Calculation formula of credit card installment fee:
Handling fee = installment interest rate of installment principal.
For example, the credit card is divided into 12 installments of 3000 yuan, and the handling fee rate is 0.72%, and the handling fee for each installment is 3000/120.72%+3000/12.
Credit card bill installment application requirements:
1. Time to apply for installment bills
From the trading day to the repayment date, you can freely choose the installment transaction under RMB or USD account.
For unbilled transactions: you can apply for installment payment between the transaction date of 19:30 and the billing date of the bill corresponding to the transaction.
For bills that have been issued, you can apply for installment from the day after the billing date to the due repayment date (for customers with automatic repayment in the account, the deadline for application is due repayment date 17:00).
2. Conditions for applying for installment bills
The applicant must hold a personal card with a bank credit card, have a good record of using the card and have no delay in repayment in the current period. Customers who only hold business cards, business cards, purchasing cards, ANA protection cards or supplementary cards cannot apply for bill installment for the time being.
3. Bill installment application 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.
How to calculate the credit card handling fee for investment installment?
Take the credit card of China Merchants Bank as an example to apply for bill installment. The charging standard of bill installment: Our bank provides cardholders with various installments, including 2 installments, 3 installments, 6 installments, 10 installment, 12 installment, 18 installment, 24 installment and 36 installment, and the corresponding handling fee rate for each installment is/kloc-0. At present, the application for non-single transaction only supports 2, 3, 6, 10 and 12. Two of them can only be applied through our mobile banking and pocket life channels, and 36 can only be applied through our customer service and pocket life channels. Handling fee per installment = total installment amount × handling fee rate per installment. The total installment principal is amortized monthly, and the balance is included in the last installment. At the same time, the installment amount and the handling fee of each period are recorded.
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
Credit card repayment method
In the issuing bank, this method includes: issuing bank counter, ATM, online banking, automatic transfer, telephone banking repayment, etc. The credit card limit will be restored immediately after repayment, and the money will generally be recorded after being processed by the system on the same day.
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Transfer/remittance repayment is mainly divided into two ways: inter-bank in the same city and inter-bank in different places. Whether it is transfer or remittance, the remittance bank will charge a certain fee, and the payment time and repayment convenience are not as good as those of peers, online repayment and convenience stores.
Common online platforms for online repayment in China include UnionPay Online, Kuaiqian, Shengfutong, Alipay and Tenpay. Choose different platforms and banks, and the charging standards and specific arrival time are different.
Convenience store repayment is mainly completed through the "Lacarra" smart payment terminal installed in the convenience store. Generally, it will arrive in 2~3 working days, and there is no handling fee for repayment in this way.
Counter repayment refers to the bank card issued by various networked financial institutions, and the RMB current deposit and withdrawal transactions are conducted through the counters of other bank outlets registered in the host system of UnionPay Trading Center.
Xinfutong Repayment "Xinfutong" smart credit card phone is an innovative electronic product independently developed by China UnionPay, certified by the Bank Card Testing Center and supported by the financial services provided by China UnionPay's inter-bank information exchange network.
Repayment Pass uses "Repayment Pass" for repayment, and generally charges fees according to the charging standards for inter-bank transfer in the same city and inter-bank remittance in different places stipulated by the local people's bank.
In addition to the above methods, the issuing bank has also opened its own repayment methods in order to facilitate the cardholder's repayment.
How much is the installment fee for China Merchants Bank's credit card?
The handling fee is related to the amount of the bill. Credit card installment of China Merchants Bank can be divided into bill installment and cash installment. The number of bill installments is 3, 6 and 12, and the corresponding handling fees are 0.9%, 0.75% and 0.66% respectively. The number of cash installments is 3, 6 and 12, and the corresponding handling fee rates are 0.95%, 0.80% and 0.75% respectively.
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1. The credit card installment of China Merchants Bank can be divided into bill installment and cash installment. Bill installment means that on the repayment date, the cardholder can't pay off all the debts in one lump sum. In order to alleviate the repayment pressure, he applies for bill installment and repays the installment amount in the bill. Cash installment is similar to, after the agreed amount and number of installments, the bank will directly deduct the money you specify, and you can withdraw it freely.
2. Both bill installment and cash installment will generate a certain handling fee, and the handling fee rate of bill installment is slightly lower than that of cash installment. The number of installments of China Merchants Bank's bill is 2, 3, 6, 10, 12, 18 and 24, and the corresponding handling fees are 1.0%, 0.9%, 0.75%, 0.66% and 0.68 respectively. The number of cash installments of China Merchants Bank is 3, 6, 10, 12, 18 and 24, and the corresponding handling fee rates of each installment are 0.95%, 0.80%, 0.75%, 0.75% and 0.75% respectively.
3. How to apply for installment repayment of China Merchants Credit Card is the repayment method that cardholders choose when they can't pay off all the debts in a short time. There are four ways to apply for credit card of China Merchants Bank by stages: online banking application, telephone application, SMS application and WeChat application. Online banking application: enter the credit card center of China Merchants Bank, log in to personal online banking, click installment financing-bill installment, enter the installment amount, and select the installment number. Telephone application: Call the credit card service hotline of China Merchants Bank, verify your identity, select the credit card limit according to the voice prompt, and then determine the installment amount and times according to your own needs. Telephone application: Call the credit card service hotline of China Merchants Bank, verify your identity, select the credit card limit according to the voice prompt, and then determine the installment amount and times according to your own needs.
How much is the credit card installment fee of China Merchants Bank ~ ~
The installment fee of China Merchants Credit Card is based on the evaluation results, as follows:
The bank will provide cardholders with personalized choices such as 2, 3, 6, 10, 12, 18, 24 and 36;
The single installment fee rate is 0%~ 1.67%, and the actual installment fee and the number of applicable installments are subject to the real-time evaluation results of China Merchants Bank Credit Card Center.
Extended data:
China Merchants Bank cannot handle bill installment:
1, cash advance transaction, installment transaction, real estate transaction and various expenses (such as annual fee, interest, late payment fee and other credit card expenses);
2. Funds that have been applied for purchasing foreign exchange;
3. Other transactions designated by the Bank's credit card center.
References:
China Merchants Bank-Frequently Asked Questions on Credit Card Bill Staging
China Merchants Bank credit card installment rate
There is no interest on the credit card installment of China Merchants Bank, only the installment fee, and the rate of each installment fee is between 0%- 1.67%.
If a credit card is divided into installments, there is generally only an installment fee, and there is no interest. Only credit card overdraft consumption and cash withdrawal have interest.
The installment fee rate of China Merchants Bank's credit card is related to the number of installments. The longer the installment time, the lower the fee rate. At present, China Merchants Bank offers seven installments, namely, installment 2, installment 3, installment 6, installment 10, installment 12, installment 18 and installment 24, and the corresponding handling fees for each installment are 1.0%, 0.9%, 0.75% and 0.7 respectively.
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.
5,000 yuan is repaid in installments. If the repayment is made in six installments, and the handling fee rate of each installment is 0.75%, then the handling fee of each installment = 50,000.75% = 37.5; The principal payable in each installment =5000/6=833.33 yuan; Total amount to be repaid in each period =37.5+833.33=870.83 yuan.
The installment payment handled by China Merchants Bank's credit card can be paid off in advance, but the service charge of China Merchants Bank's credit card installment payment is one-time, that is, when you choose installment payment, the first bill amount and installment fee are paid in one lump sum. There is a one-time handling fee, so even if you pay in advance later, you won't get a refund.
It should be noted that if interest is charged at one time when installment payment is made, the interest charged before prepayment will not be refunded. If the interest is charged monthly, then the interest after your prepayment will not be charged again. The specific amount can be consulted by China Merchants Bank Credit Card Customer Service.
The introduction of credit card installment rate of China Merchants Bank ends here.