1. What's the minimum monthly payment for a credit card?

The minimum monthly repayment amount of a credit card is a repayment method provided by the bank for cardholders who cannot repay, that is, the bank needs to make sure that the cardholder has the willingness to repay and a certain repayment ability.

The minimum repayment charges for credit cards are: current bill consumption 10%, previous installment repayment 100%, and cash withdrawal amount 100%. Although some banks only use 10% cash as the minimum repayment, the cash transaction of credit cards does not enjoy interest-free period, and the longer the time, the higher the interest.

Therefore, the minimum repayment amount can only be used as a short-term capital turnover method, but not as a long-term repayment method. Although the repayment pressure seems to have eased for some time, in fact, interest is rolling in.

2. Does the minimum monthly repayment amount of a credit card affect the credit?

The existence of the minimum monthly repayment amount of credit card makes the cardholder reduce the repayment pressure in a short time, and the bank charges interest, which is an acceptable result for both parties. Therefore, the minimum monthly payment of credit cards will not affect the credibility.

However, if there is a credit card bill, it is difficult to apply for a housing loan. With the increasing attention to bad credit, it does not necessarily mean that a good credit record can successfully pass the examination of mortgage and car loan. Some banks will be more strict in loan review, and even require applicants to pay off all credit card bills before entering the loan review process. After all, if loans overdue, banks can repossess houses and cars, but the exact amount is not clear. The repayment ability of credit card bill users naturally needs to be discussed, and loans will naturally become difficult.

If there are still unclear or new situations, it is suggested that you call directly for free consultation, so as to understand the communication cases and make detailed and targeted answers for you, so as to avoid incorrect answers due to incomplete information and poor communication. I wish the rights protection success.