If the credit card overdraws by 1, yuan, then according to the calculation formula of the minimum repayment amount, the minimum repayment amount is 1 yuan plus the interest generated by the repayment date.

the calculation method of the minimum repayment amount is as follows: the minimum repayment amount is equal to 1% of all general transactions in the credit card account, plus 1% of all outstanding installment transactions in the account, plus 1% of the outstanding portion of the minimum repayment amount in the previous period, plus 1% of all funds used beyond the credit limit of the account, plus 1% of fees and 1% of interest. This is the minimum repayment amount of each bill.

I need to remind you that if you choose the minimum repayment. You don't enjoy the interest-free period. In this way, it can be calculated. If you overdraw 1, yuan and the interest rate is .5% on the repayment date, then if you only repay the interest 5 yuan on the repayment date, then the minimum repayment amount of revolving credit fund can be calculated according to the above equation, and your minimum repayment amount can be accurately obtained.

Extended information:

Overdue repayment: The consequences of overdue repayment of credit cards are serious, so overdraft consumption should be moderate. Although the biggest feature of credit card is its overdraft function, it actually constitutes a loan relationship between customers and banks. Failure to repay the loan at maturity may not only cause legal disputes, but also bear high penalty interest. The most important thing is to form a bad credit record, which will adversely affect future work and life.

Tips: As a new payment method, credit card is also the simplest financial management method for consumers. Although overdraft consumption can reduce the financial pressure of cardholders' daily consumption, it is easy for cardholders to become slaves if they are not properly managed or have good financial management concepts.

When the bill pressure is too heavy, pay back the card with a card with caution. You can apply to the bank for installment payment or apply for delayed repayment and extension of installment to relieve the pressure. At the same time, you should reflect on whether your consumption mode is healthy and reasonable in time.

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