Credit cards can be divided into 36 periods. Most banks can't choose to divide the consumption installment and bill installment into 36 installments, but when the bank has a cooperative relationship with a commodity, it will provide an additional installment number and then divide the installment into 36 installments.
Many times, users choose to divide themselves into stages, which can only be divided into 24 stages at most. For users, the credit card is divided into 36 periods, and the longer the number of periods, the more fees need to be paid.
Unless the merchant offers interest-free installment, it is more cost-effective to choose 36 installments, but the number of installments is long, and the risk of overdue will increase.
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First, the advantages of credit cards
Compared with ordinary bank savings cards, the most convenient way to use credit cards is for ordinary consumption, and there is no cash in the cards. In many cases, it is enough to return the consumption amount on time.
If there is no deposit, you can overdraw and enjoy an interest-free period of 20-56 days. You can repay on time without interest (most banks will charge 0.05% interest on the day of withdrawal, and there is a 2% handling fee. ICBC is free of handling fees and only charges 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; (Note: Credit cards are only suitable for credit card spending. It is best not to withdraw cash, which is expensive and uneconomical. )
Mail the statement free of charge every month, so that you can grasp every consumption expenditure transparently; (Now advocating environmental protection, you can cancel the paper statement and change it into an electronic statement. )
Unique supplementary card function, suitable for husband and wife to jointly manage money or master children's financial expenses.
The free choice of one card and two currencies is popular all over the world, and consumption abroad can repay in RMB.
Validity period: It is known that the validity period of domestic credit cards is generally three to five years.
Second, the shortcomings of credit cards
The invention of credit card is like a double-edged sword, which can solve the temporary economic crisis. However, the purpose of issuing credit cards is to make money. Once the interest-free repayment time is exceeded, high interest will be charged, usually five ten thousandths of interest per day.
Blind consumption of credit cards is not like paying cash in a lump sum. I don't feel anything when I brush. A few figures lead to blind consumption and spending money like water.
Excessive consumption of notebooks, digital cameras and smart phones, while enjoying your favorite items in advance, you should also consider whether you can repay them.
If the interest rate is high, you will not take care of the credit card, which will lead to the failure to repay the loan as scheduled when the final repayment date comes, and the bank will charge you high interest.
Credit cards that need to pay an annual fee basically have an annual fee, but they basically have an annual fee-free policy. For example, CCB can be exempted as long as it is brushed three times a year; But if you don't swipe your card to the bank the specified number of times within a year, you need to charge an annual fee.
Stealing a credit card is basically a default credit card consumption without password, which is easy to be stolen by others when it is lost or stolen, causing unnecessary trouble or loss.
What credit card can be divided into 36 installments?
Credit cards of China Merchants Bank and China Construction Bank.
Payment by installments: choose 2, 3, 6, 10, 12, 18, 24 and 36 installments. The single installment fee rate is 0%~ 1.67%. 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.
In the installment payment business of buying a car with dragon card launched by CCB, the cardholder agrees to pay the down payment (the down payment is the net car price minus the approved amount) and applies to CCB to use his dragon card to buy a family car at the designated dealer.
If it is a general consumption or bill installment, if the installment amount is large enough, the Agricultural Bank of China credit card can apply for 24 installments first, and then apply for an extension to display it as 36 installments. However, an additional extension fee is required. You can consult customer service first. Most banks have 36 phases for car staging and decoration staging.
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At present, most banks offer five stages: 3, 6, 9, 12 and 24, while only a few credit cards can be divided into 36 stages, such as China Merchants, China Construction Bank and Minsheng Car Loan Card.
Compared with the stipulation that the loan period of bank loans and auto financing companies is generally 3 to 5 years, although all banks claim that they can apply for 36 loans at the longest, in practice, most of them will be controlled at 12 to 24 loans.
China Merchants Bank's credit card bill installment application requirements are as follows: installment application time: from the trading day to the repayment date, you can freely choose to installment the transactions under RMB or USD accounts.
Conditions for applying for bill installment: the applicant 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.
Application amount for bill installment: apply for RMB bill installment, and the minimum application amount for each installment is not less than 300 yuan RMB; For the installment payment of USD bills, the minimum application amount shall not be less than USD 65,438+000 each time.