The minimum repayment amount of Bank of Communications means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can repay according to the minimum repayment amount stipulated by the issuing bank, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is 65438+ 00% of the consumption amount plus other payables. The minimum repayment amount is listed on the current bill.

If the repayment amount is greater than or equal to the minimum repayment amount but less than the full repayment before the repayment date stipulated by the Bank of Communications credit card, the bank will default to the minimum repayment amount.

After spending by credit card, only the minimum repayment amount is paid, as long as there are enough credit cards. The minimum repayment of credit card will generate certain interest, but it has no adverse effects, and it will not be overdue and will not affect the credit history.

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The consequences of overdue credit cards are as follows:

1. liquidated damages, generally the minimum repayment amount, 5% of the unpaid part.

2. The interest rate is high, and it is rolling interest. When there are many debts, the interest rate is scary.

3. Overdue will tarnish the credit record, resulting in the inability to handle financial needs such as buying a house and lending in the next two years.

4. If the payment is overdue for more than 3 months and the amount exceeds 1 000, and repeated dunning fails, you will not only pay back the money, but also bear criminal responsibility.

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