ICBC minimum repayment calculation method:

Minimum repayment = the unpaid portion of the minimum repayment of the previous bill and the overdraft balance of the current bill (excluding the current installment) Deduction amount) 10 current installment deduction amount. You can check the current minimum payment amount through the current credit card statement.

The minimum repayment amount refers to the minimum amount that needs to be repaid before the credit card repayment date. Repayment of this amount will not incur late fees, but the outstanding portion of the repayment amount will incur overdraft interest.

Extended information: The interest calculation regulations for ICBC Peony Credit Card (excluding quasi-credit cards) are as follows:

1. For transactions involving cash withdrawals and transfers using the credit limit, the daily payment fee is 0.05 Overdraft interest from the bank account date to the repayment date;

2. In addition to cash withdrawals and transfer overdraft transactions, other overdraft transactions such as consumption can enjoy an interest-free repayment period of 25-56 days. There is no need to pay overdraft interest if you repay in full before the due repayment date;

3. Overdraft interest will be calculated from the bank accounting date for transactions that do not meet the interest-free conditions. The overdraft interest rate is 0.05 per day, calculated on a monthly basis. Compound interest is collected;

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

Warm reminder: For specific interest calculation, please refer to the "Peony Credit Card Application Agreement (Personal Card)" and the actual bill. Industrial and Commercial Bank of China-Minimum repayment amount for credit card