Hello, yes.

The minimum repayment amount is the minimum amount that needs to be repaid in the current month when using revolving credit. The minimum repayment amount is listed on the current bill. The minimum repayment amount for each installment is calculated as follows: Minimum repayment amount = 10% of all general transactions on the credit card account + 100% of the single-period amount of all outstanding installment transactions in the account + 100% of the unpaid portion of the minimum repayment amount of the previous period + 100% of all funds used in excess of the account credit limit + 100% of fees + 100% of interest

If it is a China Merchants Bank credit card, if you fail to repay the minimum payment on the bill in time before the due payment date, a late payment fee will be charged and interest, and will affect your personal credit. The late payment fee is 5% of the unpaid portion of the minimum repayment amount, with a minimum charge of RMB10 yuan or USD1 yuan. Interest will be charged on all consumption in the current period starting from the recording date (usually the next day after consumption), with a daily interest rate of 0.5% until you pay it off in full. In order to avoid affecting your personal credit, it is recommended that you repay the bill on time. If it is not convenient to pay off the bill in full, please pay off at least part of the minimum repayment amount on the credit card. The minimum repayment amount = 10% of all general transactions on the credit card account + 100% of the account The amount of all outstanding installment transactions in a single period + 100% of the minimum repayment amount of the previous period + 100% of the total amount used in excess of the account credit limit + 100% of fees + 100% of interest. The minimum monthly repayment amount is shown on the credit card statement for that month. If you cannot repay it all at once, you can repay the minimum payment amount on time before the final payment date. This will not affect your personal credit, but you will not be able to enjoy the interest-free repayment period. Interest will be calculated on all consumption in the current period from the recording date. Interest rate is five ten thousandths. (If you repay in full and on time, you can enjoy the interest-free period for credit card purchases.) If you do not repay, your credit will be affected and you will be charged interest. The bank will first demand payment, and then it does not rule out seeking legal channels for settlement. It is recommended that you seek help from relatives and friends to repay the loan as soon as possible.

You can consult online through QQ or WeChat for any information you want to know about China Merchants Bank’s credit card services. Method 1: Search for 4008205555 among QQ business friends and add China Merchants Bank Credit Card Center as a friend; Method 2: Search for the number "cmb4008205555" in WeChat and follow China Merchants Bank Credit Card Center.