The minimum repayment amount of China Bank's credit card means that when it is difficult for the cardholder to repay all the due repayment amount before the due repayment date, he can make repayment according to the minimum repayment amount stipulated by China Bank. Using the minimum repayment amount can alleviate the pressure of credit card repayment without affecting personal credit. However, if you use the minimum repayment amount, you can no longer enjoy the interest-free period.

Calculation of minimum repayment amount of credit card in China Bank;

Minimum repayment amount of China Bank = 10% All general transactions in credit card account+100% All outstanding installment transactions in account+100% Outstanding portion of the minimum repayment amount in the previous period+100% All funds used in excess of the credit line in account+100% expenses.

Note: Minimum repayment requirements for credit cards in China Bank.

If the full repayment method is selected, the amount owed will be paid off in full before the due repayment date, and no interest will be generated. Those who choose the minimum repayment method will no longer enjoy interest-free repayment and pay overdraft interest in accordance with relevant bank regulations.

Interest calculation of minimum repayment amount of credit card in China Bank;

The first stage: 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);

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

For example:

Xiaohong is holding a credit card from China Bank, the bill date is 1, and the repayment date is 20th. Xiaohong spent 5,000 yuan by credit card on the 5th, and the minimum repayment amount was 10% of the consumption amount stipulated by China Bank, so Xiaohong repaid 5,000 yuan in full on the due repayment date, and the minimum repayment amount was 500 yuan. Xiaohong repaid 500 yuan on the last repayment date, and at the same time repaid all the due amount after 20 days.

Then during this period, Xiaohong's minimum repayment interest is 500 * 0.0005 *15+4500 * 0.0005 * 20 = 48.75 yuan;

The minimum repayment amount refers to the minimum amount you should repay (also called the minimum repayment amount). When the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can repay according to the minimum repayment amount on the bill, without affecting his credit status, but he cannot enjoy the interest-free repayment period.