The credit card installment payment fee of CITIC Bank
If the credit card of CITIC Bank needs to be repaid in six installments, and the service fee rate is 7.2% (mainly based on the latest service fee standard published by the bank every quarter):
The total service fee is: 37,7.2% = 266.4 yuan, and the repayment for each installment is: 3,7/.
Credit card installment repayment fee of CITIC Bank:
1. General credit card bills are installment/single transaction installment, and the fees are as follows:
According to a certain proportion of the total installment amount (monthly fee rate): 1% (1st installment), .8% (3rd installment), .72% (6th installment) and .72% (9th installment).
2. The credit card of CITIC Bank is divided into cash installments, and the installment fee is charged according to a certain proportion of the total installment amount:
1. The monthly fee rate: -1% (1st installment), .8% (3rd installment), .78% (6th installment), .76% (12th installment) and .74% (24th installment).
2. Daily handling fee rate: .4%(7 days, 1 days, 14 days, 2 days);
3. The installment fee is charged according to a certain proportion of the total installment amount (monthly fee rate): 1%(1 installment) and .75%(3 installments, 6 installments, 12 installments, 24 installments and 36 installments);
4. Shopping in the mall is divided into stages, and the staging fee is charged according to a certain proportion of the total installment amount (total handling fee rate): 2%-4.5% (three stages), 3%-5.5% (six stages), 6%-6.5% (twelve stages), 12% (twenty-four stages) and 15% (thirty-six stages).
credit card installment
generally, the handling fee for one-year credit card installment is lower than the annual cash withdrawal interest of 18%, which is higher than the bank's one-year commercial loan interest of 5.31%. It is worth mentioning that the loan interest rate of commercial banks has been lowered many times since last year, but the standard of credit card installment fee and cash withdrawal interest has rarely changed. Although the standards of credit card installment fees in different banks are different, the calculation methods are roughly the same.
suppose the installment amount is 12 yuan, divided into 12 installments, and 1 yuan is repaid in each installment (month), with a handling fee of .6%/ month, and the actual monthly deduction is 112×.6%=17.2 yuan. If other factors are not considered, the convertible nominal annual interest rate is 7.2%. However, the cardholder does not always owe the bank 1,2 yuan. In the last month, he actually owes the bank 1 yuan, but the bank still charges a handling fee of 1,2 yuan.
according to the calculation, the real annual interest rate that the cardholder has to pay is about 15.48%. According to the correct calculation formula, it should be 126% (16%) 12/((1b) 12-1) = 13.94 yuan, with an extra 3.2% handling fee for each period.
how to calculate the credit card installment fee of citic bank? There are differences between bill installment and single installment
Credit card installment is a kind of financial service that many cardholders will use. No matter which bank has a credit card installment, there will be a handling fee, but the specific rate standards are different. Today, I would like to introduce to you how to calculate the installment fee of CITIC Bank's credit card.
1. CITIC Credit Card bill installment
Application conditions: the monthly bill can be applied for installment amount above 2 yuan; The installment amount shall not exceed 95% of the current bill amount.
installment fee: the corresponding fee rate varies with the number of installments, as follows:
Phase 1: 1.5%;
phase 3 and phase 6: .8%;
9: .76%;
12 periods: .73%;
18, 24 and 36 periods: .75%.
Single installment of CITIC Credit Card
Application conditions: the single consumption amount is above 1 yuan.
installment fee:
.8% for 3 and 6 installments;
9: .76%;
12 periods: .73%;
18, 24 and 36 periods: .75%.
credit card installment fee = total installment amount, installment number and installment rate
From the above, we can see that CITIC Credit Card bill installment and single installment are different only in the initial installment amount and installment number, and the service fee rate is the same, making the billing installment more flexible.
Then, if cardholder Xiaobai uses CITIC credit card bill to ease the repayment pressure, he chooses 5, yuan in the bill to repay in six installments, and the handling fee is 5,6 yuan.
encyclopedia of knowledge: The eight major banks know all about how to calculate the credit card installment fee of CITIC Bank. I think everyone already knows. As long as they know the charging standard, the calculation is very simple. In fact, if you can repay the loan in full, the handling fee in 24 yuan will be saved. Therefore, you'd better do what you can when using credit cards.
how to calculate the installment interest and handling fee of citic credit card?
credit card swiping by stages of CITIC Bank
Number of stages and handling fee rate: 3 stages, .65%; 6 periods, .6%; 12 issues, .55%; 24 issues, .6%.
handling fee per installment = total installment amount × handling fee rate per installment.
Monthly (installment) repayment amount = installment amount/installment number; corresponding handling fee rate =2/62.6%=3543.33
Interest =3543.336-2=1259.98
How to calculate the installment interest of CITIC Bank credit card
. For the 12th installment, 18th installment, 24th installment and 36th installment, the fees are as follows: 1.5%, .8%, .8%, .76%, .73%, .75%, .75% and .75%.
(2) after the cardholder successfully handles the bill installment, the corresponding credit card line will be occupied, and the occupied credit line will be restored with each installment repayment until the last installment or all installment balances are paid off in advance.
(3) The cardholder has successfully processed the bill installment amount, and cannot apply for installment again and choose the lowest repayment method for repayment. If the cardholder fails to fully repay the remaining bill amount in the current period on time after successful handling, or the amount to be amortized in any installment period is not fully repaid, it will be regarded as incomplete repayment, and interest or late fees will be incurred. For detailed charging standards, please refer to the Credit Card Charging Standard Table of CITIC Bank.
(4) If the cardholder wants to pay off the outstanding installment balance in advance for the bill installment business that has been successfully handled, he must call our customer service hotline to apply, and after the application is passed, he must repay the outstanding installment principal in one lump sum, and the fees collected will not be refunded (including one-time and installment fees), and the remaining unpaid fees will not be charged.
CHINACITICBANK, formerly known as CITIC Industrial Bank, was founded in 1987, and was renamed at the end of 25. CITIC Bank is one of the national commercial banks in China, with its headquarters in Beijing.
the major shareholder is China citic co., ltd. BancoBilbaoVizcayaArgentaria (S.ABBVA) spent 51 million euros (about 5.2 billion Hong Kong dollars) to buy 5% of the shares of CITIC Bank, and it can also choose to increase its shareholding in CITIC Bank to 1.7%. On April 27th, 27, CITIC Bank was listed on the Shanghai Stock Exchange. CITIC Bank is the seventh largest bank in Chinese mainland, with total assets of over HK$ 1.2 trillion, and * * * has more than 16, employees and more than 54 branches. It is one of the six banks and three guarantees for Chinese financial stocks in Hong Kong.
On May 9, 22, China Banking and Insurance Regulatory Commission Consumer Protection Bureau reported that in March, 22, CITIC Bank provided the details of personal bank account transactions to a third party without the authorization of the customer himself, which violated the principle of confidentiality for depositors. In accordance with relevant laws and regulations, our bureau will start the investigation procedure and investigate and deal with it in strict accordance with the law.
At the end of p>1984, with the need of economic development, Mr. Rong Yiren, the chairman of China International Trust and Investment Company (CITIC Company for short), sent a special letter to the Central Committee requesting the establishment of a bank under the CITIC Company system to fully operate foreign exchange banking business. With the consent of the People's Bank of the State Council and China, the Banking Department will be established first to expand the foreign exchange banking business and make good preparations for the establishment of the bank. In April, 1985, CITIC Company established the Banking Department on the basis of the original Finance Department, which further expanded the comprehensive banking business such as external financing, foreign exchange trading, loan issuance, international settlement, financial leasing and deposit absorption. In the two years since the establishment of the Banking Department, with the strong support and help of the People's Bank of China and the State Administration of Foreign Exchange, the business has made rapid progress. Through handling RMB and foreign exchange deposits, loans, import and export letters of credit, international leasing, securities and foreign exchange trading, foreign exchange and other businesses, we have accumulated certain experience and initially met the conditions for establishing a bank. At the end of May, 1986, CITIC Company applied to the People's Bank of China for restructuring the banking department of CITIC Company into CITIC Bank Image Picture Letter Industrial Bank. In early 1987, with the approval of the People's Bank of the State Council and China, CITIC Bank was formally established. The head office is located in Beijing. In April 1987, the People's Bank of China approved CITIC Bank as a state-owned comprehensive bank, a subsidiary of CITIC Company and an independent legal person. The registered capital is 8 million yuan. Self-management, independent accounting and self-financing. Branches can be set up at home and abroad to operate approved banking business. Mr. Rong Yiren, former Vice President of China, is honorary chairman of CITIC Bank
How to calculate the handling fee for credit card installment payment of CITIC Bank?
1. Credit card of CITIC Bank swipes a 22,-yuan computer into 18 installments, and the handling fee for each installment is .82%
The amount to be repaid in each installment = (22,/18,22,.82%) yuan
2. The installment fee for credit card of CITIC Bank in 215, please refer to the following report for details.
Number of periods: 1 period, 3 periods, 6 periods, 12 periods, 24 periods and 36 periods
Monthly handling fee rate: 1.5% .82% .82% .77% .76%
Example: Borrow 1, yuan monthly handling fee of 158,282,777,676
and transfer it to the savings card of CITIC Bank. Transfer to the blue card that has been opened and the card status is normal, and receive the account in real time; Transfer to other bank savings cards and receive them within 3 working days after submission.
just repay the installment arrears directly to the credit card that handles the new express.
There are six stages of CITIC Bank, namely, 3, 6, 9, 12, 18 and 24. The fee collection method is to collect the current fee every month, starting from 1 yuan and starting from 2 yuan.
Let's stop talking about how to calculate the installment fee of CITIC Credit Card.