Reliable.
The Industrial Bank credit card cannot be cancelled if it has been processed for 36 periods. Users can only choose to prepay and terminate the installment, and need to call the customer service hotline to apply. If the automatic installment service is enabled on the card, the user can choose to close the service, but the bill that has applied for installment is also irrevocable. Therefore, users must carefully consider whether to apply for staging. Once the installment application is successful, it cannot be cancelled.
1. History of Industrial Bank Co., Ltd.:1Established in August 1988, it is one of the first joint-stock commercial banks approved by the People's Bank of the State Council and China. The company was officially listed on the Shanghai Stock Exchange in 2007 (stock code: 60 1 166), and its headquarters is located in Fuzhou.
2. Service concept of Industrial Bank: Since its establishment 30 years ago, it has always adhered to the business philosophy of "sincere service and growth" and is committed to providing customers with comprehensive, high-quality and efficient financial services. By the end of 20 14, the total assets of Industrial Bank exceeded 4 trillion yuan, reaching 4.4 1 trillion yuan, an increase of 19.84% over the beginning of the year. The net assets per share attributable to ordinary shareholders was 65.438+0.286 billion yuan, an increase of 22.6 1% compared with the beginning of the year. The annual operating income was 65.438+024.834 billion yuan, a year-on-year increase of 654.38+04.23%; The net profit attributable to shareholders of the parent company was 47,654.38+0.08 billion yuan, a year-on-year increase of 65,438+0.436,5438+0%; The weighted average return on equity remains at a high level of 2 1. 19%; Set up 108 branches in major cities in China, with 1435 branches; It owns subsidiaries such as Xingye International Trust, Xingye Financial Leasing, Xingye Fund, Xingye Consumer Finance, Xingye Wealth and Xingye Guo Xin Asset Management, and has formed a modern financial service group with banks as the main body, covering trust, leasing, funds, securities, consumer finance, futures and asset management.
3. Service tenet of Industrial Bank: As the first "Equatorial Bank" in China, Industrial Bank has always adhered to the "scientific and sustainable" development concept, operated legally, steadily and in a civilized manner, taking into account the interests of shareholders, customers, banks, employees and the social environment, and actively practiced corporate social responsibility, which has been widely recognized and praised by all walks of life at home and abroad.
4. Honors won by Industrial Bank: In recent years, it has won the honors of the best joint-stock commercial bank, the most innovative bank, the most listed company with investment value, the best shareholder return bank in Asia, the best profit bank in Asia, the best corporate citizen in China, the most socially responsible listed company, the best green bank, the winner of the Asian Sustainable Bank Award, the national advanced group for emission reduction, and the "carbon society citizen" of the World Environmental Protection Conference. According to the latest evaluation by the British Banker, American Fortune, Forbes and other international authoritative organizations, Industrial Bank ranks 43rd among the global 1000 banks, 338th among the global 500 companies, 29th among the global 2000 listed companies, and ranks among the domestic 10 banks. And has been rated as the best joint-stock commercial bank by authoritative institutions or organizations at home and abroad for many times.
How about credit card installment?
The interest rate of credit card installment repayment is not high, and the annualized interest rate of credit card installment repayment 12 is between 13%- 17%. Compared with the other eight joint-stock commercial banks, the annualized interest rates of the four major banks are lower, and the annualized interest rates of Agricultural Bank and China Construction Bank are the lowest, which are 12 banks, both of which are 13.03%.
Credit card installment payment refers to the process that when the cardholder uses the credit card to make a large amount of consumption, the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and then the cardholder repays the money to the bank in installments and pays the handling fee.
According to the cardholder's application, the bank deducts the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder repays according to the monthly recorded amount.
In the early days of credit card installment payment, banks often advertised under the banner of "interest-free", and indeed many citizens were "fooled". In fact, interest-free is not free, just a different name.
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%. According to the correct calculation formula, it should be12006% (1+6%)12/(1+b)12-1) =1.
The main benefits of credit card installment payment:
Enjoy first, then pay.
Without a guarantor, the procedure is simple.
Fixed time and easy payment.
Free of payment and monthly repayment.
More room to choose payment methods.
From the form of installment payment, there is a limit on the initial amount of a single transaction for cardholders to handle this business, and the level of installment repayment and the standard of handling fee are also different; It can be roughly divided into three categories:
The first category is the cooperation between banks and special merchants, but the product types are limited;
The second category is the catalogue of the bank, which is purchased by the cardholder, and then the bank entrusts the supplier to deliver the goods to the customer;
The third category is not limited to merchants and commodities. Cardholders can apply for installment repayment from banks after shopping, and some banks even set the acceptance scope to the whole world.
Is China Merchants Bank's UnionPay exclusive installment credit card reliable?
Unionpay's exclusive installment credit card is quite good, with high credibility and more reliable. Mainly divided into gold cards and ordinary cards, the difference lies in the size of the quota. However, installment credit cards will definitely receive credit information, and it is equivalent to paying a certain amount of interest like bank loans, so it is not recommended that you handle it.
1. What is the installment fee card?
This is a new credit card specially launched by China Merchants Bank, which gives you a certain amount, which is determined according to your personal credit rating. For example, your amount is 98,000 yuan. Then you can apply for this credit card for consumption, and automatically repay it in 36 installments after consumption. There is a handling fee for installment, which is 3.0%, and the preferential rate is 0.2% for each installment. The annualized interest rate for the next year is 4.79%. In the second year, China Merchants Bank will re-evaluate the handling fee and credit line for the next stage. To put it simply, this credit card is like borrowing a sum of money from a bank, using the loan to spend it, and after spending it, you have to pay back an interest.
2. It is not recommended to handle it.
Because credit cards are used in advance, if you can repay them in time, you don't have to pay interest. However, this CMB credit card is equivalent to a CMB loan, and it has to pay high interest. Many netizens also think that this ratio is very high. Many netizens also said that it is easy to get on the credit list with this credit card, and the bank will think that you have poor financial ability and no money to spend, so you will borrow China Merchants Bank. If we use credit card services correctly, credit cards can provide us with stable cash flow. But if we can't use credit cards correctly, credit cards will become the source of our debts. If funds permit, it is recommended to use the whole generation and repay in full to get the interest-free period of the corresponding time.
Whether it is spending money, loans or installment cards, it is actually a kind of advanced consumption, which is actually a bad consumption habit. The best way is to save money honestly.
Is it reliable to buy a mobile phone by credit card in installments?
Reliable. Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is more reliable to buy a mobile phone by credit card in installments. A credit card is a kind of card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back.
So much for the introduction of credit card installment payment.