I just opened a China Merchants Bank credit card with a credit line of 8000 yuan. I went to the photography city and bought a camera. If the application for installment fails, how much will it cost ea

I just opened a China Merchants Bank credit card with a credit line of 8000 yuan. I went to the photography city and bought a camera. If the application for installment fails, how much will it cost each month? Hello, if it is not convenient to repay the generated bill in full, there are two ways for you to choose:

1. Billing installment (only for business cards, business cards (including financial business cards), purchase cards, ANA protection cards or supplementary cards): you can enjoy the interest-free period, but there is a handling fee. Handling fee per installment = total installment amount × handling fee rate per installment. The minimum handling fee for each period is 5 yuan, and the benchmark rates for each period are: 0.9% for the third period, 0.75% for the sixth period, 0.70% for 10, 0.66% for 12 and 0.68% for 18 respectively. Whether the bill installment application is approved or not shall be subject to the comprehensive evaluation results of our credit card center.

If it is divided into 12 phases, the trial results are as follows:

Installment amount: 7,800 yuan

Number of periods: 12 periods

Principal of each installment: 650 yuan.

Handling fee for each installment: 5 1.48 yuan.

Total repayment per installment: 7,065,438+0.48 yuan.

2. Minimum repayment amount: no handling fee but no interest-free period. If the minimum repayment amount is paid before the final repayment date, but less than the full amount, you cannot enjoy the interest-free repayment period. From the bookkeeping date (usually the day after consumption), interest will be charged on all consumption in the current period, with a daily interest rate of 0.5 ‰ until you pay it off in full.

Minimum repayment amount = 10% advance cash principal+10% non-advance cash transaction principal+100% expense+100% interest+100% excess consumption+100.

If this is the only consumption, the minimum down payment is: 780 yuan.

If you have any questions or comments, please log on to online customer service /cmu/icslogin.aspx? from = B& amp； Logincmu=0 for consultation, and we will serve you wholeheartedly! Thank you for your concern and support for China Merchants Bank!