In February of this year, the National Development and Reform Commission lowered the handling fee for bank card swiping, and the bank credit card business revenue was greatly reduced. In order to make up for the loss caused by the reduction of merchant credit card processing fee, many banks have started to increase the credit card installment fee, but most cardholders still Do not
In February of this year, the National Development and Reform Commission lowered the handling fee for bank card swiping, and the bank credit card business revenue was greatly reduced. In order to make up for the loss caused by the reduction of merchant credit card processing fee, many banks have started to increase the credit card installment fee, but most cardholders still Uninformed, consumers who use installment payments should pay for the loss of merchant credit card processing fees.
It is understood that starting from February 25 this year, the POS machine merchants card processing fee was officially lowered by 23% to 24%, of which catering and entertainment merchants reduced by as much as 37.5%. So many banks have raised the installment fee. From April 1st, Everbright Bank adjusted the period and rate of the credit card “IN time loan” billing business. When the bills are repaid in 6 and 9 periods, the pre- and post-service rates are quite different. If repaid in six installments, the handling rate will be raised from 3.8% to 4.6%; in nine repayments, the handling rate will be raised from 5.5% to 6.4%. That is to say, assuming that the public has handled the bank's 100,000 yuan credit card installment business and repaid in nine installments, the fee required for the adjustment will be 900 yuan more.
State-owned big banks are no exception. The Construction Bank said that the current credit card fee concessions were suspended on April 15 and will be adjusted on May 8. For comparison of the handling rate before and after the adjustment, take the 6th period as an example. If the total amount of the instalment is above 80,000 yuan, the current handling fee is only 0.56% of the total amount. However, after adjustment, the handling fee for each period will be 0.7% of the total amount.
The credit card installment fee rates vary greatly from bank to bank. Taking a single credit card consumption of 10,000 yuan as an example, if repayable in 12 installments, the lowest of the commission rate is 4.48%, and the highest commission rate is 8.5% or more, and the difference exceeds 400 yuan. It is reported that the credit card installment fee rate standard is stipulated by the banks themselves, and there is no uniform standard. Therefore, the rates vary greatly. It is recommended that the public “shop around”.
What needs to be reminded here is that many banks claim that the credit card installment payment has no interest, not that there is no fee, and consumers still have to pay the handling fee. Therefore, it is best for cardholders to carefully choose whether to use credit card installment payment according to their actual situation.
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