4 thoughts on “CITIC Bank credit card installment payment fee”
Laura
The amount of CITIC Bank's credit card is 3700. If it is required to be repaid in 6 issues, the handling rate is 7.2%(the latest handling fee for specific banks per quarter): : 3700*7.2%= 266.4 yuan, and the repayment of each period is: 3700/6 266.4/6 = 661.1 yuan. The credit card installment fee: 1. General credit card bill installment/single transaction installment, handling fees are as follows: Rate): 1%(Phase 1), 0.8%(3), 0.72%(Phase 6), 0.72%(9), 0.64%(Phase 12), 0.64%(Phase 18), 0.64%(24th. ), 0.64%(36 periods); . CITIC Bank credit card cash installment, the installment fee is charged at a certain percentage of the total amount of the installment: 1. ), 0.8%(3), 0.78%(6), 0.76%(12), 0.74%(24th), 0.73%(36 periods); 2. 7 days, 10 days, 14 days, 20 days); . CITIC Bank Credit Card Yuan Mengjin, the installment fee is charged at a certain percentage of the total amount of the installment (monthly handling rate): 1%(1 period), period (period 1),, phase 1), period (period 1), period (period 1),, period 1), period (period 1), period, period), period (period), period (period 1),, period) 0.75%(3, 6, 12, 24, 36); . Shopping mall shopping installment, the installment fee is charged at a certain percentage of the total amount of the installment (total handling rate): 2%- 4.5%(3), 3%-5.5%(6), 6%-6.5%(Phase 12), 12%(III), 15%(Issue 36); n The handling fee for a year -on -year payment of credit cards is less than 18%of the annual cash withdrawal interest, which is 5.31%higher than the bank's commercial loan interest. It is worth mentioning that the loan interest rate of commercial banks has been reduced many times since last year, but the standards for credit card installment payment and cash withdrawal have rarely changed. Although the standards for installment fees for credit cards for each bank are different, the calculation methods are roughly the same. I assumed that the installment payment amount is 1200 yuan, which is divided into 12 periods. Each period (month) repays 100 yuan, the handling fee is 0.6%/month, and the actual deduction of 100 1200 × 0.6%= 107.2 yuan per month is actually deducted. If other factors are not considered, the nominal interest rate that can be converted is 7.2%, but the cardholder does not owe 1200 yuan for the bank. In the last month, only 100 yuan in the bank, but the bank still charges the handling fee at 1200 yuan. Essence According to calculations, the real annual interest rate that the cardholder wants to pay is about 15.48%. According to the correct calculation formula, it should be 1200*6%*(1 6%)^12/((1 b)^12-1) = 103.94 yuan, a 3.2%handling fee per period.
There is no interest in installment payment, only installment fees.
The CITIC Bank credit card installment fee is charged on schedule, the repayment amount is required for each period = transaction amount/sub -period number transaction amount*handling rate
The handling rate is also different. The standards of CITIC Bank are as follows: 3 period 6 Issue 9 Issue 12 Phase 12 Issue 24 0.72% 0.66% 0.65% 0.70% 0.70%
It 12 periods, the installment rate is 0.65%, the transaction amount is 2000, and each period needs to be = 2000/12 2000*0.65%= 179.7 yuan.
There are many kinds of stages. See what kind of repayment period do you choose at that time, and the installment will be signed at the time. Under the telephone manual service first, or to complain to you under the sub -branch, someone will call you to explain it until you are satisfied
The amount of CITIC Bank's credit card is 3700. If it is required to be repaid in 6 issues, the handling rate is 7.2%(the latest handling fee for specific banks per quarter):
: 3700*7.2%= 266.4 yuan, and the repayment of each period is: 3700/6 266.4/6 = 661.1 yuan.
The credit card installment fee:
1. General credit card bill installment/single transaction installment, handling fees are as follows:
Rate): 1%(Phase 1), 0.8%(3), 0.72%(Phase 6), 0.72%(9), 0.64%(Phase 12), 0.64%(Phase 18), 0.64%(24th. ), 0.64%(36 periods);
. CITIC Bank credit card cash installment, the installment fee is charged at a certain percentage of the total amount of the installment:
1. ), 0.8%(3), 0.78%(6), 0.76%(12), 0.74%(24th), 0.73%(36 periods);
2. 7 days, 10 days, 14 days, 20 days);
. CITIC Bank Credit Card Yuan Mengjin, the installment fee is charged at a certain percentage of the total amount of the installment (monthly handling rate): 1%(1 period), period (period 1),, phase 1), period (period 1), period (period 1),, period 1), period (period 1), period, period), period (period), period (period 1),, period) 0.75%(3, 6, 12, 24, 36);
. Shopping mall shopping installment, the installment fee is charged at a certain percentage of the total amount of the installment (total handling rate): 2%- 4.5%(3), 3%-5.5%(6), 6%-6.5%(Phase 12), 12%(III), 15%(Issue 36);
n The handling fee for a year -on -year payment of credit cards is less than 18%of the annual cash withdrawal interest, which is 5.31%higher than the bank's commercial loan interest. It is worth mentioning that the loan interest rate of commercial banks has been reduced many times since last year, but the standards for credit card installment payment and cash withdrawal have rarely changed. Although the standards for installment fees for credit cards for each bank are different, the calculation methods are roughly the same.
I assumed that the installment payment amount is 1200 yuan, which is divided into 12 periods. Each period (month) repays 100 yuan, the handling fee is 0.6%/month, and the actual deduction of 100 1200 × 0.6%= 107.2 yuan per month is actually deducted. If other factors are not considered, the nominal interest rate that can be converted is 7.2%, but the cardholder does not owe 1200 yuan for the bank. In the last month, only 100 yuan in the bank, but the bank still charges the handling fee at 1200 yuan. Essence
According to calculations, the real annual interest rate that the cardholder wants to pay is about 15.48%. According to the correct calculation formula, it should be 1200*6%*(1 6%)^12/((1 b)^12-1) = 103.94 yuan, a 3.2%handling fee per period.
There is no interest in installment payment, only installment fees.
The CITIC Bank credit card installment fee is charged on schedule, the repayment amount is required for each period = transaction amount/sub -period number transaction amount*handling rate
The handling rate is also different. The standards of CITIC Bank are as follows:
3 period 6 Issue 9 Issue 12 Phase 12 Issue 24
0.72% 0.66% 0.65% 0.70% 0.70%
It 12 periods, the installment rate is 0.65%, the transaction amount is 2000, and each period needs to be = 2000/12 2000*0.65%= 179.7 yuan.
There are many kinds of stages. See what kind of repayment period do you choose at that time, and the installment will be signed at the time. Under the telephone manual service first, or to complain to you under the sub -branch, someone will call you to explain it until you are satisfied
It's best to call and ask, maybe different cards have different restrictions