The annualized comprehensive interest is about 18%, so your final interest is about 1800 yuan.
Credit card is a common credit method, and many people will have their own credit cards. The consumption mode of credit card is overdraft consumption. When users have short-term financial difficulties, users can choose the lowest repayment, and they can choose to repay by installments. If your repayment period exceeds six months, it will be more cost-effective to repay by installments. Regarding your question, I will give specific answers from the following points.
First of all, there are only three repayment methods for credit cards.
Let me talk about the mainstream repayment methods of credit cards first. For most users, they will receive the current bill every month and have a final repayment date. Users need to repay on time before the final repayment date. The repayment method of 1 is full repayment, which is a good habit of using the card. The second repayment method is the minimum repayment, which is more suitable for users with short-term financial difficulties. The third way is to repay by installments. Installment repayment is suitable for users with financial pressure in the medium and long term.
Second, you probably need to pay back the interest of 1800 yuan.
Although the installment interest of each bank is different, the banking industry basically has a unified standard, and the floating ratio is not large. The comprehensive interest of a credit card is generally around 18%. Since you didn't say which bank's credit card it is, if you calculate by 18%, your interest during 12 will be 1800 yuan.
Third, installment repayment is more suitable for users with medium and long-term repayment pressure.
For those users who pay in full in the medium and long term, if the minimum repayment is made every month, the actual amount to be repaid will be very high because of compound interest and penalty interest. At this time, you can choose to pay in installments. You can choose the time for repayment in installments. Personally, I suggest choosing more than 6 months, because installment repayment of more than 6 months will be more cost-effective than the minimum repayment.
To sum up, your interest needs to be repaid about 1800 yuan, and your total repayment amount is 1 1800 yuan.
How much is the ten thousand interest of CITIC Credit Card 12?
The rate of 12 is 0.64%. 10000 yuan is divided into 12 installments, each installment is 10000/ 12=833.33 yuan, and the handling fee is 100000.64%=64 yuan. Total: 833.3364=897.33 yuan. 1, 2: 1%/ period; 3 periods: 0.8%/ period; 6 and 9 periods: 0.72%/ period; 12, 18, 24 and 36: 0.64%/ period. According to the assessment of the risk of cardholders by CITIC Bank, the handling fee rate charged to cardholders with different risk levels can be adjusted within the floating range of 50% above and below the above benchmark rate. Extended data:
The real interest rate of installment payment is very high, which is uneconomical. The user's handling fee for installment payment is calculated by multiplying the total installment payment by a certain rate coefficient at the beginning of the period, rather than the remaining loan amount per month. However, taking the above-mentioned loan of 12000 yuan as an example, it is obvious that
How much is the credit card in ten thousand installments? 12 months?
China Bank's credit card needs to be repaid 1 month before, and 833.33 yuan after 1 1 month. The installment interest rate of China Bank Credit Card 12 is 7.20%, the total interest is 10000.072 = 720 yuan, and the total principal and interest to be repaid at maturity is 10000 (principal) 720 (interest) = 10720 yuan.
Credit card, also known as debit card, is a credit certificate issued by commercial banks or credit card companies to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
According to the different card issuers, it can be divided into bank cards and non-bank cards.
Bank card. This is a credit card issued by the bank. Cardholders can shop and spend money at the special merchants of the issuing bank, or withdraw cash at any time at all branches of the issuing bank or places with ATMs.
Non-bank card.
This kind of card can be divided into retail credit card and travel entertainment card. Retail credit cards are credit cards issued by commercial organizations, such as department stores and oil companies, which are dedicated to shopping in designated stores or filling gas stations. , and settle accounts regularly. Travel and entertainment cards are credit cards issued by service industries such as airlines and travel companies, which are used for ticket purchase, dining, accommodation and entertainment.
According to the different card issuers, it can be divided into corporate cards and personal cards.
Company card. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, state party and government organs, armed forces, organizations and other legal entities.
Personal card. Personal cards are issued to individual urban and rural residents, including workers, cadres, teachers, science and technology workers, self-employed households and other adult urban and rural residents with stable income sources. The personal card is applied in the name of an individual and bears all the responsibilities for using the personal card.
According to the credit status of cardholders, it can be divided into ordinary cards and gold cards.
Ordinary card. Ordinary cards are issued to cardholders with average economic strength, reputation and status, and their requirements are not high.
Gold card.
Gold card is an advanced credit card that pays a high membership fee and enjoys special treatment. Card issuers are those with high credit, strong repayment ability, credit or certain social status. The starting point of gold card authorization is higher, and the additional service items and scope are wider, so the requirements for related service fees and deposits are higher.
How much is the interest of China Merchants Bank's credit card consumption 1 ten thousand installments 12 months?
The credit card consumption of China Merchants Bank is 10000 yuan, divided into twelve months, and the total interest is 792 yuan.
The handling fee rate of China Merchants Bank Credit Card 12 is 0.66%, and the handling fee for each installment = the total amount of installment principal × the handling fee rate for corresponding installments; Then divide the bill of 10000 yuan into 12 installments: the principal required for each installment is 833.33 yuan, and the handling fee required for each installment is 66 yuan, so the total repayment amount for each installment of 12 yuan is 899.33 yuan.
Extended data:
For the transaction without bill, the cardholder can apply for installment payment between the transaction date and the bill date of the corresponding bill at 19:30; For transactions that have been booked, you can apply for installment payment between the next day of the current bookkeeping date and the due repayment date.
If automatic repayment is set for the account, the application deadline is 17: 00 on the due repayment date. If future transactions or bills are planned by stages, you can use the installment reservation function.
RMB installment payment, the minimum amount of each application shall not be lower than that of 300 yuan. For the installment payment of US dollar bills, the minimum amount of each application shall not be less than US$ 65,438+000. The total amount of installment application for unbilled transactions must be equal to the sum of the original transaction amounts, and cardholders cannot apply for partial installment repayment for a single transaction.