Installation is good. Bill installment can only cover 95% of the total transaction amount. Free installment can be applied for a single installment as long as you spend 200 yuan on your card. The handling fee rates for these two installment businesses are the same.
As of 2019, the number of Pudong Development Credit Card cards in circulation is 43.9908 million, with 32.0194 million households in circulation. The balance of Pudong Development Credit Card loans is 421.397 billion yuan, the transaction volume of Pudong Development Card is 2.174319 billion yuan, and the total revenue of Pudong Development Credit Card business is 53.088 billion yuan. yuan, and the bad rate of Shanghai Pudong Development Bank’s credit cards was 2.3%. Shanghai Pudong Development Bank credit card is famous for its high limit and wide variety of installments. Today, let’s talk about Credit Card Bill Installment of Shanghai Pudong Development Bank.
Provisions for early repayment of Shanghai Pudong Development Bank credit card bill installments. The number and amount of installments that have been applied for cannot be changed and cannot be cancelled. If the cardholder wants to repay the loan in advance, if the handling fee is collected in one lump sum, the installment handling fee already paid will not be refunded; if the handling fee is collected in installments, the cardholder will return the remaining installment handling fee in one lump sum, and no default fee will be charged gold. Special attention should be paid to early repayment. Liquidated damages will not be charged but handling fees for the remaining installments will not be waived. Cardholders may be deceived if they see a poster saying that no liquidated damages will be charged for early repayment. Therefore, early repayment is not related to Otherwise, all handling fees must be calculated, so early repayment will not make much sense.
The Shanghai Pudong Development Bank credit card bill installment business is a business that Shanghai Pudong Development Bank provides to eligible Shanghai Pudong Development Bank personal credit card principal cardholders to repay eligible transaction debts in their credit card accounts in installments.
: There are three situations for Shanghai Pudong Development Bank credit card bill installment.
The first is to apply for bill installment for bills that have been issued. The amount of bill installment that can be applied for is subject to the actual evaluation results of Shanghai Pudong Development Bank, but the maximum cannot exceed the current period of the cardholder's credit card. When applying for installment payment, 95% of the bill payable balance of the total bill amount (excluding the applied installment amount) will be converted into installments and will be automatically offset against subsequent bills in one go.
The second type is unbilled installment, also known as "Free Installment PLUS" or "Free Installment+", which is to apply for bill installment for unbilled installment transaction arrears.
The third type is full account installment, that is, the cardholder applies for bill installment for all eligible transactions under the credit card account (including billed transactions and unbilled transactions) (the application amount must be greater than The amount that can be applied for the amount outstanding for bills that have been issued), within the range of the installment amount, the full account installment amount applied by the cardholder will be given priority by default to apply for the full account installment for the amount that has been issued; the full account installment application for the part of the bill that has been issued , no installment payment application may be made for a bill payable balance exceeding 95% of the total bill amount of the cardholder's credit card for the current period. The full account installment will generate two bills converted into installments, which will offset the billed amount and the unbilled amount respectively. The monthly installment principal and installment handling fee of the full account installment will be apportioned by the number of installments based on the total application amount.
Selection of installment number and corresponding installment rate for Shanghai Pudong Development Bank credit card bill. Cardholders are free to choose the number of installments as 3, 6, 9, 12, 15, 18 or 24, etc. The bill installment fee will be in the range of 0-0.90% per single period. The standard fee rate will be adjusted based on the cardholder's credit status and card usage. The actual rate is subject to the final assessment results of Shanghai Pudong Development Bank and the bill. Cardholders can learn the real-time assessment results through the application interface. . Compared with other banks' credit card bill installment rates, Shanghai Pudong Development Bank's credit card rates are relatively high.