The minimum repayment amount of a credit card refers to the minimum repayment amount per month, which is shown on the bill of that month. Calculation method of minimum repayment amount of credit card:
Minimum repayment amount = 65,438+00% for all general transactions in the credit card account+65,438+000% for all unsettled installment transactions in the account+65,438+000% for the unpaid part of the minimum repayment amount in the previous period+65,438+000% for all funds used in the account exceeding the credit limit.
Interest is charged on the remaining arrears after the minimum repayment amount, and the interest is charged at a daily rate of 0.5 ‰ from the bookkeeping date of each transaction until each arrears is paid off.
Extended data:
Matters needing attention in choosing credit card repayment method:
The method of "1, minimum repayment amount" is cyclic interest calculation, and the interest-free period of 20~50 days is no longer enjoyed. If the cardholder chooses the "minimum repayment amount" to repay, he will pay a lot of interest for it. If he does not repay for a long time, he will accumulate interest in cycles.
2. Consumers should carefully weigh before choosing credit card installment, and at the same time know the corresponding installment fees and the relevant regulations of the issuing bank on early repayment in detail to avoid blindly choosing unnecessary installment business.
3. In addition, it is necessary to distinguish the billing date and repayment date of the credit card. The repayment date is generally 18~25 days after the bill date, and the interest-free period of swiping the card on the day after the bill date is the longest, and the interest-free period of swiping the card on the day before the bill is the shortest.
China Merchants Bank official website-How to calculate the minimum repayment amount of credit cards?
Phoenix. Com-"minimum repayment amount" is better than "bill installment". Interest-free does not mean free.
If the minimum repayment is made, the reputation will not be affected.
Take China Merchants Bank's credit card as an example. If the minimum repayment amount of the bill is not returned in time before the due repayment date, late fees and interest will be charged, and personal credit will be affected. The overdue fine is 5% of the unpaid minimum amount, and the minimum amount is RMB 10 yuan or USD 1 yuan. Interest refers to the collection of all consumption in the current period from the bookkeeping date (usually the day after consumption), with a daily interest rate of five ten thousandths until you pay it off in full. In order to avoid affecting personal credit, it is recommended that you repay on time. If it is not convenient to pay off the bill in full, please pay off at least part of the minimum payment on time. Minimum repayment amount of credit card =65438+ 00% of all general transactions in the credit card account+100% of all outstanding installment transactions in the account+100% of the unpaid part of the minimum repayment amount in the previous period+100% of all the funds used in excess of the credit limit of the account. If you can't pay off in one lump sum, you can pay off the minimum repayment amount on time before the final repayment date, without affecting your personal credit, but you can't enjoy the interest-free repayment period. All consumption in the current period will bear interest from the bookkeeping date, with a daily interest rate of five ten thousandths. (If you repay in full and on time, you can enjoy an interest-free period for credit card spending) If you don't repay, your credit will be affected and interest will be charged. Banks will ask for compensation first, and then they will not rule out seeking legal solutions. I suggest you ask your relatives and friends for help and repay as soon as possible.