The minimum repayment amount will generate revolving interest. All consumption in the current period starts to bear interest from the bookkeeping date (usually the day after consumption), and the daily interest rate is five ten thousandths until you pay it off in full.

Examples of revolving interest: ● If your bookkeeping date is 5th of each month, the due repayment date is 23rd of each month; ● The current bill printed by the bank on April 5th, including all your trading accounts from March 5th to April 5th; ● Suppose there is only one consumption in your current bill, the consumption amount is 65,438 yuan+0,000 yuan, and the time for merchants to apply for payment is March 30th; ● Your current bill printed "Current Payable Amount" is 65,438 yuan+0,000 yuan, and "Minimum Repayment Amount" is 65,438 yuan+0,000 yuan; ● Under different circumstances, your circulating interest is as follows: ① If you pay off ￥ 65,438+0,000 in full before April 23rd, the circulating interest in the statement on May 5th is 0; ② If only the minimum repayment amount is 65,438+000 yuan on April 23rd, the cyclic interest on the statement on May 5th is 65,438+07.85 yuan, and the specific calculation is as follows: 65,438+0,000× 0.05 %× 24 days (from March 30th to April 22nd)+(654,300).

If the bill is in installments, it depends on how many installments you have. Please click: /Financing/Bill.aspx?

If in doubt, please add enterprise QQ customer service 4008205555 or WeChat to WeChat official account "China Merchants Bank Credit Card Center" for detailed consultation.