Yes, a credit card is overdue as long as it is not less than the minimum repayment amount stipulated by the bank on time. However, if the minimum repayment amount cannot be paid off in two installments, it is better to apply for bill installment, which can save a lot of interest.

1. Definition of minimum repayment amount: The minimum repayment amount means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can make repayment according to the minimum repayment amount stipulated by the issuing bank, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is 65438+ 00% of the consumption amount plus other payables. The minimum repayment amount is listed on the current bill;

2. If the credit card repayment amount is greater than or equal to the minimum repayment amount and less than the full repayment amount, the default is the minimum repayment amount;

Three, the minimum repayment amount of credit card, the interest is calculated at 0.05%, starting from the day of consumption.

Extended data:

computing formula

In order to improve the market-oriented mechanism of credit card business, meet the growing demand of the public for credit card payment, improve the quality of credit card service and promote the healthy and sustainable development of the credit card market, the People's Bank of China recently issued the Notice of the People's Bank of China on Credit Card Business (hereinafter referred to as the Notice), which came into effect on 20 17 1.

Repayment reconciliation

After the credit card is spent, you will receive the bank statement on the billing date. There are two quantities, which we should write down. One is the amount payable in this period, and the other is the minimum repayment amount.

In fact, this is also a major advantage of credit cards. Once you spend your credit card, which is beyond your repayment range, you can choose the minimum repayment amount, so that your personal credit will not be affected. But that means you can't enjoy the interest-free period any more.

The minimum repayment amount means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can repay according to the minimum repayment amount stipulated by the issuing bank, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is 65438+ 00% of the consumption amount plus other payables. The minimum repayment amount is listed on the current bill.

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