How does CITIC Credit Card repay in installments?

How to handle the credit card installment of CITIC Bank?

To apply for credit card installment of CITIC Bank, the method is as follows:

1. wechat application: pay attention to the credit card wechat service number of citic bank and click "card/installment"-"bill installment" to handle it. (Glory 50MagicUI4.2；; Wechat 8.0. 16)

2. Telephone application: Call the credit card customer service of CITIC Bank, press 1 Putonghua and # to enter the main menu, select 0 to enter or ID number to enter the manual service, and inform the application amount and number of periods. After the system is audited, the customer service specialist will inform the application result.

3. Online banking application: log in to online banking, enter the credit card page, select "My Account" and click "Current Bill Inquiry"-"Select Card". Click to handle bill installment, select the number of installments, and confirm submission. (Glory 50MagicUI4.2；; China CITIC Bank 7.5.3)

4. SMS application: The customer will send the last four digits of the FQ card to 106980095558 after receiving the SMS from our bank, and the system will immediately inform the processing result.

What is installment payment?

Installment refers to paying off debts in several times in a transaction. Installment can be divided into interest-bearing installment and interest-free installment. Interest-bearing installments generally pay interest first, and then the principal. Usually, the total payment is much higher than the actual transaction price, and interest-free installment is not counted as interest. Usually, merchants or banks promote consumers' consumption behavior through interest-free installment payment. Interest-bearing installment payment, early repayment may be subject to a fine.

Calculation method:

Basic calculation: With the knowledge of sequence, there is a staging formula: x = a (1p) m [(1p) m/n-1]/[(1p) m-1].

Where A is the principal, P is the monthly interest rate, M is the number of months, N is the number of times, and X is the amount of each repayment. Generally m = n.

Then the interest paid should be: MX-A.

Installment credit card

For example, the mortgage is 75,000 years. At this time, a = 70,000, p = 0.oo8m = 60n = 60 and x=? Pay interest of 60×? —70000= ........

In installment payment, we should also understand the calculation method of installment payment.

Compound interest: the current interest is included in the next principal, which is based on the sum of the principal and interest of the previous period.

Mathematical calculation:

Using the knowledge of sequence, there is an installment formula: x = a (1p) m [(1p) m/n-1]/[(1p) m-1].

Where A is the principal, P is the monthly interest rate, M is the number of months, N is the number of times, and X is the amount of each repayment. Generally m = n.

Then the interest paid should be: MX-A.

For example, the mortgage is 75,000 years. In this era, a = 70,000, p = 0.oo8m = 60n = 60, x= 1473.55.

Pay interest of 60×1473.55-70000 =18413.2.

Simple interest: the interest is calculated according to the initial principal of each period, and the interest of each period is not included in the next principal. Simple interest repayment method is divided into average principal repayment method and equal principal and interest repayment method.

1, Average Capital Repayment Method (abbreviated as equal diminishing method): Also known as diminishing method, since the principal of the loan repaid by the buyers every month is the same, the interest of the next loan will be reduced due to the reduction of the principal, so the principal and interest of the loan repaid in each period will also be gradually reduced. In this way, the monthly principal remains unchanged, and the repayment amount is the highest in the first month, and then decreases month by month.

2. Equal principal and interest repayment method (hereinafter referred to as this method): the total monthly principal and interest is fixed, and the loan principal and interest are evenly divided into several equal parts according to the loan term, and the total monthly principal and interest are the same. This way is convenient for buyers to plan funds;

How about the installment of CITIC Credit Card?

1. Call the customer service phone number of CITIC Bank Credit Card Center, and after transferring to manual customer service, select the installment number or amount according to the staff's prompt, and you can handle it;

2. The browser visits official website of CITIC Bank Credit Card, and then click "My Account" → My Bill Inquiry → Current Bill Inquiry → Select Card. Click the bill installment, set the number of installments you want, and submit the application.

3. WeChat pays attention to the official account of CITIC Bank credit card WeChat. After entering the official WeChat account, click "Service Hall", and then select the installment type in the loan installment column, such as bill installment and appointment installment. , and then fill in the relevant information according to the jump page, and submit the application after completing the follow-up process.

4. The cardholder shall apply at the bank counter with his valid ID card and bank card.

Credit card bill installment payment is a kind of credit card installment payment, which means that the credit card holder asks the credit card center to return the consumption amount to the bank in installments after swiping the card.

Installment payment of credit card bill is the simplest installment payment method. You only need to call the bank credit card center or log in to personal online banking to apply for installment payment during the period from credit card consumption to due repayment date. Under normal circumstances, as long as there is no bad personal credit record, you can get approval.

The minimum repayment amount is the minimum amount that needs to be repaid in the current month when revolving credit is used, and the minimum repayment amount is listed on the current bill. Calculation method of the minimum repayment amount of each bill: minimum repayment amount = 10% all general transactions in credit card account 100% all unsettled installment transactions in account, single installment amount 100% the unpaid part of the minimum repayment amount in the previous period 100% all the money used in the account credit line/kloc-

Generally, you can accept the bill installment by calling the customer service center of the issuing bank or telephone banking. ICBC cardholders can handle installment payment at ICBC outlets, ICBC online banking, telephone banking and mobile banking, and China Merchants Bank can handle it at the bank's online banking. Relevant persons of CCB reminded cardholders that although all banks have introduced bill installment payment, it does not mean that every cardholder can pay by credit card installment.

General banks should evaluate the credit status of cardholders according to their credit limit and credit records of credit card consumption. Only after the assessment is passed can the cardholder make installment payment smoothly; If the evaluation result is not satisfactory, the bank may reject the cardholder's application for installment payment, or fail to give the cardholder the amount of installment payment he wants. Cardholders can fully consider their own financial situation and apply for installment by telephone.

The minimum consumption of banks applying for installment is basically between 500- 1500 yuan, including ICBC 600 yuan, China Construction Bank, Bank of China, China Merchants Bank 1000 yuan, Bank of Communications 1500 yuan (Y-power card is a single 500 yuan), CITIC 1200 yuan, Agricultural Bank of China and Guangfa Bank. Everbright Bank does not require the amount. As long as the cardholder uses the designated card, the bill will be automatically divided into 12 installments.

How is the credit card of CITIC Bank divided into stages?

The credit card of CITIC Bank cannot be phased.

Relevant provisions on credit cards of CITIC Bank:

1. The merchant shall verify the bill or cash withdrawal slip signed by the cardholder with the acquiring bank, and conduct liquidation with the acquiring bank to recover the advance funds.

2. The electronic payment network established by the bank and the magnetic stripe reading and manual password input of the card can realize the functions of credit card consumption, ATM withdrawal, transfer and various payments. The expenses incurred through the card are equal to the decrease in the balance of the savings account. If the account balance is zero, the payment function of the card will also be reduced to zero. The application for a savings card is very simple, and you can get it right away without bank approval.

3. With my valid ID card, go to any business outlet of the bank to handle it. You must open a current account first. The account balance shall not be less than 10 yuan. Unstamped withdrawal account. Non-loss-reporting account, frozen account and normal account status.

4. Savings card fees mainly include annual fee, small account management fee, loss reporting fee, new card worker, cash withdrawal fee (including local interbank, remote bank, remote bank, overseas ATM, Hong Kong and Macao), transfer fee (including remote bank, remote bank, local interbank, overseas wire transfer) and online banking transfer fee (including remote bank, remote bank, local interbank and overseas remittance).

5. Customer service tools for depositors. In shopping malls, hotels, entertainment places, public service places, etc. Where POS terminals are installed in the bank card network, savings card users can spend money with their accounts instead of cash.

The amount of consumption and payment by users is unlimited, and the handling fee is free. But the account can't be overdrawn. In addition, Savings also launched mobile phone payment service and telephone wallet payment service, which is easy and flexible, and it is convenient to pay anytime and anywhere 24 hours a day.

Therefore, the credit card of CITIC Bank cannot be phased.

Extended data

Credit card function of CITIC Bank:

1, convergence function

The general account guides many scattered small funds to gather into a fund function that can be put into social reproduction. Here, the stock market plays the role of "reservoir" of funds.

2. Configure functions

The allocation of resources, the general ledger transfers resources from inefficient departments to efficient departments, so that a society's economic resources can be most effectively allocated to the most efficient or effective use, and the rational allocation and effective utilization of scarce resources can be realized.

Step 3 Adjust the function

The regulating effect of personal account on macro-economy. The stock market is connected with depositors on one side and investors on the other. The operating mechanism of the stock market plays a role through its influence on savers and investors.