What is the minimum repayment amount for China Construction Bank Credit Card?

The repayment date has come, what should I do if I don’t have enough funds on hand? In order not to have an overdue impact on their credit report, many friends will choose to pay in installments or pay the minimum repayment amount. So, what is the minimum repayment amount for a China Construction Bank credit card?

1. What is the minimum repayment amount for China Construction Bank Credit Card?

The minimum repayment amount means that if the cardholder has difficulty repaying all the amount due before the due repayment date, he can repay according to the minimum repayment amount stipulated by the card-issuing bank. The minimum repayment amount is 10% of the consumption amount and other various payables, the minimum repayment amount is reflected in the current bill together with the repayment amount. But if you adopt the minimum repayment method, it means you will no longer enjoy the interest-free repayment period.

Repaying the minimum repayment amount will not affect personal credit, but after repaying the minimum repayment amount, counting from the due date of repayment, 0.000% of the full amount of the monthly bill will be charged. Five interest, compounded monthly.

2. Calculation formula of the minimum repayment amount of China Construction Bank credit card

The calculation formula is:

The unpaid portion of the minimum repayment amount of the previous period has been accounted for and the accumulated installment amount has not been paid. Repayment fees and interest: 10% of the accumulated unpaid cash withdrawal amount: 10% of the accumulated unpaid consumption amount; 10% of the transaction amount exceeding the credit limit (including fees and interest); 10% of the principal amount of the consumption that is processed in error; 10% of the principal amount of cash withdrawal, which is processed in error = minimum Repayment amount

If the calculated minimum repayment amount is less than RMB 200 (or the equivalent of 50 US dollars in foreign exchange), if the total repayment amount is greater than or equal to RMB 200 (or the equivalent of 50 US dollars) If the total repayment amount is less than RMB 200 (or the equivalent of 50 US dollars in foreign exchange), the minimum repayment amount will be charged as RMB 200 (or the equivalent of 50 US dollars in foreign exchange). equal to the entire amount due.

Note: The minimum repayment of CCB credit card is calculated from the consumption date, not from the final repayment date. Please pay special attention to this.

How to repay CCB credit card?

Customers can handle CCB credit card repayment in the following ways: 1. Log in to mobile banking, go through the "Credit Card - Card Services - My Accounts - Repay for Me" menu, and follow the prompts. The repayment amount supports the selection of "repayment required in this period", "minimum repayment required" or "enter repayment amount". Warm reminder: If you need to handle foreign exchange purchase and repayment, please do so before 22:00 every day. 2. Follow and enter the "China Construction Bank" WeChat official account. After binding the credit card, enter "repayment" in the official account conversation mode to obtain the link, and follow the prompts to process.

(In case of business changes, please refer to the actual situation.)

Minimum repayment of CCB credit card

Calculation method of minimum repayment of CCB credit card:

Minimum repayment amount = 10% of the consumption amount within the credit limit 100% of the cash advance transaction amount 100% of the unpaid portion of the minimum repayment amount in the previous period exceeds 100% of the consumption amount within the credit limit 100% of fees and interest.

In September 2004, China Construction Bank carried out joint-stock reform. Huijin Corporation, China Construction Investment Corporation, Baosteel Group, State Grid and Yangtze Electric Power Co., Ltd. jointly established a joint-stock company with a registered capital of 194.23025 billion yuan. .

On September 15, 2004, Central Huijin Investment Co., Ltd., China Construction Bank Investment Co., Ltd., State Grid Corporation of China, Shanghai Baosteel Group Corporation and China Yangtze Electric Power Co., Ltd. held a meeting in Beijing and resolved* **Co-initiated the establishment of China Construction Bank Co., Ltd.

In September 2005, Bank of America and Asia Financial Holdings Pte. Ltd., a wholly-owned subsidiary of Singapore's Temasek Holdings (Private) Ltd., completed the acquisition of China Construction Bank held by Central Huijin Investment Co., Ltd. The first delivery of shares. After the completion of the transaction, Bank of America and Asia Financial Holdings Pte Ltd hold 9.0 and 5.1 shares of CCB respectively.

In October 2005, CCB was successfully listed on the Hong Kong Stock Exchange, raising 72.55 billion yuan, and its registered capital and paid-in capital increased to 224.689084 billion yuan. Became the first state-owned commercial bank to go public.

On December 27, 2005, China Construction Bank Corporation was listed on the Hong Kong Stock Exchange, code: 0939. This is the first Chinese state-owned commercial bank to achieve public offering and listing.

The business scope has been approved by the banking regulatory agency of the State Council and the State Foreign Exchange Administration, and has been approved by the company registration authority. The bank’s business scope is: absorbing public deposits; issuing short-term, medium-term and long-term loans; handling domestic External settlement; handling bill acceptance and discounting; issuing financial bonds; agency issuance, redemption, and underwriting of government bonds; buying and selling of government bonds and financial bonds; engaging in inter-bank lending; buying and selling, and agency buying and selling of foreign exchange; engaging in bank card business; providing letter of credit services and Guarantee; agency for payment and insurance business; provision of safe deposit box services; other businesses approved by regulatory authorities such as the Banking Regulatory Authority of the State Council.

On June 14, 2007, the CCB Board of Directors meeting reviewed and approved the A-share listing plan.

How to repay the China Construction Bank credit card

How to repay the China Construction Bank credit card:

1. Repayment at the bank counter: go to the counter of the credit card issuing bank to make manual repayment Just tell the teller to pay by credit card, and you need to prepare cash in advance.

2. ATM repayment: Go to the ATM machine of the credit card issuing bank to make a deposit, and you need to prepare cash in advance.

3. Online banking repayment: Find a savings card with a sufficient balance and online banking, and transfer money to the credit card account with you or across banks for repayment. If you operate across banks, a small handling fee will be charged.

4. Bind a debit card for repayment: Generally, when applying for a credit card, bank staff will ask whether to apply for a debit card of the same person, bind the debit card to the credit card, and set a deduction date (the date is set Set before the credit card repayment date), as long as the savings card has sufficient funds, the bank will automatically transfer money from the savings card to repay the credit card every month, so you don't have to worry about overdue credit card repayments.

5. Alipay repayment: Alipay itself has a credit card repayment function. Click to bind your own credit card and you can see the bill amount every month. You can use the bank card bound to Yu'e Bao or Alipay to repay in real time, or make an appointment to repay, that is, set a repayment date and repay. As a third-party platform, Alipay will charge a small handling fee.

6. Mobile APP repayment: Each bank has its own mobile app. Open the app to enter the credit card repayment interface and operate the repayment operation.

Operating environment:

Brand model: iPhone13

System version: iOS15.3.1

App version: v5.7.0.002

CCB Credit Card is a credit card issued by China Construction Bank. All credit cards issued by China Construction Bank are named "Dragon Card", and the types include: Dragon Card Prestigious School Card, Dragon Card Business Card, Dragon Card Car Card, etc.

Interest:

During the interest-free repayment period: The interest-free repayment period refers to the interest-free period for consumption transactions enjoyed by cardholders who repay in full on time. The interest-free period starts from the bank accounting date to the repayment date, with a minimum of 20 days and a maximum of 50 days. Overdraft cash withdrawal transactions do not enjoy the interest-free repayment period.

Tips:

If you fail to repay the loan in full before the due payment date, you will not enjoy the interest-free period. China Construction Bank will charge interest at a daily rate of 5/10,000 and compound interest on a monthly basis. The interest accrual date is from the date of consumption to the repayment date, and the interest accrual principal is calculated based on the actual amount payable.

If you fail to repay before the due payment date or the repayment amount is less than the minimum repayment amount, China Construction Bank will not only charge interest according to regulations, but also charge the unpaid portion of the minimum repayment amount. 5. Charge late fees.

How to calculate the minimum repayment interest of CCB credit card?

Repayment of the minimum repayment amount of CCB credit card refers to paying off the "minimum repayment amount" listed on the current bill before the specified repayment due date. In this case, the customer will not be affected. Personal credit, but the current statement cannot enjoy the interest-free repayment treatment. All transaction amounts on the current statement will be charged overdraft interest from the recording date of each transaction to the repayment date. The upper limit of the daily interest rate is 5/10,000, and the lower limit is 0.7 times of 5/10,000 (the approximate upper limit of the annualized interest rate is 18.25, and the lower limit is 0.7 times of 18.25, which is 12.775. The conversion formula is calculated based on annual interest rate = daily interest rate of 365), and Compound interest is earned on a monthly basis. If there is no special notice, the daily interest rate standard defaults to 0.5%. CCB has the right to adjust credit card interest rate standards in accordance with the interest rate policies of the People's Bank of China and notify customers. The minimum repayment amount is calculated separately for RMB accounts and accounts.

(In case of business changes, please refer to the actual situation.)

I used a CCB credit card to pay 10,000 yuan, what is the minimum repayment amount? How to calculate interest

The "minimum repayment amount" refers to the minimum amount that the cardholder should repay before the due repayment date (inclusive), including a certain proportion of the accumulated unpaid principal of consumer transactions, and all fees , interest, cash advance principal, the amount owed in excess of the credit limit, the unpaid portion of the minimum repayment amount of the previous period's bill, and other arrears that the cardholder should repay as stipulated by the Bank. The minimum repayment amount is calculated separately for RMB accounts and accounts. The minimum repayment amount is subject to the statement.

If you repay according to the minimum repayment amount listed on the statement, it will not have an impact on your credit record, and the current statement will not enjoy the interest-free repayment period. All transaction amounts on the statement will accrue interest from the recording date of each transaction to the repayment date, and compound interest will be accrued on a monthly basis. Unless otherwise specified, the CCB interest rate benchmark is 5/10,000 per day. If there is any adjustment, the upper limit of the daily interest rate is 5/10,000 and the lower limit is 0.7 times of 5/10,000 (approximately converted annualized interest rate upper limit is 18.25 and the lower limit is 18.25). 0.7 times 18.25 is 12.775, and the conversion formula is calculated as annual interest rate = daily interest rate 365). If the relevant regulations of the People's Bank of China change, the regulations will be followed. Please refer to the bill for actual interest.

(In case of business changes, please refer to the actual situation.)

This is the introduction of how to repay the minimum repayment of CCB credit card.