Different from the minimum repayment amount, the minimum repayment amount refers to the minimum amount that the issuing bank allows to return before the final repayment date.
The billing cycle of a credit card is one month, usually 30 days, which is generated after the credit card is processed. After the credit card is activated, the billing cycle of the credit card is the billing date of next month, during which the cardholder's consumption will be counted as the first bill, and the repayment date will be set by himself, usually with a time difference of about half a month.
For the repayment amount or the minimum repayment amount, you can choose one according to your own financial situation. If the economic situation permits, it is recommended to repay in full and reduce interest expenses. Full repayment means paying off all the arrears on the monthly bill on time, including cash and consumption overdraft. Among them, non-cash transactions can enjoy an interest-free period of up to 50 days.