Ping An Bank Credit Card, newly issued, 50,000 yuan, 12 installment repayment. How much will it cost a month? Seek professional answers
Ping An Bank credit card 12 single installment rate is 0.75%. Amount payable in each installment = total installment amount ÷ number of installments (the remainder is recorded in the amount payable in the first installment)+total installment amount × handling fee rate in each installment.
The credit card spending is 50,000 yuan, and the repayment in each installment is 50,000 yuan12+50,000 x 0.75% = 4166.67+375 = 4541.67 yuan.