Generally speaking, the repayment amount refers to the minimum repayment amount of a credit card, which refers to the minimum amount that a customer needs to repay every month after using the credit line of a credit card, indicating that there is no need to apply only on the credit card bill of that month. If you can't repay in full and on time, you can pay the minimum repayment amount on time before the due date without affecting your personal credit. If you only pay the minimum repayment amount, you can't enjoy the interest-free installment repayment treatment. During this period, all transactions of credit card bills will be charged with interest gradually from the billing date, with a daily interest rate of five ten thousandths until the repayment date. That's what paying back the money means.

Credit card introduction

Credit card also has a name called credit card, which is a credit certificate issued by a bank or credit card institution to users who meet the credit standards. Its type is a card with the name of the issuer, expiration date, number and user name printed on the front, and a magnetic stripe card and signature printed on the back. Customers with credit cards can go to specially invited commercial units to buy things or spend money, and then the bank will settle accounts with merchants and users, and users can cash out within the required credit limit. What do you mean, pay back the money? Knowledge points are for reference only.