Under the ‘breakeven line’, there will be no price war. The annual interest rate for credit card cash installment payments has risen to over 3%, equaling the limit price for consumer loans

On May 17th, several credit card cash installment rates have recently fallen below 3%, bidding farewell to the market. The reporter observed that some bank credit card centers have reduced the intensity of cash installment interest rate discounts, resulting in the annual installment interest rate rising to over 3%. In this way, the actual interest rate level of cash installment is also on par with the guidance of the consumer loan limit policy. Previously, some banks and credit cards launched cash installment limited time discount activities with varying degrees of intensity: the interest discount could be as low as 20% or less, making the overall cash installment annual interest rate calculated to be below 3%. (Securities China)