In everyday terms, all the needs that you want cannot be directly met. However, there is a solution that you can choose to get the needs you want by way of credit card installments. In every bank, there will be products of this type.
 
This time, we will learn about BCA credit card interest. BCA credit card interest can also be said to be not large when compared to several other types of banks. BCA credit cards are one of the cards with the largest number of customers in Indonesia, so it is not surprising that the interest is relatively small. For more details about the interest on this BCA credit card, you can learn through the explanation below.

BCA Credit Card Interest Explained

BCA credit card installments are a common choice taken by many people to make transactions easier. This transaction option is often chosen by customers because there are a number of benefits that can be obtained. In addition, there are many merchants who accept payments for this card, so access to everything needed for daily needs will be very easy.

Basically, the credit card installment facility from BCA is intended to ease shopping or payments that cannot be made in cash. However, of course, ideally this facility is only used to meet important needs because credit cards are also interpreted as owing money to the bank and are obliged to pay it off. There is a BCA credit card installment program with 0 percent interest.
 
However, before choosing this payment method, first make sure whether the merchant is working with Bank BCA which has a 0 percent interest installment program or not. Because 0 percent interest installments do not apply to all merchants.
 
Some of these merchants or online marketplaces do not provide this 0 percent installment service automatically because not all types of BCA credit cards can use it. In this case, you have to choose manually to then get a notification whether your card can get the feature or not.

Fees on BCA Credit Cards

In general, BCA credit cards have several fees charged to BCA credit card users, including:

  1. Annual Fee Fee. The annual fee of these credit cards will be different from each other, this is based on the credit card level, namely whether it is basic, intermediate, or upper. The higher the credit card level, of course, the greater the annual fee fee charged.
  2. Credit card interest. Bank BCA sets a standard lending interest rate of 2.95%. This interest charge will be charged directly to the credit card user when paying bills/installments with a minimum payment.
  3. Miscellaneous fees. Other costs included here are late fines, card replacement fees, administrative fees, overlimit fees, and others.

Types of BCA Credit Cards

Bank Central Asia or BCA has 10 types of credit cards. Each type of credit card has different features and is adjusted to the customer's wishes and abilities. These types of credit cards are:

BCA Visa Gold

BCA Visa Gold comes with a variety of attractive promos from electronics, gadgets, furniture, health, beauty, to travel. The benefits that you can get from BCA visa gold are rewards of 0.2-20% for fuel, hypermarkets, and monthly bills. Every IDR 10,000 redemption will get a reward of 100 GFF/Kris Flyer miles.
 
The terms and conditions of this BCA Visa Gold credit card are a minimum monthly income of IDR 4 million with a minimum payment of 10% of the monthly bill and a maximum cash withdrawal of 40% of the credit limit. Cash withdrawal fee of 4% of the cash withdrawal amount or a minimum of IDR 40,000 with a cash withdrawal interest rate of 2.25% per month of the cash withdrawal amount.

BCA Card Platinum

Next, there is the BCA Card Platinum which is also part of the BCA Card option. The feature that you can get is the BCA auto debit payment system facility.
 
With this service, you will be free from administrative fees and free annual fees for the use of a limit of more than 30% per month. The application requirement is to have a minimum income of IDR 10 million. The annual fee for the first card is IDR 250 thousand and the annual fee for the additional card is IDR 175 thousand.

BCA Everyday Card

The main features of this BCA Everyday Card credit card are a 5% cashback program at petrol stations (non-subsidized - Shell, Total, and Pertamina), 5% cashback at Hypermarkets such as Carrefour/ Transmart, Lotte Mart, Giant, and Hypermart. For the installment program, there is a BCA installment facility of 0.5%/month throughout the year.
 
BCA Everyday Card has reward points with retail spending transactions of IDR 1,000. You will get 1 BCA reward point.
 

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You can also get a reward of up to 15% for every transaction using this type of BCA credit card. In addition, you can also enjoy various BCA credit card facilities such as BCA installments, BCA autoplay, BCA reward points, BCA credit life, and others.

BCA Indomaret

Furthermore, there is BCA Indomaret which has main features such as you can set your own additional credit card limit according to your needs with a minimum of IDR 1,000,000. Other features such as free fees for the first 1 year for the main card (for applications until December 31, 2021) and free fees forever for 1 additional card.
 
You can also enjoy installments with low interest for various kinds of transactions. In addition, you can also enjoy several BCA credit card facilities such as BCA Autopay, BCA rewards, automatic travel accident insurance, and 100% refundable hospital insurance.

BCA Mastercard Black

There are main features of BCA Mastercard Black that you can enjoy such as dining promos at 5-star hotels, free upsize at Starbucks, accepted throughout the Mastercard network, free first year fee. For the facilities, you can enjoy such as BCA Autopay, 0% BCA installments specifically for overseas transactions, you can convert your transactions (minimum IDR 3,000,000 into BCA installment transactions with a long period ranging from 3, 6, to 12 months.
 
Furthermore, there are BCA rewards that you can get anytime and anywhere, including abroad. You will get BCA rewards that you can exchange directly for various items you need at all places marked with BCA rewards, according to the amount of your rewards. Then there is automatic travel accident insurance, 100% hospital insurance.

BCA Mastercard Matahari

Furthermore, there is BCA Mastercard Matahari which has benefits such as cashback of IDR 60 thousand, for a minimum transaction of IDR 600 thousand per month at Matahari Department Store, accumulated spending applies. The maximum cashback is 1x cashback in 1 billing period.

There is also a maximum cashback of IDR 2.5 million for 150 Top Spenders every 3 months, the cashback will be credited on the billing statement in the following month, when the period ends. In addition, another benefit that can be obtained is BCA installments of 0% for 3 months for transactions at Matahari Department Store with a minimum of IDR 1 million through BCA EDC machines. You can also enjoy special promos such as birthday gifts in the form of 2x MCC rewards (maximum IDR 75,000 MCC rewards) during BCA Matahari credit cardholders' birthday months, MCC rewards are larger with a 1.5% rebate (transactions of IDR 20,000 = 300 rewards), as well as BCA rewards of 0.2% on every transaction.
 
The limit of the BCA Mastercard Matahari card is IDR 3,000,000 - IDR 19,000,000 with a maximum cash withdrawal limit of IDR 4,000,000 per day. The interest earned is 2.25% per month with an annual fee of IDR 125,000.

BCA Mastercard Platinum

The advantage that you can get when you have BCA Mastercard Platinum is that you can enjoy rewards of up to 20% for use on fuel, hypermarket, and monthly bills. Every Rp 10,000 reward redemption becomes 200 Garuda Frequent Flyer/ Krisflyer Miles, Starbucks promos such as free upsize and pay 1 for 2.
 
There is 100% cashback at Blibli, pay 1 for 2 at Cinema XXI, discount of 45,000 at Happy Fresh, H&M voucher of 100,000, discount of IDR 250,000 at tiket.com, 15% discount & cashback voucher of 250,000, shopping voucher of 1,000,000 and also Top Spender Deals.
 
The card limit on BCA Mastercard Platinum is IDR 20,000,000 with a maximum cash withdrawal limit of IDR 10,000,000 per day. The interest earned is 2.25% with an annual fee of IDR 250,000. Other benefits are 1.25% installment interest for a maximum tenor of 9 months, 0.75% installment interest for a tenor of up to 36 months, and a reward of 1 point for each transaction worth IDR 1,000.

BCA Visa Black

There are advantages that you can get when using BCA Visa Black are discounts for the purchase of flight tickets and tour packages. There is a rupiah reward that gives you a bonus in the form of rupiah, the amount is between 0.25% - 20% for buying fuel, shopping at retail stores, and paying various monthly bills.

BCA installment program with a flexible term with a minimum spending requirement of IDR 500,000. You can convert this transaction into a BCA installment transaction with competitive interest rates and flexible installment terms according to your needs. This credit card offers various features, one of which is the BCA Travel service.
 
To be able to enjoy the BCA Visa Black credit card limit which reaches IDR 24,000,000, you must have a minimum income of IDR 10,000,000. The BCA Visa Black credit card limit is IDR 3,000,000 - IDR 24,000,000 with a maximum cash withdrawal limit of IDR 4,000,000 per day. The interest earned is 2.25% per month with an annual fee of IDR 125,000.

How to Calculate BCA Credit Card Interest

For those of you credit card users, you must know how much credit card interest the bank has charged so far. It is necessary to manage your monthly finances to be better. In addition, by knowing the amount of credit card interest, you can guess how much you have to prepare to pay credit card installments.
 
The average credit card interest rate is no more than 2.25%. Even so, credit card interest calculations usually use daily interest, which is intended to simplify the process of calculating late payment fines as well as calculating the difference in bills.
 
Assuming you make a credit card transaction on February 1 with a value of IDR 5 million, while the bill printing period is done every February 25 with an interest of 2.25% per month, then the credit card interest calculation is 2.25% x 12 months / 365 days.
 
From this amount, it can be seen that the credit card interest per day is up to 0.00073. After that, calculate the difference between the transaction date and the bill printing date, if the transaction is made on February 1, 2020, then the difference is 24 days. If that has been done, then you can calculate the credit card interest by adding up IDR 5 million x 0.00073 x 24. The result is IDR 87,600, the amount of interest on this credit card does not apply evenly, each bank has their own policy.

Of course, the larger the number of credit card transactions made, the greater the credit card interest that must be paid. So if you are already using a credit card, allocate a little more than the total transaction to pay the bill along with the credit card interest.
 
Although later in detail you will also get a monthly report on how many bills must be paid along with the credit card interest, but that way you can better control your existing shopping appetite.

How to Use BCA Credit Card for Installments

To make it easier for customers to pay credit card bills, Bank BCA offers the BCA Installment program. This is a program to convert credit card bills into installments.
 
With a minimum transaction of IDR 500,000 from the BCA platinum credit card limit or other types, you can convert it into installments with competitive interest rates and tenors that can be chosen according to your needs. To convert a credit card bill into installments, you can follow the following steps.

  1. Change transactions directly at merchants marked with BCA installments.
  2. Then type Installment, send an SMS to 69888 or contact Halo BCA at 1500888, one day after the transaction occurs.

Advantages of using installments from BCA credit card limits:
  1. Can buy goods and make transactions according to the financial plan
  2. Installment facilities can be used without registering
  3. Competitive interest rates

After knowing everything about BCA credit card interest, you can find out other things about BCA credit card interest through other media or you can also ask directly to the bank concerned. Not only at BCA, you can also make credit installments through other banks.
 
Thus the discussion from GICTrade regarding the explanation of "BCA Credit Card Interest: Types, Calculation Methods, and Fees". You can also find out other information about banks, investments, and other finances, such as "Bullish Pennant: Definition, Patterns, and How to Trade" only in the GIC Journal. Also make sure you deepen your forex knowledge at GICTrade, via the scalping ebook, and also NFP live trading through the Google Play Store and Apple App Store.