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How is the credit card repaid? With 1000 yuan, should I pay back 1000 yuan on the repayment date?
Credit card repayment is divided into three ways:

1, one-time full repayment means full repayment before the repayment date.

2. Apply for installment payment, but there is a handling fee.

3. The minimum repayment amount needs interest.

Minimum repayment amount of credit card:

Minimum repayment amount is a way of credit card repayment. Minimum repayment amount = unpaid part of the minimum repayment amount of the previous bill+overdraft balance of the current bill * 10%. If repayment is made according to the minimum repayment amount before the due repayment date (inclusive), the card issuer will charge overdraft interest at the rate of 0.5 ‰ per day.

Credit card repayment method:

1. Full repayment means full repayment before the repayment date, and the overdraft part is repaid without interest.

2. Repayment by installment. After applying to the bank for installment, monthly repayment = overdraft amount/installment number+installment fee.

3. Minimum repayment amount, minimum repayment amount = unpaid part of the minimum repayment amount of the previous bill+overdraft balance of the current bill * 10%.