Several credit card providers offer the possibility of paying in installments. However, the interest for the amount due is very high.
The comparis.ch credit card comparison made following assumptions for the calculation of the interest charges:
Selection for installments:
- no, never: the total monthly turnover is always paid by the due date.
- yes, rarely: the full amount of the turnover (minus obligatory repayment) for 2 months is charged twice a year in installments.
- yes, regularly: the full amount of the turnover (minus obligatory repayment) for 3 months is charged 3 times a year in installments.
- yes, often: the full amount of the turnover (minus obligatory repayment) for 5 months is charged twice a year
- yes, maximum: the full amount of the turnover (minus obligatory repayment) is charged in installments.
The amount due is composed of the rest amount from the previous month, the accumulated interest (including compound interest) as well as the current monthly turnover.
