minimum repayment amount = 1% advance cash principal+1% non-advance cash transaction principal+1% expenses+1% interest+1% excess consumption+1% unpaid minimum repayment amount in the previous period+1% installment amount. As long as you repay the bill according to the minimum amount before the due repayment date, there will be no late payment fee and your personal credit will not be affected. Please rest assured. However, it will generate cyclic interest. Interest will be charged from the bookkeeping date (usually the day after consumption) for all consumption in the current period, with a daily interest rate of five ten thousandths until you pay it off in full.
the minimum fee for each installment of the bill is 5 yuan, with .9% for three installments, .75% for six installments, .7% for ten installments, .66% for twelve installments, .68% for eighteen installments and .68% for twenty-four installments. Whether the application for bill installment is approved or not shall be subject to the comprehensive evaluation results of our credit card center.
If you have any other questions, please open the homepage of China Merchants Bank, www.cmbchina.com, and click "Online Customer Service" in the upper right corner to enter the consultation.