The minimum credit card repayment amount is not overdue, this is one of the repayment methods allowed by the bank. The main purpose is to alleviate the financial pressure on cardholders who currently lack the ability to repay their debts so that they will not be overdue due to their inability to repay in full. Usually, the minimum repayment amount only requires the minimum repayment amount of 10% of the monthly bill, which is used for users who are temporarily unable to repay the full amount. If the user cannot pay off all debts within a long period of time, consider applying for installment repayment from the bank. Up to 24 installments can be applied, which can further reduce the repayment pressure.

What should I pay attention to when choosing the minimum repayment?

1. After choosing the minimum repayment, the credit card will no longer enjoy the interest-free period. In short, interest is charged on previously unpaid bills, including those paid later. In particular, interest will be calculated from the date of purchase and the interest-free period will not resume until the balance is settled.

2. After selecting the minimum repayment amount, you have to pay interest to the bank. The interest is usually calculated on a daily basis. The interest charged per day is 15,000%, so the more you pay, the more you pay. The longer the trust term, the more interest you have to pay.

3. Users who frequently use the minimum repayment limit are easily identified by banks as users with poor repayment ability. In order to ensure the safety of your own funds, you may apply for a credit reduction on your card. Including subsequent applications for credit cards at banks may also be rejected due to risk control issues.