Suppose the billing date of a credit card is 9 days. The bill is due on the 9th of each month, and the repayment date is the 29th. The bill of February 9, the amount payable is 827 yuan. The final repayment date is February 29th, and there are several algorithms:

Algorithm1:February 15 Brush 800 yuan. You return 827 yuan to the bank before February 29th. On March 9th, the balance of the previous bill was 0 yuan+new consumption of 800 yuan+new installment of this period of 827 yuan =1627 yuan. Return to the bank before March 29th 1627 yuan.

Algorithm 2: Credit card 800 yuan on February/KOOC-0/5, and repayment to 800 yuan on February/KOOC-0/6. You should return it to the bank 27 yuan before February 29th. The bill was issued on March 9th, and the balance of the bill in the previous period was 0 yuan+new consumption 800 yuan+new installment in this period of 827 yuan = 1627 yuan. Return to the bank before March 29th 1627 yuan.

Algorithm 3: Credit card 800 yuan on February/KOOC-0/5, and repayment to 800 yuan on February/KOOC-0/6. Pay back 827 yuan before February 29th. The bill was issued on March 9th, and the balance of the previous bill was -800 yuan+new consumption 800 yuan+new installment in this period =827 yuan. Return 827 yuan to the bank before March 29th. After the credit card is repaid in installments, the actual available amount of the credit card = the original total amount-the repaid amount, which can be used for normal consumption. Consumers who have not paid in installments need to repay together with the installment bill on the next billing date. If you are confused, please consult the professional customer service staff of the issuing bank.

If possible, it is best not to apply for installment, and it is best to settle the bill in advance, because interest charges need to be paid for installment. For example, if the installment amount of a user's bill is 12000 yuan, the installment number is 12 months, and the installment interest rate is 0.4%, then the monthly interest expense is 576 yuan, and the cost is still relatively high. ;

The installment of bills will occupy the credit card limit, and if necessary, the cardholder will be unable to spend by credit card due to insufficient credit card limit. Long-term use of installment of bills will make the bank doubt the repayment ability of the cardholder and have a certain impact on the loan;

3. Frequent use of bill installment may lead some cardholders to develop bad credit card habits and excessive consumption, resulting in overdue bank credit cards and bad credit records.

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