China Daily

credit card installment, because lengthening the repayment period to ease the repayment pressure was a lot of consumers, of course, a lot of money in fees and interest are also prohibitive for many people.

So, if you can interest free credit card installment fee, whether it will certainly be value for money? In fact, there is no free "lunch." So-called "Interest Free" is nothing but banks and merchants to tamper with the concept of consumers in the form of calculations. In the so-called special offers, consumers not only not benefit, may also pay a higher cost.

Interest Free is a front

Credit Card Online Shopping Mall Price elasticity

present, major banks types of products online market is extremely rich, its content include digital communications, travel tickets, books, audio and video, home appliances department store and so on. Face an array of products, many cardholders have chosen overdraft consumption, but this time, Bank of mouth "interest-free, fee-free" mail-order credit card installment payment on a number of cardholders to reduce the pressure the best option.

installment of the so-called mail-order, is the issuing bank online credit card holders in the mall shopping, purchase the appropriate products and hire of goods will be delivered to consumers by mail form. Customer service said in a joint-stock commercial banks, postal banks to help businesses hire the equivalent of consignment of some products, banks can get the rebate from, it does not charge any fee for cardholders.

But the reality is not as Bank of mouth advertising is so "beautiful", the careful shopper can easily find the bank order stage than the market prices are often a large portion of expensive.

cardholder Xiao Zhang told reporters recently that he would like to buy a laptop, this time just before the bank sent a "mail-order share the wonderful July," which a performance of IBM's notebook Excellent, beautiful appearance, quite attractive Chang's eye, the most important thing is to promote a single market prices indicated on 5799 yuan, while only 5,199 yuan to buy here, but also sub-12 paid only 433.25 yuan each, and without any interest and fees. IBM notebook is only 5,000 yuan succeed, in Xiao Zhang appeared to be very cost-effective, more importantly, Xiao Zhang is stuck holding the funds are not willing to cut his own flesh to sell, hire the equivalent of helping to keep the fund Xiao Zhang, the little Zhang did not hesitate and ordered one.

but it was Xiao Zhang found himself in excellent laptop on sale for 4,781 yuan, and buy themselves time to spend the 418 yuan. After calculation, the extra 400 yuan this happens to the money paid the fee installments (the amount charged for the consumption amount of around 8.8%), than they buy in the outstanding credit card payments, then this consumer applications installment is more expensive, Xiao Zhang suddenly have a feeling fooled.

channels and handling fees both

"gray" links of interest to help banks boon

Chang's experience is not a case of the reporter in a large state-owned online mall commercial banks arbitrarily search a Nokia E71 mobile phone, according to mall offer cardholders points 12 to buy the phone, the monthly pay 180 yuan, 2,160 yuan for a total amount of goods. The Nokia official sales website, marketing the same product and the price is only 1,966 yuan, 194 yuan a difference.

So, if the consumer installments to buy the phone, how much they need to charge it? According to the charges of state-owned bank, the cardholder's transaction valued at between 1,500 yuan to 6,500 yuan, consumer installment of the fee was 0.72% per month. Therefore, the 12 installments of the fees for the 1966 × 0.72% × 12 ≈ 169.86 元. Called "interest-free, non-fee" credit card mail-order business in phases, not only failed to benefit consumers, but much better than the average consumer to spend more than 20 yuan in phases.

is called "fleece", looks affordable, cheap credit card mail-order business is not a free lunch in phases. Bank One to industry sources, online mall products are often higher than the market, middle price quotations, in fact, banks have to charge transfer to the prices of these commodities on the.

addition to making money from their customers, the banks do to help businesses hire, but also to charge merchants a percentage of the channel costs. "In general, customers using a credit card installment purchases of goods in the business, merchants will pay a certain amount to the bank channel costs. This is sometimes a per channel cost of 20-50 per charge, sometimes in accordance with the amount of the transaction 1% -2% fee, charge types vary according to business type. while banks in order to maintain daily operating income, will be charged to the cardholder fee installments. to 1,200 yuan a customer to buy goods sub-12 repayment, for example, the installment fee is generally around 7.2% -8.4%, that is, the cost customers pay 86.4 yuan -100.8 dollars. if you count the cost of business to the bank of the channel, banks 1,200 yuan in a consumer must earn at least 20 +86.4 = 106.4 yuan. you can imagine, if the free-free interest rate, bank earns 20 yuan a channel fee. "In this regard, a senior credit card users told reporters. In his view, although the banks higher than market price for and between businesses into different parts, but the businesses in order to maintain the bank to pay channels, is likely to sell more than 50% of the profits. But the relevant Bank Credit Card Center to comment on this statement.

transaction disputes bank is not responsible for

expert: "bought not sold fine"

's survey found that banks in some models of digital products just launched, higher price when a price agreement signed with the business, and then in the commodity market a month or months, and so on down the market price is still high after the launch to customers. In this process, the bank did not appear to raise the price of goods, was able to get high from the merchant rebates. But what good little consumers.

In addition, the reporter found, commercial banks, online shopping mall only provide payment and settlement services, if the product price dispute, the quality of dispute, service disputes and other issues, the banks will not be responsible to resolve customer and merchant trade disputes between consumers directly to the manufacturers need to reflect and consultation.

, of course, some people expressed interest in mail-order stage, a card of Friends, said young people abroad due to insufficient funds in, many things are using hire purchase, so that both can be achieved their aspirations, they do not interfere too much money to bring their own pressure, is a good model. He says young people should learn to plan their own arrangements for payments, using the installment to buy the things they need, rather than always looking for parents to ask for, payment by installments for the Independence of young people is very good.

However, many in the consumption of China's cardholders do not have enough self-discipline, there has also spawned installment of a large number of credit card debt, these people spend money on excesses, leading to credit card debt increasingly more and ultimately achieve their unsustainable levels. Central bank data showed credit card the first quarter of rapid growth in the total, reaching 1.48 trillion yuan, up 42.9%. But quite a lot of that in the first quarter of this year, credit card bad debt increased 1.108 billion yuan, compared with non-performing rate of the fourth quarter of 2009 rose by 0.4 percentage points to 3.5%. Joint-stock banks in which the bad credit card rate rose sharply to 5.1%, 2% higher than the state-owned banks.

expert advice, though installments, the cardholder should be moderate, not to spend too much money to buy luxury goods. Cardholders can arrange their own situation, as appropriate, if the funds on hand tight, no installment payment is not expensive choice, but if money off hand, best shop around and choose their own after the purchase channel.

Not only that, although the bank's credibility, support a large number of cardholders to use credit cards online mall shopping, but the quality of purchased products and banking problems are not related. That is, in installments throughout the online shopping process, the right bank only charges, no charge obligations.

"buy than sell fine. Consumers should be more rational and can not be fooled by appearances." Central University of Finance and the China Banking Research Center, Renguo Tian Yong said. In his view, on the surface of an interest-free banking in the original capital cost is great feedback, but in fact, "carrying a holding general Shen, sometimes the so-called concessions, only the flowers dress up the trap it." Tian Guo Yong said.

Chinese Commercial News reporters Cui Lvping and Meng Fanxia weeks Division race / Man Tin Arts / Comics