The ICBC credit card repayment of RMB 100,000 in 12-month installments is RMB 11,913.33 per month. The rate for 12 installments of ICBC credit card is 3.58. The handling fee for the first one-month installment is 100,000*3.58=3,580 yuan. The principal payable for each installment is: 100,000/12=8,333.33 yuan, so the first installment is 100,000/12=8,333.33 yuan. The monthly repayment amount is: first installment handling fee and principal repayment in each installment = 3580 8333.33 = 11913.33 yuan.

Definition of installment payment:

Instalment payment (Pay by Installments) is mostly used in product transactions with long production cycles and high costs. Such as the export of complete sets of equipment, large-scale vehicles, heavy machinery and equipment and other products. The method of installment payment is that after the import and export contract is signed, the importer first pays a small part of the payment to the exporter as a deposit, and the rest of the payment is paid after part or all of the product is produced, shipped, or after the goods arrive for installation and test run. , investment and repayment in installments when the quality guarantee period expires.

Definition of credit card:

A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date.

Credit cards are classified as follows:

According to different repayment methods, credit cards can be divided into credit cards and quasi-credit cards.

1. Credit card.

When the card-issuing bank provides bank credit, it is first used as an overdraft, and then repaid or paid in installments. Most of these cards are used internationally. That is to say, the way that cardholders are allowed to pay off their credit card accounts without deposits is "spend first, deposit later". Most of these cards are used internationally.

2. Quasi-credit card.

It is a credit card issued by a bank that deposits first and then consumes. When applying for a credit card, cardholders need to deposit a certain amount of money in the card-issuing bank for backup. Cardholders need to use the deposit balance as a basis when using the card. Overdrafts are generally not allowed.