The minimum repayment amount means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can repay 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.

After the credit card is spent, you will receive the bank statement. There are two amounts in the bill, one is the payable amount in this period, and the other is the minimum repayment amount. If the credit card exceeds your repayment range after consumption, you can choose the minimum repayment amount, so that your personal credit will not be affected, but it means that you can no longer enjoy the interest-free period.

Extended data

Calculation of minimum repayment interest of credit card

The interest on the minimum repayment amount of a credit card is calculated according to the daily interest rate of 0.5 ‰. The minimum repayment amount refers to the minimum repayment amount of a credit card every month, which is displayed on the bill of the credit card in the current month.

If you can't pay off in one lump sum, you can pay off the minimum repayment amount on time before the final repayment date, without affecting your personal credit, but you can't enjoy the interest-free repayment period. Interest is charged on all consumption in the current period from the bookkeeping date.

Minimum repayment amount = consumption amount within the credit line × 10%+ cash advance transaction amount × 100%+ unpaid part of the previous minimum repayment amount × 100%+ consumption amount exceeding the credit line × 100%+ all expenses and interest ×/kloc-0.

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