There are still many problems after the credit card pays the minimum repayment amount on time every month. Examples are as follows:

1. For example, if you spend 2, yuan with a credit card, and you find that you don't want to pay it back at once on the repayment date, the credit card recommends you a minimum repayment of 2, yuan. The minimum repayment amount is only 1/1 of the repayment amount this month, that is, 1 is 1, and the amount is low. Repayment according to the minimum repayment amount is not overdue.

Moreover, 1% of the total payable amount in the repayment bill is also called revolving credit. At first glance, the minimum repayment can save the cardholder from overdue and relieve the temporary economic pressure. It won't affect the credit record, and it won't charge late fees. Why not? But do you know that interest will be generated every day? Isn't it according to the interest rate of five ten thousandths of the total loan?

2. The minimum repayment interest is called "full penalty interest". This means that if the credit card is not fully repaid, the unpaid amount and the repaid amount will no longer enjoy the interest-free period, and the current bill will bear full interest, which will only be calculated according to the number of days between the transaction date of each credit card and the final repayment date.

from the date of credit card swiping, a penalty of .5 ‰ per day will be charged with compound interest until the day before repayment. For example, you made a minimum repayment of 2, yuan on a trip. The 6th is the billing date, and the 15th is the repayment date.

As for the total interest of the minimum repayment, the bank calculates it as follows:

2, yuan X.5%X38 days (February 6-March 15)+(2, yuan-2, yuan) X.5%X1 days (March 16) =389 yuan interest expense.

if you choose the minimum repayment on the repayment date, the bank will start to calculate interest from the day after the repayment date until the day when you pay off the bill. Moreover, the minimum repayment is not interest-free. Those who fail to pay the bill will generate .5% interest every day, and even the previous interest-free period (February 6 ~ March 15) will become a non-interest-free period and generate interest. So, you thought there was only a few tens of dollars in interest, but you didn't expect more than 3 dollars in interest for nothing.

3. In essence, the minimum repayment is a loan product of a bank. Looking at the low interest rate, it is not. What if you directly choose the "borrowing" of ants or the "gold bar" of Jingdong Finance and borrow money to repay the credit card bill of 2, yuan? As it turns out, it is also much more cost-effective than the minimum repayment. Since the loan will be repaid sooner or later, it is better to choose a shrewd repayment method. What do you think?

also, if you often use the minimum repayment, it will be not so easy to withdraw the amount. What did that sentence say? It is better to borrow usury than to owe a credit card. Of course, usury is not recommended to try ... Therefore, it is recommended that you carefully choose the minimum repayment. Short-term is ok, long-term has to find other options. Never pick up sesame seeds and lose watermelon. I tried to get the wool from the bank, but I was caught by the bank.