The minimum monthly repayment amount of CITIC is 5% of the total repayment amount of the current bill. After the minimum repayment amount is selected, the daily interest will be 0.5% from the consumption date, and the repayment will be compounded monthly.

The calculation method is: "10% consumption within the credit line+100% cash advance transaction+100% unpaid minimum amount in the previous period+100% consumption beyond the credit line+100% expenses and interest".

Extended data:

CITIC's minimum repayment interest:

The overdue interest of CITIC Bank's credit card is charged according to the full penalty interest. If you choose the minimum repayment amount of the bill, you cannot enjoy the interest-free period, and the interest is calculated in two stages:

1. amount (actual amount of credit card swiping) × interest rate (0.0005 per day )× time (days from the day of credit card swiping to the day before the minimum repayment amount);

2: Amount (remaining unpaid amount) × interest rate (0.0005 per day )× time (days from the date of minimum repayment to the day before repayment).

If the bill settlement interest is less than or equal to 0.02 yuan, it will be exempted; If it is more than 0.02 yuan but less than 1 yuan, it will be charged at 1 yuan. The sum of the interest generated in the two stages is the total interest. If you can't repay on time, you must apply to the bank for deferred repayment.

Reference source:

China citic bank-credit card repayment