Current location - Trademark Inquiry Complete Network - Overdue credit card - The monthly statement date for my China Merchants Bank credit card is the 17th. When is the latest time to repay it? Also, what does the minimum repayment amount of this period 105 mean?
The monthly statement date for my China Merchants Bank credit card is the 17th. When is the latest time to repay it? Also, what does the minimum repayment amount of this period 105 mean?

Hello, if your bill date is the 17th of each month, your repayment date is the 5th of the next month. You can enjoy the interest-free period for credit card purchases. This means that if you pay off all your consumption before the final payment date, you do not need to pay any interest. The interest-free period for repayment ranges from 20 to 50 days, and the length of time will depend on the specific time of your consumption. If your consumption is before the current bill date, it will be included in the current bill; if it is after the bill date, it will be included in the next bill, and you can enjoy a longer interest-free period.

The minimum credit card repayment amount is the minimum amount stipulated by the bank that you must repay before the monthly payment due date. You do not need to repay the full amount, but the repayment amount in each period must be greater than the minimum repayment amount. This is your basic repayment requirement to maintain a good credit record. If you choose the minimum repayment and are unable to enjoy the interest-free repayment period, all purchases in the current period will accrue interest from the recording date (usually the second day after consumption), with a daily interest rate of 0.05% until you pay it off in full. If you repay the current period's repayment amount listed on the bill in full before the payment due date, you can enjoy the interest-free period for your consumption payments. You can choose the repayment method based on your specific circumstances. Minimum repayment amount = 10% cash advance principal + 10% non-cash advance transaction principal + 100% fees + 100% interest + 100% excess consumption + 100% unpaid portion of the minimum repayment amount in the previous period + 100 % of the single installment amount. Please refer to the minimum repayment amount listed in the bill.

(If you have other questions, it is recommended that you consult "Online Customer Service"/cmu/icslogin.aspx?from=B&logincmu=0. Thank you for your attention and support!)