The minimum repayment amount of credit card means that if the cardholder has difficulty in repaying all the payables before the due repayment date, he can make repayment according to the minimum repayment amount stipulated by the issuing bank. The minimum repayment amount is 65,438+00% of the consumption amount and other payables, and the minimum repayment amount is reflected in the current bill together with the payable amount (if my current repayment amount is A and the minimum repayment amount is B, the payable amount is A+B). However, if the minimum repayment amount is adopted, it means that the interest-free repayment period will no longer be enjoyed, and the remaining unpaid amount will be recorded in Japanese according to the interest-bearing rules of the issuing bank.
It should be noted here that the minimum repayment amount does not affect personal credit, but after the minimum repayment amount is paid, the daily interest will be charged at five ten thousandths of the full bill of the month from the due date, and the monthly interest will be compounded, which is easy to form a vicious circle. You don't need to contact the bank to pay the minimum repayment. As long as the amount deducted by the bank on the repayment date is greater than or equal to the minimum repayment amount, it will not be overdue, but interest will be charged as mentioned above.
In addition, it should be emphasized that it is particularly important to develop good card habits. Don't always pay only the minimum repayment amount, regardless of the overdraft of economic strength, and pay more interest fees.
References:
The People's Bank of China issued a notice on matters related to credit card business.