The minimum credit card repayment amount is the minimum amount of credit card repayment, which is the minimum amount to repay the credit card. Minimum credit card repayment = consumption balance 10, cash withdrawal balance 10, interest balance, balance of other payable fees, and the unpaid portion of the minimum repayment of the previous period.

The daily interest rate for most credit card minimum repayments is generally calculated at 0.05. If the credit card bill is not repaid in full on time, interest will be calculated on a case-by-case basis based on each purchase in the bill. Generally, interest will be calculated from the second payment on the card. Compound interest will be recorded on a monthly basis until the transaction is paid off. When the cardholder fails to repay the minimum repayment amount before the due date of the current period, liquidated damages will be incurred. A penalty of 5% of the unpaid portion of the minimum repayment amount will be incurred. Charge.

Extended information:

When repaying a credit card, if it is only the minimum payment, it will generally not affect your personal credit. As long as you pay the minimum payment amount of the current bill before the repayment date, it will not be overdue. Some banks will also have a grace period for repayment. However, once the amount owed reaches the point where you are unable to repay it, there will be a risk of overdue payment, which will create a bad record on your personal credit report, which will have an impact on your future business with the bank.

It should be noted that as long as there is a remaining balance on the credit card that has not been repaid, new interest charges will be incurred every day. The longer the time goes by, the higher the interest charges that the cardholder will bear.

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