1, the minimum repayment amount of each bank is different, which is generally about 10% of the bill amount; However, if the minimum repayment amount is not paid this month, the minimum repayment amount next month = the minimum repayment amount next month+the overdue fine payable this month+the minimum repayment amount this month (about 65438+ 00% of the total amount).

2. After the minimum repayment amount is paid, from the due date, five ten thousandths of the interest of the full billing date of the current month will be charged, and the monthly interest will be compounded, which is easy to form a vicious circle.

Generally speaking, the monthly bank credit card bill will be reminded by SMS or sent by paper bill. The bill will indicate: what is the minimum repayment amount or how much you can apply for installment payment.

You don't need to contact the bank to repay the minimum amount. As long as the amount deducted by the bank is greater than or equal to the minimum repayment amount, it will not be overdue, but interest will be charged as mentioned above.

5. Cash withdrawal can also pay the minimum repayment amount, but the cost of cash withdrawal by credit card is relatively high. In addition to the handling fee for cash withdrawal, interest shall be calculated at a rate of 5/10000 per day from the second day of cash withdrawal.

6. If the minimum repayment amount is paid, no bad record will be left. The bad record is only due to overdue, as long as the money is paid back every period.

Consequences of non-return of credit cards:

1. High interest and late fees

If the credit card is not repaid, the cardholder will no longer enjoy the interest-free period of the credit card. From the date of consumption, 0.5 ‰ interest will be charged every day, and compound interest will be calculated monthly. Tens of thousands of dollars in arrears will generate thousands of dollars in less than a few days, and the longer the time, the higher the interest.

If the credit card fails to repay in time after the interest-free period, the bank will charge the cardholder a late fee, which is 5% of the unpaid part of the minimum repayment amount. After a certain period of time, the bank will charge the cardholder a higher penalty interest.

2. Personal credit stain

As long as you have applied for a credit card or loan, you will know how important your personal credit record is. It will be very difficult to apply for a credit card once your credit history is tainted. This is not the most troublesome. Worst of all, if you want to buy a house in the future, the loan amount will be less than others and the interest rate will be higher than others. If it is overdue, the bank will not lend it to you even if it wants to pay more interest.