The minimum payment amount for a credit card is usually 10% of the credit card bill amount. The minimum payment amount must be the minimum payment amount shown on the credit card statement page. If the minimum repayment amount is not enough, there will be the following consequences:

1. The credit card repayment will be regarded as overdue, and the overdue record will be reported to the central bank's credit reporting system by the bank and recorded in the personal credit report. Affect personal credit.

2. Penalty interest will be levied on the cardholder’s overdue balance, resulting in an increase in personal debt.

3. Since the overdue report has a credit report, and the overdue record cannot be eliminated within a short period of time, when the user handles credit business, the bank or licensed consumer finance company will find the customer's credit report when approving it. If there is an overdue record on the loan, loan approval will also be refused due to the customer's credit problems.

Why is there no minimum payment on a credit card?

If you cannot see the minimum repayment amount, it is probably because the credit card has not issued a bill yet and the billing date has not yet come, so the user cannot see the minimum repayment amount.

The minimum repayment amount is only displayed after the credit card bill is issued. If the bill has been issued and the user still cannot see the minimum repayment amount, then there is no need to repay the amount and the overpayment may have been offset. .