Credit cards can be repaid in installments. Generally, banks can choose three, six, nine, 12, 18 and 24 installments freely, and the term of each installment is 1 month. The bank will charge the corresponding handling fee for each installment according to the installment amount and the number of transactions you apply for, combined with your personal credit situation. The monthly handling fee rate is 0.5% to 1.0%.
Credit card repayment.
On the Similarities and Differences among Credit Card Repayment, Credit Card Trading Date and Entry Date
Trading day: Literally, it refers to the date when the cardholder actually consumes, deposits and withdraws cash, transfers money or actually conducts transactions with relevant institutions.
Account entry date: refers to the date when the card issuer records the transaction amount in the cardholder's credit card account or records the handling fee and interest in the cardholder's credit card account according to regulations.
The trading day and posting day are sometimes the same day, and sometimes they are not. Especially in foreign consumption, the difference between the two may be more than one day.
This point, many old drivers who grab cash back from consumption abroad must have a deep understanding, and many of them are defeated because they don't understand the difference between these two dates.
It's not that everyone is inexperienced, but the entry dates of different banks are different, even the same bank is different every month. This rule is really hard to touch.
In fact, it is not only overseas activities, but many banks like to calculate their activities on the entry date. You may wish to pay attention to the detailed description of various activities to avoid accidentally falling into the pit.
About overdue credit cards
Speaking of overdue, let's explain it with a few nouns.
The billing date means that the issuing bank will regularly summarize and settle all the transactions and expenses of your credit card account in the current period every month, calculate the interest, calculate the total amount owed in the current period and the minimum repayment amount, and send you a statement (paper bills are almost extinct now, basically text messages and emails). This date is your credit card bill.
Repayment date: credit card is a non-cash transaction, and the interest-free repayment date is from the bank bookkeeping date to the due repayment date, and the last interest-free date is the last repayment date written on the bill.
The minimum repayment amount means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can repay according to the minimum repayment amount stipulated by the issuing bank, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is listed on the current bill.
Minimum repayment amount = 65438+ 00% of the unpaid consumption within the credit line (5% in some banks)+65438+000% of the cash advance transaction amount+65438+000% of the unpaid part of the previous minimum repayment amount+65438+000% of the consumption exceeding the credit line+65438+000% of the expenses and interest.
In short, as for the minimum repayment amount, just look at the items on the bill.
Ok, with the above noun explanation, this overdue is easy to explain.
If the minimum repayment amount has not been paid after the last repayment date, even if it is overdue, it may be recorded in the credit report.
The reason why it can be published in newspapers is that many banks have set aside some exemption conditions. When the technical term is tolerance, it is regarded as mercy outside the law.
"Tolerance and time tolerance" is a general term for "tolerance service" and "tolerance and time tolerance service" of bank credit cards.
"Tolerance service" means that the cardholder fails to repay in full in the current period, and if the unpaid part in the account is less than or equal to a certain amount after the due repayment date, it is deemed that the cardholder has repaid in full, and the unpaid part will be automatically transferred to the next bill, and the unpaid part will not bear interest.
"Time-tolerant service" refers to providing cardholders with a certain period of repayment grace period service, and the repayment grace period is within a few days from the due repayment date; If the cardholder repays within the repayment grace period, it is deemed that the cardholder repays on time.
The repayment date of general banks is 20 days after the bill date, and some banks are 25 days after the bill date; Generally, the holding time is 2 or 3 days (note that the holding time of ICBC is 0 days); Tolerance is generally within 10 yuan, and only China Everbright Bank can tolerate it within 100 yuan.
In addition, the time difference services of Guangfa Bank, China Everbright Bank and Shanghai Pudong Development Bank can only be enjoyed upon application. In this regard, the application time tolerance is understandable. If you realize tolerance, you will definitely pay back a few dollars. Who would bother to apply? With the threshold of application, it means that there is no such service.
Then, after the bank allows the time to form a real overdue, will it definitely pollute the credit information?
The answer is also no.
Because banks don't report overdue in real time, they all have their own work rhythm, and the fastest one takes one working day, and some banks even report it in ten days.
This overdue report is also the last remedy for everyone. Pay back in full and take the initiative to explain your last move (such as forgetting, such as not having time to travel on a business trip, etc.). ), and be sincere, so that it is possible to "save the day."
Of course, saying this is not to make everyone feel lucky and delay repayment, but to solve it as soon as possible once it is overdue, and don't break the jar without asking.
Credit card interest
Even if it is overdue accidentally, if it is not paid in full by the repayment date, there will be a large interest fee waiting for you.
Interest: Due to cash withdrawal or insufficient repayment (only the minimum repayment amount) on the repayment date, the current common algorithm for credit card interest is the daily interest rate of five ten thousandths. Whether it is overdue or not, as long as it is not repaid in full after the repayment date, this interest will be generated.
Reminder: One billing cycle is the calculation cycle of interest, and the interest of the next cycle will be incorporated into the principal for recalculation.
Here are a few points to note:
1, cash withdrawal is different from credit card consumption, and there is no interest-free period. As long as you withdraw from the current bank, you can start calculating interest. If you don't make up the money for an emergency, remember to pay it back quickly. Don't wait until the repayment date to pay it back together. There will be a large interest fee waiting for you.
Of course, everyone must know this. Everyone takes it on the same day and returns it on the same day. It doesn't need interest, only a handling fee.
The interest-free period of credit card consumption is conditional, that is, you must repay in full before the repayment date. If only the minimum repayment amount is paid, the interest will be calculated in full, although it will not cause bad news of overdue.
Related repayment
Some people may say that I linked a debit card and set up automatic repayment. No matter how many pits I have, I can't be cheated.
If you think so, there may be a bigger pit waiting for you.
Because credit card repayment still has a problem of pressing the card or the account, one thing you must keep in mind! I can't figure this out. I'll wait for you after the deadline
Find out which banks are pressing cards and which banks are pressing households, and make relevant repayments in a targeted manner.
How to divide credit card shopping by installment?
There are two forms of credit card installment, one is single installment and the other is bill installment.
1, single installment, also known as free installment. That is, no matter where the cardholder spends money, as long as the amount of a single credit card exceeds a certain standard, he can apply for transaction installment within the specified period from the transaction date to the bill generation date. Different credit card centers have different regulations on the minimum amount of a single installment; The handling fee rate varies from family to family, and some credit card centers will set different installment handling fee rates according to a single amount.
To apply for a single installment, only two conditions need to be met. One is that the single amount of the credit card meets the standard, and the other is that the cardholder must apply for installment within the specified time period.
2. Bill installment refers to an early consumption method in which the cardholder applies to the issuing bank for installment payment after credit card consumption and before the repayment date.
The minimum consumption of banks applying for installment is basically between 500- 1500 yuan, including ICBC 600 yuan, China Construction Bank, Bank of China, China Merchants Bank 1000 yuan, Bank of Communications 1500 yuan (Y-power card is a single 500 yuan), CITIC 1200 yuan, Agricultural Bank of China and Guangfa Bank. Everbright Bank does not require the amount. As long as the cardholder uses the designated card, the bill will be automatically divided into 12 installments.
How to repay the credit card in installments?
How to repay the credit card in installments:
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
Applicants must hold a personal credit card of China Merchants Bank, 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.
Extended data:
Credit card installment payment refers to the process that when the cardholder uses the credit card to make a large amount of consumption, the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and then the cardholder repays the money to the bank in installments and pays the handling fee. According to the cardholder's application, the bank deducts the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder repays according to the monthly recorded amount.
Credit card installment cancellation:
After credit card installment, if it is not implemented by the system or within the cancellation time specified by the bank, you can call customer service directly or cancel the installment through online banking.
If the credit card installment has been realized, then the cardholder cannot cancel it. However, you can choose to prepay. It is worth noting that the cardholder must have enough funds to repay in full before he can apply to the bank for early settlement of the installment. In addition, the prepayment installment fee still needs to be paid, but no additional prepayment fee will be charged.
It is worth mentioning that if your credit card repayment date is 13 and you have no money to repay in full, and the payday is 15, then the minimum repayment method is the most cost-effective compared with installment repayment.
The difference between credit card transaction installment and bill installment;
1. Different time:
Generally, after the consumption occurs, the installment transaction is carried out and the transaction is recorded, but the bill has not yet come out; However, the bill installment is generally before the repayment date after the bill comes out.
2. Different amounts:
If the credit card is used for transaction installment, it can usually installment the total amount of the whole transaction, while if it is used for bill installment, it can only installment about 90% to 95% of the bill amount.
In addition, their respective fee rates may be different (of course, whether it is transaction installment or bill installment, the number of installments selected is different, and their respective fee rates themselves will be different, depending on the page display). The number of installments may also be different. For example, some credit cards can choose to divide the bill into 36 installments, while the transaction installment can only be divided into 24 installments at most, without the option of 36 installments.
How to apply for installment repayment by credit card?
The credit card installment payment method is as follows:
1. Handling of export:
Cardholders can bring their ID cards and credit cards to the business hall of the bank, apply to the staff for credit card installment, and then fill out the application form, and then they can handle it.
2. Customer service telephone handling:
The cardholder can call the customer service phone of the credit card center, connect the manual service according to the prompt, and then tell the staff that it is necessary to handle the credit card installment payment business, and can provide the ID number and credit card++number as required.
3. WeChat processing: (Glory 20, download WeChat APP in the application mall)
Cardholders can pay attention to the official WeChat account of the credit card center on WeChat, and then find the installment payment entrance in the menu bar below WeChat.
4. Online banking: (Glory 20, the application mall downloads the bank app corresponding to the credit card)
Cardholders can log in to the issuing bank in official website, find the credit card column, select installment payment service, and then log in to their personal accounts.
Credit card is not returned, the main consequences are:
1 will generate high overdue interest.
2. It will be+++by the bank, resulting in economic losses such as litigation costs and attorney fees. 3. Individuals will have bad credit records, which will have an impact on future bank cards and loans.
4. The amount owed is more than 6,543,800 yuan, which constitutes a credit card++crime and will be investigated for criminal responsibility.
Article 196th of the Criminal Law has one of the following circumstances, which constitutes the crime of credit card++. If the amount of credit card++activities is relatively large, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than++or++10 years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property.
Credit card advantage
You can spend without deposit overdraft, and enjoy an interest-free period of 20-56 days to repay on time without any charge (most banks will charge 0.5% interest on the day of cash withdrawal, and there will be a 2% handling fee, but ICBC will only charge interest).
It is not only safe and convenient to swipe your card when shopping, but also a bonus gift.
Special merchants who hold cards in banks can enjoy preferential treatment.
Accumulate personal credit, add credit records to credit files, and benefit for life.
Access to the whole country is barrier-free, and you can withdraw money or spend money by credit card on ATM and POS machines with UnionPay logo;
Excuse me, how can I repay my credit card in installments?
When your capital repayment is under pressure, choosing credit card installment repayment can alleviate your capital pressure and will not affect your personal credit information.
There are several common ways to choose credit card installment repayment, which can be selected according to your own needs:
1, the method of telephone application. At present, many customer service staff of the bank will call to ask whether it is necessary to apply for credit card installment before the repayment date, and they can choose 3 months, 6 months, 12 months according to their repayment ability. At the same time, you can also take the initiative to apply by phone or edit short messages to the credit card short message platform;
2. Log in to the bank official website to enter the credit card center, apply for credit card installment repayment business, and click on the installment amount and repayment period to confirm;
3. Pay attention to the official account of credit card WeChat, enter credit card installment in the query column, and the content of installment business will pop up, or you can choose to handle it according to your own needs;
4. Go to the bank counter. If you are not clear, you can directly consult the bank counter staff for face-to-face communication.
Now credit card installment business is a regular service launched by banks, and everyone can handle the business according to their actual needs.
For more information about how to repay credit cards in installments, please visit: See More.
How to installment credit cards?
How to installment credit cards?
Now there are almost several bank cards, and many people start to raise cards with them. However, only by understanding the credit card swiping methods supported by banks can we increase the credit card limit, and there are many skills to raise cards. Let's take a look at how to repay the credit card in installments.
How to pay by installment credit card 1
First, credit card installment payment
Credit card installment payment refers to the process that when the cardholder uses the credit card to make a large amount of consumption, the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and then the cardholder repays the money to the bank in installments and pays the handling fee. According to the cardholder's application, the bank deducts the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder repays according to the monthly recorded amount.
Second, how to repay the credit card in installments
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
Applicants must hold a personal credit card of China Merchants Bank, 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 divide credit cards into stages 2
The credit card installment payment method is as follows:
Credit card installment can be handled directly by calling the credit card customer service hotline, and the customer service staff will help the user to handle it; Users can also apply for credit card installment on their own mobile banking. Banks provide users with different stages, and users can decide the number of stages according to their income. Generally, the more installments, the more fees users pay.
Not all the arrears can be handled when handling credit card installment repayment. For example, the interest generated, the withdrawal amount and the previous installment amount cannot be repaid in installments, and the user needs to pay it off in one lump sum. Installment arrears are the normal credit card consumption amount of the user in the last consumption cycle.
After the installment repayment, there can be no overdue situation; If it is overdue, it will have an impact on personal credit information. If it is still difficult for users to repay by installment, then you can consider using the minimum repayment amount, which is lower than the installment amount, but not all consumers can enjoy the interest-free period by using this repayment method.
Many friends and relatives around me have used credit card bill installment, saying that credit card bill installment is really not as good as micro-loan. Micro-loan is a micro-credit product under Weizhong Bank, the first Internet bank in China, which is safe and secure. The operation is also very convenient, and no paper materials need to be provided.
Without mortgage or guarantee, users are invited to enter the micro-loan entrance in WeChat Pay or Q Wallet and borrow money according to the prompt steps. It adopts the method of equal principal and interest, and the daily interest rate is between 0.02% and 0.05%. After the principal is paid off, no interest will be calculated. Loan-as-you-borrow is supported, and users can choose to repay the principal in monthly installments of 5/ 10/20. There is no penalty for prepayment, which can meet the short-term needs of customers.
How to divide credit cards into three stages?
Credit card installment repayment can adopt the following methods:
1. You can go directly to the business hall with your credit card, directly explain to the staff that you need to apply for installment, and fill out the application form with the assistance of the staff.
2. You can call the bank customer service phone for staging according to the voice prompt or direct manual instruction, and follow the instructions of the staff.
3. You can use the bank APP, select "Credit Card" after logging in, click "Repayment by installment", or apply for installment according to the page prompts;
4. Punch in the bank credit card official website. After logging in, click "Credit Card" and "Staging", and choose the staging according to the website operation.
5. Pay attention to the official account of bank credit card WeChat, and handle the bill installment.
The main benefits of credit card installment payment:
1, enjoy first, then pay;
2, no guarantor is needed, and the procedure is simple;
3. Fixed time and easy payment;
4. Payment is optional, and the monthly repayment amount is optional;
5. More space to choose payment methods.
1. What is bill installment?
Bill installment refers to the process that the credit card holder asks the credit card center to return the consumption amount in the current bill to the bank in installments after swiping the card, and the bank collects a certain installment fee from it.
2. What is cash installment?
Cash installment is a kind of installment payment. When the cardholder applies or the issuing bank invites the cardholder to apply, the cardholder's credit card limit is converted into cash (or not credited to the credit card limit, and then transferred to the account of the cardholder's designated debit card (the bank or other bank), and then returned by the cardholder according to the designated installment number.
3. What is consumption staging?
Credit card installment means that after the cardholder swipes the card, if the single consumption amount reaches the minimum consumption amount stipulated by the bank, the cardholder can apply to the bank to split the consumption into multiple repayments, and the bank will split the consumption into multiple payments and charge them into your credit card account.
In this way, consumer installment is very similar to bill installment, and Bian Xiao was almost fooled. But after careful study, we will find that consumption installment refers to a single installment, with the lowest amount in general, while bill installment emphasizes bill installment. Bill amount can be divided into all or part of the bill amount.
So in short, you can also understand it this way:
The installment bill is to pay back the bank several times after you owe money with your card; Cash installment is to change the amount of your credit card into cash withdrawal; Installment consumption means that you take a fancy to a commodity on the bank official website and want to buy it. The money for buying goods can be paid in multiple installments.
I finally understand these issues. How to choose depends on your needs. Because the handling fees of these installments are similar, consumption installment is suitable for foreseeable single or multiple large purchases, and bill installment is suitable for the situation of high total bill in the current period.
So much for the introduction of how to spend credit cards in installments.