The minimum repayment amount is controlled by the bank and cannot be set by itself. You can apply for the minimum repayment amount for credit card due repayment.

The specific credit card repayment period and liquidated damages are as follows:

If paid off in full, there will be no cost;

There is generally a three-day grace period after credit card repayment, and repayment within the grace period is regarded as timely repayment;

If the minimum repayment amount is paid, the daily interest needs to be calculated, starting from the consumption bookkeeping date;

If the repayment exceeds the grace period or the repayment amount is lower than the minimum repayment amount stipulated by the bank, the interest will be calculated from the bookkeeping date, and a late fee of 5% of the minimum repayment amount will be charged monthly;

The specific daily interest rate may vary with different credit cards.

How to calculate the minimum repayment amount of bank credit card;

The calculation rules of the minimum repayment amount of the bank are: 65438+ 00% of your consumption+65438+00% of your cash withdrawal+all interest of the current bill+all expenses of the bill (i.e. late payment fee, over-limit fee, etc.). )+the unpaid part of the minimum repayment amount on the previous bill, so the minimum repayment amount is not a fixed value, depending on the arrears;

Each bill will give the full repayment amount and the minimum repayment amount. Repayment will be made according to the bill amount. As long as there is no breach of contract, there will be no adverse impact on the credit record, but extra interest will be paid. Interest is calculated at the rate of 0.5 ‰ per day from the date when consumption is recorded. After each billing date, the interest will be recorded as compound interest, and it is recommended to repay it in full as soon as possible.