Only paying the minimum payment on a credit card will not affect your credit. Each bank has a minimum repayment amount. As long as you repay according to the regulations, you will not have a bad credit record. But we need to note that some fees will be mandatory to add to our minimum repayment. But generally speaking, as long as we repay according to the bank's minimum repayment amount, there will be no overdue record, and it will not have any impact on our personal credit report.

Extended information:

Benefits of minimum repayment:

Reducing the burden of repayment. Generally, the minimum repayment amount is 10% of the current bill. For people whose credit card bills are tens of thousands a month, the repayment pressure instantly becomes thousands a month, which is still acceptable to most people.

Does not affect credit reporting. The biggest advantage of the minimum payment is that your credit score will not be affected if you can't pay off your bills. Because if you pay the minimum payment, the bill will not be overdue, and it will not produce a negative record on your credit report, so it is welcomed by many people.

Disadvantages of paying only the minimum repayment amount:

Repayment interest increases. If you only pay the minimum payment, you will have to bear more recurring interest. Because the user's bill has not been paid off, even if the minimum repayment amount is paid, interest will still be calculated on the entire bill. The interest calculation cycle starts from the consumption of the bill. Generally, the interest calculation standard of various banks is 10,000 yuan per day. Five. Over time, it will cause a relatively large interest burden, so it is not recommended.

Stimulate overconsumption. Because the minimum repayment amount will give people a feeling of no repayment pressure. They only need to repay a few hundred yuan every month. In fact, there are thousands of yuan in bills. Over time, the monthly overdraft amount will become more and more, and eventually it will become unbearable. Start repayment.

Not conducive to loans. If the credit card only pays the minimum repayment amount, on the one hand, it is not repaid in full and on time, and on the other hand, the bank will also consider the user's income and repayment ability to be limited, which is not conducive to subsequent bank loan applications.