For today's young people, they don't make much money, but they have learned thoroughly about avant-garde ideas. As more and more bank cards are issued, young people use credit cards more and more frequently. Nowadays, people are becoming more and more "reliant" on credit cards, especially the younger generation who are influenced by the "overdraft" consumption concept. For them, it is normal to have several credit cards in their hands.

The number of credit cards in our country has continued to increase in recent years. In 2018, the number of credit cards in our country reached 600 million. If you have too many credit cards, problems will easily arise. Overdue phenomena occur frequently. In 2018, the amount of overdue credit cards reached 80 billion yuan. Credit card is a necessity for many people. It is very convenient to use. When purchasing large items, you can pay in installments. In addition, when funds are tight, you can advance consumption in advance. If you cannot pay back the money, you can still make the minimum payment first. Dealing with the past will relieve a lot of stress.

Regarding the use of credit cards, we all know that generally as long as you do not overdue, the credit card can be used forever. It also has little impact on personal credibility. However, once you are overdue, the reduction will be light, and in severe cases, the card will be blocked directly. Therefore, many young people do whatever it takes to avoid overdue credit cards and have come up with many ways to "offset" the risk of overdue credit cards. For example, people often say "use a card to support a card", "use a loan to support a loan", and even "minimum repayment". These are the two most common methods used by credit card users.

Speaking of the minimum repayment, everyone thinks that this risk is the smallest, because it is a condition that is established under the permission of official rules. After all, the minimum repayment is approved by the bank, so as long as it is not overdue, there is no problem even if the minimum repayment is made every month! Then you are wrong. Today, let’s talk to my friends about the consequences of credit card holders using the minimum repayment amount for a long time. Let’s find out together.

First of all, let me talk about the minimum repayment for cardholders. For cardholders, it is certain that they can maintain their credit report and have no overdue records. In other words, if you are short of money in the current period, you will not be able to repay that much. Don’t fail to repay the money, at least the minimum payment, so as not to affect your credit report. However, you cannot enjoy the interest-free repayment period. The minimum repayment amount is 10% of the consumption amount plus other various payables. Seeing this, some people must think that the "minimum repayment" is a repayment method that "kills three birds with one stone" .

There is not so much repayment pressure, but you can also ensure a good credit record and maintain the normal use of your credit card. However, we must know that the minimum repayment also has its disadvantages, and bank staff will not tell you these things directly. Therefore, it is better to repay the loan in full as much as possible. Although the minimum repayment can reduce our pressure this month, the direct result is that the amount we actually repay in the end increases.

Because the outstanding amount will no longer be interest-free, and will be charged according to a certain interest rate. Generally speaking, this interest rate is 0.05%, and the annual interest rate is 18%. You must know that the bank The current highest deposit interest rate is between 4% and 5%. Comparing these interest rates will tell you the difference.

In addition to suffering a loss in repayment, there is another very important situation. Bank staff once revealed that frequent minimum repayments will question the repayment ability, which is not conducive to the cardholder's loan application. If you have been making the minimum repayments, the bank's risk control department will monitor you and think that you do not have the normal repayment ability. If you need a loan later, you may be rejected by the bank.

In addition to the fact that it is not easy to get a loan, if you use the minimum repayment for a long time, your bank will reduce your credit limit or freeze it. In the worst case, your credit card may also be blocked. Of course, there are benefits to minimum payments. The first thing that can be determined is that the minimum repayment does not affect personal credit score. As long as you make the minimum payment, your bill is not overdue. As long as it's not overdue, everything will be fine, and your name will naturally not appear on the bank's blacklist.

But according to the new bank regulations, what’s the matter with the minimum repayment being cancelled?

Someone looked at what happened to canceling the minimum payment? Don’t worry, the minimum repayment canceled here is for users who use credit cards to withdraw cash.

Last year, many banks began to cancel the minimum repayment for credit card cash withdrawals. This means that if you withdraw 1,000 yuan in cash with a credit card, you must pay back the entire 1,000 yuan when the repayment period comes, otherwise it will be considered overdue.

Industrial Bank issued new regulations to include the bank's credit card advance loan amount into the minimum repayment of the current bill, which means that the minimum repayment for credit card cash withdrawals is cancelled. After this, CITIC Bank also announced the same announcement as Industrial Bank. As we all know, many banks used to have a minimum repayment amount of 10% of the cash withdrawal amount for credit card withdrawals, but now they are gradually canceling this option.

In short, using the "minimum repayment" on your credit card for a long time will affect the bank's overall score, thereby affecting subsequent loans. Therefore, it is better to be careful when using credit cards. One detail may affect your future needs accidentally, and the minimum repayment is one of these details.