine and decide whether the amount of bill installment business occupies the consumption quota according to the cardholder's card usage. At the same time, during the installment period, the bank has the right to release the installment amount occupying the consumption quota in advance according to the risk of customers using the card.