Not exactly. The minimum repayment amount of credit card repayment is not overdue. The minimum repayment amount of a credit card is the minimum amount that you must repay before the monthly due repayment date stipulated by the bank. You can not repay in full, but the repayment amount of each installment must be greater than the minimum repayment amount, which is the basic repayment requirement for you to maintain a good credit record. If you can't enjoy the interest-free repayment period by choosing the minimum repayment amount, you will be charged interest on all the consumption in the current period from the bookkeeping date (usually the day after consumption), with a daily interest rate of 0.5 ‰ until you pay it off in full. If all the payable amount of this period is paid off before the due repayment date, you can enjoy the interest-free period of consumption. You can choose the repayment method according to the specific situation. Minimum repayment amount = 10% advance cash principal+10% non-advance cash transaction principal+100% expense+100% interest+100% excess consumption+100. Please refer to the minimum repayment amount listed in the bill.

However, when the minimum repayment amount is used, all the consumption of the current bill cannot enjoy the interest-free period, and all the consumption will bear interest from the consumption date until the cardholder pays off all the debts. This method of interest calculation will make cardholders pay more interest, so this repayment method should be used with caution.

The minimum repayment amount of the credit card will also occupy the credit limit of the credit card, and the user will restore the credit limit after paying off the first installment, and the cardholder will restore the credit limit after paying off all the debts. Generally, you can't buy a lot of goods when the quota is occupied, which is quite unfavorable to cardholders.

In addition to the minimum credit card repayment, users can also use installment repayment, and can choose the appropriate number of installments according to their monthly income. However, the fees for different installments are different. However, in the case of sufficient funds, repayment can be made in advance, and the handling fee already charged will not be refunded.

The minimum repayment amount for credit card repayment is generally caused by excessive consumption by cardholders. At this time, in order to avoid late repayment, cardholders should reduce the number of times they usually use credit cards. At the same time, strive to get more income and let yourself pay back the arrears as soon as possible.