Credit cards only pay the minimum repayment amount, which does not affect credit. Every bank has a minimum repayment amount, so as long as you pay back according to the regulations, there will be no bad credit record. However, we need to note that some expenses will be added to our minimum repayment amount. But generally speaking, as long as it is returned according to the minimum repayment amount of the bank, there will be no overdue records and it will not have any impact on our personal credit information.

Extended data:

Benefits of minimum repayment:

Reduce the burden of repayment. Generally, the minimum repayment amount is 10% of the current bill. For people with tens of thousands of credit card bills a month, the repayment pressure suddenly becomes thousands a month, which is acceptable for most people.

Does not affect credit. The biggest advantage of the minimum repayment amount is that non-repayment will not affect the credit information. Because the minimum repayment amount is paid, the bill is not overdue, and there will be no negative record on the credit report, so it is welcomed by many people.

Disadvantages of only paying the minimum repayment amount:

Interest on repayment increases. If you only pay the minimum repayment amount, you have to bear more cyclic interest. Because the user's bill has not been paid off, even if the minimum repayment amount is paid, interest will still be calculated according to all bills. The period for calculating interest starts from the time recorded in the bill. Generally, the interest calculation standard of each bank is five ten thousandths of a day. Accumulate over time, it will cause a relatively large interest burden, so it is not recommended.

Stimulate excessive consumption. Because the minimum repayment amount will give people a feeling that there is no repayment pressure, only a few hundred dollars are needed every month, but in fact there are thousands of bills. Over time, the monthly overdraft amount is getting bigger and bigger, and finally it can't be repaid.

Not conducive to loans. If the credit card only pays the minimum repayment amount, on the one hand, it is not repaid in full and on time, on the other hand, the bank will think that the user's income and repayment ability are limited, which is not conducive to the subsequent application for loans in the bank.