There is no interest in the installment repayment of Agricultural Bank of China credit card, only the installment fee is charged.

The bank credit card installment fee rate is 0.6 per period, and one period is one month.

If the cardholder’s installment payment amount is 1,000 and the payment is divided into 6 installments, then the total handling fee is 1,000×0.6×6=36 yuan.

Can I apply for a bank card if my credit card is overdue?

You can apply for a savings card or debit card if your credit card is overdue, because there are no credit requirements for applying for a savings card, regardless of whether the user's credit is good or not. , users can apply for debit cards. Of course, after applying for a debit card, if the user still wants to apply for credit business, he may not be able to do so successfully. After all, overdue credit cards will cause users to have bad credit reports, and bad credit reports will prevent them from applying for credit services.

After using the card overdue, it is best for users to pay off the overdue balance as soon as possible, so as not to affect subsequent processing of other credit services.

Different banks have different interest rates. In fact, the annualized interest rate is between 13-17. Generally speaking, the rates of the four major state-owned banks are lower than those of commercial joint-stock banks.

Take the Agricultural Bank of China, which has the lowest rate, as an example. The monthly rate for a single period is only 0.6, regardless of whether it is divided into 3 periods or 12 periods. As for Industrial and Commercial Bank of China, which has an intermediate fee rate, its installment handling fee is collected in one lump sum, with rates divided into 3, 6, 12 and 24 periods at 1.65, 3.6, 7.2 and 15.6 respectively.

Some banks do not charge the installment fee all at once, but spread it evenly to each installment and repay it together with the principal. The installment handling fee is the single-period rate*number of periods*principal. In terms of single-period rates, for example, China Merchants Bank's rates are 0.9, 0.75 and 0.66 in 3, 6 and 12 periods respectively.

In addition, there is Bank of Communications, which has different installment rates based on how much you owe. If you owe 1,500-6,500 yuan, the single-instal rate is 0.72. If you owe 6,500-12,500 yuan, , the rate is 0.7, and the rate owed further is 0.68.

Whether the interest rate of installment is high or not is related to the frequency with which you use installment, and also to the card-issuing bank.

Take Agricultural Bank of China, for example, which only has a single-period rate of 0.6. Assuming that you can't pay off this period's bill, you have a debt of 50,000. If you can't afford it right now, you can choose to divide it into three installments. The handling fee is: 50,000*0.6*3=900 yuan. This amount must be acceptable to everyone.

If you cannot afford to pay it back for a long time, you can pay it back in 12 installments. The Agricultural Bank of China's handling fee is 50,000*0.6*12=3,600 yuan. This is already the bank with the lowest rates. If you switch to a Pudong Development Bank credit card, the single-issue rate for 12 periods is 0.74, and the handling fee is: 50000*0.74*12=4440 yuan.

Legal basis:

Article 70 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" Under special circumstances, it is confirmed that the amount of credit card debt exceeds the cardholder's repayment ability and that If the cardholder is still willing to repay, the card-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement. The maximum term of a personalized installment agreement shall not exceed 5 years.