The minimum repayment amount is the minimum amount that needs to be repaid in the current month when revolving credit is used, and the minimum repayment amount is listed on the current bill. The calculation method of the minimum repayment amount of each bill: the minimum repayment amount =65438+ 00% of all general transactions in the credit card account+65438+000% of all outstanding installment transactions in the account+65438+000% of the unpaid part of the minimum repayment amount in the previous period+65438+000% of all funds used in excess of the credit limit of the account+100.
Cyclic interest. Each consumption amount of the last bill is the interest-bearing principal, and the interest-bearing days are from the account bookkeeping date to the account repayment date, and the daily interest rate is five ten thousandths. The cardholder's billing date is the 7th day of each month, and the credit card consumption is 2000 yuan in April 1 day. This consumption was recorded on April 2nd. On April 7th, the bill will show that the "payable amount in this period" is 2000 yuan, and the "minimum repayment amount" is 200 yuan. If the cardholder only repays 200 yuan on the repayment due date on April 25th, the interest payable up to that date will be shown on the bill on May 7th; That is, 23 days' interest on the revolving credit principal of 2,000 yuan and 13 days' interest on the remaining principal after repayment 1800 yuan: 2,000 yuan× 0.05 %× 23 days (April 2-April 24)+1800 yuan× 0.05 %×1.
legal ground
People's Republic of China (PRC) Civil Code
Article 673 Where the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract.
Article 674 The borrower shall pay interest at the agreed time limit. If the time limit for paying interest is not stipulated or clearly stipulated, and cannot be determined according to the provisions of Article 510 of this Law, if the loan period is less than one year, it shall be paid together with the loan; If the loan term is more than one year, it shall be paid at the end of each year; if the remaining term is less than one year, it shall be paid together with the loan.
Article 675 The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.