Bank of Guiyang credit card installment fee calculator

Is it true that Guiyang Bank launched a 30% discount installment?

It is true that Guiyang Bank launched a 30% discount installment. According to relevant data, the staging activity of Guiyang Bank is to spend by credit card before the bill date (2 nd of each month) (excluding cash withdrawal and handling fee). For the installment of each consumption application, each cardholder's exclusive installment discount is different, as low as 60%. If you need to check the installment discount, you can check it in the official account of credit card WeChat of Guiyang Bank.

Can Guiyang Bank pay by installment after buying a house with a credit card?

Bank of Guiyang can pay in installments after buying a house with a credit card. But the handling fee will not be cheap.

Credit card installment payment refers to the process that the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum when the cardholder uses the credit card to make a large amount of consumption, and then the cardholder repays the money to the bank in installments. According to the cardholder's application, the bank deducts the consumption funds by stages through the cardholder's credit card account, and the cardholder repays according to the monthly amount.

Generally speaking, the handling fee of credit card installment 1 year is lower than the annual cash withdrawal interest 18%, and higher than the bank commercial loan interest 1 year 5.3 1%. It is worth mentioning that the loan interest rate of commercial banks has been lowered many times since last year, but the standards of credit card installment fees and cash withdrawal interest have rarely changed. Although different banks have different standards for credit card installment fees, the calculation method is roughly the same.

Suppose the installment amount is 1.200 yuan, divided into 12 installments, and each installment (month) repays 1.000 yuan, and the handling fee is 0.6%/ month, and the actual monthly deduction is100+1.200× 0. If other factors are not considered, the convertible nominal annual interest rate is 7.2%. But the cardholder did not always owe the bank 1.200 yuan. In the last month, he actually only owed the bank 1 1,000 yuan, but the bank still charged the handling fee according to 1, 200 yuan. According to the calculation, the actual annual interest rate that the cardholder has to pay is about 15.48%.

Can the Qianxiu card of Guiyang Bank be used for more than one year?

The Qianxiu Card of Guiyang Bank can be used for more than one year. According to relevant information: Guiyang Bank's credit card is overdue for one year, and interest-free installment can be negotiated.

How much is the special installment fee for Guiyang Bank's credit card?

The credit card installment rate of Guiyang Bank is quite high, and the interest plus handling fee is about 1.5 points.

So much for Guiyang Bank to launch credit card installment.