That is, the minimum repayment is no longer interest-free. Interest will be calculated from the day the card is overdrafted, usually five-fifths of the interest.

Credit card minimum payment:

Minimum payment is a method of credit card repayment. Minimum repayment, minimum repayment amount calculation method: minimum repayment amount = the unpaid portion of the minimum repayment amount of the previous period's bill + the overdraft balance of the current period's bill * 10%. If the minimum repayment amount is paid before the due repayment date (inclusive), the card issuer will charge overdraft interest at a rate of 50,000 per day.

There are two other ways to repay credit cards:

1. Full repayment, which means repaying in full before the repayment date. You can repay the amount of overdraft without interest.

2. Installment repayment. After applying for installment from the bank, monthly repayment = overdraft amount/number of installments + installment handling fee.