The minimum repayment amount does not affect personal credit, but after the minimum repayment amount, it will be charged in full monthly from the date of repayment. Interest rates and monthly interest rates can easily form a vicious circle. There is no minimum repayment for contacting the bank. As long as the amount deducted by the bank on the repayment date is greater than or equal to the minimum repayment amount, it will not be overdue, just calculate the interest according to the above.
Calculation formula:
Minimum repayment amount = 65438+ 00% of the unpaid consumption amount within the credit line+65438+000% of the cash advance transaction amount+65438+000% of the unpaid part of the previous minimum repayment amount+65438+000% of the consumption amount exceeding the credit line+65438+000% of expenses and interest.
Extended data:
When a cardholder uses a credit card to make a large amount of consumption, the issuing bank will pay the consumption funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and deduct the consumption funds from the cardholder's credit card account in stages according to the cardholder's application, and the cardholder will repay according to the monthly recorded amount.
Credit card installment mainly includes bill installment and single consumption installment, and banks usually charge corresponding handling fees according to the number of installments. Whether it is bill installment or single consumption installment, the premise is to generate consumption behavior first, and then the bank will set installment repayment for the generated credit loan.
There are three repayment methods of credit card in the bank: full repayment, minimum repayment and installment repayment.
Full repayment and minimum repayment are the default repayment methods. Generally, banks will indicate the current bill amount and minimum repayment amount on the current credit card bill. If the cardholder repays according to the bill amount, it is full repayment; If the repayment amount meets the minimum repayment amount but is lower than the bill amount, it is repaid according to the minimum repayment amount.
Baidu encyclopedia-stop payment