If the bank provides time tolerance service, although the repayment amount is less than the minimum repayment amount, the difference is less than or equal to the tolerance amount, then the bank will regard the user as having completed the minimum repayment amount . However, banks do not provide time tolerance services. If the minimum repayment amount is not met, the user will be directly regarded as overdue.

Since different banks have different regulations on time tolerance, it is safer to repay the minimum repayment amount in full, so that the system will regard the user as repaying in full anyway.

The minimum repayment amount means that if the cardholder has difficulty repaying all the amount due before the due payment date (inclusive), he can repay according to the minimum repayment amount stipulated by the card issuer, but he cannot Enjoy the interest-free repayment period, and the minimum repayment amount is 10% of the consumption amount plus other various payables. The minimum payment is listed on the current bill.

For cardholders, setting the minimum repayment amount on a credit card can ensure to a certain extent that personal credit is not restricted by repayment ability. When you overspend on your credit card and the repayment amount exceeds your repayment range, you can choose to repay with the minimum repayment amount, so that your personal credit will not be affected. But what you need to know is that this means that you can no longer enjoy the interest-free period.

Minimum repayment amount = 10% of the consumption amount within the credit limit + 100% of the cash advance transaction amount + 100% of the unpaid portion of the previous minimum repayment amount + 100% of the consumption amount exceeding the credit limit + 100% of fees and interest

Currently in the above formula, some banks adopt a minimum repayment rate of 10% for cash advances.

Repay before the due repayment date "Minimum repayment amount", interest will be calculated accordingly. But it will not affect your personal credit.

There is no minimum repayment for cash advances.

After using your credit card, you will receive a statement from the bank on the billing date. There are two amounts that we need to note. One is the amount due this period, and the other is the minimum payment amount.

After using your credit card, you will receive a statement from the bank on the billing date. There are two amounts that we need to note. One is the amount due this period, and the other is the minimum payment amount. In fact, this is also a major benefit of credit cards. Once you spend money on the credit card and exceed your repayment range, you can choose to repay with the minimum repayment amount, so that it will not affect your personal credit. But this means that you can no longer enjoy the interest-free period.

Credit card repayments must be paid in full, and a few dollars must not be underestimated. You must know that sometimes just because a few dollars are not paid off, a large amount of interest may arise. and late fees. At the same time, it will also mark a bad credit record on your personal credit, so cardholders should repay the card in full every month.