We all know that too much credit card debt will affect credit card processing and loan application. General banks will refer to the average usage records of credit cards in the past six months.
Except for lending, the other loans are real liabilities.
As a stain on credit reporting, overdue should not be underestimated.
Therefore, some card friends can only choose the minimum repayment amount in order not to let their credit cards expire.
The minimum repayment amount of each bank is different, which is generally about 10% of the bill amount.
However, if the minimum repayment amount is not paid this month, the minimum repayment amount next month = the minimum repayment amount next month+the overdue fine payable this month+the minimum repayment amount this month (about 65438+ 00% of the total amount).
In addition, the minimum repayment amount is reflected in the current bill together with the payable amount. Bian Xiao, a door-to-door pos machine, reminded that if the minimum repayment amount is adopted, it means that the interest-free repayment period will no longer be enjoyed.
Although the minimum repayment amount can prevent the credit card from being overdue, the resulting handling fee can not be ignored.
After the minimum repayment amount, from the date of repayment, you need to charge five ten thousandths of the full billing date interest of the month, and compound interest on a monthly basis, which is easy to form a vicious circle.
You don't need to contact the bank to pay the minimum repayment. As long as the amount deducted by the bank on the repayment date is greater than or equal to the minimum repayment amount, it will not be overdue, but interest will be charged as mentioned above.
Why is the minimum repayment a pit? Because there is no interest-free period after you choose the minimum repayment amount, the original interest-free period will also bear interest at this time.
This is also the reason why the famous host took the bank to court last year because the handling fee was too high.