How to check Kookmin Card installment fee and interest by individual
Finance Credit Card/KB Kookmin Bank Kookmin Card
The advantage of using a credit card is that you can apply installments for large payments.
However, since each card company and each card product has different card installment interest rates and fees applied to installment payments, it is recommended that you check the fee rate of the card company and card you use before using it. 국민카드 할부 수수료
In particular, in the case of Kookmin Card, unlike other credit card companies, it does not present generalized standards for installment payment interest and fees by policy. In consideration of the member’s credit rating and usage amount, installment interest and fees are presented individually. 좋은뉴스
Therefore, if you enter the transaction amount and the number of installment months in the case of an installment transaction, you can view individual installment interest and commission rates on the Kookmin Card website.
In addition, if the installment interest is higher than expected, you can cancel the installment payment, and you can pay the amount paid in a lump sum in installments.
How to calculate expected installment fee for Kookmin Card
After logging in to the Kookmin Card website, click [Estimated Installment Fee] on the [My KB] tab to check the installment fee and commission rate (%) according to the amount used and the number of installment months.
※ In October 2022, there was a change in the Kookmin Card homepage UI, so we will inform you of the direct route. However, please note that Kookmin Card login is required to view. (Login is possible with PIN, KB Pay, ID password, joint certificate)
– Estimated fees charged when using credit card installments can be inquired through the homepage, and the fee rate at the time of inquiry is applied and guided.
▶ Short-term card loan (cash service) limit, fee inquiry
Path: Homepage > Finance > Short-term card loan (cash service) > Limit/fee inquiry (☞ Shortcut)
▶ Estimated installment fee inquiry
Path: Homepage > My KB > Credit card use > Estimated Installment Fee (☞ Shortcut)
For example, if you make a 5-month installment plan for a usage amount of KRW 1 million, you will receive a commission rate of 19.20%. This fee rate may vary from person to person.
Installment payments and commissions came out quite a lot more than I thought. Why do people use Kookmin Card?
Kookmin Card provides interest-free benefits depending on the member store and card type.
▼ First, let’s take a look at the interest-free benefits of merchants. At the member stores below, you can receive interest-free benefits for 2 to 6 months with Kookmin Card.
In terms of shopping/distribution, Internet shopping malls (Interpark, Lotte.com, AK Mall), department stores (Lotte, Hyundai, Shinsegae, AK, Galleria), outlets (Lotte, Shinsegae Simon), large supermarkets (Lotte, GS, Homeplus Express, E-Mart) Everyday) and large marts (E-Mart, Lotte Mart, Mega Mart, E-Land Retail, Homeplus, etc.).
In addition, you can receive interest-free installment benefits for travel/leisure (various airlines and travel agencies) and home appliances (Hi-Mart, Etland, etc.).
▼ If you are too lazy to check each member store individually, it is better to check the interest-free installment benefits for each card type.
You can also check various credit card products that offer interest-free installment benefits for 2 to 3 months for all industries on the Kookmin Card website.
What if I belatedly confirmed my card installment benefits that I did not know when using the card?
You can apply for installment payment (installment conversion), so you can rest assured.
▼ You can apply for installment conversion for the payment by clicking [Installment payment] in the payment tab of [My KB] on the Kookmin Card website.
However, it is possible if the payment details are over 50,000 won, and the available hours are limited to 08:00 ~ 17:30 on business days, so it is better to apply as soon as possible.
In addition, when changing the number of installment months, you can change among the installment details to be paid for this month.
A credit card that can benefit you if you use it wisely, but becomes a loss if you use it unknowingly and indiscriminately.
Please check the card installment interest and fees carefully, enjoy the benefits you can enjoy as much as possible, and use the fee to the card company to a minimum.
<Source: Kookmin Card website>