Extension:

The minimum repayment amount refers to the minimum amount that the issuing bank allows you to return before the final repayment date. It should be pointed out that if you choose the minimum repayment amount, you will not enjoy the interest-free repayment period, and you need to pay the overdraft interest of all transactions in the current bill to the issuing bank, usually 0.05%/ day. You can choose one of them to repay according to your own financial situation. If your financial situation permits, it is recommended to repay in full and reduce interest expenses.

Overdue repayment:

The consequences of overdue repayment of credit cards are serious, and overdraft consumption should be moderate. Although the biggest feature of credit card is overdraft function, it actually constitutes the loan relationship between customers and banks. Failure to repay at maturity may not only cause legal disputes, but also bear high penalty interest. The most important thing is to form a bad credit record, which will adversely affect future work and life.