The minimum repayment amount is higher as the user incurs new consumption amounts in each period, and the new consumption amount and the repayment amount after the minimum repayment amount in the previous period are included in the current bill , so the minimum repayment amount for the current period will naturally increase. Unless the user has no new consumption amount after making the minimum repayment, the minimum repayment amount will become lower and lower.

After the minimum payment, the credit card needs to be repaid on the next payment date. During this period, users can choose to repay in advance, which will help reduce the minimum repayment interest.

Is paying the minimum payment considered overdue?

No, if the grace period for repayment is exceeded or the repayment amount is lower than the minimum repayment amount stipulated by the bank, the bank will treat it as overdue repayment. Overdue refers to failure to repay the loan by the next month's bill date. Overdue payment will affect personal credit and result in corresponding penalty interest. Users are advised to maintain a good credit record.