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How to pay the minimum repayment of China Construction Bank Credit Card?

The minimum repayment amount is to exchange high interest rates without affecting creditworthiness. Generally, 10% of the total amount is enough. Calculation method of minimum repayment amount of CCB credit card:

Minimum repayment amount of CCB credit card = consumption amount within the credit limit × 10% + credit card cash withdrawal amount × 10% + unpaid portion of the minimum repayment amount in the previous period × 100% + transaction amount exceeding credit limit × 100% + all fees and interest × 100%.

The minimum repayment amount is 10% of the card amount this month. But it can be seen from this formula that if you withdraw cash this month, you will also need to add 10% of the cash withdrawal amount, as well as the interest and fees borne by the cash withdrawal amount. Extended information

Mr. Li's bill date is the 7th of each month. The total repayment amount for the January bill is RMB 10,000. The bill details are RMB 10,000 consumed on January 5. Mr. Li repaid 8,000 yuan on the due payment date. Since he did not repay the full amount, the bank will deduct 122 yuan of interest from the February statement. The calculation method is as follows:

10000×0.5‰×22 ( January 5 to January 27 ***22 days) + 2000 × 0.5‰ × 12 (January 27 to February 7 ***12 days) = 122 yuan.

As long as the credit card is repaid in full on time, you can enjoy the interest-free period for consumer transactions. The interest-free period starts from the bank accounting date to the repayment date, with a minimum of 17 days and a maximum of 52 days. , due to the fixed repayment date, which varies slightly from month to month.

China Construction Bank Network-What is the minimum repayment amount?