Of course not! Paying the minimum repayment amount is a normal performance of the contract and has no negative impact. Using the minimum repayment amount can give the cardholder a certain buffer period and give the bank the impression that the cardholder can pay off the credit card.

After the user selects the minimum repayment, the bank will charge 0.05% interest on the remaining balance of the credit card on a daily basis from the date of repayment. Although the minimum payment is not overdue, the high interest rate may increase the pressure of repayment, and it is not good for credit card limit increases, and the bank will judge it as a low-income group. If the money cannot be repaid in full in time, in addition to the minimum repayment, the cardholder can also choose to repay in installments, which is not considered overdue.

You need to know the following two points when using the minimum repayment amount:

1. The minimum repayment is suitable for people who are temporarily unable to repay the loan, but do not want to overdue the loan and are able to pay it in full next month. Credit card holders who repay the balance.

2. Although the minimum credit card payment is not overdue, it will incur relatively high interest. When the minimum repayment is repaid, interest will be calculated based on the number of days from the accounting date until the full repayment is achieved. The daily interest will be calculated at 0.05%. The longer this cycle of interest, the more interest there will be.

1. Overdue repayment refers to the failure to repay the installment or the minimum amount or the full amount before the repayment date. This situation will have an impact on personal credit, and there will also be overdue interest payments, so if you really have a lack of cash flow or don't have more money to repay, you can consider the minimum repayment amount for repayment.

2. In addition to the minimum repayment amount, credit card repayment also includes full repayment and installment repayment.

(1) Full repayment is made before the repayment date. You can repay as much as you spend, and you can pay interest free.

(2) Installment repayment is when the credit card holder applies to the bank for installment. Monthly repayment = overdraft amount/number of installments + installment fee. Installment repayment requires a certain amount of handling fees. Of course, compared to repaying with the minimum repayment amount, the handling fees charged are relatively smaller.

Whether it is the minimum payment, installment payment or full payment, as long as it is repaid, it is not considered overdue. The minimum repayment amount refers to a certain proportion of the total unpaid consumption amount, and is the minimum amount that the repayer needs to repay.