ICBC minimum repayment amount calculation method:

minimum repayment amount = unpaid portion of the minimum repayment amount of the previous bill+1% of the current bill overdraft balance (excluding the current installment deduction amount)+current installment deduction amount. You can check the minimum repayment amount of the current period through the current credit card statement.

the minimum repayment amount refers to the minimum amount to be repaid before the credit card repayment date. Repayment at this amount will not result in late payment fees, but the outstanding part of the repayment amount will generate overdraft interest.

Extended information: ICBC Peony Credit Card (excluding quasi-credit card) has the following interest-bearing provisions:

1. For the transactions of cash withdrawal and transfer by credit line, the overdraft interest of the money used shall be paid at the rate of .5% per day from the bank bookkeeping date to the repayment date;

2. Except for overdraft transactions such as cash withdrawal and transfer, other overdraft transactions such as consumption can enjoy an interest-free repayment period of 25-56 days, and no overdraft interest is required for full repayment before the due repayment date;

3. The overdraft interest is calculated from the bank bookkeeping date for transactions that do not meet the interest-free conditions, and the overdraft interest rate is .5% per day, with compound interest on a monthly basis;

4. No interest is paid on the deposit in the account.

Tips: Please refer to Peony Credit Card Collection Contract (Personal Card) and the actual bill for specific interest calculation. Industrial and Commercial Bank of China-Minimum Payment of Credit Card