12 months without interest.
Explanation:
Interest-free installment payment means that banks cooperate with merchants to provide certain products or services to credit card holders, and banks first pay the products purchased by cardholders in full to merchants in one lump sum.
Interest-free installment refers to the cooperation between banks and merchants to provide certain products or services to credit card holders. The bank first pays the products purchased by the cardholder in full to the merchant in one lump sum, and then the cardholder repays them to the bank in installments by credit card. As long as the installment amount of the current period is paid back before the monthly repayment due date, there is no need to pay interest.
Precautions:
It is not completely free, and you have to pay a certain handling fee to the bank.
The price of the goods it buys is higher than the market price.
What do you mean by 12 interest-free IOUs?
12 interest-free IOUs refer to IOUs that users apply for 12 installment repayment, during which only the loan principal needs to be repaid, and no installment fee is charged.
“JD。 COM White Strip is the first Internet credit payment product in the industry, which allows users to enjoy the consumption experience of "consumption first, payment later, real-time approval and arbitrary installment", and quickly becomes an industry model, laying the leading brand position of Jingdong Finance in the consumer finance industry.
In positioning, "JD. COM White Strip is a credit payment service for users with high credit rating and consumer demand through the credit evaluation of big data. Users can enjoy the service of paying first and shopping in installments in JD.COM Mall, with a maximum of 24 installments. Bills can also be repaid in installments, with the lowest repayment rate and lower execution rate than bank credit cards. Jingdong Finance Consumer Finance has opened more than 1 100 million users.
Since then, "Baitiao" has also opened up O2O(JD.COM arrives at home), global purchase and product crowdfunding within the JD.COM system, and then gradually covered the fields of renting, tourism, decoration, education, wedding and so on, extending from credit house purchase service to providing credit consumption loans, covering more consumption scenarios and providing credit consumption services for more consumers.
JD.COM Baitiao's service scene has gradually expanded, with nearly 10 million online and offline merchants, covering life and entertainment, business travel, education and training, communication, leasing and other industries. Cooperate with the bank to co-sign the electronic account "White Strip Flash Payment", expand the white strip payment to offline through NFC technology, and further broaden the use scenarios of white strip payment by binding WeChat payment.
2065438+March 2009, according to the statistics of the referee document network, more than 200 people have used JD. COM white strip "fraud. According to the verdict, the average age of the defendants in 107 is 28 years old. Take JD as an example. The two courts in Changsha pronounced that college students accounted for nearly half of the defendants. The defendant's maximum sentence was 19 years, with an average sentence of 2.35 years. In addition, the number of college students deceived mentioned in the judgment exceeded 362, which became a more conspicuous group among the victims.
What does the interest-free period of JD.COM IOUs 12 mean?
12 interest-free IOUs refer to IOUs that users apply for 12 installment repayment, during which only the loan principal needs to be repaid, and no installment fee is charged. You may encounter interest-free IOUs 12 during the event. When the user's repayment ability is insufficient, the interest-free benefit of IOU 12 can reduce the repayment ability. Of course, as long as the IOUs are used, users need to repay on time. Interest-free IOUs are reduced installment fees. If the user is overdue, the generated overdue interest IOUs will not be reduced.
The so-called interest-free period refers to the buffer period for customers to save money after the credit card balance is zero (or the balance in the card is less than the commodity price), which generally means that customers will have this interest-free period after spending. The longest interest-free period, as an explanation, if the bank stipulates the 25th of next month as the repayment period, then 1, so the longest interest-free repayment period is 56 days; Consumed on the 2nd, and the repayment period is 55 days. The longest interest-free period is: most banks such as Bank of Communications, Industrial and Commercial Bank of China and Agricultural Bank are 56 days.
Classification:
There are generally two kinds of interest-free period settings. One is that the bank clearly stipulates that one day of each month is the deadline for interest-free repayment, and the interest-free period is the date between the bank's bookkeeping date and the deadline. Both ICBC and ABC adopt this method; The other is that the cardholder chooses a billing date as needed, and then sets the latest repayment date according to the billing date, so the interest-free period is the date between the billing date and the latest repayment date of the bank, such as CCB and Minsheng Bank (6000 16, stock bar).
For example, if Ms. Ding's monthly billing date is 1 and the repayment date is the 25th of each month, if Ms. Ding spends 5,000 yuan on the second day of the August billing date, that is, August 2nd, and the new billing date of the bank starts from the second day, that is, August 2nd, then this consumption will definitely not be paid on the bill of 1, then Ms. Ding will be in August. However, if Ms. Ding swiped her card for 5,000 yuan on July 3 1, then this consumption record will be on the bill on August 1 sunrise, and will be returned on August 25th at the latest, but she swiped her card 1 day in advance, and the interest-free period is only 25 days.
Therefore, cardholders can only enjoy the longest interest-free period given by the bank if they spend money on the same day or a few days later.
In addition, the longest interest-free period of each bank is different. The longest interest-free period for China Bank, China Construction Bank, China Merchants Bank and other 10 card-issuing banks is 50 days, and that for Minsheng is 5 1 day. The longest interest-free period for four banks, such as ICBC and Agricultural Bank of China, is 56 days. Some banks have different longest interest-free periods due to different credit card types. For example, the longest interest-free period of the Bank of China Platinum Card launched by Bank of China is 59 days, and the rest are 50 days. Therefore, cardholders can better arrange funds by knowing the interest-free period of credit cards, calculating the consumption time.
What does JD.COM12 installment interest-free mean? Fine solution! No kidding!
Interest-free installment 12 in JD.COM means: installment 12 is free of handling fee (service fee). If there are interest-free activities or interest-free coupons when purchasing goods, you can choose to pay in blank and check the corresponding interest-free discount in the discount column. Please refer to the discount page for details.
2. Interest-free preventive measures:
(1) coupon interest-free use: check whether the goods in the order meet the coupon use conditions, whether the installment times meet the coupon interest-free requirements, whether the coupon expires, and the same order cannot be superimposed with a white coupon, and one order can only enjoy one white coupon discount.
(2) If you use the store's coupon-free and interest-free, it is recommended to carefully check the rules on the activity page to verify whether the goods in the order meet the interest-free conditions.
(3) After submitting the order, you need to select the payment IOUs and the corresponding installment number on the settlement page, and select the optional IOUs for payment.
Extended data
1. Debut installment coupon for white coupon:
(1) If there is no installment order in the current bill, the order installment button will not be displayed.
(2) You can view one or more installment orders.
(3) Installations are not supported for orders in installments, orders with an amount less than 10 yuan, and orders that have been repaid or refunded.
2. White coupon with bill installment coupon:
(1) The installment amount and qualification of the bill shall be subject to the comprehensive evaluation of the system.
(2) The minimum bill installment amount is greater than 100 yuan.
(3) The bills carried forward overdue in the previous period cannot be divided into installments.
(4) The bill installment can only be used between the billing date and the final repayment date, and the bill installment coupon can be used when the bill can be installment and the coupon is valid.
References:
Jingdong Finance-How to Use White Coupon