(China Merchants Bank) Full repayment means paying off all the debt before the repayment date. The minimum repayment amount is the minimum amount that needs to be repaid in the current month when using revolving credit, and the minimum repayment amount is listed on the current bill. The minimum repayment amount for each installment is calculated as follows: Minimum repayment amount = 10% of all general transactions on the credit card account + 100% of the single-period amount of all outstanding installment transactions in the account + 100% of the unpaid portion of the minimum repayment amount of the previous period + 100% of all funds used above the account credit limit + 100% of fees + 100% of interest.

If it is a China Merchants Bank credit card, if you fail to repay the minimum payment on the bill in time before the due date, late payment fees and interest will be charged, and your personal credit will be affected. The late payment fee is 5% of the unpaid portion of the minimum repayment amount, with a minimum charge of RMB10 yuan or USD1 yuan. Interest will be charged on all consumption in the current period starting from the recording date (usually the second day after consumption), with a daily interest rate of 0.05% until you pay it off in full. In order to avoid affecting your personal credit, it is recommended that you repay the bill on time. If it is inconvenient to pay off the bill in full, please pay off at least part of the minimum repayment amount on the credit card. The minimum repayment amount = 10% of all general transactions on the credit card account + 100% of the account The amount of all outstanding installment transactions in a single period + 100% of the minimum repayment amount of the previous period + 100% of the total amount used in excess of the account credit limit + 100% of fees + 100% of interest. The minimum repayment amount refers to the minimum repayment amount of each credit card The minimum monthly repayment amount is shown on the credit card statement for that month. If you cannot repay it all at once, you can repay the minimum payment amount on time before the final payment date. This will not affect your personal credit, but you will not be able to enjoy the interest-free repayment period. Interest will be accrued on all consumption in the current period from the recording date. Interest rate is five ten thousandths. (If you repay in full and on time, you can enjoy the interest-free period for credit card purchases.) If you do not repay, your credit will be affected and you will be charged interest. The bank will first demand payment, and then it does not rule out seeking legal channels for settlement. It is recommended that you seek help from relatives and friends to repay the loan as soon as possible.