The minimum repayment amount means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can repay according to the minimum repayment amount stipulated by the issuing bank, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is 65438+ 00% of the consumption amount plus other payables. The minimum repayment amount is listed on the current bill.

Minimum repayment amount = 65,438+00% of the consumption amount within the credit line+65,438 of the cash advance transaction amount+000% of the unpaid part of the previous minimum repayment amount+65,438+000% of the consumption amount exceeding the credit line+65,438+000% of the expenses and interest.

At present, in the above formula, some banks use the minimum repayment rate of 10% to advance cash.

Pay the "minimum repayment amount" before the due repayment date, and calculate the interest accordingly. But it will not affect personal credit.

Credit card bill installment payment is a kind of credit card installment payment, which means that the credit card holder asks the credit card center to return the consumption amount to the bank in installments after swiping the card.

Installment payment of credit card bill is the simplest installment payment method. You only need to call the bank credit card center or log in to personal online banking to apply for installment payment during the period from the credit card consumption to the due repayment date.

Minimum consumption:

The minimum consumption of banks applying for installment is basically between 500- 1500 yuan, including ICBC 600 yuan, China Construction Bank, Bank of China, China Merchants Bank 1000 yuan, Bank of Communications 1500 yuan (Y-power card is a single 500 yuan), CITIC 1200 yuan, Agricultural Bank of China and Guangfa Bank. Everbright Bank does not require the amount. As long as the cardholder uses the designated card, the bill will be automatically divided into 12 installments.

1. After the credit card has paid the minimum repayment amount, the remaining unpaid amount can be repaid at any time, but the latest repayment time is the next repayment date. In the meantime, the remaining unpaid money will generate interest. If you have enough funds, you might as well pay it back earlier. Second, although the credit card will generate interest after paying the minimum repayment amount, it will not be overdue. If you can't repay in full in the current month, you can also choose to repay by installments or the minimum repayment amount. However, using the minimum repayment times more will have a certain impact on the withdrawal, and the bank will think that your repayment ability is insufficient.

Third, then, how much interest will be generated by always repaying according to the minimum repayment amount? As we all know, after the minimum repayment amount of a credit card is paid off, the remaining unpaid amount will no longer enjoy the interest-free period, and the cardholder will pay the cyclic interest (current bill interest+unpaid amount interest) on all transactions of the current bill.

Fourth, give an example to teach you how to calculate interest. Suppose the billing date of your credit card is the 5th of each month and the maturity date is the 23rd of each month. You spent 3000 yuan on165438+1October 28th. 65438+ Only the minimum repayment amount of 300 yuan (3,000 yuan×10%) was paid before February 23rd, so the circulating interest on the statement on the 5th of next month =55.8 yuan.