If the repayment is made in installments, the interest rates of different banks are different, and the annual interest rate of most banks is 7%-9%, so installment is beneficial to the existing benefits.

If the minimum repayment is five ten thousandths of a day, the annual interest rate is 18%, and the interest is calculated from the day of consumption (not from the repayment time).

Extended data:

Benefits of credit card installment repayment:

1, which is favorable for credit card withdrawal:

There is an installment fee for bill installment, and banks will certainly expect cardholders to handle installment affairs frequently. The underlying rule is that after the cardholder handles the bill by stages and asks the bank for cash withdrawal by credit card, the bank will be more willing to approve it and the success rate of cash withdrawal will be improved.

2. Relieve the repayment pressure:

When the single bill is too high, the pressure on cardholders to repay in full will be even greater. If the bill can be divided into several months by stages, the cardholder's repayment pressure will be less.