Current location - Trademark Inquiry Complete Network - Overdue credit card - Swipe a China Merchants Bank credit card of 2000, and repay the minimum repayment amount every month until it is paid off. How much interest is required and how to calculate it?
Swipe a China Merchants Bank credit card of 2000, and repay the minimum repayment amount every month until it is paid off. How much interest is required and how to calculate it?

Hello, it depends on the type of your 2,000 consumption. If it includes installment, card consumption, cash withdrawal, etc., then the calculation will be more cumbersome. Minimum repayment amount = 10% cash advance principal + 10% non-cash advance transaction principal + 100% fees + 100% interest + 100% excess consumption + 100% unpaid portion of the minimum repayment amount in the previous period + 100 % of the single installment amount. As long as you repay the minimum amount of your bill before the payment due date, you will not incur late payment fees and will not affect your personal credit. 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. Please refer to the bill.

If you have other questions, please open the China Merchants Bank homepage www.cmbchina.com and click "Online Customer Service" in the upper right corner to enter the consultation.