No need

1. When we want to make the minimum repayment amount, there is no need to apply. Only the minimum repayment amount needs to be repaid directly. After receiving the repayment, the bank will automatically identify your repayment amount and conduct qualitative analysis. Once your repayment reaches the minimum payment, interest will begin to accrue from that date.

2. Minimum repayment amount. The minimum repayment amount is 10% of the current payment amount, and the current payment amount is 10% of the latest payment cycle. Although the credit card has an interest-free period for repayment, the minimum repayment is not based on 10% of the outstanding amount, but is repaid according to the "minimum repayment amount", and as a result, recurring interest is charged.

3. Once you repay according to the minimum repayment amount, the "revolving credit" of the credit card is used. The bank will charge interest on all outstanding debts from the recording date, and you will not be able to enjoy interest-free repayment in the current period. The discount, the daily interest rate is 0.05%, and the compound interest is converted into an annual interest rate of up to 18%!

4. There is also a "cash advance limit" item on the statement, which means that the bank can authorize the withdrawal from the ATM machine. The cash withdrawal limit is generally 50% of the credit limit. Credit card cash withdrawals are subject to a handling fee. Although some banks (such as Ping An Bank) have begun to waive this fee, customers need to pay 10,000 yuan per day starting from the day of withdrawal. Five interest.