ICBC has the lowest credit card installment fee, followed by Agricultural Bank of China. China Merchants Bank has a greater advantage for users with good credit conditions.

As we all know, the credit card installment fees of major banks are different. If you have a large demand for credit card installment repayment, it is recommended to choose a bank credit card with low installment fees. So, let’s take a look at which bank below has the lowest credit card installment fee:

1. Industrial and Commercial Bank of China

The credit card installment fee standard: 0.55% for 3 installments; 0.6% for 6 installments; 0.6% in the 9th period; 0.6% in the 12th period; 0.65% in the 18th period; 0.65% in the 24th period.

2. Agricultural Bank of China

The credit card installment fee processing standards are: 3 periods, 6 periods, 9 periods, 12 periods and 24 periods, and the rate for each period is 0.6%.

3. China Merchants Bank

The single-period handling rate is 0%-1.67%. The specific installment rate is subject to the real-time evaluation results of the bank's credit card center.

4. CITIC Bank

Credit card installment fee standard: 1.5% for 1st period; 0.8% for 3rd and 6th period; 0.76% for 9th period; 0.73% for 12th period; 18th period , 0.75% in 36 periods.

There are two main differences in the handling fees of major banks. In the way of collecting handling fees, most banks collect them in installments and once a month, while ICBC, China Construction Bank, Bank of Beijing, and China Everbright Bank charge them in installments. It is a one-time charge. What is special is that Industrial Bank can use both methods, but the one-time fee is slightly lower than the one-time fee charged in installments.

The handling fee rates of major banks vary greatly. The longer the credit card installment number of most banks, the higher the handling fee rate, such as ICBC, Bank of China, China Merchants Bank, China Guangfa Bank, China Everbright Bank, etc. ; Some banks' service fee rates are the same in each period. For example, Bank of Communications' service fee rate is 0.72% in each period, Agricultural Bank of China's monthly fee rate is 0.6%, and Postal Savings Bank's monthly fee rate is 0.6%; a few banks charge in installments. The longer the number, the lower the handling fee rate, such as Shanghai Pudong Development Bank, Hua Xia Bank, HSBC, etc.

ICBC’s installment fee is relatively low, about 1.5 times lower than the relatively high Standard Chartered Bank, and about 1.46 times lower than China Everbright Bank. However, ICBC’s application threshold is high, and not everyone can apply. Get;

The second is Changsha Bank. The installment fee of Changsha Bank is also relatively low. As a local bank, its application threshold is higher than that of the state-owned bank ICBC, so it is also a relatively good choice;

Construction Bank among the state-owned banks has lower installment fees, and its application threshold is relatively low among state-owned banks, making it relatively cost-effective.