Which is the higher interest rate of credit cards of China Everbright Bank and China Merchants Bank? For example, if you swipe your card 15000, how to calculate the minimum repayment formula of these two bank credit cards? With China Merchants Bank's credit card, the minimum repayment amount is the minimum amount that you must repay before the monthly repayment due date stipulated by the bank. You don't have to pay the full amount, but the amount of each installment must be greater than the minimum amount, which you keep.

Basic repayment requirements for a good credit record. If you can't enjoy the interest-free repayment period if you choose the minimum repayment amount, you will be charged interest on all consumption in the current period from the bookkeeping date (usually the day after consumption), and the daily interest rate will be 0.5 ‰ until it is fully paid off.

Pay off. If all the payable amount of this period is paid off before the due repayment date, you can enjoy the interest-free period of consumption. You can choose the repayment method according to the specific situation.

Minimum repayment amount = 10% advance cash principal+10% non-advance cash transaction principal+100% expense+100% interest+100% excess consumption+100. Please refer to the minimum repayment amount listed in the bill.