According to the regulations of the Central Bank, the minimum monthly repayment amount of a credit card should be 10%. For a bill of 10,000 yuan, the minimum payment is only 1,000 yuan. Note that from the day when the 10,000 consumption occurs, until the day it is paid off For one day, the unpaid portion will bear a recurring interest rate of 0.5% per day.

The minimum repayment amount of China Merchants Bank's credit card is the minimum repayment amount of the credit card, that is, the minimum amount that needs to be repaid when using revolving credit, which is not less than 10% of the outstanding balance. The amount notified on the statement shall prevail. If a credit card holder has difficulty repaying all the amount due before the due repayment date, he can repay according to the minimum repayment amount stipulated by the card issuer, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is the consumption amount. 10% plus other various payables.

Extended information:

Instalment repayment notes:

1. Understand the number of installments and handling fees. Before applying for credit card installments, you must base your financial situation on your own. The situation is to calculate the number of installments. If the installment is too short, the repayment pressure will still be great, because the longer the installment, the more the total handling fee will be charged.

2. Once the installment is successful, it cannot be canceled. Once the bank credit card installment application is successful, it cannot be canceled. Even if you have enough ability to repay all the arrears, all previous handling fees must be paid. clear. Moreover, after the installment, the available limit of the credit card will also be occupied. Every time a part is repaid, a part of the available limit will be restored.

3. Non-refundable handling fee for early repayment. When applying for installment, you need to know whether you need to pay the handling fee in one go or collect it in installments. What you need to understand is that regarding the handling fee, no matter where it is, For this payment method, as long as you choose the number of installments, the handling fee cannot be changed. Even if you repay in advance, the handling fee will not be less. After installment, even if you have the ability to repay in advance, the installment cost cannot be reduced.

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