I owe 50,000 yuan to my credit card, and I only pay the minimum payment every month. When can I pay it off?

Let me do the math for you. The details are as follows: The monthly interest on a debt of 50,000 yuan will be 750 yuan.

This is equivalent to you only paying back about 4,250 yuan per month. In this case, it will take about a year to pay it off.

However, it is not cost-effective to only pay the minimum. It is recommended that you try to apply for repayment of the bill in installments, which can save a lot of interest.

It depends on your own income. If you can insist on repaying 5,000 yuan every month. It can be paid off in one year.

In addition, if you pay the minimum, there is no interest-free period, and the monthly interest for 5W is about 750 yuan. It is recommended to make bill installments. Or some small installment loans.

Please accept: Can I pay only the minimum payment every month with a credit card?

If it is a China Merchants Bank credit card, yes.

If it is a China Merchants Bank credit card, the minimum repayment amount is the minimum amount stipulated by the bank that you must repay before the monthly repayment due date. You may not repay the full amount but the repayment amount in each period must be greater than the minimum repayment amount. Amount, which is your basic repayment requirement to maintain a good credit record. If you choose the minimum repayment and are unable to enjoy the interest-free repayment period, all purchases in the current period will accrue interest from the recording date (usually the second day after consumption), with a daily interest rate of 0.05% until you pay it off in full. How long does it take to pay off the minimum monthly credit card payment of 5,000 yuan?

Annual interest rate is 18

Each period requires more than 500 points to be repaid. I owe 48,000 on my credit card and pay the minimum every month. When can I pay it off? Why aren't you stressed?

I’m afraid it’s not over yet, so why did I overdraft so much all at once?

When you were overdrafted, didn’t you think about whether you would have to pay back the money? Can I only pay the minimum payment on a credit card every month?

Yes, you can pay the minimum payment every month. However, if you continue to pay the minimum payment for a period of time, it is recommended to pay it in installments. I owe more than 50,000 yuan to my credit card. I want to pay the minimum payment every month and pay off the 50,000 yuan without spending money?

Hello, if it is a China Merchants Bank credit card, you can try to apply for bill installment.

Bill installment (only cardholders holding commercial cards, business cards (including financial business cards), purchase cards, ANA guaranteed cards or supplementary cards cannot apply) is a new financial management feature launched by our bank’s credit cards. It can help you repay the consumption amount in your bill in monthly installments. You can send a text message, log in to credit card online banking, or call the customer service hotline 4008205555 to transfer the service specialist to apply. Handling fee per period = total installment amount × handling fee rate per period. The minimum handling fee per period is 5 yuan, 0.9 per period for 3 periods, 0.75 per period for 6 periods, 0.70 per period for 10 periods, and 0.66 per period for 12 periods. , 0.68 in the 18th period, and 0.68 in the 24th period. Whether the application for bill installment is approved shall be subject to the comprehensive assessment result of our bank's credit card center. For bill installment application conditions, please log in to the credit card website: creditcard.cmbchina./, click "Credit Finance" - "Bill Installment" to check the bill installment terms and conditions.

After the bill installment application is successful, the current bill only needs to repay the amount other than the bill installment, and the principal amount payable in the first installment (principal payable in each installment = total installment principal ÷ number of installments) And the handling fee will be reflected in the next month's bill. The bill installment transaction is fully offset against the bill amount, and 10% is offset against the minimum repayment balance. (Business cards do not have installment business)

Minimum repayment is also acceptable. The minimum repayment amount refers to the minimum monthly repayment amount of a credit card, which is displayed on the credit card statement for the month. If you cannot repay it all at once, you can repay the minimum payment amount on time before the final payment date. This will not affect your personal credit, but you will not be able to enjoy the interest-free repayment period. Interest will be accrued on all consumption in the current period from the recording date. Interest rate is five ten thousandths.

(If you repay in full on time, you can enjoy the interest-free period if you use your card to make purchases)

If you have any questions about other China Merchants Bank credit cards, please search "4008205555" in QQ Business Friends and add "China Merchants Bank Credit Card Center" as a friend ; Or search the number "cmb4008205555" in WeChat and follow "China Merchants Bank Credit Card Center" for consultation. Thank you for your attention and support to China Merchants Bank! Is it okay to pay the minimum monthly credit card repayment?

If it is a China Merchants Bank credit card, as long as you repay the minimum amount of the bill before the due payment date, no liquidated damages will be incurred and your personal credit will not be affected. Please rest assured. However, recurring interest will accrue. All consumption in the current period will accrue interest from the recording date (usually the second day after consumption), with a daily interest rate of 0.05% until you pay it off in full. The impact of the monthly minimum credit card repayment

(China Merchants Bank) has no impact. The minimum repayment amount refers to the minimum amount that needs to be repaid on a credit card every month, which is shown on the credit card statement for that month. If you cannot repay it all at once, you can repay the minimum payment amount on time before the final payment date. This will not affect your personal credit, but you will not be able to enjoy the interest-free repayment period. Interest will be accrued on all consumption in the current period from the recording date. Interest rate is five ten thousandths. (If you repay in full and on time, you can enjoy the interest-free period if you use your card to make purchases) How many months does it take to repay a credit card debt of 30,000 yuan?

If you owe a credit card debt of 30,000 yuan, the minimum monthly repayment interest is , repay within a maximum of 10 months.