the minimum repayment amount is the minimum amount to be repaid in the current month when revolving credit is used, and the minimum repayment amount is listed on the current bill. The calculation method of the minimum repayment amount of each bill: the minimum repayment amount = 1% of all general transactions in the credit card account+1% of all outstanding installment transactions in the account+1% of the unpaid part of the minimum repayment amount in the previous period+1% of all the money used in excess of the credit limit of the account+1% of expenses+1% of interest

Cyclic interest:

the consumption amount of the previous bill.

the cardholder's billing date is the 7th day of each month, and the card consumption is RMB 2, on April 1st, and this consumption is recorded on April 2nd. On April 7th, the bill will show that the "payable amount in this period" is RMB 2,, and the "minimum repayment amount" is 2 yuan. If the cardholder only repays 2 yuan on the due repayment date of April 25th, the interest to be paid as of that date will be shown on the bill on May 7th, that is, the interest of 2 yuan revolving credit principal for 23 days and the interest of 18 yuan remaining after repayment for 13 days: 2 yuan ×.5%×23 days (April 2nd-April 24th) +18 yuan × .5% ×.

You can consult any information you want about China Merchants Bank's credit card service online through QQ or WeChat. Method 1: Search for 4825555 among QQ corporate friends, and add China Merchants Bank Credit Card Center as friends; Method 2: Search for the number "cmb4825555" on WeChat and pay attention to China Merchants Bank Credit Card Center.