The minimum repayment amount is the minimum amount that needs to be repaid in the current month when revolving credit is used, and the minimum repayment amount is listed on the current bill.
How to calculate the minimum repayment amount of each bill:
Minimum repayment amount = 10% Credit card account All general transactions+
65438+ 000% of all outstanding installment transactions in the account+65438+000% of the outstanding part of the minimum repayment amount in the previous period+65438+000% of all funds used in excess of the credit line in the account+65438+000% of expenses+65438+000% of interest.
Extended data:
1, liquidated damages
If the cardholder fails to pay off the minimum repayment amount of the previous bill before the due repayment date (inclusive), our bank will charge a corresponding penalty of 5% of the outstanding minimum repayment amount according to the credit card regulations of China Merchants Bank, and the minimum charge is RMB 65,438+00 or USD 65,438+0 yuan.
2. The card issuer will evaluate and adjust the cardholder's account overdraft interest rate and minimum repayment ratio according to the cardholder's credit status and card usage records. The upper limit of account overdraft interest rate is five ten thousandths of the daily interest rate, and the lower limit of account overdraft interest rate is 0.7 times of the daily interest rate;
The upper limit of the corresponding annualized interest rate is 18.250%, and the lower limit is 12.775% (the actual annualized interest rate may be different from the above-mentioned annualized interest rate due to different months and days and different repayment conditions of cardholders).
China Merchants Bank-Credit Card Articles of Association of China Merchants Bank (9th Edition)
China merchants bank-minimum repayment amount and liquidated damages