The minimum repayment of credit cards is a repayment business launched by banks for friends who have oversswiped their cards and have financial difficulties. If the pressure of current bill repayment is too great for cardholders, they can choose to return the minimum repayment amount before the repayment date. So what are the disadvantages of the minimum repayment of credit cards?

1. Higher interest rate: As a profit-making institution, banks provide users with the minimum repayment service, which is not free. Generally speaking, interest is calculated at the rate of five ten thousandths, and it is calculated by compound interest.

2. Overoverdraft: If the cardholder chooses the minimum repayment method for a long time, the repayment pressure will be reduced, and it will not limit his consumption demand. Therefore, it is easy to form a blind view of consumption, and thus it is difficult to extricate yourself from the credit card.

3. Bad credit record: users can choose the repayment method of credit card. If they always choose the minimum repayment, it will easily lead to the situation that they can't make ends meet. If the capital chain is broken, it is easy to fail to pay the credit card, which will lead to overdue, leaving a stain on the cardholder's credit information and affecting the user's future loan application or card operation.