Whether you are shopping online or in a physical store, you need to pay attention to two parts when using China Merchants Bank credit card for staging:

(1) Minimum installment amount

For the installment payment of RMB bills, the minimum application amount shall not be less than 300 yuan RMB each time; For the installment payment of USD bills, the minimum application amount shall not be less than USD 65,438+000 each time. After the installment of RMB or USD bill is successful, the principal and handling fee of each installment will be credited to RMB account, that is, the installment amount of USD bill will be converted into RMB at the exchange rate specified at the time of application.

(2) Handling fee calculation

China Merchants Bank offers seven installments, namely, the second installment, the third installment, the sixth installment, 10 installment, 12 installment, 18 installment and 24 installment, and the corresponding handling fees for each installment are 1.0%, 0.9%, 0.75% and 0. Handling fee per installment = total installment principal × handling fee rate per installment corresponding to the number of installments. After the bill installment business application is successful, the handling fee will be credited to the RMB account of the credit card in installments. The repayable principal of each installment of the bill is equal to the total installment principal divided by the number of installments. The principal payable in each installment (accurate to the minute) is credited to the cardholder's credit card account every month, and the balance is credited to the last installment.