Interest will be charged if you pay a penny less

Currently, there are three ways to calculate recurring interest on credit cards: full penalty interest, partial penalty interest and tolerance repayment. In the past, all banks used the full penalty interest method. If the cardholder cannot repay the full amount within the interest-free repayment period, even if it is only 1 cent, the bank will calculate interest on the full amount of the current bill, 10,000 cents per day. Fifth, compound interest is calculated on a monthly basis.

Because the amount is too small, one penny will be directly calculated into the next month's bill, and it is still enough to cover the minimum repayment amount. Generally, banks calculate based on the minimum repayment amount. If the minimum repayment amount is If you don't repay the amount, your credit record will be affected.