Definition of minimum repayment amount The minimum repayment amount means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can make repayment according to the minimum repayment amount stipulated by the issuing bank, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is 65438+ 00% of the consumption amount plus other payables. The minimum repayment amount is listed on the current bill.

Calculation formula of minimum repayment amount

Minimum repayment amount = 65,438+00% of the consumption amount within the credit line+65,438 of the cash advance transaction amount+000% of the unpaid part of the previous minimum repayment amount+65,438+000% of the consumption amount exceeding the credit line+65,438+000% of the expenses and interest.

At present, in the above formula, some banks use the minimum repayment rate of 10% to advance cash.

Pay the "minimum repayment amount" before the due repayment date, and calculate the interest accordingly. But it will not affect personal credit.

Cash advance does not enjoy the minimum repayment amount.

After the credit card is spent, you will receive the bank statement on the billing date. There are two quantities, which we should write down. One is the amount payable in this period, and the other is the minimum repayment amount. In fact, this is also a major advantage of credit cards. Once you spend your credit card, which is beyond your repayment range, you can choose the minimum repayment amount, so that your personal credit will not be affected. But that means you can't enjoy the interest-free period any more.