Credit card, Huabei and Baitiao bill installment competition, which one is more cost-effective

The installment service rate of JD Baitiao bill is 0.5-1.2 (month), and the installment service of each issue Fee = consumption principal Repay the loan in 3 installments. Taking the installment rate of 0.7 as an example, the handling fee for each installment is:

1000*0.7=7 yuan

Starting from the next installment, Xiao Ming’s payment You only need to pay back 340 yuan per installment. Credit card, Huabei or Baitiao bill installment, which one is more cost-effective

If you apply for bill installment through China Merchants Bank, there is a handling fee for the bill installment repayment. Our bank provides cardholders with personalized 2 and 3 installments. , 6, 10, 12, 18, 24 and 36 periods to choose from. The single-period handling rate is 0~1.67. The actual rate and period number are subject to the system evaluation results of the application order. Which one is more cost-effective: bill installment or shopping mall installment?

Which one is more cost-effective? I want to buy an Apple iPhone 3GS with a credit card and pay the installment in the bill, or buy it in a credit card installment mall, which is more cost-effective, such as Everbright, Merchants, and Transportation , Guangfa, Agricultural Bank of China, CITIC, which is more cost-effective: bill installment or cash installment?

(China Merchants Bank) Under normal circumstances, the bill installment fee will be lower. You can try it out. Trial calculation of bill installments: Please open: .cmbchina./Financing/Bill.aspx There is a bill installment calculator on the left side of the webpage. You can enter the amount and select the number of installments for trial calculation. The minimum repayment amount refers to the minimum amount that needs to be repaid on a credit card every month, which is shown on the credit card statement for that month. If you cannot repay it all at once, you can repay the minimum payment amount on time before the final payment date. This will not affect your personal credit, but you will not be able to enjoy the interest-free repayment period. Interest will be accrued on all consumption in the current period from the recording date. Interest rate is five ten thousandths. (If you pay in full and on time, you can enjoy the interest-free period if you use your card to make purchases.) Is there no interest on credit card bill installments? Which one is more cost-effective than Huanbei?

If you want to accept the handling fees and interest of credit card installments, you can borrow money through repayment. After borrowing, you can pay off the credit card bill through low-interest installment mode, and then repay it by recharging it every month. If the repayment is timely, it will greatly promote personal credit.

Which is more cost-effective, bill installment or cash installment?

Please refer to the specific regulations of the card issuing bank. In some card issuing banks, the handling fees for cash installments and bill installments are the same. In this case, the handling fees for each installment are the same.

For some card issuing banks, such as China Merchants Bank, the handling fee for cash installment is slightly higher than that for bill installment. However, cash installments can be transferred to a savings card for cash withdrawal, which is more flexible. Bill installment can only be paid by credit card. Which rate is lower for Huabei installment purchase or bill installment? Which one is more cost-effective?

Huabei bill installment means that you have to pay the full amount 30 days after you confirm receipt of the goods. It is almost the concept of use first and pay later. As long as you have a certain amount, you can buy 3 installments, 6 installments, and 9 installments on Tmall. Both installments are more suitable for more expensive ones

Use Huabei and Tmall installments. Different levels of users have different consumption limit limits. Are the Huabei installment limits and Tmall installment limits the same?

The consumption limit is determined by Ant Micro-Loan based on your comprehensive online shopping situation; currently, Tmall Installment, Huabei, Tmall Try Before You Buy, and Taobao Use Now Pay Later*** use one limit .

Huabei’s current consumption limit is 30,000. After repayment, the consumption limit will be restored.

The longest interest-free period can be 41 days. If there is an unpaid balance after the period, consumers need to pay a fee of 50,000 per day, and the interest is compounded, which is roughly the same as a general bank credit card.

Previously, Tmall and Ant Microcredit jointly launched the “Tmall Installment Purchase” business, which can cover all categories of goods and all merchants on Tmall. Currently, the upper limit for installment purchases on Tmall is 10,000 yuan. Users can choose to repay in installments of 3, 6, or 9 installments, and there is zero handling fee for the 3 installments. This year’s Double Eleven, Tmall Installment Shopping launched the brutal “11 installments with zero handling fee” installment service. Not only can consumers purchase goods with zero down payment, but the bill of the day can also be paid back slowly over a year, and There are no handling fees.

In comparison, "Huabei" has more advantages in terms of quota, but it does not support installments. In addition, the business scope of “Huabei” covers the two major platforms of Tmall and Taobao.

The relevant person in charge of Ant Financial pointed out that the consumption limit of "Huabei" is determined by Ant Micro-Loan based on consumers' online shopping and payment habits and other data, combined with its own developed risk control model, and through the analysis of big data. It is obtained through calculation and analysis. The credit limit is related to the user's consumption habits, payment methods, credit information, account information, etc. This must be a specific application of Ant Financial's big data credit investigation. Which is more cost-effective, credit card bill installment or consumption installment?

It’s all the same, depending on personal habits, I like bill installments.

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