The bill installment can be divided into three periods, six periods, nine periods, 12 period, 18 period and 24 periods, which can exceed the validity period of the card;

The handling fee for the third installment is 0.75%/ installment, the handling fee for the sixth installment, the ninth installment and 12 installment is 0.7%/ installment, and the handling fee for 18 installment and the 24th installment is 0.65%/ installment. The handling fee is charged monthly after the bill is paid in installments.

Extended data:

The installment fee is actually 15%, which is much higher than the loan interest rate in the same period.

I usually see the propaganda of "applying for installment repayment, and the handling fee rate is as low as 0.66%". It is generally believed that the annual interest rate is 0.66%* 12=7.92%, which is not high at first glance.

Take a bank's credit card 12000 yuan and 12 installment as an example.

Monthly repayment (12000/12)+12000 * 0.66% =1079.2 yuan. Since the second month, only 1 1000 yuan is owed to the bank. Last month,

The effective interest rate is 15.84%, which is much higher than the bank's declared interest rate (0.66% per month) and 3.6 times the bank's one-year loan interest rate of 4.35%.

Changsha Bank-Service Fee Price Entry

He Xun. Com- is it cost-effective to repay by installment with credit card? I'll take you to settle accounts.