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Will the credit card only pay the minimum repayment amount affect the credit history?
Only the minimum repayment amount of a credit card will not affect the credit history. Although it will not affect the credit history, the longer the time, the higher the compound interest charged by the bank, and the credit card will not increase, which will affect the credit card usage limit. Some banks will reduce or exempt credit cards with continuous minimum repayment.

1, the minimum repayment amount of each bank is different, which is generally about 10% of the bill amount; However, if the minimum repayment amount is not paid this month, the minimum repayment amount next month = the minimum repayment amount next month+the overdue fine payable this month+the minimum repayment amount this month (about 65438+ 00% of the total amount).

2. After the minimum repayment amount is paid, from the due date, five ten thousandths of the interest of the full billing date of the current month will be charged, and the monthly interest will be compounded, which is easy to form a vicious circle.

Generally speaking, the monthly bank credit card bill will be reminded by SMS or sent by paper bill. The bill will indicate: what is the minimum repayment amount or how much you can apply for installment payment.

You don't need to contact the bank to repay the minimum amount. As long as the amount deducted by the bank is greater than or equal to the minimum repayment amount, it will not be overdue, but interest will be charged as mentioned above.

5. Cash withdrawal can also pay the minimum repayment amount, but the cost of cash withdrawal by credit card is relatively high. In addition to the handling fee for cash withdrawal, interest shall be calculated at a rate of 5/10000 per day from the second day of cash withdrawal.

6. If the minimum repayment amount is paid, no bad record will be left. The bad record is only due to overdue, as long as the money is paid back every period.