Credit card installment refers to dividing the payment of credit card consumption into several months and repaying it evenly.

Can reduce the burden of one-time payment. Installment fees and interest are required.

The handling fee refers to the one-time handling fee charged by the bank from the credit limit of the credit card holder, which is generally a certain proportion of the total installment principal (such as 3).

The interest refers to the total interest generated during the installment payment cycle, calculated on a monthly basis.

Although handling fees and interest are both additional charges, their difference is that the handling fee is an upfront fee, that is, a one-time payment, while the interest is gradually generated over the time of installment payment, until all It ends after repayment; in addition, the handling fee is a fixed fee, regardless of the monthly installment amount, while the interest is related to the remaining principal. The actual monthly repayment amount is different, so the interest generated is also different.