1. How to get the minimum repayment for credit cards

Credit cards have a repayment period every month, and the repayment date is from the day after the bill is sent to you this month to the day after the billing date of next month. The bill sent to you will show the amount to be repaid this month and the minimum repayment amount, so the cardholder's minimum repayment amount can be found out on the last day of the repayment period.

when the cardholder repays on the bill date, when the repayment amount is greater than or equal to the minimum repayment amount and less than the bill amount, the system automatically defaults to the minimum repayment amount. Generally, it only needs 1% of the repayment amount, which will not be overdue and will not affect the credit investigation. After the minimum repayment amount is repaid, the remaining arrears cannot enjoy the interest-free repayment period, and the current interest of .5% is paid every day.

second, what is the impact of the long-term minimum repayment

when the cardholder chooses the minimum repayment, the interest-free period of the credit card ends. Since the cardholder chooses the minimum repayment amount, the cardholder must pay .5% interest every day until the full repayment. If the cardholder has been using the minimum repayment amount, the interest on the arrears will continue to increase and the debt will increase.

and the long-term use of "minimum repayment" will also affect the bank's evaluation of cardholders, and banks may question their inability to repay. The reason why banks set the "minimum repayment amount" is to solve the temporary economic problem that makes people unable to repay their debts. This is an emergency measure. If the minimum repayment time is too long, the cardholder may be negatively affected. If the situation is serious, the credit card will be frozen or downgraded, and the credit card limit cannot be increased, thus limiting the consumption of credit cards.

third, will the minimum repayment affect the credit investigation?

the credit investigation of the cardholder shows that the credit card has paid the minimum amount, which has little influence on the credit investigation. After all, as long as the cardholder pays the minimum amount on time within the stipulated repayment period, it will not be overdue. If it is not overdue, it will not leave a bad credit record in the credit investigation, which will affect the cardholder's personal credit.

Of course, it should also be noted that the occasional minimum repayment of a credit card has no influence on the credit investigation, but if it is a long-term minimum repayment record, it may be a bad credit record, and then the cardholder goes to the bank to handle business. When reviewing personal credit information, banks or lending institutions and platforms may worry that the customer's repayment ability is insufficient.

Having said that, everyone has a clear idea of how to make the minimum repayment of credit cards. I still suggest that if you have not paid off your debts for a long time, you should not choose the minimum repayment, otherwise the debt will probably grow faster than your income.

in special circumstances, you can click the consultation button on the right. The website provides professional lawyers to answer questions, help you solve the repayment problem and let you return to your normal life.