Flowers are very interesting.
As far as installment interest is concerned, in general, flower beds will be higher than credit cards, so flower beds are not cost-effective in installment.
Credit cards have higher requirements for personal consumption, and overdue will affect personal credit information, which will have a greater impact on daily life, buying a car, buying a house, and lending. And Huayuan's credit record is not so strict, so it will not be used for personal credit, but Alipay will give users some punishment.
Which is lower, credit card interest or pocket money?
Compared with flowers, credit card interest is low. As for the interest of flower buds and credit cards, the handling fee of credit cards is relatively less than that of flower buds in terms of installment interest. At present, the installment fee for flower buds is: 2.5% for the third phase, 4.5% for the sixth phase, and 8.8% for 12 phase; The installment fees for credit cards are: 2%-2.5% for three installments, 4%-4.5% for six installments, and 7.2%-9% for 12 installment.
Which interest rate is higher, credit card or flower shop?
Actually, it's almost the same
In the case of the same amount and number of installments, the installment fee is the main determinant. Generally speaking, the installment rate of flower beds is fixed, but the installment rate of credit cards may be related to the issuing bank and credit card grade, so if you want to compare the results accurately, you can put your own credit card installment fee and flower bed installment fee into the formula for calculation.
Then, the installment interest of Huabai is divided into three periods, and the total interest = 10002.5% = 25 yuan; Interest payable per installment = 25/3 = 8.3 yuan.
The credit card installment interest of CCB is divided into three installments, with a total interest of 7.53 = 22.5 yuan; 10000.75%=7.5 yuan.
The interest rate of Bai Hua installment is higher than that of CCB credit card installment. However, if the installment interest rate of your credit card is 1.25%, then the installment interest of Bai Hua is still 3 yuan per installment, and the installment interest of your credit card is 12.5 yuan, which is more cost-effective.
Product source:
The earliest credit card appeared at the end of 19. From 65438 to 1980s, the so-called credit card was developed in British clothing industry, followed by tourism and business departments. However, at that time, the card could only be used for short-term commercial credit, and the money had to be paid back as needed. There was no long-term default and no credit line.
Credit cards are generally plastic cards with a special carrier, with a length of 85.60 mm, a width of 53.98 mm and a thickness of1mm. The name of the card issuer, the expiration date, the number and the name of the cardholder are printed on the front, and the chip, magnetic stripe and signature strip are printed on the back. Cardholders can use credit cards to shop, spend money and deposit and withdraw cash from banks.
It is said that one day in 1950s, Frank McNamara, an American businessman, entertained guests in a restaurant in new york. After eating, he found that he forgot his wallet and had to call his wife to bring cash to the restaurant. He was deeply embarrassed, so McNamara came up with the idea of establishing a credit card company.
1 In the spring of 1950, McNamara and his friend Schneider jointly invested110,000 US dollars to establish DinersClub in new york, the predecessor of Diners Credit Card Company.
Is the interest rate of Huabai high by stages or by credit card? What kind of interest is cost-effective!
Flowers and credit cards are always compared, because both have a long interest-free period. However, once the payment is made in installments, both the flower shop and the credit card will start to charge installment fees. Is the interest rate of Huabai high by stages or by credit card? Let me give two examples to analyze which is more cost-effective: installment interest or credit card interest.
Calculation method of installment interest of flower buds
Total installment interest = total installment principal × total installment interest rate
Interest payable in each installment = total installment principal × total installment interest rate ÷ number of installments.
Calculation method of credit card interest
Fee for each installment = total installment principal × installment fee rate.
Total installment fee = installment fee rate per installment × number of installments.
(Reminder: Due to the different charging methods of banks, some banks charge once a period, and some banks charge once a period. )
Comparative example of installment interest and credit card interest of huahua loan
Example: 1: 1000 yuan is repaid in three installments, and the installment interest rate in Bai Hua is the installment interest rate of credit card. Take the installment interest rate of CCB credit card as an example.
Interest of flower buds in installments: total interest of three installments = 1000 yuan; Interest payable per installment =25/3= RMB.
Installment interest of CCB credit card: total interest of 3 installments = RMB; 1000 yuan
Conclusion: For the same installment amount and number, the installment interest of Bai Hua is higher than that of CCB credit card.
Example 2: 1000 is repaid in three installments, and the installment interest rate in Bai Hua is the installment interest rate of credit card. Take the installment rate of credit card of Agricultural Bank of China as an example.
Interest of flower buds in installments: total interest of three installments = 1000 yuan; Interest payable per installment =25/3= RMB.
Installment interest of ABC's credit card: total interest of three installments = RMB; 1000 yuan
Conclusion: For the same installment amount and times, the installment interest of Bai Hua is lower than that of ABC's credit card.
Because the installment interest rate of flower buds is fixed, but the installment interest rates of credit cards in different banks are different, the types and basic characteristics of credit cards in the same bank are different, and the installment interest rate is also different, so it is generally impossible to judge which is higher, installment interest or credit card interest. If you have to answer accurately, I suggest you use your credit card installment interest rate to calculate the exact value, so the conclusion is correct.
Who has higher interest, flowers or credit cards?
The interest rate of flower buds and credit card installment is different for each bank and everyone. On the whole, the interest rate of Huayuan is slightly higher.
Bai Hua bills are divided into 3, 6, 9 and 12 installments, and the interest rates are as follows:
Phase III: 2.5%; 6 periods: 4.5%; 9 issues: 6.5%; 12: 8.8%;
The credit card of China Bank is divided into 3, 6, 9 and 12 periods, and the interest rate is as follows:
Phase III:1.95%; 6 periods: 3.60%; 9 issues: 5.40%; 12: 7.20%.
The above interest rates are for reference only, subject to the actual agency quotation.