The minimum repayment amount of a credit card refers to the amount that the cardholder needs to repay at least in each billing cycle, usually 10% of the bill amount. Take the arrears of 50,000 yuan as an example, and the minimum repayment amount is 5,000 yuan. However, it should be noted that choosing the minimum repayment amount will no longer enjoy the interest-free period. From the date of consumption, interest will be charged at the rate of 0.5 ‰ of the amount owed every day. This means that if the minimum repayment amount is selected, the cardholder will have to pay extra interest charges.