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Zero interest instalment, free instalment, credit card staging is not suitable for you to know
Edit: PeterSource: Home Finance PlusDate: 2017-07-31

Summary:

Some netizens are asking, the credit card official website has the activities of instalment, zero interest in installment, just the shortage of funds at hand, the number of bills is relatively large, is it appropriate to apply for credit card staging?

Credit card installments are good or bad. The advantage is that it can alleviate the pressure on funds. The disadvantage is of course to give more money. Some netizens are asking, the credit card official website has the activities of instalment, zero interest in installment, just the shortage of funds at hand, the number of bills is relatively large, is it appropriate to apply for credit card staging?

It is not suitable, you have to know. Xiao Bian takes the China Merchants Bank credit card as an example. It is not suitable for credit card staging.

1. China Merchants Bank credit card installment payment without interest, only handling fees

There is no interest on using the CMB credit card for installment payments. After using the installment business, there will be no relevant interest. The cardholder of China Merchants Bank can avoid worrying about interest, but it should be noted that no interest does not mean free.

China Merchants Bank credit card installment payment is required every month. For example, 2000 yuan is divided into 12 periods, and the monthly handling fee is 2000X0.66% = 13.2 yuan.

The specific installment payment service fee will be averaged to each period, and the handling fee will be repaid to the bank together with the amount of the commodity that should be returned in a single period. Cardholder fees are: 1%/month (3 issues), 0.6%/month (6 issues), 0.5%/month (12 issues).

Second, China Merchants Bank credit card bills installment fee calculation method

The cardholders offer 2, 3, 6, 10, 12, 18 and 24 periods, and the corresponding fee rates are 1.0%, 0.9%, 0.75%. , 0.7%, 0.66%, 0.68%, 0.68%.

Each period of handling fee = total amount of installment × rate of each period.

The total amount of the principal of the installment is amortized on a monthly basis, and the remainder is included in the final issue. The amount of each installment and the commission for each period are recorded simultaneously.

It is best to calculate the commission before the credit card is put into installment. If the fee is within the acceptable range of tens of dollars, you can choose to install the installment. The acceptable handling fee is exchanged to alleviate the pressure on the funds to avoid overdue, so the calculation is still suitable for the cardholder; if the handling fee exceeds the acceptable range of the cardholder, the cardholder can choose the credit loan.

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