The minimum repayment amount of credit card will roll more and more. Because the minimum repayment amount of credit card will still generate interest, the minimum repayment amount can only be used as an emergency and emergency means, and should not become the habit of credit card repayment. This is because the minimum repayment amount does not enjoy the interest-free policy, and the monthly compound interest calculation mode is adopted, so the card cost is high.

Therefore, in order to avoid more and more credit cards, pay off all the debts in credit cards when you have the economic ability to avoid compound interest and reduce the repayment pressure.

Extended data:

Consequences of overdue credit card:

1. The liquidated damages are generally the minimum repayment amount, that is, 5% of the unpaid part.

2, the interest rate is high, and it is rolling interest. When there are many debts, the interest rate is scary.

3. Overdue will tarnish the credit record, resulting in the inability to handle financial needs such as buying a house and lending in the next two years.

4, overdue for more than 3 months, and the amount is large, and the bank has repeatedly failed to make dunning. At that time, you will not only pay back the money, but also bear criminal responsibility.

People's Network-The minimum repayment of credit cards will still generate interest.