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 bank. If the cardholder chooses "minimum repayment amount", the remaining arrears cannot enjoy interest-free repayment.
For example, on February 1 day, the cardholder spent 1 ten thousand yuan, February 10 is the billing date, and February 28 is the due repayment date. If the cardholder only pays the minimum repayment amount of 1 1,000 yuan, the remaining 9000 yuan will be calculated at the interest rate of 0.5 ‰ per day from February of 1 year, and the accumulated annual interest will be as high as 18.25%.
In addition, the bank also introduced the installment repayment method of bills. The reporter learned that once this method is determined, it cannot be changed. Even if you can repay in advance, you can't reduce the handling fee for installment payment. At present, credit card repayment generally has three months, six months, 12 months and other deadlines, and the handling fee varies according to different deadlines. The more installments, the higher the handling fee. ?
The staff of China Merchants Bank Credit Card Center suggested that cardholders should try not to use the minimum repayment amount unless absolutely necessary, and the minimum repayment amount can only be used as an emergency measure. ?
Extended data:
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.
After the credit card is frozen, it can't be repaid at the ATM because it can't be used. Repayment can be made through third-party payment platforms, such as Alipay and WeChat. It is recommended to use mobile phone Alipay for credit card repayment. Mobile Alipay payment is free, but the arrival time is different, depending on the bank. Some can arrive in real time, and some take several days.
Reminder: If it is frozen and paid off, you can apply to the bank for thawing. And if you suspect that the cash is frozen, you can provide proof of consumption that you may be excited if you don't cash out, otherwise you can't use it even if you pay back the money; If the card is frozen and risky, the bank may unfreeze it for you, but most of the way is to issue you a new card, which can no longer be used.
People's Network-Be cautious about the minimum repayment amount of credit cards. You can't enjoy interest-free if you don't pay back the arrears.