Inquiry on credit card installment interest rate of China Merchants Bank

How much is the installment fee for China Merchants Bank's credit card?

The handling fee is related to the amount of the bill. Credit card installment of China Merchants Bank can be divided into bill installment and cash installment. The number of bill installments is 3, 6 and 12, and the corresponding handling fees are 0.9%, 0.75% and 0.66% respectively. The number of cash installments is 3, 6 and 12, and the corresponding handling fee rates are 0.95%, 0.80% and 0.75% respectively.

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1. The credit card installment of China Merchants Bank can be divided into bill installment and cash installment. Bill installment means that on the repayment date, the cardholder can't pay off all the debts in one lump sum. In order to alleviate the repayment pressure, he applies for bill installment and repays the installment amount in the bill. Cash installment is similar to++. After the agreed amount and number of installments, the bank will directly deduct the money from your designated debit card, and you can withdraw it freely.

2. Both bill installment and cash installment will generate a certain handling fee, and the handling fee rate of bill installment is slightly lower than that of cash installment. The number of installments of China Merchants Bank's bill is 2, 3, 6, 10, 12, 18 and 24, and the corresponding handling fees are 1.0%, 0.9%, 0.75%, 0.66% and 0.68 respectively. The number of cash installments of China Merchants Bank is 3, 6, 10, 12, 18 and 24, and the corresponding handling fee rates of each installment are 0.95%, 0.80%, 0.75%, 0.75% and 0.75% respectively.

3. How to apply for installment repayment of China Merchants Credit Card is the repayment method that cardholders choose when they can't pay off all the debts in a short time. If you want to apply for credit card installment of China Merchants Bank, there are four application methods, namely, online banking application, telephone application, SMS application and WeChat application. Online banking application: enter the credit card center of China Merchants Bank, log in to personal online banking, click installment financing-bill installment, enter the installment amount, and select the installment number. Telephone application: Call the credit card service hotline of China Merchants Bank, verify your identity, select the credit card limit according to the voice prompt, and then determine the installment amount and times according to your own needs. Telephone application: Call the credit card service hotline of China Merchants Bank, verify your identity, select the credit card limit according to the voice prompt, and then determine the installment amount and times according to your own needs.

How much is the installment interest of China Merchants Bank credit card?

Calculation formula of credit card installment fee:

Handling fee = installment interest rate of installment principal.

For example, the credit card is divided into 12 installments of 3000 yuan, and the handling fee rate is 0.72%, and the handling fee for each installment is 3000/120.72%+3000/12.

Credit card bill installment application requirements:

1. Time to apply for installment bills

From the trading day to the repayment date, you can freely choose the installment transaction under RMB or USD account.

For unbilled transactions: you can apply for installment payment between the transaction date of 19:30 and the billing date of the bill corresponding to the transaction.

For bills that have been issued, you can apply for installment from the day after the billing date to the due repayment date (for customers with automatic repayment in the account, the deadline for application is due repayment date 17:00).

2. Conditions for applying for installment bills

The applicant must hold a personal card with a bank credit card, have a good record of using the card and have no delay in repayment in the current period. Customers who only hold business cards, business cards, purchasing cards, ANA protection cards or supplementary cards cannot apply for bill installment for the time being.

3. Bill installment application amount

For the installment payment of RMB bills, the minimum application amount shall not be less than 300 yuan RMB each time; For the installment payment of USD bills, the minimum application amount shall not be less than USD 65,438+000 each time. After the installment of RMB or USD bill is successful, the principal and handling fee of each installment will be credited to RMB account, that is, the installment amount of USD bill will be converted into RMB at the exchange rate specified at the time of application.

China Merchants Bank credit card installment rate

There is no interest on the credit card installment of China Merchants Bank, only the installment fee, and the rate of each installment fee is between 0%- 1.67%.

If a credit card is divided into installments, there is generally only an installment fee, and there is no interest. Only credit card overdraft consumption and cash withdrawal have interest.

The installment fee rate of China Merchants Bank's credit card is related to the number of installments. The longer the installment time, the lower the fee rate. At present, China Merchants Bank offers seven installments, namely, installment 2, installment 3, installment 6, installment 10, installment 12, installment 18 and installment 24, and the corresponding handling fees for each installment are 1.0%, 0.9%, 0.75% and 0.7 respectively.

Handling fee per installment = total installment principal × handling fee rate per installment corresponding to the number of installments. After the bill installment business application is successful, the handling fee will be credited to the RMB account of the credit card in installments. The repayable principal of each installment of the bill is equal to the total installment principal divided by the number of installments. The principal payable in each installment (accurate to the minute) is credited to the cardholder's credit card account every month, and the balance is credited to the last installment.

5,000 yuan is repaid in installments. If the repayment is made in six installments, and the handling fee rate of each installment is 0.75%, then the handling fee of each installment = 50,000.75% = 37.5; The principal payable in each installment =5000/6=833.33 yuan; Total amount to be repaid in each period =37.5+833.33=870.83 yuan.

The installment payment handled by China Merchants Bank's credit card can be paid off in advance, but the service charge of China Merchants Bank's credit card installment payment is one-time, that is, when you choose installment payment, the first bill amount and installment fee are paid in one lump sum. There is a one-time handling fee, so even if you pay in advance later, you won't get a refund.

It should be noted that if interest is charged at one time when installment payment is made, the interest charged before prepayment will not be refunded. If the interest is charged monthly, then the interest after your prepayment will not be charged again. The specific amount can be consulted by China Merchants Bank Credit Card Customer Service.

This concludes the introduction of credit card installment rate of China Merchants Bank and the inquiry of credit card installment rate of China Merchants Bank. I wonder if you found the information you need from it?