1. Is paying the minimum payment considered overdue?

As long as the minimum payment period for credit card repayment is not overdue, it will not be recorded on the card. A person's personal credit is under investigation. Because the minimum repayment is based on the minimum repayment standards stipulated by the bank, just like full repayment and installment repayment, if it is recognized by the bank, it will naturally not be counted as overdue. However, the minimum repayment will accrue interest, so if the cardholder cannot repay all the debt in the short term, it is best not to choose the minimum repayment. The cardholder must consider carefully according to his or her own situation when repaying.

If possible, it is recommended to pay off as much of the bill as possible, because credit card interest rates are very high, usually 0.05% per day.

2. What is the impact of minimum repayment?

Although the minimum repayment function of a credit card will not affect personal credit investigation, if the minimum repayment function may make credit card users rely on it, So they often use the minimum repayment feature. In the long run, credit card debts will increase and may eventually become overdue due to inability to repay, which will have a negative impact on personal credit checks.

In addition, if the cardholder often uses the minimum repayment amount of the credit card, the bank may think that the cardholder has recently had financial problems and is under great repayment pressure. To control risk, banks may reduce credit card limits for credit card holders.

3. Will the minimum repayment of a credit card become more and more?

No, the user selects the minimum repayment amount on the repayment date, and interest will be charged on the unpaid portion on a daily basis. The full amount will be charged to your next bill. As for the next bill, it depends on the user's consumption amount and the actual recorded amount. The larger the consumption amount, the larger the repayment amount will be, regardless of whether you choose the minimum repayment amount.

But friends need to note that the minimum repayment interest is calculated on a daily basis and compounded on a monthly basis, so the longer we delay repayment, the more interest will be generated.

In short, the above is all about whether paying the minimum repayment is considered overdue. When consuming, friends can also choose different repayment methods according to their own circumstances, so that we can The loss is minimized, and the wrong repayment method not only easily causes overdue payments, but also causes us to make additional repayments to the bank and increases our repayment pressure.