Credit cards need to be repaid. Although credit cards can be overdrawn in advance, before the repayment date, the money of the used credit card still needs to be repaid, and the installment payment has interest. Then, how about the installment handling fee of the traffic credit card? What are the requirements for applying for a traffic credit card?
The calculation method of installment interest of Bank of Communications credit card is: interest = installment balance * period rate.
The calculation method of installment service charge of credit card of Bank of communications is: service charge = service charge of each installment * installment principal * installment number. Bank of Communications credit card installment fee is 0.72% per month.
Conditions to apply for Bank of Communications credit card:
1. Aged between 18-65 years old, with stable local residence and valid legal identity;
2. Have full capacity to act;
3. Have a stable source of work and income, and have the ability to repay;
4. Good personal credit record;
5. Other conditions required by the Bank of communications.
Here, I would like to say that when I apply for installment repayment, I can also prepay it, but the handling fee will not be refunded. For example, if you still have 10 issues and have money, you can pay them back at one time. But you originally divided into 12 periods. The handling fee of 12 periods is what you have to pay and will not be refunded. Once the installment is determined, the installment service fee has been generated. No matter whether the repayment is made in advance or not, the service fee will not be reduced, collected or refunded.
The above is the introduction of "how to calculate the installment interest of traffic credit card" by Xiaobian. Xiaobian suggests that you should not pay in installments, because the installment needs interest and handling fee, which is very uneconomical. You should not be forced to pay in installments.