Among the installment repayment methods of Guangfa Credit Card, the simplest one is the "minimum repayment amount" automatic installment repayment. "Minimum repayment amount" means that the cardholder can make repayment according to the minimum repayment amount stipulated by the issuing bank when he can't repay all the payables before the due repayment date (inclusive). Generally, the minimum repayment amount is 10% of the consumption amount and other payables, which will be listed on the current bill of the credit card.
The calculation method is "10% credit line consumption+100% cash advance transaction+100% minimum outstanding amount in the previous period+100% super credit line consumption+100% expenses and interest".
Since the title does not give a specific amount, the following example will demonstrate the calculation formula:
Suppose that a Guangfa credit card holder has not owed money in the previous period, the billing date of each month is 25th, and the due repayment date is the following month 13. It spent a total of 15000 yuan on February 00, 65438. Therefore, in the statement of February 25, 65438, the cardholder's "payable amount in this period" was 15000 yuan, and the "minimum repayment amount" was 1500 yuan. If the cardholder is temporarily unable to pay15,000 yuan for repayment, he decides to use the minimum repayment method to help himself by stages, and make repayment according to the minimum repayment amount 1500 yuan on June 65438+June 654381March 3.
Extended data
China's relevant laws ("NPC Standing Committee on
Credit cards are generally plastic cards with a special carrier, with a length of 85.60 mm, a width of 53.98 mm and a thickness of1mm. The name of the card issuer, the expiration date, the number and the name of the cardholder are printed on the front, and the chip, magnetic stripe and signature strip are printed on the back. Cardholders can use credit cards to shop, spend money and deposit and withdraw cash from banks.
Baidu Encyclopedia: Credit Card
Guangfa Bank official website: Guangfa Smart Credit Card