1. It won't affect your credit information. The minimum repayment amount is calculated according to 1% of the total repayment amount in your repayment bill. For example, if your current bill is 1, yuan, then your minimum repayment amount is 1, yuan, which is also called revolving credit.
2. The advantage of the minimum repayment amount is that it can make the cardholder conveniently avoid overdue to relieve the temporary economic pressure, but the disadvantage is that it will generate interest every day. This rate is .5%. If you repay according to the minimum repayment amount, there is no interest-free period. It will be calculated from the time of consumption to the account, and the interest will be charged .5% every day, and the compound interest will be calculated monthly.
3. Revolving interest. Revolving interest is when you use revolving credit for repayment, or when you borrow cash in advance. If all the consumption money is paid off before the due repayment date of the current bill, then credit card consumption will enjoy an interest-free period and will not generate revolving interest. However, if your current bill is not fully paid off on time, it will be regarded as using revolving credit. All current consumption will start to collect interest from the first concession day, that is, the day after consumption. The daily interest rate is five ten thousandths until it is fully paid off. If you use the function of withholding cash, there is no way to enjoy the interest-free period. Your interest will be calculated from the day you withdraw cash. The daily interest rate is also five ten thousandths, and it will be calculated monthly.
overdue consequences:
1. long-term overdue records will be reported to the credit information system
2. overdue records will be collected. After a long overdue period, all kinds of collection methods are on the same page, which greatly affects life;
3. In some serious cases, the borrower will be prosecuted.
4. If the borrower refuses to repay the loan after the deadline, the bank is likely to ask for the debt through legal channels. At that time, the debtor will not only be seized of his property, but also become an "old lai".