Weekly financial reporter Sun Yingdi / text

Today to spend tomorrow's money today, tomorrow, and you have something. Banks and credit card payment gradually becomes the new tricks consumer finance, from the purchase, renovation of housing and other large automobile consumption, to go on holiday, for consumer durable goods such as quality of life consumption and investment, re education charge, buy fitness card...... A lot of consumer life because of this mode of payment more colorful.

In general, housing, cars and wholesale consumer online shopping, public utilities fees are not integral, but there are exceptions, such as the bank's real estate consumer 100 yuan product 6 points, automobile consumption of 100 yuan 8 points. In addition, the consumer a yuan can accumulate points, but the dollar spending for every element integral is different, the Shanghai Pudong development standard Puka can accumulate 16 points, other banks is the lowest one dollar to 8 points.

Consumer credit card, bank can usually be notice to the cardholder to SMS, some banks are free, while others are charges, such as the bank will charge a monthly fee of 4 yuan, and Minsheng Bank also charge the cost of 3 yuan.

　　The 3 into a down payment, car home

2006 from South Korea to study abroad to return to Nanjing, at the age of 26, Zhou Jing returned to his alma mater, I have a colleague to learn to drive, after a few months had just learned to drive Zhou Jing to drive on the addiction, but just less than a year of work did not so much money to "consumption" car. "I was the first batch of enjoying the automobile credit of the owner, bought a comparative economic can enjoy credit Alto car. At that time the installment purchase a car person, always enjoy people surprised eyes. Originally the very normal matter, then to do is unusual, not only the car's economic situation, but also very test the patience of parties. The car credit waited more than half a month." Zhou Jing recalls, in 2006 when the automobile credit also is very strict, dealers are also not past the "enthusiastic", he had to follow the procedures to do step by step slowly. "When a car loan need ID card, residence booklet, proof of income, proof of real estate, housing that almost six proof. Through dealers, banks, insurance companies, departments, in foreign countries for several hours to run business, need at least a few days or even longer time at home.

And after 3 years, the cause has a little improvement, and is planning to marry Zhou Jing and her boyfriend, want to change a new car as a wedding anniversary, but in order to buy a house do wedding wine has been emptied their pockets, Zhou Jing once again played the installment of the idea of buying a car, discuss and her boyfriend a feasibility decision a car, "two people like a madman was so excited. First, every Internet search information, screening the bank cooperation brand. Our family is not rich, so I can only see about one hundred thousand, Shoufu 40000, the remaining instalments, two years to pay off, a month to 2500 yuan, within our reach, so to look at." The newly married Zhou Jing in front of his inner secret reporter and happiness.

A good check information, Zhou Jing and boyfriend access to every 4S shop. Beijing modern, Dongfeng Peugeot, Dongfeng Citroen, Guangzhou Honda, FAW Volkswagen, Changan Suzuki, Shanghai Volkswagen Skoda, even high-end brand Volvo has seen it all, many models have 12 and 18 stage zero fee, zero interest activities. "We linger in the crystalline two cars and the Citroen C21.6L. Because of their fee concessions, can save several thousands. Finally, considering the monthly repayment, the husband decided to buy 18 zero fee Citroen C21.6L. "Jing Zhou two car loans experience lets her ways of installment payment buy what kind of benefits and their advantages and disadvantages have been well known.

　　Bank car loan rates high but the repayment pressure is relatively small

Weekly financial reporter learned that, at present, many banks offer car loans, however, as the car loan risks, banks will be the implementation of the benchmark lending rate is floating interest rate.

Shenzhen Development Bank is responsible for a car loan business staff told reporters, as long as people are buying cars, family cars, can apply for a car loan. However, lenders must be civil servants, university teacher or 500 strong enterprises staff etc.. Generally credited to 70%, the maximum loan to 1500000 yuan. The longest period of 5 years. "Because the auto loan risk is relatively large, and only need to use the car as collateral, and the car has been devalued, so the interest rate, we can only implement the benchmark interest rate or appropriate broke surface." Shenzhen Development Bank auto loan business department staff on the financial weekly newspaper reporter explained, according to the people's Bank of China announced the loan interest rate, the benchmark interest rate 1-3 years is 7.56%, the benchmark interest rate for 7.74% years. The bank will decide how much interest rate broke surface according to the different situations of customers.

In addition, bank car loan and some with the dealer or manufacturer cooperation projects, by the cooperation of business loans, but these cars are generally high-grade car. For example, some manufacturers to specify models of interest free loan for a year, the loan interest paid by car factory or dealer. Purchase a car needs Shoufu 50% funds, after a year as long as the remaining principal all also can. Suppose a year after customer funds, so as to pay 15% of the fare, can apply for a loan, but this year will need to pay the interest, the monthly repayment.

　　Credit card designated model free fee free but repayment pressure

Some banks introduced interest free, non fee for credit card customers purchase a car service, however, can enjoy the preferential general if holders of credit card customers, and shall be designated model. "China Merchants Bank 'car purchase easy' with relatively convenient, and very quickly, do not wait that long." Zhou Jing reckons the credit card convenience car is the most don't like traditional loan that provides proof of household, real estate certificates, proof of income, proof of marriage and so on these data. Credit card installment purchase a car without a mortgage, the counter guarantee also do not need to buy car loan guarantee insurance or additional Guarantee corporation. After the purchase a car and car to discuss a good price, fill in the application form you can apply for instalment. Because from the mortgage, guarantee and other formalities, installment purchase a car need not buy insurance for several years.

However, the maximum amount of payment with credit card overdraft limit hook. For example, most credit card installment purchase a car, the highest amount is four times the amount of credit card overdraft. But the installment amount and consumption credit division, purchase a car after staging, consumption credit is not taken, can use. "The minimum down payment is 30%, which is enough to cover a variety of models from 50000 yuan to about 200000 yuan." China Merchants Bank customer service staff explained, previously, the market is expected to "automobile industry restructuring and revitalization plan" after the introduction, auto loan rates will be from more than 10% currently down to 6%. according to the China Merchants Bank staff, at present as long as it is to the credit card bills for more than 3 months, good credit, repayment records in 5000 yuan of above customers have may participate in the credit card to purchase a car payment business, if this is a new credit card customers, can also apply for this feature, "but, on new applications for a customer, in general if the civil servants, teachers, doctors, lawyers, accountants, 500 strong enterprises staff, in order to qualify for this function." Reportedly, China Merchants Bank also carried out and the whole car cooperation, by instalments, but a year need one-time pay 3.5% fee, a period of two years to pay 7% fee.

Compared with the traditional bank car loan, a credit card can be more convenient, but as the price to pay is the repayment time, repayment pressure. As compared to the traditional loans, credit card installment purchase a car for only two years, but the car loan is generally three years, the longest up to five years, thereby greatly reducing the purchase a car makers for the pressure. With a $100000 car as an example, the three into a down payment, 24 period (2 years) in installments, each to pay nearly 3000 yuan, car costs plus one thousand or two thousand yuan, to four thousand or five thousand yuan.

In addition, the automobile financial company is another installment to fill vacancies become car loan. Auto finance company loan companies and banks and the borrowers, and nuclear is the automobile financial company to pay the first payment, lenders, is for the month and interest, no other expenses, but the automobile financial company different, interest rates and banks are not the same, such as the public finance 3 year rates are compared 6.88%. and bank lending rates, a lot more expensive.

　　Auto finance company loan

● Ford automobile financial (China) Co., Ltd.: a two-year loan interest rate is 8.02%, three - year interest rate is 8.22%, four and five year repayment rate is 8.86%

● Volkswagen Automobile Finance (China) Co., Ltd.: matching the monthly credit products, the loan period of 13-60 months, Shoufu not less than 30% of the price of the car. Interest rates by year from low to high order: 7.3%, 7.5%, 7.9%, 8.5%, 8.9%

● Mercedes Benz auto finance (China) Co., Ltd.: Shoufu car 30%, the loan period of 3-5 years, the annual interest rate changes with Shoufu and loan period in one of 16 ways

● Toyota automobile financial (China) Co., Ltd.: the minimum down payment of 20%, the repayment period is divided into 1 years, 2 years, 3 years and 5 years, 3 years (including 3 years) the loan interest rate is 7.75%, loan period of 5 years the rate is 8.13%

● SAIC finance limited liability company: Shoufu 20%, maximum loan period of 5 years, the loan period matching repayment. 1-3 years of the loan period, the interest rate is 8.33%, 3-5 years of the loan interest rate period was 8.72%

　　Penny also staging: "stingy" quality

Life Weekly financial reporter Lin Hong / text

"I have two years ago in small strokes of credit card Mall 'lost' German Zwilling a cutter, a cutter (three) wooden shelf, just 200 yuan, quality products are super good, market price is 800 dollars, 10 monthly deduction of 20 blocks, a total of ten months." I wish she said immensely proud, bluntly "value". I wish she in a company's marketing director, is the credit card installment of "veteran" level figures, her mouth "small strokes" is China Merchants Bank, 4 years ago, she just graduated, began to set foot on the installment of "happy not to return".

The home of big ticket items including refrigerators, television, computer, mobile phone and so on, Zhu Jia is through the installment to buy, "my idea is to dig a door to a high quality of life", pay attention to the quality of life and she also bought a set of beauty and fitness equipment.

"Payment by installments is a good stuff, especially the traditional for large consumer durable goods payment." This is not only a kind of consumption mode, but also in teaching us a new management idea -- amortization. "Like I spent 3000 yuan to buy a mobile phone, mobile phone is a one-time money to spend, can use for a period of time, such as 1 or 2 years, but the cost has affected my financial planning", wish and said, clearly the future time in the use of the mobile phone, but after 11 months. Support but not reflect. Therefore, I wish she felt, the 3000 yuan of the purchase cost rates to 12 months, which is in the purchase of mobile phone on the monthly expenditure of 250 yuan, which can avoid the large sums of money and finance.

"Of course, payment must be rational with a credit card, or very easy on the back of a lot of credit card debt, a 'slave'. Amortisation is the premise of durable goods, like to eat ah clothes like ah, I never installment, the number of small things are easy to make yourself feel better on the consumption of expensive goods, finally will snowball snowball not brake the car." And when I wish to share the experience of the special mention this point.

At present, China Merchants Bank credit card offers 3 months, 6 months, 12 months and 24 months of installment payment service. Only need to hold the China Merchants Bank credit card one-time consumption amount as low as 600 yuan, can enjoy shopping with installment payment service, payment by installment enjoy the same consumption points, according to the calculation of monthly single period recorded amount, monthly cumulative.

Now, each big bank credit card installment are basically zero interest, but this does not mean that does not charge any fees, in applying for installment payment, the bank will charge a certain amount of fees to cardholders. Each bank charges and standards are different, China Merchants Bank fees according to the different period are: 3 2.6%, 6 4.2%, 12 7.2%

I wish she said ideas, China Merchants Bank now do activities, 3-12 fees are not charged. "I usually activities, collect fees I do not buy, not receiving stage how long I will be long." For "zero cost" China Merchants Bank mall merchandise, wish and also many long in mind: "there are a lot of goods than the market the same product should be high, so prior to do 'homework', but commodity gratia it are lower than the market price, I often pick up to value."

"China Merchants Bank has a very close I love, is not occupied amount, I have a month to brush 3 stage, 1 stage 6 two 12 period, all add up to more than 2, but the card I is 8000 yuan, this is very user-friendly."

"At present, China Merchants Bank fees are not the lowest, the lowest is the China Everbright Bank, but the service of all aspects of good." The bank credit card payment fees are relatively large, such as 3 months for the installment free fee, other banks to charge from 0.72% to 1.95% different charges.

Some banks on the repayment time is more long, the higher the interest rate to encourage the cardholder repayment as soon as possible, such as the bank; and some banks are both stage length, a year are a uniform fees, such as CITIC Bank, Agricultural Bank of China and Bank of standard puka. Most banks are charging installment time is longer, the higher the charges, but the Construction Bank and Shanghai Pudong Development Bank will act in a diametrically opposite way, the borrower payment time is longer, the lower the charge.

Tips

The credit card consumption matters needing attention

One, pay attention to the commodity price information, some goods payment no discount, different price also has the difference, should seriously more payment options;

Two, choose the credit card payment by installment payment, pay attention to the bank payment conditions:

1, understand the overdraft conditions and each can overdraft amount;

2, understand the staging mode selection is exempt from fees, if not exempt from fees, to understand the rate and the calculation method of fee;

3, the choice of the first credit card, in the bank for staging the way consumers, to understand the bank application process, prevent the application is not successful, disrupting a plan; 4, pay attention to understand if the goods quality problems occur, shopping malls agreed to return, how to refund.

　　The installment to make both ends meet

Bank to launch credit card payment business, not to encourage cardholders beyond consumer behavior, income affordability make both ends meet, one of the basic principle is still the personal finance. Credit card payment business may be regarded as one of the financing tools, to solve two practical problems of life: one is to improve the efficiency of capital circulation within a short time, for example, a lot of money in the purchase of decoration stage for purchasing home appliances, alleviate the short-term financial difficulties; two is to avoid consumption disrupted investment rhythm, for example in the securities, gold etc. investment market upward, reduce the amount of cash demand pressure, increase the yield of funds. In addition, the credit card payment business highlights, credit card shopping is free and unrestricted.

　　Credit card payment: trap or pie?

1 free is not free

Bank credit card payment interest free, but some consumers are often in this misunderstanding: mistaken payments do not need to pay any fees.

Such misunderstandings often makes the consumer after the installment payment, found the bill often need to pay tens of dollars or even hundreds of yuan. The original application in consumer installment payment, the bank will charge a certain amount of fees to cardholders.

The 2 stage is longer cost more

In order to reduce the monthly repayment pressure, and extend the repayment installment is wrong. Hire charges also charged, staging more long, collect fees more.

If a credit card installment buying a 6000 yuan computer. If the instalment of 6 months, the total fees paid 259.20 yuan; if the instalment of 12 months, the total fee is paid 518.40 yuan, doubled. So, in the repayment capacity permits, try to choose the short term, in order to save fee expenses.

3 interest free does not mean absolutely no interest

Credit card any payment business, from just the cardholder to return on time full payment under the conditions of interest. If not timely or not full repayment, interest arises. Provisions such as the broad issue of "everything" installment payment business rules: "the principal contribution" and included in the cardholder fee monthly bills should also trade amount, can choose to pay the minimum amount of specific terms of reference, "Guangdong Development Bank credit card customer agreement". That is to say, the cardholder once choose to pay the minimum payment, but also to pay the monthly transaction volume generated interest. Therefore, interest is conditional, not under any circumstances, interest free.

4 interest free does not mean free of payment

The repayment of credit card payment and credit card consumer interest free. If the cardholder's late return installment of "principal contribution" and charges, need to pay late fees. Interest free repayment on time to; otherwise, not only can not free, but also pay a penalty.

The 5 stage is the essence of a loan

Credit card payment business with any "free is not free of charge" features make the cardholder pays a higher fee, the fee and apply to the bank "period, the amount of" consumer loan interest, so the credit card of any instalment is essentially a consumption loans (the installment payment fees and as consumer loans and interest of the year). This form of consumer loans interest rates, may be higher than bank loan interest rate of normal consumption, but far less than the 18% years of credit card overdraft interest. However, consumption has any money with credit card payment by installment, than to apply for bank loans more simple and direct to the procedures.

A period of 6.1 years 10000 yuan of money in different ways of obtaining lower cost comparison

Consumer loan credit card overdraft the GF

Rate of 5.58% 18% 8.4% 7.2% interest rates or fees

Total interest or costs 558 yuan 1800 yuan 840 yuan 720 yuan

Note: in the bank loan practice, loan interest rates will based on the benchmark interest rate broke surface 10% ~ 30%, or even higher

　　Payment fee stage

China CITIC Bank credit card: 12 charges 2.5%

China bank payment: 3 1.95%, 6 3.6%, 9 5.4%, 12 7.5%, 18 11.7%, 24 15%

China Merchants Bank bill payment: 3 2.6%, 6 4.2%, 12 7.2%

The standard card: 0.6% (monthly) the installment payment: 0.72% (monthly)

ICBC (RMB) card: 3 fee free, 6 1.8%, 9 2.7%, 12 3.6%, 18 5.85%, 24 15.6%. (one-time charge)

Construction Bank: 3 stage 0.7%, 6 period and 12 period were 0.6% (monthly)

Guangdong Development Bank: 6 period, 12 period were 0.65%, 18 for 0.7%, 24 for a period of 0.72% (monthly).

China Everbright Bank standard Puka: non consumption before the application of repayment, 12 months time, charge the 0.5%. bill staging 3 types of period, 6 period, 9 period and 12 period each month, charges were 2%, 4%, 5%, 6%, a one-time charge

Shanghai Pudong development standard Puka: 3 0.72%, 6 0.7%, 12 0.66% (monthly)

　　3 stage than

1 bank mortgage and car loan generally need to provide proof of income, the loan period of 1 - 5 years, Shoufu 3 - 5, most of the implementation of the benchmark interest rate.

2 credit card payment by installments, the long period of 2 years, the cost of capital including interest rates and charges two.

3 auto finance company loans, without collateral, the loan period of 1 - 5 years, Shoufu 3, but interest rates may be higher than bank loans of about 7%.