Current location - Trademark Inquiry Complete Network - Overdue credit card - How to calculate interest on China Merchants Bank credit card if the minimum repayment is insufficient and the full amount is not paid?
How to calculate interest on China Merchants Bank credit card if the minimum repayment is insufficient and the full amount is not paid?

Hello, if you cannot repay the full amount on the repayment date, you do not have to pay the full amount but the repayment amount of each period must be greater than the "minimum repayment amount". This is to maintain a good credit record. basic repayment requirements. 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 % For the single installment amount, please refer to the minimum repayment amount listed in the bill. If you choose "minimum repayment", you will not be able to enjoy the interest-free repayment period. 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 have paid all your bills. Until it is paid off. If you repay the current payment amount stated on the bill in full before the payment due date, you will enjoy the interest-free period for your consumption payments. You can choose the repayment method based on your specific circumstances.

As long as you repay the minimum amount of the bill before the payment due date, no late payment fees will be incurred and your personal credit will not be affected, but recurring interest will be generated and all consumption in the current period will be from Interest will be accrued on the accounting day (usually the second day after consumption), with a daily interest rate of 0.5% until you pay it off in full.

(You can consult online through QQ or WeChat about the China Merchants Bank credit card service information you want to know. Method 1: Search 4008205555 among QQ corporate friends, and add China Merchants Bank Credit Card Center as a friend; Method 2: In Search the number "cmb4008205555" on WeChat and follow China Merchants Bank Credit Card Center)