Minimum repayment amount = the unpaid part of the minimum repayment amount of the previous bill +65438+ 00% of the overdraft balance of the current bill (excluding the installment deduction amount of the current period)+the installment deduction amount of the current period. You can check the current minimum repayment amount through the current credit card statement.
The minimum repayment amount refers to the minimum amount to be repaid before the credit card repayment date. Repayment at this amount will not result in late fees, but the unpaid part of the repayment amount will generate overdraft interest.
Extended data:
China Industrial and Commercial Bank Peony Credit Card (excluding quasi-credit card) bears interest as follows:
1. For the transaction of withdrawing cash and transferring money by credit line, the overdraft interest shall be paid at the rate of 0.05% per day from the bank bookkeeping date to the repayment date;
2. Except for overdraft transactions such as cash withdrawal and transfer, other overdraft transactions such as consumption can enjoy an interest-free repayment period of 25-56 days, and there is no need to pay overdraft interest for full repayment before the due repayment date;
3. For transactions that do not meet the interest-free conditions, the overdraft interest is calculated from the bank bookkeeping date, and the overdraft interest rate is 0.05% per day, with monthly compound interest;
4. The deposit in the account does not pay interest.
Tips: Please refer to peony credit card collection contract (personal card) and actual bill for specific interest calculation.
Industrial and Commercial Bank of China-Minimum Payment of Credit Card