The minimum repayment amount means that when the cardholder cannot repay all the payables before the due repayment date (inclusive), he can make repayment according to the minimum repayment amount stipulated by the issuing bank. Generally, the minimum repayment amount is 10% of the consumption amount and other payables, which will be listed on the current bill of the credit card. The calculation method is "10% credit line consumption+100% cash advance transaction+100% minimum outstanding amount in the previous period+100% super credit line consumption+100% expenses and interest".

For example, suppose a credit card holder has no arrears in the early stage, the billing date of each month is 25th, and the repayment due date of the next month is 13. It spent15,000 yuan on 12.08+00, so in the statement of 12.25, the cardholder's current repayment amount is15,000 yuan, and the minimum repayment amount is 15.00 yuan. If the cardholder is temporarily unable to pay15,000 yuan for repayment, and decides to adopt the minimum repayment method, the cardholder shall make repayment according to the minimum repayment amount1June 65438+March 3/500 yuan. Then, according to the current minimum repayment interest method of the bank (market area), the cardholder's circulating interest in the statement of 65438+1October 25th is: 15000 yuan ×0.05%×34 days (from 65438+February 10 to 65438+. This 336 yuan is the interest that the cardholder needs to repay this month. If the cardholder still uses the minimum repayment method for installment next month, then this 336 yuan will also be included in the principal for cyclic calculation.

In other words, if the cardholder chooses the minimum repayment amount, he will no longer enjoy the interest-free period of 20~50 days, and he will have to bear the daily interest of 0.5 ‰ and repay with compound interest on a monthly basis.