What the poster means is that the overdraft is 2,300 yuan. Is it worthwhile to apply for installment?

Personally, if the landlord cannot repay the loan in a short period of time, it is more cost-effective to apply for an installment plan than to have the bank calculate the interest on the minimum repayment

For example, the same amount is 2,300 yuan. For an overdraft, if the poster repays the minimum repayment amount, the consumption part cannot enjoy the interest-free period. Starting from the day the poster swipes the card, interest of 0.05% will be charged every day, 2,300 yuan is the principal, and the daily interest = 2,300* 0.05%=1.15 yuan/day, 30-day interest=1.15*30=34.5 yuan

If it is installment, take his family’s consumption installment as an example

Consumption installment: it is for the future. Installments will be made for any single card payment exceeding RMB 1,000.

Processing time: from the time the card is swiped to two days before the latest bill date.

Transaction amount: A single credit card payment is greater than or equal to 1,000 yuan.

The number of installments and fees: The following figure is provided to the poster on the official website. The poster can take a look at it:

Example: Assume that the poster's bill date is the 5th of each month and the payment is due. The date is 20 days after the bill date, that is, the 25th of each month. If the poster swipes his card for 2,300 yuan on 5/17, he can call to apply for consumption installment before 6/3 (6/5 is the bill day, 2 days before the bill is 63). 3 issues. The principal of each installment is 2300/3=766.66 yuan. Handling fee per period = 2300*0.7% = 16.1 yuan, total *** handling fee for 3 periods = 16.1*3 = 48.3 yuan, amount payable in each period = 766.66+16.1 = 782.76 yuan, the first installment will be If it is paid on the 6/5 bill, it can be paid before 6/25. The same applies to the future, and it will be paid off in 3 months.

Calculated in this way, the total fee for 3 months is equivalent to the fee for about 45 days under normal bank interest calculation conditions, which is definitely more cost-effective

If the poster has other If you have any questions, you can ask.